This 100 million $GMT airdrop can be said to be unprecedented in the crypto circle, with its great strength, absolutely a big deal that one should not miss! Without further ado, let's get to the point!
1. Highlights of the event:
The newly launched 60-day lock-up voting activity by GMT DAO not only grants users governance rights but also sets up a 100 million GMT reward pool to reward participants. Through locking and voting, users can express their opinions while also obtaining generous rewards, achieving a win-win situation.
2. Gameplay rules:
1. Lock-up participation
Users need to lock a certain amount of GMT tokens into the voting pool, with a locking period of 60 days. Tokens cannot be withdrawn during the locking period, but rewards and voting dynamics can be checked at any time.
2. Proposal voting
Users choose the governance proposal they support and confirm their vote.
Voting weight is determined by the amount and duration of locked GMT:
The more tokens locked, the greater the voting weight;
Early voting on proposals has a higher weight, and the earlier you participate, the more advantages you have.
3. Reward distribution
The total amount of the activity reward pool is 100 million GMT, and all users participating in the voting will share the rewards according to their voting weight.
Reward distribution is based on the user's locking ratio, voting time, and total number of participants.
4. Unlocking and reward collection
After the 60-day locking period expires, the locked GMT will be automatically unlocked to the wallet.
The rewards in GMT will be uniformly distributed to users' wallets after the event ends.
3. Detailed process:
1. Registration and wallet connection
Log in to the GMT DAO official website and connect a supported Web3 wallet (like Metamask). Ensure you have enough GMT and are prepared to pay a small gas fee.
2. Lock-up voting
Browse governance proposals and choose the proposal you want to support.
Enter the amount to lock, confirm to complete the vote.
3. View rewards in real-time
After the voting is completed, the reward calculation is updated in real-time, and you can check the estimated amount of GMT you can share at any time.
4. Reward collection
After the event ends, unlock the locked tokens and collect rewards.
4. Participation strategies:
Locking early yields higher returns: Participate in lock-up voting as early as possible to seize high-weight returns.
Support popular proposals: Pay attention to hot governance issues that may bring additional value gains.
Reasonable fund allocation: Allocate an appropriate locked amount based on your own holding situation to reduce locking pressure.
Analysis of BURNGMT voting gameplay
1. What is the limited time?
BURNGMT voting activities usually set a specific time period as the activity cycle, for example, each round of voting may last 7 days or a month. During this period, users must complete the voting operation, and those who do not participate within the time limit will not receive related benefits.
2. Who's coin is being burned?
The tokens burned are usually the $GMT (the native token of StepN) that users voluntarily lock and choose to destroy. By voting, users lock their $GMT to trigger the burning mechanism, thus reducing market circulation.
3. What is the mechanism that triggers burning?
The core mechanism of voting is "lock-up is burning":
Users lock $GMT to a specific smart contract address.
After voting ends, a portion of the locked tokens will be permanently destroyed from the total supply.
The amount of tokens destroyed is proportional to the number of voters and the locking amount, aiming to reduce token circulation and increase scarcity.
4. What is the voting lock-up mechanism?
The voting lock-up mechanism generally includes:
Users will lock a certain amount of $GMT during the voting period.
The locking period may be fixed based on voting rules (e.g., 7 days, 30 days, etc.).
A portion of the tokens is directly destroyed after voting, while the remaining undestroyed portion may be refunded or continue to be locked for the next round.
5. What is the return rate?
The return rate typically includes two parts:
Ecosystem rewards: Users participating in voting may receive ecosystem rewards (such as NFTs, project profit sharing, or additional $GMT ).
Price growth potential: The destruction of tokens reduces market supply, which may indirectly push up token prices, thereby increasing the value of users' held assets.
The specific return rate varies due to market performance and voting mechanisms, generally, activities with high participation have higher return rates, but there are also market volatility risks.
In general, the BURNGMT voting mechanism achieves deflation through token burning, attracting users to participate, thereby enhancing token value and strengthening ecosystem interaction. Don't miss this zero-risk, high-reward opportunity! Join the GMT DAO locked voting to share a 100 million GMT prize and become a key force in ecosystem governance! #GMT投票燃烧计划
