Today, we are talking about a token that is very familiar to old users in the crypto circle. This token once changed the fate of some friends in my circle; at that time, its STEPN was very popular, and one of my friends earned 3 million in just two months. This is also one of the reasons I feel anxious in this bull market; sometimes when luck comes, making money is really easy.
He is --$GMT
Market Performance and Potential
Currently, the price of GMT is $0.1889, with a decline of -13.02%. From the monthly chart, GMT is almost at the bottom price, and the high point has a significant pullback, indicating that this token was once very brilliant. Strong tokens are likely to become strong again after sufficient time for adjustment. Even in a bear market, there are still tokens with potential, not to mention that the recent altcoin market is stirring.
GMT Ecosystem
The GMT ecosystem is very rich, not only with price surge operations but also various practical applications. Especially today, CZ's speech allows us to see the huge potential of blockchain technology in building real applications, which is a great benefit for tokens like GMT.
Introduction to GMT's Ecosystem
STEPN: A Web3 lifestyle app that combines Game-FI and Social-FI elements, encouraging users to earn tokens and mystery boxes through outdoor activities.
STEPN GO: Based on the success of STEPN, it has completely transformed the way social fitness is integrated into daily life. Users can purchase or rent sneakers and earn rewards by staying active, which can be used to upgrade, redeem, or customize their online avatars.
Dooar: A multi-chain decentralized exchange that uses smart contract technology for cryptocurrency trading without external custody, thereby promoting liquidity and trading within the FSL ecosystem. Dooar charges a 1% transaction fee to support the growth and development of the FSL ecosystem.
MOOAR: A marketplace for creating and trading NFTs, providing primary and secondary markets for NFT trading, protecting the ecosystem from unnecessary third-party trading fees.
GASHERO: An innovative game that combines strategy, gaming economy, and blockchain technology, suitable for players who enjoy strategic gameplay and asset management.
FSL ID: A Web3 identity system launched by Find Satoshi Lab (FSL), designed to provide users with a unified and secure identity verification service, becoming an important entry point connecting the FSL ecosystem and more Web3 applications.
Key Data
STEPN's global user base exceeds 5.6 million registered users, covering over 200 countries; the highest daily active users exceed 1 million.
Dooar's daily trading volume has ranked first on the Solana network multiple times; with over 460,000 monthly active users; supporting cross-chain trading of various tokens and assets.
MOOAR serves FSL users and the broader NFT community; supporting Solana, Ethereum, and the Matic network.
MORCHI is a pet-raising game built on Polygon; the first batch sold out very quickly; combining elements of GameFi and SocialFi.
GAS HERO platform trading volume has reached over 550 million GMT.
Partners and Background
GMT is a popular project that was launched on Binance Launchpad. GMT DAO is the ecological fund of the GMT token, which is widely used in various products, such as the GameFi product STEPN with over 6 million users and STEPN GO. In addition, GMT has long-term cooperative relationships with well-known companies such as Casio, ASICS sneakers, and Adidas.
Future Outlook
After repurchasing the unlocked GMT from investors and advisors, the GMT team donated 600 million GMT to @GMT DAO . BURNGMT is initiated by GMT DAO; through a 60-day lock-up voting from November 21, 2024, to January 20, 2025, users can decide whether to burn these 600 million GMT and share 100 million GMT as participation rewards during the voting process. Thus, in the next six years, only 27% of GMT related to move2earn and ecosystem funds remain unlocked, reaching a fully circulating state.
Conclusion
The future release quantity of GMT is low, with only 27% released over six years, making the token circulation relatively healthy and a good investment portfolio. This token's characteristic is its rapid price surge; as long as you exercise patience and do not short it easily, waiting for its breakout, you will definitely thank it.