Brothers, let's share an old brand project gmt
STEPN is a movement application that allows users to earn while exercising. Users equipped with NFT sneakers can participate 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 gaming token - Green Satoshi Token (GST) and one governance token - Green Metaverse Token (GMT)
BurnGMT is about to burn tokens, and the burn plan, according to the latest disclosure data from BurnGMT, the current locked amount has exceeded 100 million, achieving the first locking target. According to platform data, users who lock GMT not only can participate in governance decisions but also share a total reward of up to 100 million GMT.
How to participate in BurnGMT gameplay:
(1) Voting Locking Mechanism (one-time lock for 60 days until Trump’s inauguration day (January 20, 2025), principal 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 100 million dollars to repurchase all shares of early advisors, team members, and investors that have not been unlocked, totaling 600 million GMT.
(3) The mechanism to trigger burning: 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) Currently, the return rate of the locked-up returns, GMT will turn into locked up 900 million + destroyed 600 million + staking rewards of 100 million GMT, on the day of the US president's inauguration.
Participation method: conducted on the P chain, a minimum of 100 GMT tokens are required to participate in voting and receive a small red hat NFT staking certificate!
It is reported that several trading platforms’ GMT withdrawal functions show paused services, and large-scale locking 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. Currently, the daily trend has broken through and the trading volume is expanding. Additionally, token burning means deflation, and scarcity increases value; a decrease in tokens naturally has a certain positive effect on the price!
Specific burning details: http://BURNGMT.com
Data is just for sharing, feel free to share your thoughts in the comments! #GMT投票燃烧计划
