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The economic model of $GMT was modified a long time ago, resulting in a slight imbalance in the ratio of GMT output and market inflow. GMT also fell from $4.17.

Can the current economic model of GMT staking and burning to pull the market support continued price increases? Is there any need to hold or buy in the future?

GMT has actually been played on multiple chains. The number of tokens, output ratio, etc., in the final analysis, is still to make an economic balance with output destruction, including the current massive burning.

The FSL team repurchased about 600 million GMT tokens and then transferred them to the address of GMT DAO for burning.

🔥 Locked GMT reached 100 million, and burned 60 million GMT;
🔥 Locked GMT reached 500 million, and burned 230 million GMT;
🔥 Locked GMT reached 900 million, and burned 600 million GMT.

#GMT投票燃烧计划

This lock-up period lasts until January 20, 2025. After the GMT destruction activity is over, users will be rewarded.

Pay attention to the total amount of GMT and the current circulation. The total amount is 5.26 billion tokens, and there are 2.98 billion tokens in circulation. The destruction of these 600 million tokens will not last too long. This mood will only go up to $0.265 at most.

However, the economic model of GMT is healthy, but the problem that the economic model of chain games always needs to solve is the problem of the continuous attenuation of the price caused by the continuous production and circulation of tokens. Therefore, GMT can be supported for a long time until now, so the economic model of STEPN GO is still good.