GMT is about to burn up to 600 million tokens!!! Worth up to 1.2 billion USD!!!
And there will be an airdrop of 100 million GMT as rewards! An airdrop of GMT worth 200 million USD!!!
STEPN Introduction: STEPN is a blockchain-based “move-to-earn” game where users earn tokens (GMT) and NFT shoes by walking or running. It combines the concepts of a healthy lifestyle, NFTs, and DeFi, aiming to incentivize people to participate in physical activities through gaming.
BURNGMT Voting Plan is initiated by GMT DAO, and the limited voting period for BURNGMT is from November 21, 2024, to January 20, 2025.
The tokens to be burned are 600 million GMT donated to GMT DAO after the GMT team repurchased the unlocked GMT from investors and advisors! This demonstrates the strong financial strength and ambition of the GMT team!
In the past, GTM has already burned 13% of the tokens, and the burngmt plan - 600 million GMT soft lock-up is ready for voting burn, accounting for 10% of the total.
Burning Trigger Mechanism: The burn mechanism is triggered by the voting results of the community. Users participate in voting by locking up GMT to decide whether to burn these repurchased tokens. If the majority of users vote in favor, these tokens will be burned.
Voting Lock-up Mechanism: To participate in BURNGMT voting, users need to lock up a certain amount of GMT tokens.
Return Rate: During the voting process, 100 million GMT will be shared as participation rewards, meaning that users participating in voting may receive additional GMT tokens as rewards. The specific return rate will depend on the number of participants, voting results, and the final amount of incentives distributed.
GMT Team Background Strength: GMT is part of the STEPN project, and the STEPN team has a certain reputation in the cryptocurrency and blockchain gaming field. They are the champions of the Solana Ignition Hackathon Gaming Track, showcasing their capabilities in the integration of blockchain technology and gaming.
