Can you imagine? A small retail investor in the crypto space actually received an airdrop reward of 904,000 GMT by participating in the BURNGMT vote in just 9 days! What does this mean? At current market prices, the value of 904,000 GMT is close to $198,000, approximately 1.44 million RMB, definitely enough for a house! And all of this was achieved through simple voting participation and locking activities.
Let's take a look at the specific timeline and data:
Participation time: November 21
Mint NFT: MGGA Little Red Riding Hood (No. 3368)
Total staked amount: 8.665 million GMT
Airdrop reward received: 904,000 GMT
For many people, the opportunity to achieve wealth transformation in just 9 days is simply unbelievable! Not only did they receive generous airdrop rewards, but players can also enjoy additional bonuses from the soaring price of GMT.
BURNGMT Plan: Burning and future value drivers
So, why was this retail investor able to earn such a huge reward in just 9 days? It all comes down to the BURNGMT plan.
What is the BURNGMT plan?
The BURNGMT plan is an innovative token economic incentive project that combines a voting lock-up and token burning mechanism, enhancing its market value by reducing the circulating supply of GMT. Participants can not only receive daily rewards through lock-up voting but also contribute to the long-term growth of the GMT token.
The core goal of this plan is to control the supply of GMT, reducing the circulation in the market, thereby pushing up the token price. Imagine, as the circulating GMT in the market decreases and demand continues to increase, this imbalance between supply and demand will greatly enhance the value of GMT.
BURNGMT's reward mechanism: Who participates, who profits!
Participants in the BURNGMT plan will lock up GMT tokens for 60 days, until January 20, 2025—this special day coincides with the inauguration day of the U.S. president, symbolizing a historic moment. During this 60-day lock-up period, participants will enjoy annual returns on GMT and have the opportunity to receive daily GMT airdrop rewards.
At the beginning of the plan, the annualized return of BURNGMT reached as high as 1179%, with a daily airdrop ratio as high as 3%! This return rate is enough to attract every participant's interest.
At the same time, the plan also involves a buyback and destruction mechanism for GMT tokens. To enhance the market value of GMT, the STEPN team not only repurchased the GMT shares of early advisors, team members, and investors, but also prepared to destroy these tokens. The repurchased tokens will be directly destroyed, which will significantly reduce the supply of GMT in the market, thereby driving up the price.
BURNGMT Plan: How to trigger a market surge?
The BURNGMT plan is not just a simple locking activity; it further promotes the burning of tokens through a voting mechanism. Participants vote to decide whether to destroy some GMT tokens and even determine the amount to be destroyed. Every vote and burn will directly affect the market price of GMT, and all burning progress and voting results can be viewed in real-time on the BURNGMT.com website.
The market surge of GMT: From 417 times to breaking through again!
Looking back at history, the performance of the GMT token is legendary. In the spring of 2022, GMT rose 417 times in just 60 days! From $0.01 to $4.17, this surge made countless investors rich. Even more astonishing, after the BURNGMT plan was launched, the price rose again by 110% in just one month! Behind all of this is the powerful driving force of the BURNGMT plan and the enthusiastic response from the market.
How to participate in the BURNGMT plan and earn huge returns?
For investors looking to join, the BURNGMT plan offers a simple and effective wealth appreciation opportunity. Participants only need to lock up GMT tokens and vote to participate in the burning plan to receive increasingly valuable rewards. Especially against the backdrop of continuously rising market prices, the BURNGMT plan has become the **'wealth code'** in the eyes of investors.
Moreover, the burning mechanism of the BURNGMT plan also increases the scarcity of GMT, undoubtedly laying a more solid foundation for the future development of the token. As more and more tokens are destroyed, the market supply of GMT gradually decreases, leading to a continuous rise in its price and further enhancing investor returns.
STEPN and GMT: The blueprint for the future
STEPN, as a leading global M2E (Move-to-Earn) application, has attracted millions of users. Through the BURNGMT plan, the value and application scenarios of GMT tokens will reach new heights. STEPN is not just a fitness application; it has become an important part of the global Web3 ecosystem, and GMT, as its core token, will continue to play a key role in decentralized finance (DeFi), NFTs, and other Web3 projects.
As the BURNGMT plan deepens, the market value of GMT will continue to rise. In the coming months, GMT may see more returns. Especially with the upcoming launch of STEPN GO and other new projects, the demand and application scenarios for GMT will further expand, becoming a focal point that investors cannot ignore.
