The gaming sector is going against the tide, and earning doesn't stop at GameFi; there's also Move to Earn. Today, let's explore which sectors can be laid out after capital outflow, with the potential for doubling or even multiple gains!
Top recommendation: $GMT
STEPN, the 'move-to-earn' game on the Solana chain, allows players to earn GST or GMT tokens just by walking, jogging, or running, creating a new income avenue! From late last year to early this year, GMT's performance was phenomenal, with new funds pouring into the crypto space. The reason for bringing it up again is that GMT now has new strategies.
On November 19, at the STEPN official event, Yawn, a leader from the GMT team, announced that they have repurchased approximately 600 million GMT. Next, their voting platform BurnGMT.com will be launched, opening on November 21. From November 21 of next year to January 20 of the following year, you can lock in GMT tokens to vote on whether to burn these 600 million GMT or not.
This is highly beneficial for us ordinary players.
Look, there are currently 2.9 billion GMT in circulation, and nearly 800 million have already been burned. If the BurnGMT plan goes through, an additional 600 million will be burned! The remaining GMT on the market will become even scarcer, with the main selling pressure coming from annual Move to Earn rewards and foundation releases. Once this plan is implemented, the chip structure of GMT will change dramatically!
The more locked up, the more burned:
Lock 100 million within 60 days, burn 60 million that advisors will unlock in the next 10 months;
Lock 500 million within 60 days, burn 170 million that the team will unlock;
Lock 900 million within 60 days, burn 370 million that investors will unlock!
Tip:
If GMT breaks through the 0.26 line, we should enter the market when it pulls back to this position. Don't chase highs, but keep long-term attention. The 0.15 mark below is a crucial support level, so keep an eye on it!
