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As whales are closely watching $GMT for a perfect entry point. Once they act, the price of $GMT could skyrocket, increasing the value of your $100 investment to $2 million.
The GMT DAO, a decentralized community of $GMT token holders, has launched the GMT Burn Initiative to support sustainable tokenomics and community governance. This initiative allows holders to vote on burning up to 600 million GMT tokens, valued at $100 million, through a transparent and collaborative process.
The GMT DAO empowers its community by offering decentralized governance. With this initiative, GMT holders can directly influence the token’s future, fostering transparency and long-term growth. Participants can visit burngmt.com to lock their tokens and vote on key proposals, including the burn initiative. In return, they receive an exclusive soulbound NFT, the "Make GMT Great Again Red Hat," which tracks voting activity and airdrop rewards.
Key features of the initiative include:
Lock and Vote: GMT holders can lock their tokens and vote on major decisions, earning a unique NFT documenting their participation.
Earn Rewards: Over 60 days, the DAO will distribute 100 million GMT as rewards based on achieving key milestones.
On-Chain Transparency: All votes are recorded on the blockchain for verifiability and transparency.
Regular Voting Cycles: This initiative introduces ongoing engagement, with quarterly votes shaping the ecosystem’s future.
The burn initiative aims to reduce $GMT’s circulating supply, creating lasting value for holders and supporting the DAO’s vision of a sustainable, innovative token economy driven by community involvement.
GMT plays a key role in the FSL ecosystem, powering various applications, including:
STEPN: In-app transactions and rewards
Gas Hero: Trades and NFT upgrades
MOOAR: Item trades and raffle mints
STEPN GO: Sneaker purchases and app features
GMT operates across multiple blockchains, including Solana, BNB Chain, Ethereum, and Polygon, continuously expanding its utility.
In conclusion, the GMT Burn Initiative marks a new era of community involvement in the Web3 space. By voting to burn up to 600 million tokens, GMT holders have the opportunity to shape the future of the token and influence the ecosystem's direction. Voting is now live at burngmt.com.#BURNGMT @GMT DAO