The GMT DAO destruction plan is bound to be beneficial for the token market.
First, the burning plan launched by GMT DAO is an innovative attempt aimed at determining whether to destroy the GMT tokens repurchased by the team through community voting. This initiative not only reflects GMT DAO's emphasis on community participation but also demonstrates its determination to drive up the price of GMT tokens through on-chain governance.
Secondly, the implementation mechanism of the burning plan is designed quite cleverly. Users participate in voting by locking up GMT tokens, which not only directly influences the voting results but also allows them to earn additional GMT rewards. This mechanism not only encourages users to actively participate in voting but also strengthens community cohesion. Meanwhile, by destroying the repurchased GMT tokens, the number of circulating tokens in the market can be effectively reduced, potentially increasing the value of GMT tokens.
In addition, GMT DAO fully considers the interests of users in the burning plan. Users participating in voting can not only receive additional GMT rewards but also profit after the token price rises. This dual-revenue mechanism further stimulates user participation enthusiasm and injects new vitality into the market performance of GMT tokens.
GMT DAO is an independent entity created by and serving GMT holders. It manages the GMT ecological fund through on-chain voting, ensuring that decisions are made based on the collective opinions of the community. GMT DAO operates independently.
Circulation approximately 30Y, burngmt plan - 600 million GMT soft lock-up prepared for voting burn, accounting for 10% of the total.
M2E 18%
Ecological fund 9%
BURNGMT burning plan 10%
Historical burn 13%
Circulating supply 50%
