1 PAWS = 0.0497
10k PAWS = 497$
This is the biggest airdrop of 2024.
This is a great opportunity to earn free dollars 💰
Here's some info on BURNGMT?
Research @GMT DAO @STEPN | Public Beta Phase VI BURNGMT Initiatives: A Revolutionary Step in the GMT Ecosystem
In the dynamic world of cryptocurrency, GMT DAO is attracting attention with its innovative BURNGMT initiatives, a strategic vote to burn 600 million GMT tokens. The event will run from November 21, 2024 to January 20, 2025 and reflects the team's commitment to decentralization, market stability and sustainable growth.
What is BURNGMT?
BURNGMT allows GMT holders to vote on whether to burn 600 million tokens. This massive pool of tokens comes from the unlocked reserves originally allocated to advisors, investors and team, which were submitted to the GMT DAO for community decision-making. Members stake their tokens to vote, their loyalty rewarded from a pool of 100 million GMT.
Why is this important?
1. Deflationary Tokenomics: Burning 600 million tokens is a significant reduction in supply, potentially increasing the value of GMT. This is in line with GMT's long-term strategy to optimize token circulation and increase confidence in the market.
2. Community Empowerment: By empowering token holders to vote for burning, the initiative strengthens the decentralized governance of the GMT DAO and promotes greater community participation.
3. Market Impact: If successful, the incineration will leave only 27% of GMT's total supply in circulation over the next six years, creating a tighter supply environment. Historically, reduced token liquidity has correlated with higher prices.
Rewards for participation
Participants in the BURNGMT event can share daily rewards from a pool of 100 million GMT. These rewards incentivize long-term loyalty, as dividends are distributed based on the number of GMTs blocked for voting. In addition, users get:
Daily passive income during the lock-in period.
Role in shaping the future of the GMT ecosystem.
How to participate
1. Event Access: Login through Binance and go to the BURNGMT voting page.
2. Block your tokens: Choose how many GMT to block and vote.
3. Reward Monitoring: Check your daily rewards and wait for the final result on January 20, 2025.
Broader implications
The BURNGMT initiative is not just about reducing supply. It's also a statement of confidence in the GMT ecosystem. Supporting flagship projects such as STEPN (GameFi with 6 million users), MOOAR (NFT marketplace) and DOOAR (DEX ecosystem), GMT DAO is strategically positioning itself as a leader in Web3 and blockchain applications.
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