The fate of 600 million GMT remains undecided, and this BURNGMT voting burning plan is not just a community-led token governance action; it may profoundly affect GMT's market performance. With increased scarcity, changes in liquidity, and heightened community enthusiasm, the market cannot help but ask: Can GMT break past highs?

Next, we will comprehensively analyze this highly anticipated community action from the operational logic of the burning plan, the potential enhancement of market value, and the profound impact on token economics.#GMT投票燃烧计划

Core of the burning plan: Where do the 600 million tokens come from?

These 600 million GMT tokens come from the team's repurchase from early investors and advisors. Originally part of the unlocked portion, they have now been donated to GMT DAO, allowing the community to vote on their fate. If the voting result is 'agree to destroy', they will be permanently removed from the supply.

Voting timeline

  • Voting period: November 21, 2024, to January 20, 2025, lasting 60 days.

  • Lock-up mechanism: Users need to lock up their held GMT tokens; the more tokens locked and the longer the time, the greater the voting rights obtained.

Reward mechanism
To encourage more users to participate, users who lock up their tokens will share a reward of 100 million GMT, distributed based on the proportion of the locked amount. This way, even small holders can enjoy dividend incentives.

What market value will the burning of 600 million tokens bring?

1. Increase scarcity, optimize token economic model

Currently, GMT has already burned 800 million tokens through multiple community activities and usage scenarios, accounting for 13% of the total supply. If this time 600 million tokens are successfully burned, the cumulative burned amount will rise to 1.4 billion tokens, accounting for 23% of the total supply.

With a fixed total token supply, a reduction in supply will bring significant scarcity effects, directly enhancing market demand and price expectations for$GMT . For long-term investors, this is an excellent opportunity to optimize holding value.

2. Alleviate short-term selling pressure, stabilize market fluctuations

During the lock-up phase, a large number of GMT tokens will be 'temporarily frozen', reducing the circulation in the market. During the lock-up period, short-term selling pressure will be significantly weakened, and the supply-demand balance will tilt in a favorable direction. This change in liquidity usually plays a supporting role in token prices.

3. Community trust improvement, long-term value enhancement

Through the community-led burning plan, GMT demonstrates its high regard for user participation. The increased transparency of community governance helps attract more Web3 users to join, further promoting the expansion of the token ecosystem.

Can GMT break past highs? Market potential analysis

Review of previous market highs

GMT reached an all-time high in 2022, but later the price adjusted due to a decline in market enthusiasm and macroeconomic impacts. Now, through the burning plan and continuous expansion of the ecosystem, GMT has regained widespread attention, and the market expects it to challenge or even break its previous peak level again.

Impact of burning on supply-demand relationships

According to economic theory, when supply decreases while demand remains stable or increases, asset prices tend to rise. The practical application scenarios of GMT in various ecosystems, such as STEPN, DOOAR, MOOAR, and Gas Hero, provide strong support for token demand. As more users participate in the burning plan, the market's supply-demand relationship may welcome favorable changes, creating conditions for price increases.

Ecological layout and user growth support

GMT is not just a token; it is the core token of a comprehensive ecosystem. From the Web3 healthy lifestyle application STEPN to the cross-chain NFT market MOOAR, and to the strategic GameFi Gas Hero, GMT is gradually expanding its application scenarios.

  • Global registered users: 5.6 million+

  • Cross-chain support: Solana, Ethereum, Polygon, and other mainstream networks

  • Partner brands: Well-known companies like ASICS and Adidas

This extensive ecological layout and the continuously growing user base lay a solid foundation for the long-term development of GMT and provide momentum for its price to break past highs.

How to participate in the burning plan and seize the opportunity?

  1. Lock up tokens to earn dividends
    Whether you are a long-term holder or a short-term investor, you can participate in voting through locking up tokens and enjoy dividend returns. Remember to reasonably plan the amount and duration of the lock-up based on your holdings and investment goals.

  2. Follow voting dynamics and adjust strategies in a timely manner
    The voting result will directly determine the fate of 600 million tokens, closely monitoring community discussions and voting progress will help better grasp market trends.

  3. Participate in ecological activities with GMT tokens
    By participating in ecological scenarios with GMT through STEPN's exercise rewards, MOOAR's NFT trading, etc., users can increase the frequency of token use and enjoy the dividends of ecological development.

Conclusion: The future of GMT is decided by you!

The fate of 600 million tokens is not just a reduction in numbers but a comprehensive embodiment of community trust, market value, and ecological cooperation. If the burning plan is approved by voting, GMT may usher in unprecedented scarcity and market enthusiasm.