With the strong performance of SAND in the GameFi sector today, overall, there are currently no significant new hot spots in the GameFi sector. However, as a company that once created a hundred-fold myth, GMT has seen trends again after pioneering the “earn while running” model, which is worth paying attention to. Perhaps this trend can bring new opportunities to $GMT GMT, and there may be good growth potential in the short term.

What is GMT?

GMT is a popular project launched by Binance Launchpad. With its deep ecological foundation and extensive user support, it has always attracted much attention. With the launch of the BURNGMT voting plan by GMT DAO, the future fate of 600 million GMT is decided by users. This is not only an important milestone in the development of the ecosystem, but also provides the market with an opportunity to re-examine GMT.

The ecological power of GMT DAO: the combination of blockchain games and innovation

GMT's usage scenarios have deeply penetrated into multiple GameFi and blockchain products.

STEPN and STEPN GO are the core application platforms of GMT, covering more than 6 million users and burning more than 800 million GMT.

MOOAR cross-chain NFT marketplace, supporting NFT transactions and AI generation through GMT.

DOOAR cross-chain DEX uses GMT as the handling fee and core trading pair tool.

Strategy GameFi products such as Gas Hero and Morchi also incorporate GMT into their key ecosystems.

In addition, the FSL ID function provided by GMT DAO allows GMT to be used in scenarios such as registration and earning points through interaction, further expanding the user base. GMT's full-link layout not only enhances the utility of its tokens, but also injects vitality into the entire ecosystem.

Burning Mechanism Analysis: 600 Million GMTs Vote for Fate

The BURNGMT plan is an important decision initiated by GMT DAO. The key highlights are as follows:

Lock-up voting period: November 21, 2024 to January 20, 2025, lasting 60 days.

Voting goal: Decide whether to burn the 600 million unlocked GMTs repurchased by the team, which originally belonged to investors and consultants.

User Rewards: During the voting period, 100 million GMT will be shared as rewards to encourage users to actively participate in ecological governance.

Through voting, GMT’s circulation model will change significantly. If the vote is passed, these 600 million GMT will be completely destroyed, and the amount of GMT released in the next six years will be significantly reduced, leaving only 27% of the ecological fund that has not been unlocked.

The far-reaching impact of lock and burn

Reduced liquidity and improved supply-demand balance

Large-scale burning will directly reduce the circulation and increase scarcity. During the lock-up period, a considerable portion of GMT liquidity will be removed, and the reduction in market supply may drive prices up.

Daily dividend calculation and user incentives

Users who lock up their positions will not only have the opportunity to share 100 million GMT, but also benefit from the market heat. The lock-up dividends are allocated based on the lock-up amount and time. The higher the user participation, the richer the dividends.

Positive feedback from market sentiment

GMT's lock-and-burn mechanism demonstrates the team and community's long-term confidence in the ecosystem, which may attract more institutions and users to enter and inject momentum into GMT's market performance.

Long-term stress relief

Through burning and voting, GMT has taken a key step towards a full circulation model. With 600 million tokens destroyed, the market's concerns about unlocking pressure will be greatly reduced.

How do ordinary users participate?

As a common user, you can take advantage of this opportunity by following these steps:

Follow the activity dynamics: Keep track of the updates of GMT DAO and make sure to participate in the lock-up voting within the limited time.

Weighing risks and rewards: When participating in lock-up, you need to consider your own financial situation and position strategy, and use daily dividends to increase your income.

Social sharing increases income: Expanding the popularity of topics through social media can not only promote community development, but also increase the number of views of personal posts and strive for higher rewards.

Future Outlook of GMT DAO

Through the BURNGMT plan, GMT has fully demonstrated the charm of decentralized governance and injected new vitality into its ecosystem. Whether it is the partner layout of core applications such as STEPN, or the team's deep cultivation of the long-term development of the ecosystem, it shows that GMT is accumulating strength for future explosions.

Through this voting and burning plan, GMT will not only become the focus of the market, but also provide users with a wealth opportunity. Looking to the future, the potential of GMT will continue to be released in ecological innovation and community cohesion.

Summary: Join the new chapter of GMT and participate in defining the future of the ecosystem

This 60-day burning vote not only concerns the fate of 600 million GMT, but also is an opportunity for users and the ecosystem to write the future together.

Whether you are a veteran investor or a novice user, you can contribute to the ecosystem and share the dividends and potential by participating in GMT DAO’s BURNGMT program.

Let us wait and see the dawn of a new era for GMT! #GMT投票燃烧计划 @GMT DAO $GMT