$GMT is currently consolidating below resistance at $0.2020, forming a descending triangle with support at $0.1927. A drop below this support level could trigger further declines, with the next target at $0.1800. However, a breakout above $0.2020 could signal a bullish reversal.
The GMT DAO has introduced the BURNGMT Initiative, aiming to burn up to 600 million GMT tokens, valued at $100 million. This move highlights the team’s confidence in the project’s future and is designed to increase token scarcity.
Why Participate in the BURNGMT Initiative?
By participating, users can influence the future of $GMT while contributing to a more robust, community-driven ecosystem. The burn will include any unlocked tokens from early advisors, teams, and investors, ensuring transparency and fairness in the process.
Introduction to GMT’s Ecosystem:
@GMT DAO is a key part of the FSL ecosystem, which spans across four blockchains: Solana, BNB Chain, Ethereum, and Polygon.
STEPN: Users earn GMT by moving, enabling in-app transactions.
Gas Hero: Facilitates item trading and NFT upgrades within the game.
MOOAR: Enables item trades and primary sale raffles with partners.
How Does the Voting Burn Mechanism Work?
Participants can lock their GMT tokens for 60 days to vote on the burn proposal. In exchange, they receive an exclusive soulbound NFT, titled "Make GMT Great Again Red Hat," which records their voting activity and tracks airdrops through embedded metadata.
