1 BLUM = 0.006035$
10k = 60$
This is a great airdrop to earn free dollars 💰
Don't miss this opportunity.
Here is some information about BURNGMT
In the dynamic world of cryptocurrencies @GMT DAO @STEPN | Public Beta Phase VI is grabbing headlines with its innovative BURNGMT initiative, a strategic vote to destroy 600 million GMT tokens. Running from November 21, 2024 to January 20, 2025, this community-led event reflects the team's commitment to decentralization, market stability and sustainable growth.
What is BURNGMT?
The GMT kill initiative sets a new standard for community engagement in the web3 ecosystem. By allowing holders to vote on the potential destruction of 600 million GMT tokens, The DAO underscores its commitment to decentralization and transparency.
BURNGMT allows GMT holders to vote on whether 600 million tokens should be destroyed. This massive pool of tokens comes from unblocked reserves originally allocated to advisors, investors and the team, which were transferred to the GMT DAO for community decision-making. Members stake their tokens to vote, their loyalty rewarded from a pool of 100 million GMT.
Why is this important?
1. Deflationary Tokenomics:
The destruction of 600 million tokens is a significant reduction in supply, potentially increasing the value of GMT. This is in line with GMT's long-term strategy to optimize token circulation and increase market confidence.
2. Community empowerment:
By giving token holders a voice in the issue of destruction, the initiative strengthens the decentralized governance of the GMT DAO and promotes greater community participation.
3. Impact on the market:
If successful, the cull would leave just 27% of GMT's total supply in circulation over the next six years, creating a tighter supply environment. Historically, reduced token liquidity has been correlated with higher prices.
Rewards for participation
BURNGMT event participants can share daily rewards from a pool of 100 million GMT. These rewards encourage long-term commitment, as dividends are distributed based on the number of GMTs locked up for voting. In addition, users get:
Daily passive income during the lock-in period.
Role in shaping the future of the GMT ecosystem.
How to participate
1. Access to the event:
Log in with Binance and go to the BURNGMT voting page.
2. Lock your tokens:
Choose how many GMTs to block and vote.
3. Monitoring of rewards:
Check your daily rewards and wait for the final result on 20th January 2025.
SUBSCRIBE US FOR MORE LATEST UPDATES
