Today I will answer a few questions from fans:

1. Is there still a hundredfold coin?

2. Can the two new coins on Binance yesterday be chased?

3. Can GMT reach 1 dollar?

① There is definitely a hundredfold coin, and it often performs.

② It is not recommended to chase the new coins after they go online; you can enter after they drop 50% later.

② If this time the GMT voting destruction is successful, it is not impossible for it to reach 1 dollar with this wave of popularity.

Of course, many people do not quite understand what kind of token GMT is, so let me explain to the fans who don't know:

GMT is the governance token of STEPN, and the token economics mainly include distribution, destruction, and utility. The total supply of GMT is 6 billion, mainly distributed as follows: 30% for mobile mining (Move-to-Earn), 30% reserved for ecosystem and community incentives, 16.3% for the team, 7% for private placement investors, 14.2% for public sale, and the remaining portion for liquidity and advisor rewards.

Token destruction: STEPN has designed various destruction mechanisms, including using GMT for upgrading shoes, minting new shoes, participating in governance, and special functions. The core purpose of destroying tokens is to enhance the scarcity and value of the token by reducing circulation.

Destroying 600 million GMT (about 10% of the total) has a significant impact on the market.

1. Reduced circulating supply: Directly reduces the market circulation, alleviating selling pressure, which helps stabilize or even increase the token price.

2. Enhanced market confidence: Destruction demonstrates the team's long-term support for the token's value, attracting more investors and users to participate.

3. Ecological growth momentum: Destruction can be combined with incentive measures (such as higher rewards for mobile mining) to drive user growth and expand the influence of the STEPN ecosystem.

The long-term effect of the amount destroyed depends on the speed of ecological expansion and the growth of token demand. If user and activity levels cannot keep pace, short-term value growth may be limited. #BURNGMT @GMT DAO