GMT DAO is an independent organization of GMT holders dedicated to overseeing the future of GMT through transparent and community-led governance. The establishment of the DAO represents a commitment to give GMT holders a say in key decisions ranging from token management to ecosystem development. @GMT DAO

GMT lies at the heart of the FSL ecosystem. Earned exclusively in Step, the token plays a vital role across all FSL products. GMT runs on four blockchains — Solana, BNB Chain, Ethereum, and Polygon — and is used on GasHero, to trade items and burn NFT upgrades. On MORE, all items can be traded using GMT, and it is also at the heart of primary sale raffle mints with key partners, and is used to purchase the newly launched Stephen Go sneakers and perform various app functions.

In the market context of BTC breaking new highs, as the absolute leading project in the GameFi track, combined with the fact that STEPN and the team behind GMT had previously injected large-scale liquidity into the GMT token pool and conducted three rounds of large-scale airdrops to the community totaling 200 million GMT tokens, after this move, GMT will enter a state of near full circulation (excluding approximately 2.5% of Move2Earn reward shares and foundation share unlocking each year), which may also highlight the team's ambition in the new round of bull market - to seek greater development space with better token market performance, and to open up new growth points for the project while giving back to the community.

The GMT burn plan demonstrates GMT DAO's dedication to transparency, effective governance, and sustainable management of its token ecosystem. This community-centric strategy aligns with the DAO's mission to shape the future of GMT in a collaborative and responsible manner.

Working principle:

  1. Locking and Voting: GMT holders can participate by visiting burngmt.com, where they can lock their tokens and vote on various proposals, including the first-ever “GMT Burning Plan.” Participants will receive an exclusive soul-bound “Make GMT Great Again” Red Hat NFT as recognition of their participation. This NFT will record metadata detailing claimed and eligible airdrops, as well as votes cast.

  2. Get Rewards:  At the end of the 60-day voting period, 100 million GMT will be distributed as rewards to participants, depending on the milestones achieved by the participants.

  3. On-chain transparency: The voting process is recorded on the blockchain and anyone can verify the results, ensuring the integrity and transparency of every decision.

  4. Regular Voting Cycles: This burn is just the beginning. The GMT DAO will launch new proposals and voting cycles every quarter, giving holders regular opportunities to shape the future of GMT through gmtdao.com.

  5. The plan highlights a forward-looking approach to ensuring a sustainable future for GMT, with a focus on innovation and community engagement. The GMT DAO is steadfast in its commitment to true decentralization, enabling GMT holders to influence its trajectory. By voting on key proposals such as major token burns, the DAO highlights the power of community engagement and its commitment to fostering a strong, thriving ecosystem.

  6. The GMT Burn Program marks a critical moment in the evolution of GMT, empowering every holder to have their say. The vote officially launched at 100 GMT on burngmt.com, calling on all GMT holders to participate in defining the future of the token.

After all, combined with the 800 million GMT data consumed by users in STEPN in the past two years, GMT is expected to become "the first fully circulated Binance Launchpad token", which will bring a new wave of market attention and potential buying to GMT. #GMT投票燃烧计划