Do you still remember the most beautiful "running shoes" $GMT that made countless people crazy and obsessed with it in the spring of 2022? The price of the coin increased by 417 times in 50 days after it was launched! The running shoes also made money while running, and the powerful money-making effect attracted almost all the hot money in the circle at that time. I believe many old players still remember it~
Today it's back! And it's back with a great revival plan!
GMT is a popular project that was launched on Binance Launchpad. GMT DAO is the ecological fund of GMT tokens. GMT is widely used in various products. For example, in GameFi products STEPN and STEPN GO, which have more than 6 million users, GMT is used in large quantities and 800 million GMT tokens have been burned!
STEPN has long-term cooperative relationships with well-known companies such as Casio, ASICS sneakers, Adidas sneakers, etc. On the cross-chain NFT market and launch platform MOOAR, GMT is used to trade NFTs and automatically generate NFTs through artificial intelligence. On the cross-chain DEX DOOAR, GMT is used for handling fees and trading pairs.
GMT is also used in other products such as the strategy-based GameFi's Gas Hero and the mini-game Morchi. Through FSL ID, GMT is also used by other GameFi as a user registration tool and provides the function of earning GMT points through interaction, which makes GMT have a large user base.
The GMT team repurchased the unlocked GMT from investors and consultants and donated 600 million GMT to GMT DAO! (10% of the total GMT tokens!)
BURNGMT was initiated by GMT DAO. Through a 60-day lock-up vote from November 21, 2024 to January 20, 2025, users can decide whether to burn the 600 million GMTs and share 100 million GMTs as participation rewards during the voting process.
In this way, only 27% of move2earn and ecological funds will not be unlocked and released in the next six years, reaching full circulation.
The burning plan is that the FSL team will buy back 600 million GMT tokens unlocked by investors and consultants, and voluntarily transfer them to @GMT DAO . Now the burning rights of these tokens have been handed over to the DAO. As long as the members of the GMT DAO lock GMT for a short period of time, they can participate in the vote to decide the burning amount:
Locked GMT reached 100 million, burned 60 million GMT;
Locked GMT reached 500 million, burned 230 million GMT;
Locked GMT reached 900 million, burned 600 million GMT!
Voting rewards: First get the "Make GMT Great Again" NFT, then 100 million GMT will be distributed to NFT holders according to the locked ratio!
Lock-up period: November 21, 2024 to January 20, 2025, a total of 60 days!
Reward Distribution: The day after the "Destroy GMT" event ends, users will receive GMT tokens for voting and participation rewards!
Family members, please go to the official website to participate in the event!!!
Compared with GMT's destruction plan, it is undoubtedly a major positive for token economics! A good deflation mechanism itself will promote the explosion of the core value of tokens! Especially in a bull market, we also need the main funds and project parties to send us more signals. Stabilize the morale!
Let GMT be great again! In this bull market, GMT may really return to $4!
The current GMT token economy is relatively simple. The total circulation is about 3 billion, with a circulation rate of about 50%. The burngmt plan is to soft-lock 600 million GMT for voting, accounting for 12% of the total.
M2E 18%, Ecosystem Fund 9%, BURNGMT Burning Plan 10%, Historical Burning 13%, Circulating Disk 50%
The following is a summary of GMT’s historical destruction data and tokens to be destroyed:
This destruction plan is a big plus for GMT! In addition, we are currently in a bull market cycle, and GMT has ignited the passion of the market. It is not certain that the price of the currency will return to $4! The bull market needs more faith!
Make GMT great again!
