#GMTBurnVote 🎁🦅 The GMT DAO has initiated the BURNGMT initiative, a community-driven event running from November 21, 2024, to January 20, 2025, allowing GMT token holders to vote on burning up to 600 million GMT tokens (valued at $100 million).
Key Aspects of the Initiative⤵️
Voting Process➡️ GMT holders can participate by visiting burngmt.com, where they can lock their tokens and cast their vote on the token burn proposal.
Rewards➡️ Participants are eligible for a share of a 100 million GMT reward pool, distributed at the end of the 60-day voting period, contingent on achieving specific milestones.
Transparency➡️ The voting process is recorded on the blockchain, ensuring transparency and verifiability of the results.
Potential Impact of the Token Burn⤵️
Supply Reduction: Burning 600 million GMT tokens would decrease the total supply, potentially increasing the token's value due to scarcity.
Community Empowerment➡️This initiative exemplifies GMT DAO's commitment to decentralization and community involvement, allowing token holders to influence the project's future direction.
How to Participate⤵️
1. Verify Eligibility✨ Ensure you hold GMT tokens in your wallet.
2. Access the Voting Portal✨ Visit burngmt.com to participate.
3. Cast Your Vote✨Lock your GMT tokens and vote on the token burn proposal.
4. Claim Rewards✨ After the voting period concludes, receive your share of the 100 million GMT reward pool, based on your participation.
By engaging in this initiative, GMT holders have a unique opportunity to directly influence the project's tokenomics and future trajectory.
