#GMT Voting Burn Plan is an innovative community engagement activity that not only provides holders with a direct opportunity to participate in token management but may also positively impact the market performance of GMT tokens.
Here is some information about why to participate in the BURNGMT plan, how to participate, and the historical records of GMT burns.
Why participate in the BURNGMT plan?
1. Community governance: The BURNGMT plan allows GMT holders to directly influence the future development of the token by voting on their views regarding token burns, which is a true practice of community governance.
2. Token value enhancement: A burn plan may increase the value of GMT tokens by reducing the supply of tokens in the market, as a decrease in supply while demand remains constant or increases typically leads to a price increase.
3. Reward opportunities: Participants have the chance to earn up to $20,000 worth of $GMT as a reward, which is an appealing economic incentive.
4. Enhance holder confidence: By participating in such a plan, holders can see the project's commitment to the long-term value of the tokens, which may enhance their confidence in the project.
How to participate in the BURNGMT plan?
1. Visit BurnGMT.com: Users need to visit the BurnGMT.com website and link their wallets.
2. Lock GMT: Lock the GMT tokens held on the platform to gain voting shares. The amount of locked GMT and the duration will determine the extent of voting rights.
3. Voting: Vote on the platform to choose whether to support the official burning of repurchased GMT tokens. The more tokens locked, the more GMT will be burned.
4. Obtain rewards: Based on the amount and duration of locked GMT, participants will have the opportunity to receive GMT rewards. Additionally, participants will receive a limited edition hat NFT as a memento of their participation.
Historical records of GMT burns
According to search results, users in STEPN have consumed 800 million GMT over the past 2 years.
. Furthermore, the GMT team has invested approximately $100 million to repurchase all 600 million GMT allocated to early investors, advisors, and team members that are not unlocked; these tokens will gradually unlock over the next 10 months but will be directly burned after meeting voting standards, indicating the project's emphasis on the long-term value of the tokens and community governance.
By participating in the BURNGMT plan, GMT holders can not only influence the future of the token but also shape the token's value and market performance through the power of the community.
This is a plan worth paying attention to and participating in, especially for those holders who wish to actively engage in token management and enhance token value.
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