The #BURNGMT initiative is gaining momentum in the crypto community as the GMT DAO embarks on an ambitious plan to burn up to 600 million GMT tokens, equivalent to $100 million. This strategic move aims to reduce the circulating supply, enhance the token's scarcity, and empower the community through decentralized governance.
Key Highlights:
1. Community-Driven Decision: GMT holders can lock their tokens and vote on proposals, including the burn plan. Each vote contributes to the token burn decision, fostering direct community involvement.
2. Generous Rewards: Participants are eligible for a share of the 100 million GMT reward pool, distributed daily based on the locked token ratio. Rewards incentivize active engagement while supporting the ecosystem's growth.
3. Enhanced Scarcity: The burn, if executed, will reduce the supply by 10%, potentially boosting the token's value in the long term.
4. Innovative Mechanism: Voting and rewards are executed transparently on-chain, ensuring fairness and security.
Participation Details:
Minimum lock-up: 100 GMT tokens.
Voting and rewards last until January 20, 2025.
Rewards are automatically credited to participants' wallets post-voting.
This initiative reflects the GMT DAO's commitment to a sustainable, community-first approach, setting a new standard for decentralized token governance.
Are you ready to make a difference in the future of GMT? Visit the official BURNGMT platform to participate.
