The @GMT DAO 's Burn Initiative is a game-changing event designed to empower the GMT community while improving the token's ecosystem. Running from November 21, 2024, to January 20, 2025, this 60-day initiative involves burning up to 600 million GMT tokens worth $100 million. These tokens represent allocations for early advisors, team members, and investors that were not yet unlocked.
Why Participate in the BURNGMT Initiative?
1. Community Empowerment: This event allows GMT holders to actively shape the token's future by voting on the burn initiative through the DAO's transparent governance mechanism.
2. Rewards for Engagement: Participants can share a reward pool of 100 million GMT for their involvement, making this initiative both impactful and rewarding.
3. Strengthened Tokenomics: Burning 600 million tokens reduces the circulating supply, potentially increasing the token's value and enhancing its long-term sustainability.
How the Voting Burn Mechanism Works
- Lock and Vote: Participants lock their tokens on (https://burngmt.com) to vote. A 60-day lock period ensures that decisions are thoughtful and deliberate.
- Transparent Process: All voting is recorded on-chain, ensuring transparency and verifiability.
- Exclusive Perks: Voters receive the special “Make GMT Great Again” NFT, commemorating their contribution to this milestone.
Broader Impacts on the GMT Ecosystem
GMT plays a crucial role across platforms like STEPN, MOOAR, and other ecosystem products. The burn will likely strengthen its position across the BNB Chain, Ethereum, Solana, and Polygon, aligning with GMT DAO’s vision for a robust, decentralized future.
Steps to Participate
1. Visit (https://burngmt.com).
2. Lock your $GMT tokens to cast your vote.
This initiative highlights the GMT DAO's commitment to innovation, transparency, and community-driven growth. By participating, you contribute to shaping the future of GMT while benefiting from the rewards and exclusivity of this historic event.
