Imagine that the tokens in your hand not only allow you to participate in sports and trading but also enable you to become a decision-maker influencing the project's future direction. This is not science fiction, but the reality of GMT! This time, the GMT ecosystem has launched the BURNGMT voting burn plan, inviting global users to collectively decide the fate of 600 million GMT tokens. This is not just a vote; it is a major action resonating among users, the community, and the ecosystem.
The fate of the 600 million tokens, generous dividend rewards, and far-reaching market impacts are all waiting for you to write. How does this vote work? What are its profound implications? Today, we will start from several core directions to easily analyze the gameplay of this voting activity and the economic logic behind it.#GMT投票燃烧计划
One. How does the BURNGMT voting work? Check out these key points!
Event schedule.
This voting event starts on November 21, 2024, and ends on January 20, 2025, lasting a total of 60 days. During this period, users can lock their GMT tokens to participate in deciding the final fate of 600 million tokens.
Whose tokens are being burned?
The 600 million tokens to be decided by the vote originally belonged to investors and advisors of the GMT team. The team donated them to GMT DAO through a buyback, and they are now entirely governed by the community. In other words, these tokens are decided by community votes rather than being assets of the users themselves; this transparent governance approach is quite innovative.
How does the voting lock mechanism work?
To participate in the vote, you need to lock your GMT tokens; this action not only represents your attitude towards 'to burn or not to burn' but can also bring you locking rewards. All participants will share a total of 100 million GMT rewards, with specific dividend ratios calculated based on individual locking amounts.
For example: If the total locked amount is 1 billion tokens and you contribute 10,000 tokens, you will receive a portion of the reward pool based on your proportion. In other words, the more you lock, the more you earn!
Two. The dual impact of locking and burning on the market.
Locking tokens reduces liquidity, helping to stabilize token prices.
If the community actively participates and locks up 600 million tokens,$GMT this will account for 10% of the total supply. Such a large proportion of locked tokens may reduce the circulating token volume in the market in the short term, alleviating the selling pressure. Reduced liquidity typically supports token prices, which is good news for long-term holders.
Long-term deflationary trend strengthens.
Assuming the vote passes and these 600 million tokens are burned, along with the previously burned 800 million GMT, the total amount burned will reach 1.4 billion tokens, close to 23% of the total supply! This means that GMT will become increasingly scarce, and the value of the token is expected to increase in the long term as a result.
User operation suggestions.
If you are a user who is optimistic about the GMT ecosystem in the long run, consider participating in the locking vote; on one hand, you contribute to community governance, and on the other hand, you can earn additional rewards. For users who prefer to maintain liquidity, a small proportion of participation can support the event while also ensuring flexibility.
Three. Unlocking and distribution of GMT tokens: everything is transparent and public.
Unlocked and circulating tokens.
Currently, the circulating supply of GMT accounts for about 50% of the total supply, and these tokens are mainly used to support diversified application scenarios within the ecosystem, such as:
STEPN and STEPN GO: Earn token rewards through exercise.
MOOAR: Token payments and AI-generated NFT demand in the NFT trading market.
DOOAR: Transaction fee payments on cross-chain DEX.
These circulating tokens are distributed among millions of users worldwide, forming the active market foundation of the GMT ecosystem.
Layout of unlocked tokens.
Unlocked tokens account for about 27%, including ecological funds and team shares. Over the next six years, these tokens will be gradually released to support new ecological expansions and strategic partnerships. This gradual release mechanism helps avoid severe market fluctuations and stabilizes ecological development.
Four. Why the GMT team is trustworthy?
Find Satoshi Lab (FSL) behind GMT is a leader in the Web3 field. Their developed STEPN application, which combines sports, social, and blockchain elements, has over 5.6 million users, making it one of the world's leading Web3 health lifestyle applications.
The success of STEPN is just the beginning.
FSL is not satisfied with the success of a single product, but is advancing ecological layout on multiple fronts:
DOOAR: A multi-chain decentralized exchange supporting cross-chain asset trading, with over 460,000 users.
MOOAR: An independent NFT trading platform that combines AI technology to expand NFT usage scenarios.
Gas Hero and Morchi: Bringing users more strategic and entertaining GameFi experiences.
These products provide a wide range of application scenarios and demand support for the GMT token, making GMT not just a token but the core link of the FSL ecosystem.
In conclusion: Voting is not just about burning tokens.
The BURNGMT voting burn plan is an important step for the GMT community towards decentralized governance. Regardless of whether these 600 million tokens are ultimately burned, this event allows every user the opportunity to directly participate in the core decisions of the project.
For users, this is not just a simple locking vote; it is a valuable opportunity to experience Web3 community governance and understand token economic logic. The future of GMT may reach new heights because of this vote, and your vote is the key to shaping it all.
