As an important activity of the GMT ecosystem, the BURNGMT plan not only plays a key role in the core ecosystem of STEPN, but also has attracted widespread attention in the global GameFi and encryption fields. If you are a GMT holder or are interested in its ecosystem, this article will comprehensively analyze the gameplay and potential value of the BURNGMT plan, and reveal investment opportunities and return strategies for you.

1. Why participate in the BURNGMT project?

GMT (Green Metaverse Token) is the core token of the STEPN ecosystem and has become a benchmark in the GameFi and Move2Earn fields. The BURNGMT plan aims to reduce market supply and enhance the scarcity of GMT through a repurchase and destruction mechanism, while providing generous rewards to participants.

Key highlights:

  • Reduce circulation: The team plans to repurchase and destroy 600 million GMT to increase scarcity and enhance market value.

  • High rewards: Staking participants can receive daily GMT rewards, totaling up to 100 million GMT.

  • Long-term benefits: Optimize token distribution through the destruction mechanism, further promote market stability and value growth.

For holders, the BURNGMT plan is not only an action to support the GMT ecosystem, but may also bring actual returns.

2. GMT team and ecological layout

The team behind GMT is well-known for the STEPN project, and its influence in the global GameFi field cannot be ignored. The team attracted more than 6 million users in a short period of time and reached cooperation with international brands such as Adidas and Casio, demonstrating strong market control.

Ecological core products:

  • STEPN: A fitness rewards platform based on the "Move2Earn" concept, allowing users to earn GMT through exercise.

  • MOOAR: A cross-chain NFT marketplace where users can purchase or generate NFTs using GMT.

  • DOOAR: A cross-chain decentralized trading platform that supports GMT payment and liquidity provision.

  • FSL ID System: Ecosystem user identity verification tool, GMT is widely used in many GameFi products.

Through the operation of the GMT DAO ecological fund, the team further expanded the use scenarios of GMT and enhanced the long-term value of the token.

3. BURNGMT Program Rules and Participation Methods

The core of the BURNGMT plan is voting and locking. The entire activity will last for 60 days (November 21, 2024 to January 20, 2025).

Participation process and reward mechanism:

  1. Lock-up voting: Users lock up GMT for 60 days and vote on whether to destroy 600 million GMT.

  2. Reward distribution: 1.67 million GMT rewards will be distributed daily, totaling 100 million GMT.

  3. Destruction mechanism: After the voting results meet the requirements, the team will implement a 600 million GMT destruction plan to reduce market supply.

Steps:

  • Prepare GMT: Purchase at least 100 GMT on P-Chain or other trading platforms.

  • Participate in staking: Stake GMT on the BURNGMT voting page and submit your vote.

  • Receive rewards: After the lock-up period ends, receive rewards according to the rules and witness the destruction results.

4. GMT Token Distribution and Unlocking Dynamics

According to the current token distribution, there are still some unlocked tokens in the hands of the team and early investors. The destruction of these tokens will significantly reduce market pressure and improve the circulation supply and demand relationship.

  • Destroyed: The team destroyed a portion of GMT through early activities.

  • Planned destruction: An additional 600 million tokens will be destroyed through BURNGMT voting and lock-up.

This will make GMT's circulation model healthier and create conditions for long-term growth in token prices.

5. Why choose to participate now?

The BURNGMT plan is not only a self-upgrade of the STEPN ecosystem, but also a strategic opportunity for GMT token holders. By locking up and participating, you will directly affect the market value of GMT and enjoy the dividends brought by long-term ecological expansion.

Conclusion: Grasp BURNGMT and win in the future
The BURNGMT plan opens a new chapter in the development of the GMT ecosystem. If you are optimistic about the potential of the STEPN ecosystem, this will be a great opportunity to increase the return on your GMT investment. Reducing circulation, strengthening value, and harvesting rewards all make the BURNGMT plan attractive.

Join the BURNGMT program now to make your GMT more valuable and witness the brilliant future of STEPN and GMT with the global community. #GMT投票燃烧计划 @GMT DAO $GMT