đ„ Why Participate in the BURNGMT Initiative? Unlock the Power of Community-Driven Growth! đ„
The BURNGMT Initiative represents a groundbreaking moment in GMTâs journey, combining decentralized governance with impactful tokenomics. Letâs explore why you should join this transformative initiative and how it works.
What is the BURNGMT Initiative?
The initiative revolves around burning 600 million GMT tokens, worth $100 million, which were repurchased from early advisors, teams, and investors. These tokens, previously locked, are now donated to the GMT DAO for a community vote. This initiative not only amplifies GMTâs deflationary tokenomics but also strengthens its ecosystem.
GMT Ecosystem: Products and Partnerships
GMT is at the heart of a thriving ecosystem that includes innovative platforms and strong partnerships:
STEPN: A fitness app with over 6 million users redefining health and lifestyle.
STEPN GO: A step towards social connection through gamified activities.
MOOAR: A dynamic NFT marketplace.
DOOAR: A cross-chain decentralized exchange for seamless transactions.
Moreover, collaborations with global brands like Adidas, ASICS, and Casio elevate GMTâs reach and adoption.
How Does the Voting Mechanism Work?
1. Voting Period: From Nov 21, 2024, to Jan 20, 2025 (60 days).
2. Token Lock: Participating users lock their tokens during this period.
3. Rewards: A generous 100M GMT reward pool is distributed among participants based on their contributions.
4. Outcome: If the community votes to burn, the 600M tokens are permanently removed, reducing circulating supply and boosting token value.
Tokenomics and Burn Impact
Burning 600M GMT (10% of total supply) significantly impacts:
Supply: Reduces the total circulating supply, creating scarcity.
Value: Drives potential price appreciation by enhancing demand dynamics.
Community: Empowers users with governance over token economics.
How to Participate?
1. Access the voting platform via the GMT DAO.
2. Lock your tokens during the voting window.$GMT