Through this initiative, GMT holders will vote on the decision to burn up to 600 million GMT, equivalent to 100 million USD, marking this as one of the most ambitious token burns in the web3 ecosystem.
GMT DAO Launches Groundbreaking Burn Initiative with a Target of Up to 600 Million GMT !
How It Works:
Lock and Vote:
GMT holders can participate by visiting burngmt.com, where they can lock their tokens and cast their vote on various proposals, including the first of its kind “GMT Burn Initiative”. Participants will receive an exclusive soulbound ‘Make GMT Great Again’ Red Hat NFT as a token of acknowledgement for their involvement. This NFT will record metadata detailing the claimed and eligible airdrops, as well as the votes cast.
Earn Rewards:
A total of 100 million GMT will be distributed at the end of the 60-day voting period as rewards to participants, contingent on achieving milestones.
On-Chain Transparency:
The voting process is recorded on the blockchain, allowing anyone to verify results and ensuring the integrity and transparency of each decision.
Regular Voting Cycles;
This burn initiative is just the beginning. Moving forward, GMT DAO will introduce new proposals and voting cycles every quarter, giving holders regular opportunities to shape the future of
GMT via gmtdao.com.
