Just yesterday, the Little Red Riding Hood, which was ranked first on the list, staked 8 million yuan, and today the interest collected 270,000 yuan! The minimum pledge amount is 100 $GMT. You can get a Little Red Riding Hood NFT by casting 1 vote. Is this the charm of NFT? It is recommended that all running shoe friends at least get the Little Red Riding Hood. A hat may be able to catch up with an Ethereum. After all, it is a symbol of Trump and the hype is very high. In addition, it is also a symbol of joining GMT!
GMT is a popular project that was launched on Binance Launchpad. GMT DAO is the ecological fund of GMT. GMT is widely used in various products, and has been used in large quantities and burned 800 million. As the governance token of StepN, the leading project in the GameFi track, its team has previously injected liquidity into the token pool and carried out large-scale airdrops to the community. This burning plan is also another important measure of the team in the new market environment.
GMT voting burning plan:
From November 21, 2024 to January 20, 2025, users can obtain voting shares by locking GMT tokens on the Polygon chain to decide whether to destroy the 600 million GMT tokens repurchased by the team. These tokens mainly come from the unlocked shares of early investors and consultants and part of the team allocation.
Reward Mechanism
Users who participate in the voting will receive a total of 100 million GMT additional rewards. The reward distribution is related to the user's GMT lock-up amount and lock-up time. The larger the lock-up amount and the longer the time, the more corresponding token rewards. The less the total amount of GMT locked per day, the more token rewards a single user will share. The final rewards will be distributed by airdrop after the 60-day lock-up period ends.
How to participate in voting and claim rewards with GMT?
Login: Log in to BurnGMT.com between November 21, 2024 and January 20, 2025.
2. Connect wallet: Connect the wallet containing GMT tokens on the Polygon chain to the platform.
3. Lock GMT: You can obtain voting shares by locking a certain amount of GMT tokens through your wallet. The larger the lock-up amount and the longer the time, the more voting rights and subsequent rewards you will get.
4. Participate in voting: Use the voting shares obtained from locking up to vote on whether to destroy the 600 million GMT tokens repurchased by the team.
5. Waiting for rewards: After the voting is over, no other operations are required. Wait for the 60-day lock-up period to end. The platform will airdrop the corresponding GMT token rewards to the user's wallet based on the user's voting share and lock-up status.
Burning 600 million GMT tokens can significantly reduce the circulation. According to the principle of supply and demand, when the demand remains unchanged or increases, the scarcity of tokens will increase, which is expected to drive up its market value and increase the value of the holders' assets.
