Remember the globally popular STEPN? A pair of NFT running shoes set off a craze for Web3 lifestyle, allowing users to earn tokens while running and walking outdoors. GMT, as the core token of STEPN, was not only a phenomenal investment project at the time, but also became a model of the Web3 economic model. Today, the#GMTvoting and burning plan has kicked off. GMT is shaping market rules in a new way, attracting countless users to participate in governance and jointly promoting ecological development. 🌐🔥
⏳The significance of a limited time: How can 60 days stimulate market vitality?
BURNGMT plans to set a 60-day lock-up voting period from November 23, 2024 to January 20, 2025. This time limit is not only a rule setting, but also a sophisticated strategy.
1. Create a sense of urgency and FOMO effect 🚀
Time constraints require users to make quick decisions and take action. Within the limited 60 days, the scarcity of the voting window enhances user participation enthusiasm. This sense of urgency not only makes the voting event more attractive but also encourages more users to join the locking action in a short time, injecting energy into the GMT ecosystem.
2. Create an observation window for the market 👀
The 60-day cycle is sufficient to attract widespread user participation and provides a clear evaluation phase for market dynamics. During this period, the community can continuously monitor the execution effects of the locking and burning plans, accumulating valuable experience for future ecological governance.
3. Balance short-term stimulation with long-term planning 💎
In the short term, this concentrated locking behavior has reduced the circulating supply of GMT in the market, directly lowering the risk of price volatility. From a long-term perspective, the voting mechanism provides a solid foundation for the value management of GMT tokens.
📉 The impact of locking and burning on the market: dual enhancement of scarcity and confidence
The BURNGMT plan is not just a voting event; the locking and burning mechanisms behind it are profoundly changing the market ecosystem.
1. Reduce circulating supply 💰🔥
If the vote passes, 600 million GMT will be burned, accounting for 10% of the total supply. This scarcity effect will further enhance GMT's market value, creating greater potential profit space for holders.
2. Locking mechanism alleviates market selling pressure 📉
Users will lock their GMT during the voting period, further reducing the circulating supply in the market. This decrease in liquidity directly alleviates selling pressure, creating conditions for market price stability and even increases.
3. Enhance user confidence 💡💎
Through community voting governance, the BURNGMT plan demonstrates the power of decentralization. Users can not only participate in project development but also enjoy staking dividends, further increasing their trust in the GMT ecosystem.
4. Incentivize long-term holders 🚀💎
The burning plan reduces the future unlocking pressure on GMT, making tokens held by long-term holders more scarce and potentially valuable. This mechanism effectively attracts more long-term investors, bringing greater stability to the GMT ecosystem.
🌟 Conclusion
The BURNGMT voting burning plan brings a brand new governance experience to the community within a short 60-day time window, while injecting vitality into the market through locking and burning mechanisms. 🔥
Reduce supply, enhance scarcity, boost user confidence... all of this is driving GMT towards a healthier and more sustainable direction. 🚀
🌐💎 #GMT投票燃烧计划 🔥💡 #GMT、每日智能策略 $GMT
⏳ 60-day window 📉 Reduced liquidity 🎯 Enhanced scarcity
Upload a few game puzzles from the time when STEPN was booming, reminiscing about that era...
Now is the best time to participate in the GMT burning plan! ⏳ If you want to contribute to the Web3 ecosystem, seize this opportunity to help push the future of GMT to new heights! 💰🌟 @GMT DAO
