Ready to be part of something big? Your vote on the GMT Buyback could change the future of GMT and earn you rewards! 🚀💸
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GMT is a cryptocurrency that is making waves in the digital world 🌐💥. Recently, the GMT team bought back 600 million GMT tokens, worth $100 million 💵💎, from early investors and advisors. These tokens were never unlocked before. Now, these tokens are being given to the GMT DAO for a special voting event 🗳️, where the community will decide what happens to them. The event will run from November 21, 2024, to January 20, 2025 📅. The big question is whether these tokens should be burned 🔥, meaning permanently destroyed.
Why Should You Take Part in the BURNGMT Initiative? 🤔
You might be wondering, “Why should I participate?” Well, if you join in, you get a chance to influence what happens to these 600 million GMT tokens. If the vote is in favor of burning the tokens 🔥, the total number of GMT tokens will be reduced 📉. This could make the remaining tokens more valuable in the future 📈. Plus, participants who vote will be rewarded! There is a total of 100 million GMT tokens 🏆 up for grabs, which will be shared among the voters 💸.
What is GMT and How Does it Work? 🤖
GMT is a digital token used in many different products 🛠️. One of the biggest uses is in the STEPN app 📱, which is used by over 6 million people to earn rewards by staying active 🏃♂️💰. GMT is also used for making payments 💳, staking 💎, and fees on other platforms like MOOAR (for trading NFTs 🎨) and DOOAR (for trading across different blockchains 🌉). GMT is also getting more attention 👀 because it is partnering with big brands like Casio ⌚, ASICS 👟, and Adidas 👕, which helps it grow 🚀.
How Does the Voting Burn Mechanism Work? 🔥💡
The voting process is simple 📝. From November 21, 2024, to January 20, 2025, you can vote 🗳️ to decide if the 600 million GMT tokens should be burned 🔥 or not. Burning these tokens means they will be removed from the supply 💨, which helps the remaining tokens become more valuable 💸. Everyone who votes will share in the reward pool of 100 million GMT tokens 🏅.
How Does Burning Tokens Help GMT? 🔥💪
When you burn tokens, the total supply of GMT gets smaller ➖. This is a good thing because fewer tokens in circulation could lead to higher value for the remaining tokens 💹. The 600 million GMT tokens that are being voted on were originally set aside for early investors, advisors, and the team but were never unlocked 🚫. By burning these tokens, GMT makes its system stronger 💪 and more stable in the long run ⏳.
How Can You Join the BURNGMT Initiative? 🙌
Joining is easy! Just visit the GMT DAO website 🌐 during the voting event 🗳️, which runs from November 21, 2024, to January 20, 2025 📅. Vote 🗳️ on whether to burn the 600 million GMT tokens 🔥, and by doing so, you will help decide the future of GMT 🛠️. Plus, you will be eligible for a share of the 100 million GMT reward pool 🏆. It’s a great way to get involved and earn rewards 🎁!
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