Can you imagine? Earning 166,000 USD in just 5 days!
On the on-chain platform mooar, the latest released BURNGMT on-chain revenue data shows:
The most outstanding retail investor staked 8.56 million GMT, and from November 22 to November 27, in just five days, they earned 831,000 tokens.
831,000 GMT = 166,000 USD = 1.1 million RMB!
What does that mean? To explain: if washing a dish costs 1 yuan, that’s equivalent to washing 1.1 million bowls in 5 days, or 220,000 bowls a day, which is like a small city washing dishes for five days to earn that!
This yield occurs on-chain, fully demonstrating a principle: the opportunities on-chain far exceed those in real life! The BURNGMT event is not just a token burning initiative but also a microcosm of high returns on-chain!
The burning plan can be simply summarized as follows (thresholds of 100 million, 500 million, and 900 million):
Locking 100 million GMT: 60 million GMT will be burned. This option is a decent choice for small investors, allowing them to participate in decision-making without significantly impacting their holdings.
Locking 500 million GMT: 230 million GMT will be burned. This is a more aggressive option suited for large holders who are confident in the future of GMT.
Locking 900 million GMT: A full 600 million GMT will be burned. This is a goal that requires the entire GMT community to work together to achieve, but once accomplished, it will have a profound impact on the price of GMT.
To encourage more GMT holders to participate in voting, GMT DAO has also launched generous voting rewards. All GMT holders participating in the voting will receive a unique 'Make GMT Great Again' NFT, which not only recognizes their contribution to community building but also serves as a symbol of honor. Additionally, based on the proportion of locked GMT, 100 million GMT will be distributed as rewards to these NFT holders, which undoubtedly brings additional returns on their investments.
The lock-in period is from today until January 20, 2025, which means that GMT holders participating in the voting need to maintain their locked status during this period.
Although this may impact their liquidity to some extent, considering the future appreciation potential of GMT and the common interests of the community, this sacrifice is clearly worth it.
Reward distribution will occur the day after the 'Burn GMT' event ends, and users will receive GMT for voting and participation rewards. This mechanism ensures fairness and transparency throughout the process, allowing every participant to clearly see their contributions and returns.
Overall, the 'Make GMT Great Again' campaign is not only an innovative attempt at token management but also a concentrated display of community power. Through this campaign, GMT DAO has not only successfully reclaimed a large number of tokens but has also sparked enthusiasm for participation across the community, laying a solid foundation for the future of GMT. Let's look forward to GMT shining brightly again under the leadership of GMT DAO!
