The GMT DAO destruction plan is undoubtedly beneficial for the token market.

Firstly, the burn plan launched by GMT DAO is an innovative attempt aimed at deciding whether to burn the GMT tokens repurchased by the team through community voting. This initiative not only reflects GMT DAO's emphasis on community participation but also demonstrates its determination to promote the price increase of GMT tokens through on-chain governance.

Secondly, the implementation mechanism of the burn plan is designed quite ingeniously. Users participate in voting by locking GMT tokens, which not only directly affects the voting results but also allows them to earn additional GMT rewards. This mechanism not only incentivizes users to actively participate in voting but also enhances community cohesion. At the same time, by destroying repurchased GMT tokens, the number of circulating tokens in the market can be effectively reduced, potentially increasing the value of GMT tokens.@GMT DAO


Additionally, GMT DAO has fully considered the interests of users in the burn plan. Users who participate in voting can not only earn additional GMT rewards but also profit when the token price rises. This dual benefit mechanism further stimulates users' enthusiasm for participation and injects new vitality into the market performance of GMT tokens.



Whose coin is being burned?

The voting mechanism burns the $GMT tokens held by users themselves. Users need to actively submit their tokens to the burn pool as a way to express support for specific options or projects.



What is the mechanism that triggers the burn?

The burn mechanism is triggered by users' voting behavior. After the voting ends, the system will destroy the corresponding amount of $GMT from the circulating market based on the number of votes cast by users. This mechanism aims to reduce the token supply and increase scarcity.

Summary:

This amounts to $100 million, marking it as one of the most ambitious token burns in the web3 ecosystem.

The GMT Burn Initiative reflects GMT DAO's commitment to transparency, governance, and sustainable token management. This community-driven approach aligns with the DAO's goal of shaping the future of GMT in a responsible and collaborative manner.#GMT投票燃烧计划