It has fallen so much now. It is hard to imagine what will happen when hundreds of millions of tokens are pledged and unlocked on January 20. Fortunately, the contract was hedged when staking. It is very uncomfortable for those who did not obey and open the hedge. I don’t know whether the dealer will pull the market before unlocking. This pledge burning activity has been suppressed for too long. I said at the time that if you participate, you can open the hedge. If you don’t participate, buy the spot and wait for the dealer to pull up, and then sell it directly at the high point, and go directly to the band GMT
#GMT投票燃烧计划
$GMT

Major Event!
Trump's policies may be hindered upon taking office, BTC is in the process of becoming a strategic reserve currency for the United States.
Everyone is paying attention, it concerns your wallet!
Due to the influence of the United States, a certain Eastern superpower is very likely to completely open up the cryptocurrency market next year!
Currently, the Eastern superpower's attitude towards cryptocurrencies has shifted, three years of resistance have not been able to stop the crypto tide, and it is highly likely that the Eastern superpower will officially enter the crypto fast lane next year! Stimulated by Trump's policy to make BTC a strategic reserve, the Eastern superpower will vigorously develop the crypto market!

I have locked up 1,000,000 GMT, and surprisingly, I earn 2,000 USD in interest every day.

If it continues like this for a year, that would be worth a total of 730,000 USD, worth 5 million!

Popular projects that have been launched on Binance Launchpad, users participate in voting to share 100 million GMT!

Lock-up period: From now until January 20, 2025.
Daily earnings: Locked users will share 1.66 million GMT daily, worth 330,000 USD.
Burning mechanism:
Locking 100 million, the official will repurchase and burn 60 million.
Locking 500 million, the official will repurchase and burn 230 million.
Locking 900 million, the official will repurchase and burn 900 million.

The time for BURNGMT voting is usually set by the platform for a
fixed period, such as opening a voting window once a week or once a month.
Users must participate within this time frame; if they miss it, they will have to wait for the next round.
After voting ends, GMT DAO will distribute GMT token rewards and limited edition running shoes to community members based on voting shares and reward rules. Please pay attention to GMTDAO's official announcements and reward distribution schedule.

The number of GMT locked by users and the duration will directly affect their voting rights and final token rewards. The more GMT locked, the more the proposed burn amount of GMT, and the more rewards received.

GMT team founder Yawn detailed the situation of this token repurchase in the official event, emphasizing that 600 million GMT primarily comes from early investors and unblocked tokens from advisors.

During the event period (November 21, 2024, to January 20, 2025), users can participate in voting by locking GMT tokens on the Polygon chain to decide whether to burn the 600 million GMT repurchased by the team.

The future of GMT tokens is undoubtedly full of infinite possibilities. With the burning of 600 million tokens and the NFT background, GMT is about to explode.
$GMT is about to start, a hundred times is about to set sail!
#GMT投票燃烧计划

A big explosion of copycats: GMT actually took the initiative to sell 600 million! As high as 120 million US dollars!

Let's talk about the project first:

$GMT is the governance token of the once popular running shoe project STEPN. STEPN GO has gone a step further on the basis of STEPN's success and completely changed the way of social fitness. The application combines social and sports elements. After players obtain NFTs, they can get rich token rewards through exercise or renting shoes. The number of players is as high as six million!

Not only that, the GMT ecosystem is also very complete. The decentralized exchange DOOAR independently developed by FSL has a monthly activeness of 460,000 and has been ranked first in the Solana network many times. It also created the NFT platform MOOAR that integrates launch and trading. GMT DAO is a foundation created by GMT holders. It manages the GMT ecological fund through on-chain voting to ensure that decisions are made based on the collective opinions of the community

Recently, the FSL team launched a destruction proposal to make GMT great again! It is proposed to repurchase all 600 million $GMT from the original consultants and investors and transfer them directly to GMT DAO! Now, the fate of this batch of tokens is handed over to the community, and the community will vote to decide how much to burn! ! The circulation quantity is about 3 billion, and destroying 20% ​​is undoubtedly a super positive!

