an independent organization of GMT token holders, has launched the GMT Burn Initiative, a bold step towards community-driven governance and sustainable tokenomics in the web3 space. This initiative invites GMT holders to participate in the decision-making process to burn up to 600 million GMT, valued at $100 million. The program emphasizes transparency, collaboration, and the empowerment of its community.
The GMT DAO is an autonomous community organization that prioritizes transparent governance. Dedicated to giving GMT holders a decisive role in the platform's future, the DAO’s efforts reflect its commitment to decentralization and sustainable growth. The GMT Burn Initiative is designed to put significant decision-making power in the hands of GMT holders.
Participants can visit burngmt.com to lock their tokens and vote on critical proposals, including the flagship burn initiative. To incentivize participation, the DAO will reward users with an exclusive soulbound NFT titled Make GMT Great Again Red Hat, which documents their voting activity and related airdrops through embedded metadata.
Key Features of the Initiative
Lock and Vote: GMT holders can actively shape the token’s future by casting their votes. The process not only gives participants a voice but also rewards them with the exclusive NFT that tracks their engagement.
Earn Rewards: To further engage its community, the DAO has allocated 100 million GMT as rewards to be distributed over the 60-day voting period. These rewards are contingent on milestones being met during the initiative.
On-Chain Transparency: The entire voting process is recorded on the blockchain, ensuring the integrity of results. This guarantees that every decision is verifiable and transparent to all participants.
Regular Voting Cycles: The burn initiative marks the beginning of a continuous community engagement model. Quarterly voting cycles will allow GMT holders to participate in shaping the ecosystem's development regularly.
This initiative showcases a proactive effort to ensure GMT’s sustainable future, emphasizing innovation and community engagement. 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.
The GMT Burn Initiative marks a new chapter in GMT’s journey, giving every holder a voice. Voting, which starts at 100 GMT, is now open at burngmt.com , inviting all GMT holders to help shape the token’s future.
The GMT DAO is an independent organization of GMT holders dedicated to overseeing GMT’s future through transparent and community-led governance. The DAO’s formation represents a commitment to empowering GMT holders with a voice in key decisions, from token management to ecosystem development.
GMT sits at the heart of the FSL ecosystem. Exclusively earned through STEPN , this token plays a crucial role across all FSL products. GMT operates on four blockchains—Solana, BNB Chain, Ethereum, and Polygon—and is pivotal in Gas Hero , where it’s used to trade items and burn for NFT level-ups. On MOOAR , all items can be traded using GMT, and it’s also central to primary sale raffle mints with key partners and is used in the newly launched STEPN GO to buy Sneakers and perform various in app functions.
