What is the Role of Voting Burn Mechanism in 60 Lock Period and 100M GMT Reward Pool?
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Voting Burn Mechanism worked as an inventive way of governance and economics of the token with aim of achieving productive engagement and compensating active users of the token. This is an asymmetric relationship where one side allows the proposal and the other, the side with the token, casts votes intending to make decisions on the future of the platform. In this process of voting, the tokens spent are part of the voted tokens for a proposal and an answer is gained by the burning of the tokens in circulation eventually increasing the remaining ones in circulation.
60-day lock period is a critical feature of the proposal. During the process of voting, all tokens that were voted for, in this case voting for the participants themselves, are locked for a period of 60 days. For the duration of this period all participants are not able to transfer any tokens acting as
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