The voting lock date is from November 21st to January 20th, 2025, for 60 days. After the expiration, all locked tokens will be unlocked and returned. So how should we play?

Just lock your GMT through the burngmt.com website to vote. In the end, the more you lock, the more you will destroy. According to the published data, it is as follows

Lock 100 million $GMT and burn 60 million.
Lock 500 million (a total of 600 million) and burn 230 million.
Lock 900 million (a total of 900 million), and burn all 600 million!

At present, nearly 170 million have participated in the lock vote.

Of course, there are corresponding rewards for locking in voting. This vote will give out up to 100 million GMT as rewards. Participating in the vote will automatically receive a limited edition NFT, which will record your locked amount and how many airdrop rewards you can get. The more you lock, the more you get! #GMT投票燃烧计划

Freebie seekers, look here! Potentially over $200 per person

The popular project 05831369718 that launched on Binance Launchpad back in the day

Now users participate in voting to share 100 million GMT

If 100,000 people participate in voting to share 100 million GMT, then each voter can receive 1,000 GMT, worth over $200!

BURNGMT voting gameplay analysis

1. What is the limited time?
The voting time for BURNGMT is usually a fixed period set by the platform, such as opening a voting window weekly or monthly. Users must participate within this time frame; missing it means waiting for the next round.

2. Whose coins are burned?
The voting mechanism burns the tokens held by the users themselves, specifically the 05831369718 token. Users need to actively submit their tokens to the burn pool as a way to express support for specific options or projects.

3. What triggers the burn mechanism?
The burn mechanism is triggered by the user's voting behavior. After the voting ends, the system will destroy a corresponding number of 05831369718 tokens from the circulating market based on the number of votes cast by users. This mechanism aims to reduce the token supply and increase scarcity.

4. What is the voting lock-up mechanism?
When participating in voting, users need to lock up GMT in a specific contract; the lock-up period typically unlocks after the voting period ends. The lock-up mechanism ensures that users do not withdraw tokens during the voting period and guarantees the validity of the voting behavior.

5. What is the return rate?
The return rate is usually set by the platform or project party and may include various forms:

Token rewards: Users receive a certain proportion of reward tokens based on the number of votes cast.

NFT or exclusive rights: Voters may have the opportunity to receive limited edition NFTs or platform privileges.

Price growth potential: The burn mechanism reduces the token supply, which may indirectly enhance the market value of GMT, bringing potential gains to long-term holders.

Specific return rates vary based on platform activities and market conditions; users should assess whether to participate based on returns and burning costs.

Only old coin enthusiasts may remember

The running shoes that were all the rage in the crypto world

Just by moving your feet and taking a walk, you could earn money

Making countless people rich, with daily earnings reaching over 1000 U

This once wildly popular project (GMT) is back with a new gameplay; now, participants in GMT voting and locking can earn rewards of over 200 U daily. If you’re unsure about how it works, please read the following content carefully:

1. Detailed process for voting to share 100 million GMT

Locked voting: Users lock a certain amount of GMT as the basis for voting weight. The amount and duration of the lock determine the voting weight; the more you lock and the longer the time, the higher the weight.

Weight calculation: Voting weight is calculated based on the product of the amount of GMT locked and the duration of the lock.

2. Limited time

Each round of voting activities has a fixed limited time, usually 7 days or 14 days, set by the platform. During the limited time, users can participate in voting, but after voting ends, they will not be able to continue participating in that round and must wait for the next one.

3. Whose coins are being burned

The unallocated portion of the user's locked assets: After participating in voting, a portion of the locked GMT that is not used for reward distribution will be destroyed, reducing market circulation.

Platform sets additional burn: In some activities, the platform may set an additional burning mechanism to destroy GMT from activity earnings or reserves to further enhance the deflationary effect.

