$GMT
GMT Token Ecosystem
- StepN Platform: GMT is the governance token in the blockchain game StepN based on Solana. Users can earn tokens like GST and GMT by exercising on this platform. GMT can be used for platform governance, shoe customization, upgrades, minting rare sneakers, and resetting shoe quality, etc.
- Gomining Platform: On the Gomining platform, GMT serves as a utility token, which can be used for mining Bitcoin and Gomining tokens, purchasing other NFTs on the platform, and earning rewards through staking.
- Gas Hero Game: This game chooses to use GMT as the currency for transactions. Players consume GMT for actions like upgrading, minting, and campaigning in the game. For instance, the base prices for badges and heroes are approximately 27,000 GMT and 1,400 GMT, respectively, supporting the value of GMT.
GMT Token Team Partners
- Simplex: In January 2022, GMT partnered with Simplex, allowing users to purchase GMT tokens using credit cards, Apple Pay, or bank transfers, simplifying the buying process, shortening the purchase time, and lowering the entry barrier for ordinary users.
GMT Token Foundation
GMT DAO is an independent entity created by GMT holders to serve them. It manages the GMT ecological fund through on-chain voting, ensuring decisions are executed based on the collective opinion of the community. The GMT DAO operates independently and has no affiliation with FSL or any of its related brands (including STEPN, STEPN GO, MOOAR, DOOAR, and Gas Hero).
History of GMT Token Burn
- In April 2022, StepN launched a quarterly GMT buyback and burn program, planning to purchase GMT worth 10,000 Sol (approximately $100,000) daily until the funds run out (approximately $26 million). However, according to community users, the latest announcement regarding this plan was delayed and has not been updated.
- The Gomining platform team will increase the supply capacity of other circulating tokens by burning a portion of their own tokens after introducing new equipment, thus enhancing the hash power supply of each token.
Circulation approximately 30Y, burngmt plan - 600 million GMT soft lockup prepared for voting burn, accounting for 10% of the total supply.
M2E 18%
Ecological Fund 9%
BURNGMT Burn Plan 10%
Historical Burn 13%
Circulating Supply 50%
