What is BURNGMT?
BURNGMT is an innovative initiative by GMT DAO and Elon James Official, currently in its Public Beta Phase 6. Running from November 21, 2024, to January 20, 2025, it provides a unique opportunity for GMT holders to earn rewards and influence the future of the project.
How does BURNGMT work?
Through BURNGMT, GMT token holders can vote on burning 600 million tokens from reserves originally allocated to the team, investors, and advisors. These tokens will be donated to the GMT DAO, allowing the community to have a say in the project’s direction. Participants lock their GMT tokens to vote and earn rewards from a 100 million GMT pool during the lock period.
Why is this important?
1. Deflationary Impact: Burning 600 million tokens will reduce the supply of GMT, potentially increasing its value and market confidence.
2. Community Empowerment: The initiative strengthens decentralization by enabling the community to vote and influence key decisions.
3. Market Impact: With only 27% of the tokens in circulation over six years, this reduced supply could drive price growth.
Joining Bonuses:
Daily Passive Income: Earn rewards while your GMT is locked.
Impact the Future of GMT: Play a part in shaping the ecosystem’s decisions.
Additional Benefits: Participate in projects like STEPN, MOOAR, and DOOAR.
How to Join:
1. Log in via Binance and navigate to the BURNGMT voting page.
2. Lock your GMT tokens and vote.
3. Track your rewards daily and check the final results on January 20, 2025.
Participate in the #BURNGMT campaign for a chance to win a $10,000 prize! Don’t miss this opportunity to shape the future of GMT and earn rewards.