4. Mechanism triggering the burn

Threshold for voting volume: When the total voting volume reaches a preset threshold (such as total locked amount reaching 100 million GMT), the burn is triggered.

Dynamic trigger: In some activities, the burning mechanism may be dynamically activated based on daily voting participation.

5. Voting lock mechanism

Lock duration and weight: The longer the lock period, the higher the voting weight, so users need to choose the lock duration based on their strategy.

Extending the lock period: Some activities may require extending the lock period after voting ends to further reduce market selling pressure.

6. What is the return rate

Number of participants: The fewer participants, the higher the reward ratio for each user; early participation often yields higher returns.

Total voting volume: When the total locked volume is high, the rewards per unit voting weight are lower, and competition becomes more intense.

Isn't this a scam?
There are many people in the square who are posting GMT to share 100 million activities
Some people say that they can get 50 U for free after staking and voting.
I don't believe it
So I downloaded the Little Fox Wallet and staked 5,000 GMT
Today is the third day and the total income is 110U! It's not 50U at all. Later, I thought about it and it must be that the staking time is not enough or the amount of staking is not as much as I am.

Later, many fans asked me what this voting method is. I figured it out after staking. Now I will tell you:

BURNGMT voting method analysis

1. Limited time: Each round of voting activities has a clear time window, and users must participate within this time, otherwise it will be considered as giving up.

2. Whose coins are burned: What is burned are the GMT tokens submitted by users when participating in the voting. These tokens are permanently destroyed to support the voting goals or platform ecology.

3. The mechanism of triggering burning: The triggering of burning depends on the user's voting behavior. When the user locks the token to vote for a project or goal, the system will automatically destroy the same amount of tokens.

4. Voting lock-up mechanism: The GMT tokens used for voting will be locked for a certain period of time. After the lock-up period, they may be returned or destroyed, depending on the platform rules.

5. Rate of return: The return includes GMT rewards, improved user rights or ecological governance rights. The specific rate of return depends on the voting target and the scale of lock-up, and the income has a certain volatility. #GMT投票燃烧计划 $GMT

GMT Staking First Day Annualized 1179%
Not knowing is one thing, but when you calculate it, it’s shocking:
In less than a month, GMT has risen by 90%. That’s not all, this time in the BURNGMT event, the minimum staking amount is 100 $GMT. Just cast 1 vote to receive a small red hat NFT. stepN has always been proactive, repurchasing and burning, and locking up rewards, the vision is really big!

GMT is a popular project that was launched on Binance Launchpad. GMT DAO is the ecological fund for the GMT token, which is widely used in various products by users, such as in the GameFi product STEPN and STEPN GO, which has over 6 million users, where GMT is heavily utilized and 800 million have been burned.

How to participate in voting and receive rewards?

1. Log in to the platform: From November 21, 2024, to January 20, 2025, log in to the BurnGMT.com website.

2. Connect wallet: Connect the wallet that holds GMT tokens on the Polygon chain to the platform.

3. Lock GMT: Lock a certain amount of GMT tokens through the wallet to obtain voting shares. The larger the locked amount and the longer the time, the more voting rights and subsequent rewards you will receive.

4. Participate in voting: Use the voting shares obtained from locking to vote on whether to burn the 600 million GMT tokens repurchased by the team.

5. Wait for rewards: After voting ends, no further action is needed; just wait for the 60-day lock-up period to end, and the platform will airdrop the corresponding GMT token rewards to users' wallets based on their voting shares and lock-up status.

Detailed explanation of GMT lock-up amount and burn mechanism
Lock-up amount reaches 100 million GMT: The GMT share belonging to the advisory team will be burned.
Lock-up amount increases to 600 million (cumulative): In addition to the advisory team, the GMT shares belonging to team members will be further burned.
Lock-up amount reaches 900 million (cumulative): All repurchased GMT tokens, totaling 600 million, will be burned.

#GMT投票燃烧计划 @GMT DAO