If the destruction of 600 million tokens in this wave is successful

So can GMT at $0.2 return to its peak of $4?

If that really happens, wouldn’t it be a 20-fold return if you buy at the bottom now?

Without further ado, let me give you a detailed analysis:

Let's talk about the GMT team first. They bought back the unlocked GMT tokens from investors and consultants and donated 600 million GMT to GMT DAO. Now GMT DAO has launched a lock-up vote for users to decide whether to destroy these 600 million GMT and share 100 million GMT tokens among the voting users. This move is tantamount to accumulating a lot of fans for GMT. If the 600 million tokens are successfully destroyed, the token supply will be reduced, which will indirectly increase the value of GMT tokens.

From this we can see that the GMT team is working actively and not giving up. It is not impossible to return to $4 in this bull market!

So how does the 600 million token destruction vote work? Here is a brief introduction for you:

BURNGMT voting gameplay analysis

1. What is the time limit?

BURNGMT voting is usually open during a specific activity period, such as a 7-day or 14-day window. During this time, users can participate in voting and related activities. After the voting is over, the results and related benefits will be settled.

2. Whose coins are being burned?

What is burned is mainly the GMT (Green Metaverse Token) of participating users. Users need to use their GMT for voting, and these GMT will be destroyed (Burn) after voting, thereby reducing the circulation in the market and playing a deflationary role.

3. What is the mechanism that triggers combustion?

When voting, users need to stake and submit a certain amount of GMT. According to the voting activity rules, once the vote is confirmed, the staked GMT will be directly destroyed. The trigger mechanism is usually when the user completes the vote or meets the minimum participation conditions of the activity.

4. What is the voting lock mechanism?

Users need to lock up a certain amount of GMT to participate in voting. The lock-up period generally matches the activity time. The locked GMT is unavailable and cannot be withdrawn. After the voting is over, some or all of the locked assets may be destroyed or returned based on the results or profit rules.

5. What is the rate of return?

The rate of return is usually related to the total reward pool of the activity and the number of participating users. After participating in the vote, users may receive GMT rewards or other rewards (such as NFT or token airdrops) based on their voting ratio. In theory, the fewer the participants, the higher the rate of return for a single user, but the actual return depends on the specific activity rules and may be 10%-50% or higher.

Summarize

BURNGMT votes to destroy users' GMT, reduce circulation supply, enhance token value, and attract more users to participate through the reward mechanism, forming an interesting deflationary economic model. #GMT投票燃烧计划