Core issue:
1. Whose coins are being burned?
2. How high is the return rate for voting lock-up?
3. What is the distribution of locked and unlocked coins?
1. First, let's look at the gameplay of BURNGMT voting. During the BURNGMT voting process, the coins that are often burned are the specific cryptocurrencies invested by the participants, such as GMT coins or other tokens associated with them.
The triggering of the burning mechanism is generally closely linked to voting behavior. For example, when participants vote to express support or opposition to a project proposal, community decision, or ecological development direction, they need to invest a certain number of coins according to established rules, and a portion of these invested coins will be burned. Historically, 13% of the coins have been burned, with plans to burn another 10%.
This burning mechanism aims to reduce the circulating volume in the market, which can have a positive effect on coin prices by changing supply and demand relationships, and is a key factor in the optimistic price trend of this round.
2. The issue of voting lock-up return rates. This is a point of great concern for investors. Returns will be presented in the form of additional token rewards, dividends, or cashing out gains after price appreciation. The probability of price appreciation this time is very high; I expect it to at least double. If you are worried about selling too early, I suggest participating in the lock-up plan, which has a high likelihood of significant profit.
3. Let's look at the unlocking and distribution of GMT coins.
The number of GMT coins burned reflects the amount removed from market circulation under various burning mechanisms in the past. The existence of this portion reduces market selling pressure and has a certain auxiliary effect on stabilizing coin prices.
The total supply is 5.25 billion, and after deducting various factors, the actual circulating amount is only about 3 billion, which may further decrease in the future.
Composition:
M2E - 18%
Ecological fund - 9%
BURNGMT burning plan - 10%
Historical burn rate - 13%
Circulating supply - 50%
Based on this calculation, the actual circulating market value is about 500 million, creating significant space for future coin value appreciation. It will also be relatively easy for the project party to control the market and drive up prices. Please pay close attention to price trends, as it is very likely to move independently in the near future.
Q: Do you think it can rise 5 times in a month?
