A big explosion of copycats: GMT actually took the initiative to sell 600 million! As high as 120 million US dollars!
Let's talk about the project first:
$GMT is the governance token of the once popular running shoe project STEPN. STEPN GO has gone a step further on the basis of STEPN's success and completely changed the way of social fitness. The application combines social and sports elements. After players obtain NFTs, they can get rich token rewards through exercise or renting shoes. The number of players is as high as six million!
Not only that, the GMT ecosystem is also very complete. The decentralized exchange DOOAR independently developed by FSL has a monthly activeness of 460,000 and has been ranked first in the Solana network many times. It also created the NFT platform MOOAR that integrates launch and trading. GMT DAO is a foundation created by GMT holders. It manages the GMT ecological fund through on-chain voting to ensure that decisions are made based on the collective opinions of the community
Recently, the FSL team launched a destruction proposal to make GMT great again! It is proposed to repurchase all 600 million $GMT from the original consultants and investors and transfer them directly to GMT DAO! Now, the fate of this batch of tokens is handed over to the community, and the community will vote to decide how much to burn! ! The circulation quantity is about 3 billion, and destroying 20% is undoubtedly a super positive!
The voting lock date is from November 21st to January 20th, 2025, for 60 days. After the expiration, all locked tokens will be unlocked and returned. So how should we play?
Just lock your GMT through the burngmt.com website to vote. In the end, the more you lock, the more you will destroy. According to the published data, it is as follows
Lock 100 million $GMT and burn 60 million.
Lock 500 million (a total of 600 million) and burn 230 million.
Lock 900 million (a total of 900 million), and burn all 600 million!
At present, nearly 170 million have participated in the lock vote.
Of course, there are corresponding rewards for locking in voting. This vote will give out up to 100 million GMT as rewards. Participating in the vote will automatically receive a limited edition NFT, which will record your locked amount and how many airdrop rewards you can get. The more you lock, the more you get! #GMT投票燃烧计划