According to BlockBeats news, on November 19, during today's STEPN official Townhall event, GMT team co-founder Yawn announced that the team has successfully repurchased approximately 600 million GMT tokens. These tokens mainly come from the unlocked shares held by early investors and advisors, as well as some tokens allocated to the team. Yawn revealed that the repurchased batch of GMT will be donated to the ecological fund managed by GMT DAO.
The voting platform BurnGMT.com, developed by the ecological fund, will officially launch on November 21, and users will vote on whether to burn the 600 million GMT tokens repurchased by the team by locking GMT tokens from November 21, 2024, to January 20, 2025.
In addition, users participating in the voting will receive a total of 100 million GMT as an additional reward, in support of the community's first participation in voting.
