You can participate in the vote and receive an airdrop for just 0.1u! You can't lose or be deceived, brothers! Participating in the GMT vote and receiving rewards is mainly done through the BurnGMT platform. Here are the specific steps:
1. Login to the platform: Log in to the BurnGMT.com website from November 21, 2024, to January 20, 2025.
2. Connect wallet: Connect the wallet containing GMT tokens on the Polygon chain to the platform.
3. Lock up GMT: Lock a certain amount of GMT tokens in your wallet to obtain voting shares. The larger the locked amount and the longer the time, the more voting rights and subsequent rewards will be obtained.
4. Participate in voting: Use the voting shares obtained from locking up to vote on whether to destroy the 600 million GMT tokens repurchased by the team.
5. Wait for rewards: After the voting ends, no further action is required. Wait for the 60-day lock-up period to expire, and the platform will airdrop the corresponding GMT tokens to users' wallets based on their voting shares and lock-up status.
STEPN used 100 million USD to repurchase 600 million GMT. Users can vote on whether to destroy the 600 million GMT tokens repurchased by the team by locking GMT tokens on the Polygon chain from November 21, 2024, to January 20, 2025, through BUrnGNT. Users participating in the vote will also receive a total of 100 million extra GMT as a reward for participating in the community voting activity.
The economic model of GMT has always been a deflationary mechanism. The team has previously repurchased 800 million tokens, and currently, 3 billion are in circulation. StepN continues to repurchase and burn tokens through various mechanisms. This time, the vote will destroy the locked-up tokens plus 900 million, so all 600 million GT will be destroyed. Considering the reward of 100 million, there will only be 1.6 billion in circulation in the market, which is half of the original amount, giving the token price potential to double.
If this vote is successful, the tokens circulating in the market will become scarcer. The remaining selling pressure will mainly come from the Move to Earn token rewards distributed annually at a rate of 2.5%, as well as the tokens released by the foundation. Once the BurnGMT plan vote succeeds, the chip structure of GMT tokens will undergo a significant, almost revolutionary change!
