One investment, overnight wealth. On November 21, an ordinary retail investor participated in the BURNGMT event on the Mooar platform and received an airdrop reward of 904,000 GMT, worth about $198,000 (equivalent to RMB 1.44 million)! This amazing achievement has become a legend in the cryptocurrency circle.
Behind the miracle: Little Red Riding Hood NFT’s incredible returns
Data shows that this retail investor minted an MGGA Little Red Riding Hood NFT numbered 3368 during the event and pledged 8.665 million GMT. In just 9 days, he received an airdrop reward of up to 904,000 GMT, equivalent to an annualized daily rate of return of up to 1179%! At the same time, the price of GMT doubled during this period, which not only earned him a huge reward, but also enjoyed a bonus on the currency price, with the income comparable to "house appreciation".
BURNGMT: How to make wealth leap possible?
BURNGMT is an innovative economic incentive program launched by the GMT team. It uses the "voting + burning" method to reduce the amount of circulating tokens and increase the price of the token through the lock-up mechanism. The activity aims to achieve a win-win situation for ecological value and investor interests.
Key highlights of the plan:
1. Lock up your stake to vote and win rewards
• Users need to lock at least 100GMT on the P chain to participate in the voting and obtain the Little Red Riding Hood NFT pledge certificate.
• The lock-up period is 60 days, the daily reward pool is up to 1.67 million GMT, and the total reward pool is 100 million GMT.
2. Token burning, increasing scarcity
• The GMT team plans to repurchase 600 million GMT and destroy them proportionally, further driving up the token price by reducing the market supply.
3. High-yield return mechanism
• The sources of income for participants include: lock-up rewards, coin price increases driven by destruction, and the synergistic growth of platform ecosystem products.
Market reaction during the event
GMT prices rose significantly in November, driven by BURNGMT activity. This combination of “high rewards + price doubling” attracted a large number of investors, further strengthening the market performance of the plan.
GMT Team: Strong Ecosystem Strength Creates Trust
As a leading team in the blockchain industry, GMT is backed by a mature and innovative ecosystem:
• STEPN & STEPNGO: Well-known M2E platforms with a large user base.
• MOOAR: NFT trading market that enables digital content creation.
• DEX DOOAR: Efficient decentralized exchange to ensure asset security.
• FSL Fund and Security System: Provide all-round protection for users and developers through identity authentication and financial support.
With these diversified layouts, the GMT team has demonstrated extremely high industry integration capabilities and innovation potential.
Future Outlook: Continuous Drive of BURNGMT
The BURNGMT activity not only optimized the distribution of GMT tokens, but also significantly enhanced market scarcity through the destruction plan and lock-up mechanism. With the continuous advancement of STEPN, MOOAR and other ecological applications, GMT will continue to expand its actual use scenarios and strengthen its position as a core asset of the decentralized economy. @GMT DAO