Why participate in the BURNGMT plan?
1. Optimize the token economic model
The BURNGMT plan will destroy 600 million GMT through locked voting, accounting for 10% of the total supply. This will significantly reduce market supply, alleviate inflationary pressure, and help enhance GMT's long-term value and market confidence.
2. Reward mechanism driving
Users can share 100 million GMT as rewards during the voting process, enjoying benefits by participating, which encourages community members to contribute actively, forming a positive cycle between the community and token value.
3. Long-term circulation optimization
If successfully implemented, after this destruction plan, the circulating release ratio of GMT over the next six years will only be 27%, providing a stable long-term foundation for ecological development.
4. Strong user group support
GMT has accumulated over 6 million users through numerous popular applications (such as STEPN, Gas Hero, etc.), forming a large potential supporter base, which adds a guarantee for the implementation of the plan.
Analysis of GMT team's background and strength
1. Technical and product strength
• STEPN: As a leading M2E application globally, it once had 5.6 million registered users and over 1 million daily active users, establishing GMT's core position in the ecosystem.
• DOOAR: Has repeatedly ranked first in trading volume on the Solana network, with over 460,000 monthly active users, showcasing the team's ability in the DeFi space.
• MOOAR and MORCHI: Expand to multi-chain NFTs and innovative GameFi games, adding diversified value to the application scenarios of the GMT ecosystem.
2. Ecosystem fund management and transparency
GMT DAO is an independent entity completely governed by the community, ensuring the transparent operation of the GMT ecosystem fund through on-chain voting, and promoting community-based decision-making to avoid centralized intervention.
3. Team's feedback to the community
The GMT team actively repurchased unlocked GMT from investors and advisors and donated 600 million GMT to GMT DAO, providing a funding basis for community participation and the token destruction plan, demonstrating a high sense of responsibility and importance to the community.
4. Strong brand and partnerships
The core products of GMT have established long-term partnerships with several globally renowned brands (such as Casio, ASICS, Adidas), while further expanding its application scenarios and user base through cross-chain DEXs, NFT generation platforms, and other tools.
Summary:
GMT, as a star token born on Binance Launchpad, covers multiple fields including Move-to-Earn applications, NFT markets, decentralized exchanges, and innovative Web3 games. Whether it is from the team's technical strength, ecological layout, or community governance model, it demonstrates strong development potential and innovation capability.
The BURNGMT plan is not only an optimization of the GMT token economic model but also an innovative practice of community participation and governance. By destroying 600 million GMT, it will significantly enhance the token's scarcity and market value while providing generous incentives for supporters. This plan relies on a large user base and a transparent DAO operational model, which will inevitably promote the GMT ecosystem to new heights.
Participating in the BURNGMT plan is not just about supporting a project, but about collectively shaping a decentralized ecological future!