What is token burning? 🔥
• Token burning is like burning a banknote 💵🔥, but in the digital world.🌐🔥
• If you decide to burn some tokens, it means that no one else can use them, and the total number of tokens in circulation is reduced.📉
Why would someone do this? 🤔
• When there are fewer tokens available, the ones that remain can become more valuable, just like when something is rare or limited.
• In the case of cryptocurrencies, burning tokens helps control the supply and maintain or increase their value.📊
🗞️ The team of $GMT is applying what we saw earlier.
• And left this decision to the participants.
• They can decide whether to burn these tokens while sharing 100 million GMT as a reward.
• Another fact 🗞️ is that it repurchased 600 million unlocked GMT tokens from investors and advisors, donating them to GMT DAO for a blocked voting event lasting 60 days from November 21, 2024, to January 20, 2025.
📚 The content of this post is educational.
🚫 At no time is investment advice given.
✍️ This post is sponsored by:
🔸 @GMT DAO
🔸 #BURNGMT
• Thank you very much for the support 🤝🐯🧡