As Bitcoin approaches $100,000, funds are overflowing. GMT has been sideways at 0.15 for nearly half a year. With the alt season that may start at any time, there is a positive news that 100 million US dollars have destroyed 600 million GMT. It has reached the best entry point. Buy in positions and wait for the climax of voting and destruction. The blockchain game sector is rising against the trend. It is not just gamefi that can make money!
From the data given by the FSL official website, it can be found that among the 2.9 billion tokens currently in circulation, nearly 800 million tokens have been burned in the past few years. And according to the BurnGMT plan this time, there will be another 600 million GMT tokens to be burned.
If this vote is successful, the tokens in circulation in the market will become more scarce. At that time, the remaining selling pressure will mainly come from the Move to Earn token rewards issued at a rate of 2.5% per year, as well as the tokens released by the foundation. Once the BurnGMT plan is voted successfully, the GMT token chip structure will undergo a particularly large and earth-shaking change!
If the number of locked positions can reach 100 million within 60 days, 60 million tokens of the advisor share to be unlocked in the next 10 months will be burned.
If the number of locked positions can reach 500 million within 60 days, 170 million tokens of the team share to be unlocked in the next 10 months will be burned.
And if the number of locked positions reaches 900 million within 60 days, 370 million tokens of the investor share to be unlocked in the next 10 months will be burned.
