#GMT Voting Burn Plan is an innovative community engagement activity that not only provides holders with the opportunity to participate directly in token management but also has the potential to positively impact the market performance of GMT tokens.
Here is some information on why to participate in the BURNGMT plan, how to participate, and the historical GMT burn records.
Why participate in the BURNGMT plan?
1. Community Governance: The BURNGMT plan allows GMT holders to directly influence the future development of the tokens by expressing their views on token burns through voting, which is a true practice of community governance.
2. Token Value Increase: The burn plan may increase the value of GMT tokens by reducing the supply of tokens in the market. A reduced supply with unchanged or increased demand typically leads to a price increase.
3. Reward Opportunities: Participants have the chance to earn up to $20,000 worth of $GMT as a reward, which is an attractive economic incentive.
4. Enhance Holder Confidence: By participating in such a plan, holders can see the project's commitment to the long-term value of the tokens, which may enhance their confidence in the project.
How to participate in the BURNGMT plan?
1. Visit BurnGMT.com: Users need to visit the BurnGMT.com website and link their wallets.
2. Lock GMT: Lock the GMT tokens held on the platform to gain voting shares. The amount and duration of locked GMT will determine the voting power.
3. Voting: Vote on the platform to decide whether to support the official burning of the repurchased GMT tokens. The more GMT locked, the more GMT will be burned.
4. Obtain Rewards: Based on the amount and duration of locked GMT, participants will have the opportunity to earn GMT rewards. Additionally, participants will receive a limited edition hat NFT as a memento of their participation.
Historical GMT Burn Records
According to search results, users have consumed 800 million GMT within STEPN in the past two years.
. Additionally, the GMT team has spent approximately $100 million to repurchase all 600 million GMT allocated to early investors, advisors, and team distributions that are unlocked. These tokens will gradually unlock over the next 10 months but will be directly burned once voting criteria are met, indicating the project team's commitment to the long-term value of the tokens and community governance.
By participating in the BURNGMT plan, GMT holders can not only influence the future of the tokens but also collectively shape the token's value and market performance through the power of the community.
This is a plan worth paying attention to and participating in, especially for those holders looking to actively engage in token management and enhance token value.
@GMT DAO Essay Competition #GMT投票燃烧计划
