Once popular worldwide, STEPN, a pair of NFT running shoes, sparked a trend in the Web3 lifestyle, allowing users to earn tokens while running or walking outdoors. As the core token of STEPN, GMT not only became a phenomenal investment project at the time but also established a new paradigm for the Web3 economic model.
Now, @GMT DAO burning has officially launched, shaping market rules in a new way, attracting countless users to participate in governance and jointly promote ecological development.
The significance of a limited time, how does 60 days stimulate market vitality?
The BURNGMT plan sets a 60-day staking voting period from November 23, 2024, to January 20, 2025. This time limit is not only a rule but also a clever strategy.
Staking data
1. Create a sense of urgency and FOMO effect
The time limit forces users to make quick decisions and take action. In the limited 60 days, the scarcity of the voting window enhances user participation enthusiasm. This sense of urgency not only increases the attractiveness of the voting activity but also allows more users to join the staking action in a short time, injecting vitality into the GMT ecosystem.
2. Create observation windows for the market
The 60-day cycle is long enough to attract wide participation and provides a clear assessment phase for market dynamics. During this period, the community can continuously monitor the execution effects of the staking and burning plans, accumulating valuable experience for future ecological governance.
3. Balance short-term stimulation with long-term planning
In the short term, concentrated staking behavior reduces the circulating supply of GMT in the market, directly lowering the risk of price volatility. In the long run, the voting mechanism lays a solid foundation for value management of the GMT token.
The impact of staking and burning on the market: Dual enhancement of scarcity and confidence
The BURNGMT plan is not just a simple voting activity; the staking and burning mechanisms behind it are profoundly changing the market ecology.
1. Reduce circulating supply
If the vote passes, 600 million GMT will be permanently destroyed, accounting for 10% of the total supply. This scarcity effect will further enhance the market value of GMT, creating a larger potential profit space for holders.
2. Alleviate market selling pressure
Users will lock their GMT during the voting period, further shrinking the market's circulating supply. The decrease in liquidity directly alleviates selling pressure, creating favorable conditions for market price stability or even increase.
3. Enhance user confidence
Through community voting governance, the BURNGMT plan demonstrates the power of decentralization. Users can not only participate in the development of the project but also enjoy staking dividends, greatly increasing their trust in the GMT ecosystem.
4. Incentivize long-term holders
The burning plan reduces the future unlocking pressure of GMT, making the tokens of long-term holders more scarce and valuable. This mechanism effectively attracts more long-term investors, bringing stronger stability to the GMT ecosystem.
Insight:
The BURNGMT voting burning plan utilizes a short 60-day time window to bring a brand new governance experience to the community. At the same time, through staking and burning mechanisms, it injects new vitality into the market. Reducing supply, enhancing scarcity, boosting user confidence... all of this is driving GMT towards a healthier and more sustainable direction.
