Crazy STEPN is preparing to repurchase and destroy 600 million GMT with 100 million USD to say goodbye to VC coins. STEPN (Move-to-Earn) is a pioneer that has quickly attracted global users since its launch in 2021, with nearly 8 million registered players. It has also collaborated with multiple international brands and well-known IPs such as Asics, Adidas, Casio, Ghost in the Shell, Steve Aoki, and Snoopy, further expanding its brand influence. The wide range of ecological products under StenN is also a reason for the strong price of GMT, including cross-chain Dex, NFT marketplace, launch platform, move2earn, blockchain games, meme coins, etc. This time, STEPN used 100 million USD to repurchase 600 million GMT. Users can vote on whether to destroy the 600 million GMT tokens repurchased by the team by locking GMT tokens on the Polygon chain through BurnGMT from November 21, 2024, to January 20, 2025. Participants in the voting will also receive a total of 100 million GMT as an additional reward for participating in the community voting event. The economic model of GMT has always been a deflationary mechanism. The team has repurchased 800 million in the past, and currently, there are 3 billion in circulation. StepN is still repurchasing and destroying through various mechanisms. This voting to destroy the locked-up 900 million means that 600 million GMT will be completely destroyed. Including the reward of 100 million, there will only be 1.6 billion in circulation in the market, which is half of the original amount, and the price has the potential to double. After the destruction, it means that the selling pressure from VC unlocks every month will be eliminated, and GMT will be almost fully circulating, leaving only move to earn and foundation releases, which will have little impact on future selling pressure. GMT becomes the first token to achieve full circulation on Binance Launchpad. For the StepN locking and destruction play, it is almost a blatant strategy to pump the price. For players, there are several strategic gameplay options. Short-term strategy: Directly buy spot GMT to gain profit from the rise, can sell at any time. Medium-term strategy: Lock and vote some GMT to earn voting rewards while selling the spot at suitable positions. Long-term strategy: Participate in voting and continue to receive returns. However, the price may drop after the lock-up ends. Locked players earn GMT rewards to increase their holdings, while spot players can sell at any time to earn from the rise of GMT. With Bitcoin nearing 100,000 USD and funds flowing out, GMT has been consolidating at the 0.15 position for nearly six months. With the possibility of an altcoin season at any time and the good news of destroying 600 million GMT with 100 million USD, it has reached the best entry point, and it is time to buy in divided positions and wait for the climax of the voting destruction.