Today I will answer a few questions from fans:

1. Is there still a hundredfold coin?

2. Can the two new coins on Binance yesterday be surged?

3. Can GMT reach 1 dollar?

① There is definitely a hundredfold coin, and it often makes appearances.

② It is not advisable to chase new coins after they are listed; you can enter after a 50% drop later.

② If this time the GMT voting destruction is successful, it is not impossible for it to reach 1 dollar taking advantage of this wave of enthusiasm.

Of course, there are many people who do not quite understand what kind of token GMT is, so here is a brief explanation for fans who do not understand:

GMT is the governance token of STEPN. The token economics mainly include distribution, destruction, and utility. The total supply of GMT is 6 billion, and the main distribution is as follows: 30% for move-to-earn, 30% reserved for ecosystem and community incentives, 16.3% for the team, 7% for private placement investors, 14.2% for public sale, and the remaining portion for liquidity and advisor rewards.

Token destruction: STEPN has designed various destruction mechanisms, including using GMT for upgrading shoes, minting new shoes, participating in governance, and special functions, etc. The core purpose of token destruction is to enhance the scarcity and value of the token by reducing the circulation.

The destruction of 600 million GMT (about 10% of the total supply) has a significant impact on the market.

1. Reduced circulating supply: Directly reduces the market circulation, alleviates selling pressure, and helps stabilize or even increase the token price.

2. Enhanced market confidence: Destruction demonstrates the team's long-term support for the token's value, attracting more investors and users to participate.

3. Ecological growth momentum: Destruction can be combined with incentive measures (such as higher returns from move-to-earn) to drive user growth and expand the influence of the STEPN ecosystem.

The long-term effects of the destruction volume depend on the speed of ecosystem expansion and the growth of token demand. If user and activity levels cannot be improved in sync, short-term value growth may be limited. #BURNGMT @GMT DAO