⚠⚠⚠Extreme market conditions are starting to emerge this week, BTC dropped 6000 USD in seconds, US stocks are closed on Thursday and will only open for three hours on Friday. Where will the market head? This article is a must-read for those who don't want to miss the bull market, whether they are zero-cost players or those making arrangements. ⚠⚠⚠
The current drop is gradually being corrected. After the rotation of BTC funds, meme funds, and old brand altcoin funds, there is still one sector that has been overlooked: the blockchain gaming sector. Speaking of the blockchain gaming sector, we cannot ignore the super star project incubated by Binance launchpad: $GMT , which sparked the unstoppable blockchain gaming craze.
. Now GMT DAO is about to launch again: players can participate in voting to receive 100 million GMT airdrop and also decide whether to burn and buy back 600 million GMT tokens. Truly exercising the governance rights of GMT DAO! 🎯
Let me introduce GMT DAO:
GMT DAO includes many sectors.
BURNGMT is an innovative feature within the STEPN ecosystem, its core is to grant users more rights and potential benefits by locking and burning GMT tokens. In participation, users must lock a certain amount of GMT tokens within a limited time to gain voting rights, which not only reduces the circulating supply in the market but also indirectly promotes the value of the tokens. The mechanism that triggers burning is usually linked to the number of votes cast by users, and some tasks or activities may also trigger token destruction, further enhancing the scarcity of GMT.
The return on locked tokens is mainly reflected in two aspects: first is daily dividends, which are distributed based on the voting weight and total locked amount of the locking users; second are additional project rewards, such as airdrops or rights unlocks. Generally, the more you lock and the longer the time, the higher the return for users. However, users must weigh their personal asset allocation to ensure sufficient liquidity during the locking period.
Impact on the market
Finally, let's talk about user operations and the future of the STEPN ecosystem.
The STEPN team is composed of senior professionals in the blockchain and gaming fields, and their “Move-to-Earn” model has successfully attracted a large number of users. Through mechanisms like BURNGMT, STEPN not only promotes community participation but also enhances the market value of GMT. In the future, with the launch of more community activities, airdrops, and business collaborations, the GMT ecosystem is expected to continue expanding, bringing more innovations and returns to users and the market.