#BURNGMT
GMT (Green Metaverse Token) is a crypto currency issued on 2nd March 2022 at the price of $0.01, which after weeks reached above $4 as all-time highest.
Is currently ranking 157 crypto currency. With above $632M marketcap. Circulation supply is about 2.55B GMT.
GMT is a Solana token that governs STEPN, a lifestyle app that encourages users to “move-to-earn, where users may receive in-game compensation by engaging in physical activities such as walking, running, or jogging. This encourages good healthier lifestyles by providing motivation or incentives for physical activity.
GMT can be used to pay for digital items and upgrades as well as staking and voting on future changes to the platform.
GMT also has a partnership with RIPPLE. They both have similar business philosophies in the area of transparency, affordable costs,
high-end technology and creating a global giant financial system.
GMT collaboration goes beyond NFTs, offering digital assets that inspire a healthier, more active lifestyle. GMT together with STEPN has many partners like Binance, Sequoia, Folius Ventures, WhaleFin, ASICS, LINE, StevenAoki, and others.
GMT to burn 600M, this will help remove tokens from available supply, which in turn decreases the tokens in circulation. This method is used by some blockchains to increase the market value of the coin. Like it's said in the law of supply, less supply causes scarcity, and scarcity creates value.
Other blockchains use this burn method to confirm miner's commitment to the network and grant them to mine a block.
60-day lock is to help burn GMT's token to help it's market value and to reward those committed to it's network.
The GMT DAO remains committed to true decentralization, empowering GMT holders to shape its direction. By enabling votes on key proposals, including a potential major token burn, the DAO highlights the power of collective input and its dedication to building a strong, thriving ecosystem.
During and after the burn, GMT may take another level altogether, and It's holders would be glad they stayed committed.
