The blockchain gaming sector is rising against the trend, and earning money is not just limited to gamefi; there’s also move to earn. Today, let's explore which sectors are worth investing in for potential doubling or even multiple returns after the capital overflow:
First recommendation: $GMT
STEPN is a 'Move to Earn' game running on the Solana blockchain, allowing players to earn tokens GST or GMT by walking, jogging, or running outdoors, thus increasing their income.
The wealth effect from the previous round still excites Lao Ai, especially the performance of GMT from the end of 2023 to the beginning of 2024, which injected a lot of new capital into the crypto space.
This round, when Lao Ai mentions him, it must be due to a new breakthrough idea.
On November 19, at STEPN's official Townhall event, GMT team co-founder Yawn announced that the GMT team has successfully repurchased approximately 600 million GMT tokens.
The voting platform developed by them, http://BurnGMT.com, will officially launch on November 21, allowing users to lock up GMT tokens to vote on whether to burn the 600 million GMT tokens repurchased by the team between November 21, 2024, and January 20, 2025.
📌 For ordinary users, this is like killing two birds with one stone.
According to data from the official FSL website, it can be queried that nearly 800 million of the 2.9 billion circulating tokens have been burned over the past few years. According to this BurnGMT plan, 600 million GMT tokens will be burned.
Once the vote is successful, the circulating tokens in the market will become scarcer, and the remaining selling pressure mainly comes from the 2.5% annual Move to Earn token rewards and the foundation's token releases. If the BurnGMT voting plan is successful, then the token structure of GMT will undergo a tremendous change!
Locking up 100 million within 60 days
Burning 60 million of the consultant shares that will be unlocked in the next 10 months
Locking up 500 million within 60 days
Burning 170 million of the team shares that will be unlocked in the next 10 months
Locking up 900 million within 60 days
Burning 370 million of the investor shares that will be unlocked in the next 10 months
Trading plan:
After the trend line breaks 0.26, plan to enter on the pullback at that point
Do not chase pressure but keep long-term attention
The support below 0.15 must be a key focus position