Ready to be part of something big? Your vote on the GMT Buyback could change the future of GMT and earn you rewards! ๐๐ธ
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GMT is a cryptocurrency that is making waves in the digital world ๐๐ฅ. Recently, the GMT team bought back 600 million GMT tokens, worth $100 million ๐ต๐, from early investors and advisors. These tokens were never unlocked before. Now, these tokens are being given to the GMT DAO for a special voting event ๐ณ๏ธ, where the community will decide what happens to them. The event will run from November 21, 2024, to January 20, 2025 ๐ . The big question is whether these tokens should be burned ๐ฅ, meaning permanently destroyed.
Why Should You Take Part in the BURNGMT Initiative? ๐ค
You might be wondering, โWhy should I participate?โ Well, if you join in, you get a chance to influence what happens to these 600 million GMT tokens. If the vote is in favor of burning the tokens ๐ฅ, the total number of GMT tokens will be reduced ๐. This could make the remaining tokens more valuable in the future ๐. Plus, participants who vote will be rewarded! There is a total of 100 million GMT tokens ๐ up for grabs, which will be shared among the voters ๐ธ.
What is GMT and How Does it Work? ๐ค
GMT is a digital token used in many different products ๐ ๏ธ. One of the biggest uses is in the STEPN app ๐ฑ, which is used by over 6 million people to earn rewards by staying active ๐โโ๏ธ๐ฐ. GMT is also used for making payments ๐ณ, staking ๐, and fees on other platforms like MOOAR (for trading NFTs ๐จ) and DOOAR (for trading across different blockchains ๐). GMT is also getting more attention ๐ because it is partnering with big brands like Casio โ, ASICS ๐, and Adidas ๐, which helps it grow ๐.
How Does the Voting Burn Mechanism Work? ๐ฅ๐ก
The voting process is simple ๐. From November 21, 2024, to January 20, 2025, you can vote ๐ณ๏ธ to decide if the 600 million GMT tokens should be burned ๐ฅ or not. Burning these tokens means they will be removed from the supply ๐จ, which helps the remaining tokens become more valuable ๐ธ. Everyone who votes will share in the reward pool of 100 million GMT tokens ๐ .
How Does Burning Tokens Help GMT? ๐ฅ๐ช
When you burn tokens, the total supply of GMT gets smaller โ. This is a good thing because fewer tokens in circulation could lead to higher value for the remaining tokens ๐น. The 600 million GMT tokens that are being voted on were originally set aside for early investors, advisors, and the team but were never unlocked ๐ซ. By burning these tokens, GMT makes its system stronger ๐ช and more stable in the long run โณ.
How Can You Join the BURNGMT Initiative? ๐
Joining is easy! Just visit the GMT DAO website ๐ during the voting event ๐ณ๏ธ, which runs from November 21, 2024, to January 20, 2025 ๐ . Vote ๐ณ๏ธ on whether to burn the 600 million GMT tokens ๐ฅ, and by doing so, you will help decide the future of GMT ๐ ๏ธ. Plus, you will be eligible for a share of the 100 million GMT reward pool ๐. Itโs a great way to get involved and earn rewards ๐!
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