Project introduction:$GMT
Gameplay: Destroy Vote
Time: 3 minutes
Official account: @GMT DAO Twitter: @Stepnofficial Search Twitter tag: #BURNGMT
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Analysis of the gameplay of BURNGMT voting
What is the limited time?
The BURNGMT voting event starts on November 21, 2024, and ends on January 20, 2025, lasting 60 days. During this time, users can participate in deciding$GMT the fate of the tokens.
Whose coins are being burned?
This vote involves 600 million $GMT that the GMT team obtained through repurchase from investors and advisors, which has been donated to GMT DAO. The fate of these tokens will be decided by community voting, whether to permanently destroy them.
What is the mechanism that triggers the burn?
The mechanism that triggers the burn is very simple: community voting decides. If the voting result supports the destruction, these 600 million $GMT will be permanently removed from circulation.
What is the voting lock-up mechanism?
To participate in the voting, users need to lock up a certain amount of $GMT. During the lock-up period, these $GMT cannot be used for trading or other purposes. This mechanism encourages long-term holding and community participation.
What is the return rate?
The return for participating in the vote is 100 million $GMT, which will be distributed to all users who locked up their votes after the voting ends. The specific return rate depends on the total amount of locked $GMT and the number of voters.
How do the locking and burning of GMT coins affect the market?
Locking $GMT will temporarily reduce liquidity in the market, which may lead to a price increase in the short term. Burning reduces the total supply of $GMT, which is expected to drive the price up in the long run.
How much liquidity has been taken away by the lock-up?
The specific amount of liquidity reduced depends on the total amount of locked $GMT, but it can be expected that the BURNGMT vote will significantly reduce the liquidity of $GMT in the market.
How is the daily lock-up dividend calculated?
The calculation of daily dividends is based on the amount of $GMT locked and the duration of the lock-up. Dividends are usually distributed proportionally; the more $GMT locked and the longer the duration, the more $GMT rewards are obtained.
How should general users operate?
Users should lock their $GMT for voting through official channels (such as the GMT DAO website or partner wallets) to ensure $GMT is locked during the voting period and pay attention to the end time of the vote.
What is the unlocking and distribution status of GMT coins?
In the next six years, only 27% of $GMT will be released through the move2earn mechanism and the ecological fund's unlocking, reaching a fully circulating state. This will have a profound impact on the supply of $GMT.
Coins already burned and to be burned:
So far, 800 million $GMT has been burned. The BURNGMT vote will determine whether to burn an additional 600 million $GMT.
Number and distribution of unlocked coins:
Currently, there is a high circulation of $GMT in the market, distributed among users, trading markets, and within the ecosystem.
Distribution of unlocked coins:
The $GMT that has not yet been unlocked is mainly concentrated in future releases from the ecological fund and the move2earn mechanism, ensuring the continuous growth and use of $GMT.
Background and strength of the GMT team:
The GMT team consists of professionals with rich experience in the blockchain and gaming industries, possessing strong operational and development capabilities.
Introduction to STEPN:
STEPN is a GameFi project based on $GMT, combining sports and NFTs, where users earn $GMT through actual exercise (walking or running), enhancing the utility and user base of $GMT.
Community activities, airdrops, and business collaborations:
The GMT community actively participates in ecological construction through various activities, such as airdrops and community tasks. Additionally, collaborations with well-known brands like Casio, ASICS, and Adidas further enhance the market influence and utility of $GMT.
The BURNGMT vote is not just a community decision-making process; it is an important milestone for $GMT's future. Regardless of the outcome, this vote will have a profound impact on $GMT's market performance and community development.#GMT投票燃烧计划
