The GMT DAO has launched the #BURNGMT $GMT campaign, a significant initiative allowing the community to decide the fate of 600 million GMT tokens, valued at $100 million. These tokens, repurchased from early investors, advisors, and team members, are now subject to a community vote to determine whether they should be burned, thereby reducing the total supply and potentially increasing the token's value.
Participation Process:
Lock Tokens: Participants are required to lock their GMT tokens for a 60-day period to gain voting eligibility.Cast Vote: Decide whether to burn the 600 million repurchased GMT tokens.Earn Rewards: Participants share in a 100 million GMT reward pool and receive exclusive perks, such as the 'Make GMT Great Again' NFT. Binance
Impact of Burning 600 Million GMT Tokens:
Scarcity: Reducing the circulating supply can create scarcity, potentially increasing the token's value over time.Decentralization: Removing early allocations enhances decentralization and aligns the ecosystem more closely with community interests.Ecosystem Growth: A strategic burn supports long-term growth and stability, benefiting both current and future holders.
How to Participate:
Verify Eligibility: Ensure you hold GMT tokens in your wallet.Access Voting Platform: Visit the official GMT DAO voting portal.Lock and Vote: Lock your tokens and cast your vote on the token burn proposal.Claim Rewards: After the voting period, unlock your tokens and receive your share of the reward pool.
Additional Campaign:
Alongside the voting initiative, GMT DAO is hosting a hashtag campaign on Binance Square, offering participants the chance to win up to $10,000 in GMT tokens. To participate, follow @GMT DAO on Binance Square, create original content with the hashtag #BURNGMT, and share your insights about the GMT Burn Initiative. The top 50 posts based on engagement will share the rewards.
This campaign represents a pivotal moment for the GMT ecosystem, emphasizing transparency, community involvement, and a commitment to sustainable growth.
