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  • 1 PAWS = $0.0497

  • 10k PAWS = $497

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Spotlight on the BURNGMT Initiative 🚀

The GMT DAO is shaking up the crypto world with its groundbreaking BURNGMT Initiative, part of the Public Beta Phase VI. This strategic vote to burn 600 million GMT tokens runs from November 21, 2024, to January 20, 2025, showcasing GMT's dedication to decentralization, market stability, and sustainable growth.

What Is BURNGMT?

BURNGMT empowers GMT holders to decide whether 600 million tokens from unlocked reserves (originally allocated to advisors, investors, and the team) should be burned. These tokens were donated to GMT DAO, allowing the community to vote. Participants lock their GMT tokens to vote and receive rewards from a 100 million GMT pool as an incentive.

Why It Matters

  1. Deflationary Tokenomics

    Burning 600 million tokens significantly reduces the supply, potentially increasing GMT’s value and boosting market confidence.

  2. Community Governance

    This initiative strengthens GMT DAO’s decentralized model by empowering token holders to shape its future

  3. Market Dynamics

    A successful burn will leave only 27% of GMT’s total supply in circulation over six years, creating a constrained supply environment, historically linked to price growth.

Rewards for Participation

Participants in BURNGMT can enjoy

  • Daily passive income from the 100 million GMT reward pool during the token lock-up period.

  • A key role in influencing GMT’s ecosystem and strategy.

How to Participate

  1. Log In: Access the event via Binance and visit the BURNGMT voting page.

  2. Lock Tokens: Decide how much GMT to lock and cast your vote.

  3. Track Rewards: Monitor daily rewards and wait for the outcome on January 20, 2025.

Broader Impact

This initiative is more than just a token burn; it’s a bold statement of confidence in GMT’s ecosystem. By supporting flagship projects like STEPN (GameFi with 6M users), MOOAR (NFT marketplace), and DOOAR (DEX ecosystem), GMT DAO is cementing its role as a pioneer in Web3 and blockchain innovation.

Stay tuned for updates! 🔔

#BURNGMT #GMT❤️ #GMT/USDT. @GMT DAO