According to official@GMT DAO Latest news:
The interest of the previous day is settled at 8:00 am every day in Hong Kong.
Divide the 166w $GMT of the day equally according to the total locked amount,
The unlocking time is 2025.1.20 0:00 UTC time. The total reward for an individual is calculated based on the actual number of days of staking. The earlier the staking, the higher the yield.
The minimum pledge amount is 100 $gmt. You can get the pledged NF Little Red Hat by casting 1 vote.
1. Why should you participate in the BURNGMT program?
The BURNGMT program not only provides investors with a new way to participate in the world of cryptocurrency, but also allows investors to enjoy high GMT rewards and rich ecological product experience through a unique mechanism design.
More importantly, the plan effectively reduces the circulation of GMT in the market and increases the scarcity and value of GMT through voting lock-up and GMT burning mechanisms.
2. How to play BURNGMT (four steps in total)
Voting lock mechanism
BURNGMT plans to adopt a voting lock mechanism, where investors can lock their tokens for 60 days at a time (until January 20, 2025) to obtain voting rights and rewards. During the lock period, investors will receive up to 100 million GMT in rewards, with a fixed daily distribution of 1.67 million GMT. This mechanism not only encourages long-term participation by investors, but also ensures the fairness and sustainability of rewards.
GMT combustion mechanism
The GMT team has spent $100 million to buy back all the shares of early consultants, teams and investors that have not been unlocked (a total of 600 million GMT), and will use these GMTs for voting. When the number of votes reaches a certain level, the team will destroy the corresponding GMT to reduce the circulation in the market. This mechanism effectively increases the scarcity and value of GMT.
The mechanism that triggers combustion
The specific triggering conditions of the voting burning mechanism can be found in the rules of BURNGMT.com. Investors can promote the triggering of the burning mechanism by participating in voting, thereby jointly enhancing the value of GMT.
Current rate of return
According to the BURNGMT plan, the locked GMT will become 900 million locked + 600 million destroyed + 100 million pledged GMT.
On the day the U.S. President takes office (January 20, 2025), investors will enjoy generous returns.
4. How to participate in BURNGMT
Participating in the BURNGMT program is very simple. Investors only need to operate on the P chain, and at least 100 GMT is required to participate in the vote. After successfully voting, investors will receive the Little Red Riding Hood NFT pledge certificate, which is an important certificate for participating in the program.
5. Unlocking and Distribution of GMT Coins
The unlocking and distribution of GMT coins are as follows:
Coins burned and unburned: The team has burned some GMT and plans to continue burning more GMT in the future to reduce the circulation.
The number and distribution of unlocked coins: Some GMT has been unlocked and circulated in the market for investors to trade and buy and sell.
Distribution of unlocked coins: Unlocked GMT is mainly distributed in the hands of the team, consultants and investors. They will be gradually unlocked and circulated to the market in the future according to the agreement.
GMT team background and strength: 30 years in circulation, burngmt plan - 600 million GMT soft locks ready for voting and burning, accounting for 10% of the total. M2E accounts for 18%, ecological funds account for 9%, and those ready to be burned in the future account for 10%, 13% has been burned in the past, and the circulating market accounts for 50%.
6. Future Outlook of GMT Value
With the in-depth implementation of the BURNGMT plan and the continuous efforts of the GMT team, the value of GMT is expected to be further enhanced.
On the one hand, the team will continue to launch more innovative projects and ecological products to provide strong support for the added value of GMT.
On the other hand, through the voting lock-up and GMT burning mechanism, the team will effectively reduce the GMT circulation in the market and increase the scarcity and value of GMT.
Conclusion: Written at the end
The BURNGMT program, with its unique mechanism design and rich ecological product layout, provides investors with a new way to participate in the world of cryptocurrency. By participating in the program, investors can not only enjoy high GMT rewards and rich ecological product experience, but also jointly promote the increase in the value of GMT. Therefore, for investors who want to find new opportunities in the field of cryptocurrency, why not try the BURNGMT program! #GMT投票燃烧计划
