In 2021, @GMT DAO 's #stepn launched an NFT+National Fitness gameplay. At that time, I bought a pair of shoes to run daily tasks to earn GMT. Because the pace could not keep up, it was difficult to make a profit. Later, I sold the shoes at a loss.
Recently, GMT DAO launched a text activity on the theme of #GMT投票燃烧计划 on Binance Square. I paid attention to the trend of $GMT again:
The market breaks through 0.3752 and stabilizes. There is a lot of room behind! I will slowly allocate some positions later.
1.What is the GMT voting burning plan?
The GMT team bought back the unlocked GMT from investors and consultants and donated 600 million GMT to GMT DAO. BURNGMT was initiated by GMT DAO. Through a 60-day lock-up vote from November 21, 2024 to January 20, 2025, users can vote on whether to burn the 600 million GMT and share 100 million GMT as participation rewards during the voting process. In this way, only 27% of GMT from move2earn and the ecological fund will be unlocked and released in the next six years, reaching full circulation.
2. GMT unlocking and distribution
The circulation of GMT is about 30Y, and the burngmt plan is -600 million GMT soft lock to prepare for voting and burning, accounting for 10% of the total.
The overall situation is as follows:
M2E 18%
Ecosystem Fund 9%
BURNGMT Burning Plan 10%
History Burned 13%
Circulating shares 50%
3. How to participate#BURNGMT
Conducted on P-chain. Participate in voting with at least 100GMT to obtain Little Red Riding Hood NFT pledge certificate
