STEPN is a move-to-earn sports application. Users equipped with NFT sneakers can engage in outdoor activities to earn tokens and NFT rewards. STEPN has a built-in wallet, NFT marketplace, exchange, and a rental system that allows non-crypto users to also use STEPN.
STEPN has a dual token system, one game token - Green Satoshi Token (GST) and one governance token - Green Metaverse Token (GMT)
BurnGMT is about to burn tokens, and the burning plan is based on the latest disclosure data from BurnGMT, the current locked amount has exceeded 100 million pieces, also achieving the first locking target. According to platform data, users can not only participate in governance decisions by locking GMT but also share a total reward of up to 100 million GMT.
How to participate in BurnGMT gameplay:
(1) Voting lock mechanism (one-time lock for 60 days until Trump takes office on January 20, 2025, capital rewards will be distributed after 60 days. Up to 100 million GMT rewards, with a fixed daily reward of 1.67 million GMT).
(2) The GMT burned from voting comes from the team spending one billion dollars to repurchase all shares of unlocked early advisors, team members, and investors totaling 600 million GMT.
(3) Triggering the burning mechanism: after the voting reaches a certain number, the team will burn the corresponding GMT (refer to BURNGMT.com rules) the website continues to operate.
(4) Current return rate The lock-up return rate, GMT will become locked 900 million + destroyed 600 million + staking rewards of one million GMT, on the day the U.S. president takes office.
Participation method is carried out on the P chain, with a minimum of 100 GMT tokens to participate in voting to obtain a Little Red Riding Hood NFT staking certificate!
It is reported that several trading platforms' GMT withdrawal functions show that services have been suspended, and large-scale lock-up directly reduces the amount of GMT in circulation in the market, liquidity is gradually being drained.
GMT is also an IEO project of Binance, with a total of 6 billion, current circulation rate of 10%, circulating market value of 1.19 billion. The current trend has broken through at the daily level with increasing volume. Additionally, token burning means deflation, and scarcity increases value; fewer tokens naturally have a certain push effect on price!
Specific burning details: http://BURNGMT.com
Data is just for sharing; feel free to share your opinions in the comments! #GMT投票燃烧计划
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