GMT's first-day staking can reach an annualized rate of up to 1179%. Don't you know? GMT staking plan analysis
About half a month ago, the unlocked GMT tokens did not flow into the market, but were repurchased by the FSL team for about 600 million. Behind this move, there is a major plan-the burning plan of GMT DAO. Now, these 600 million tokens have been transferred to GMT DAO, and the burning rights are given to the members of GMT DAO. As long as the members of GMT DAO lock GMT tokens within 60 days, they can participate in the vote to decide the amount of burning.
Specific burning plan
Locked GMT up to 100 million: Burn 60 million GMTLocked GMT up to 500 million: Burn 230 million GMTLocked GMT up to 900 million: Burn 600 million GMT
Staking rewards
Get "Make GMT Great Again" NFT: This is a symbol of joining GMT DAO, and there may be additional benefits such as airdrops in the future. 100 million GMT will be distributed to NFT holders according to the lock-up ratio: the previous day's interest will be settled at 8 am every day, and the 1.66 million GMT of the day will be divided equally according to the total locked amount.
Analysis of staking income
According to preliminary calculations, the annualized return of staking on the first day is as high as 1179%. Although the coin price is not fixed, if the burning is successful, the coin price is expected to rise further. Therefore, the earlier you stake, the higher the yield.
Minimum staking amount: 100 GMT
Investment advice
Stake as early as possible: Since the daily interest is divided equally according to the total locked amount, the earlier you stake, the higher the yield. The annualized return on the first day is as high as 1179%, which should not be missed. Get NFT: At least make sure to get the "Make GMT Great Again" NFT, which is a symbol of joining the GMT DAO, and there may be additional airdrops or benefits in the future. Pay attention to market dynamics: Although the staking income is attractive, you still need to pay attention to market dynamics and GMT's price trend, arrange funds reasonably, and reduce risks.
Conclusion
GMT's staking plan not only provides investors with high staking returns, but also further enhances the scarcity and value of GMT through the burning mechanism. Investors should seize this opportunity to participate in staking as early as possible to obtain generous returns. At the same time, holding the "Make GMT Great Again" NFT is also an important step to join the GMT DAO, which may bring more surprises in the future.
