《BURNGMT Gameplay Full Analysis》
BURNGMT is a project with unique mechanisms and gameplay. Below is a detailed tutorial on its gameplay.
First, there is the voting lock-up mechanism. Participants must lock up their assets for 60 days at once, until January 20, 2025, when Trump is inaugurated. During these 60 days, the principal rewards will be distributed after the period ends, and there are very attractive reward settings. There is a fixed daily reward of 1.67 million GMT, with a total reward pool of up to 100 million GMT waiting for participants to share.
The GMT burned at the voting stations comes from a special source. The team spent 100 million dollars to repurchase all the shares of early advisors, team members, and investors that were not unlocked, totaling 600 million GMT. These will serve as the source of GMT for the voting burn.
Regarding the mechanism for triggering the burn, when the number of votes reaches a certain standard, the team will destroy the corresponding GMT according to the rules of BURNGMT.com. This website will continue to operate, providing a transparent and stable platform for displaying and executing the rules of the entire burning mechanism.
The current return rate is also quite considerable. After the lock-up period ends, the total distribution of GMT will change to 900 million locked, 600 million burned, and 100 million GMT for staking rewards. This structural change will have a profound impact on the value of GMT, and it also provides participants with potential value appreciation space.
To participate in BURNGMT, operations must be done on the P chain, and the minimum participation threshold is 100 GMT. Participants will receive a Little Red Riding Hood NFT staking certificate. This certificate not only serves as proof of participation but may also have more applications and value in the subsequent project ecosystem. Whether for long-term holders of GMT or users seeking new investment opportunities, BURNGMT offers an innovative and potentially rewarding way to participate, worthy of in-depth study and exploration.
