Brothers, I have completed the voting! The whole process only required 0.1U in gas! Let me share the process:
How to participate in voting and receive airdrops?
The steps to participate in voting and receive airdrops are relatively simple, here is a detailed tutorial:
Open the GMT burn voting website: First, you need to open the official website for the GMT burn voting and link your cryptocurrency wallet. Please ensure your wallet supports the storage and trading of GMT tokens and has been verified and authorized.
Locking GMT tokens: On the voting website, you need to lock the GMT tokens you hold to gain voting shares. The more GMT you lock, the larger your voting share will be, and the more GMT you can potentially influence for destruction. At the same time, the locked GMT will also serve as the basis for you to receive airdrop rewards.
Voting choices: Once the locking is completed, you can start voting. The voting options are to support or oppose the destruction of the repurchased GMT tokens. Based on your judgment and expectations for the future development of GMT tokens, choose the option you deem appropriate.
Wait for airdrop rewards: After the voting ends, GMT DAO will airdrop GMT token rewards to community members based on voting shares and destruction rules. Please ensure your wallet address is correct and closely follow GMT DAO's official announcements and airdrop distribution schedule.
GMT locked amount and destruction rules
GMT locked amount reaches 100 million: Destruction of GMT belonging to the consultant's share.
GMT locked amount increases by 500 million (cumulative locked amount reaches 600 million): Destruction of GMT belonging to the team's share.
GMT locked amount increases by 300 million GMT (cumulative locked amount reaches 900 million): Destruction of all repurchased GMT tokens, totaling 600 million.
This GMT DAO destruction voting event not only provides community members with an opportunity to participate in governance and influence the future development of GMT tokens but also prepares up to 100 million GMT in airdrop rewards to thank every actively participating community member. Moreover, the gas fee for participating in the vote is only 0.1U, significantly lowering the participation threshold, allowing more investors to get involved. So, don’t hesitate, take action now! Contribute to the healthy development of GMT DAO with your GMT tokens and have a chance to receive generous airdrop rewards!
After voting, users will receive a limited edition hat NFT (Make GMT Great Again, MGGA), similar to the red hat on the official website interface. On one hand, this NFT will serve as a memorial for participating in the vote; on the other hand, this NFT also records the amount of GMT locked and the corresponding reward quantity. To emphasize again: the earlier you participate in locking, the more GMT rewards allocated by the official preparation will be, meaning the higher the return rate. At the same time, this event also provides profit space for spot and futures players, with the former enjoying rising profits and the latter earning profits through market games.
From the perspective of industry gameplay originality, this move can be described as a clear and straightforward 'open strategy'—in summary, the official behind GMT aims to boost the GMT token price with real money. In the past market, there has always been a struggle for the will of multiple parties, which includes
1) The competition between on-chain and off-chain markets, namely the struggle among holders regarding token locking, token spot, and token futures;
2) The competition between players and the project party, where one party desires higher returns but cannot unilaterally decide the token supply destruction amount; the other party has lower direct returns at the token level but possesses stronger decision-making power over the token supply destruction amount;
3) The competition between short-term DeFi mining returns and believing in the project and the team behind it, insisting on long-termism; the former leans more towards 'earn and run', 'sell and always earn'; the latter is 'cast a long line to catch big fish', trading time for space.
The approach of directly repurchasing tokens and transferring decision-making power to community users perfectly resolves the 'prisoner's dilemma' in various competitions—project parties use real money to reduce token supply and boost token prices, while the community just needs to choose 'Yes/No'.
