1 PAWS = 0.0497 10k PAWS= 497$ It is a biggest airdrop of 2024. It is great chance for earn free dollars š° Here is some information about the BURNGMT? Exploring the @GMT DAO @STEPN | Public Beta Phase VI BURNGMT Initiative: A Game-Changing Move in GMTās Ecosystem
In the dynamic world of cryptocurrency, GMT DAO is making headlines with its innovative BURNGMT initiative, a strategic vote to burn 600 million GMT tokens. Running from November 21, 2024, to January 20, 2025, this community-driven event reflects the teamās commitment to decentralization, market stability, and sustainable growth.
What is the BURNGMT Initiative?
BURNGMT allows GMT holders to vote on whether 600 million tokens should be burned. This massive pool of tokens comes from unlocked reserves initially allocated to advisors, investors, and the team, which were donated to the GMT DAO for community decision-making. Participants lock their tokens to cast a vote, with their commitment rewarded from a 100 million GMT pool.
Why Is This Important?
1. Deflationary Tokenomics: Burning 600 million tokens represents a substantial reduction in supply, potentially driving up the value of GMT. This is aligned with GMTās long-term strategy to optimize token circulation and enhance market confidence.
2. Community Empowerment: By giving token holders a say in the burn, the initiative strengthens GMT DAOās decentralized governance and fosters greater community involvement.
3. Market Impact: If successful, the burn will leave only 27% of the total GMT supply in circulation over the next six years, creating a more constrained supply environment. Historically, reduced token liquidity has correlated with price appreciation.
The Rewards of Participation
Participants in the BURNGMT event can share in daily rewards from the 100 million GMT pool. These rewards incentivize long-term commitment, as dividends are distributed based on the amount of GMT locked for the vote. Additionally, users gain:
Daily passive income during the lock-up period.
A role in shaping the future of GMTās ecosystem.
How to Participate
1. Access the Event: Log in via Binance and navigate to the BURNGMT voting page.
2. Lock Your Tokens: Choose how much GMT to lock and cast your vote.
3. Monitor Rewards: Check your daily rewards and await the final outcome on January 20, 2025.
Broader Implications
The BURNGMT initiative isnāt just about reducing supply. Itās also a statement of confidence in GMTās ecosystem. Supporting flagship projects like STEPN (GameFi with 6M users), MOOAR (NFT marketplace), and DOOAR (DEX ecosystem), GMT DAO is strategically positioning itself as a leader in Web3 and blockchain applications. FOLLOW US FOR MORE LATEST UPDATE š #BURNGMT #BURNGMT
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Binance, the worldās largest cryptocurrency exchange, is behind a newly established cryptocurrency trading platform in Hong Kong that has announced its intention to apply for a licence in the city, according to sources familiar with the matter.HKVAEX, which was established in December 2022 and launched its trading platform in February, was set up by Binance to pursue a crypto licence in Hong Kong, according to three industry insiders close to the company, who spoke on the condition of anonymity because the information is private.HKVAEX was created as a separate entity in Hong Kong under the company BX Services Limited. However, the companies share resources, the people said, and the exchangeās website shows that it is using Binance servers for fetching content.
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