I believe everyone has recently seen the GMT burning plan in the square. The mechanism of locking and destroying StepN is practically an open strategy to drive up the price. There are several strategies for players.
📌 Short-term strategy: Directly buy spot GMT to gain profits from the price increase, and sell at any time.
📌 Medium-term strategy: Lock a portion of GMT for voting to earn voting rewards, while selling spot at a suitable position.
📌 Long-term strategy: Participate in voting and receive continuous returns. However, the price may drop after the locking period ends.
Locked players earn GMT rewards and increase their holdings, while spot players can sell at any time to profit from the price increase of GMT.
🚀 GMT is a popular project that launched on Binance Launchpad. GMT DAO is the ecological fund for the GMT token. GMT is widely used in various products, such as in the GameFi product STEPN and STEPN GO, which has over 6 million users, where GMT is heavily utilized and has burned 800 million tokens. In the cross-chain NFT market and launch platform MOOAR, GMT is used for trading NFTs and for automatically generating NFTs via artificial intelligence. On the cross-chain DEX DOOAR, GMT is used for fees and trading pairs.
STEPN repurchased 600 million GMT with 100 million USD, and users can vote to decide whether to burn the 600 million GMT tokens repurchased by the team by locking GMT tokens on the Polygon chain during the period from November 21, 2024, to January 20, 2025, through BurnGMT. Users participating in the vote will also receive an additional reward of 100 million GMT tokens as a return for participating in the community voting activity.
Once the voting is successful, the circulating tokens in the market will be scarcer, and the remaining selling pressure will mainly come from the 2.5% Move to Earn token rewards released annually and the foundation's token releases.
If the BunGMT plan voting is successful, the token structure of GMT will undergo a tremendous change!
🚀 Locking reaches 100 million within 60 days!
Burning to unlock 60 million advisor shares in the next 10 months.
🚀 Locking reaches 500 million within 60 days!
Burning to unlock 170 million team shares in the next 10 months.
🚀 Locking reaches 900 million within 60 days!
Burning to unlock 370 million investor shares in the next 10 months!
📌 As Bitcoin approaches 100,000 USD, funds are flowing out. GMT has been consolidating around 0.15 for nearly half a year, and with the upcoming altcoin season and the positive news of burning 600 million GMT, it has reached the best entry point; buy in with split positions and wait for the climax of the voting burn.
