$LUNC
🔥🔥 LUNC News: Terra Classic Community Passes Crucial CoinMarketCap Proposal: 😮
👀 LUNC News: Terra Classic community has approved proposal to ask CoinMarketCap to provide access to Allnodes.
👀 Terra Classic community to transfer CoinMarketCap dashboard account access to validator Allnodes.
Terraform Labs fails to cooperate with the community as no action or response was received. LUNC and USTC price hitting higher.
🔥🔥🔥 GMT TOKENOMICS AND THE IMPACT OF BURNING 600M TOKENS: 🚀
GMT (Green Metaverse Token) is the native utility token of the STEPN ecosystem, designed for governance and rewards within its fitness-to-earn model. The tokenomics of GMT are structured to balance supply and demand through distribution, staking rewards, and periodic token burns. This approach aims to ensure long-term sustainability and prevent inflationary pressure.
GMT has a total supply of 6 billion tokens, distributed across categories like team allocations, ecosystem growth, private sales, and public sales. A significant portion is allocated to user incentives, encouraging engagement within the platform. Periodic token burns are critical to the ecosystem, as they permanently remove tokens from circulation, reducing the overall supply.
Burning 600 million GMT tokens would have a substantial impact. It directly decreases circulating supply, leading to a potential price appreciation by increasing scarcity. Such burns also reflect a commitment to maintaining token value, attracting investors and bolstering community trust. Additionally, reduced supply enhances long-term viability by countering inflationary risks, especially as demand for GMT grows with user adoption.
In essence, burning 600 million GMT showcases the STEPN team's proactive measures in managing token economics. This move aligns with their strategy to balance ecosystem rewards while maintaining token value, securing its position in the fitness-to-earn and crypto spaces. #BURNGMT @GMT DAO $GMT
