GMT rose from 0.01 to 4 dollars early on, a violent increase of 4000%, creating a hundredfold myth for early investors, as this token has strong backing. Now GMT has started a liquidity reduction activity for staking, preparing for another explosive increase. Moreover, this staking can be participated in because the staking period coincides with Trump taking office. At that time, another wave of good news will come, it's simply a win-win! Let me introduce this activity.
In-depth analysis of the GMT voting burn plan: Opening a new era for the GMT ecosystem
1. Why must you participate in the BURNGMT plan?
Participating in the BURNGMT plan is not only a huge support for the GMT ecosystem but also the best opportunity to grasp the explosive value of GMT. By voting to decide whether to burn 600 million GMT, participants can directly influence GMT's market supply, thus driving up GMT prices, and can receive rewards of up to 100 million GMT during the voting process. This not only reduces the circulating supply of GMT in the market, increasing GMT's scarcity and value, but also encourages more users to join the GMT ecosystem, forming a virtuous cycle that lays a solid foundation for GMT's long-term development.
2. The strong background and strength of the GMT team
The team behind GMT is a group of elite members full of innovation and execution power. They successfully created a phenomenal GameFi product like STEPN, which has attracted over 6 million users and become one of the most popular Move-to-Earn applications globally. Moreover, GMT has established strategic partnerships with several internationally renowned brands such as Casio, ASICS, and Adidas, which not only enhance GMT's brand awareness but also expand GMT's application scenarios in real life. Most importantly, the GMT team has shown their strong confidence and long-term commitment to the GMT ecosystem by repurchasing and donating 600 million GMT to the GMT DAO.
3. BURNGMT gameplay tutorial: Easy participation, substantial returns
- Voting lock-up mechanism: Participants only need to lock at least 100 GMT for a period of 60 days, from November 21, 2024, to January 20, 2025. During this period, 1.67 million GMT will be proportionally distributed as rewards based on the locked amount each day. This means participants can not only receive instant GMT rewards but also gain greater profits after GMT prices rise.
- Mechanism to trigger burning: When enough GMT holders vote to support the burning, 600 million GMT will be permanently removed from circulation. This process will be completed transparently and fairly under the supervision of the GMT DAO, ensuring that the rights of every participant are protected.
- Current return rate: Through locked voting, participants can not only gain instant GMT rewards but also significantly enhance the long-term value of GMT. With the destruction of 600 million GMT and the reward of 100 million GMT, the total supply of GMT will be greatly reduced, further enhancing GMT's scarcity and market value.
4. How to easily participate in BURNGMT
Participating in the BURNGMT plan is very simple. First, ensure you have at least 100 GMT in your wallet. Then, visit [BURNGMT.com](http://BURNGMT.com), connect your wallet, and follow the instructions to complete the locked voting process. After successful participation, you will receive the "Make GMT Great Again" NFT as proof of participation. After the 60-day lock-up period ends, you can claim corresponding rewards based on the amount of locked GMT, easily enjoying the substantial returns from the increase in GMT value.
5. Unlocking and distribution of GMT tokens: Transparent and fair
- Burned and unburned tokens: So far, about 800 million GMT have been burned, accounting for 13% of the total supply of GMT. Through this BURNGMT plan, another 600 million GMT is expected to be burned, which will further reduce the circulating supply of GMT and enhance its market value.
- Number and distribution of unlocked tokens: About 50% of GMT is in circulation, mainly concentrated in Move-to-Earn applications, ecological funds, and other users. The widespread use of these GMT not only enhances the usage scenarios of GMT but also boosts GMT's market demand.
- Distribution of unlocked tokens: The remaining 40% GMT is being gradually unlocked, part of which will be used for future ecological development, such as new GameFi projects, NFT markets, etc. These unlocked GMT provide strong support for the sustained development of the GMT ecosystem.
6. Future outlook on GMT's value: Infinite potential
With the successful implementation of the BURNGMT plan, the total supply of GMT will be significantly reduced, which not only enhances GMT's scarcity but also provides strong support for the long-term rise of GMT prices. In addition, the strong team behind GMT and the diverse ecological products lay a solid foundation for GMT's future development. Whether from a short-term or long-term perspective, participating in the BURNGMT plan is an excellent choice that will bring substantial returns to GMT holders and open a new chapter for the GMT ecosystem.
