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More about GMT DAO initiative;
The GMT DAO, an independent organization of GMT token holders, has launched the GMT Burn Initiative, a bold step towards community-driven governance and sustainable tokenomics in the web3 space. This initiative invites GMT holders to participate in the decision-making process to burn up to 600 million GMT, valued at $100 million. The program emphasizes transparency, collaboration, and the empowerment of its community.
Participants can visit burngmt.com to lock their tokens and vote on critical proposals, including the flagship burn initiative. To incentivize participation, the DAO will reward users with an exclusive soulbound NFT titled Make GMT Great Again Red Hat, which documents their voting activity and related airdrops through embedded metadata.
GMT DAO Launches GMT Burn Initiative
Discover the GMT Burn Initiative by GMT DAO, enabling holders to vote on burning up to 600M GMT tokens. Learn how this community-led event fosters transparency and sustainable growth.
Key Features of the Initiative
Lock and Vote: GMT holders can actively shape the token’s future by casting their votes. The process not only gives participants a voice but also rewards them with the exclusive NFT that tracks their engagement.
Earn Rewards: To further engage its community, the DAO has allocated 100 million GMT as rewards to be distributed over the 60-day voting period. These rewards are contingent on milestones being met during the initiative.
On-Chain Transparency: The entire voting process is recorded on the blockchain, ensuring the integrity of results. This guarantees that every decision is verifiable and transparent to all participants.
Regular Voting Cycles: The burn initiative marks the beginning of a continuous community engagement model. Quarterly voting cycles will allow GMT holders to part
Participate in shaping the ecosystem's development regularly.
Final Thoughts
The GMT Burn Initiative sets a new standard for community engagement in the web3 ecosystem. By allowing holders to vote on the potential burn of 600 million GMT tokens, the DAO underscores its dedication to decentralization and transparency. Voting is now open at burngmt.com, inviting all GMT holders to play an active role in shaping the token’s future.
