Only old coin enthusiasts may remember
The running shoes that were all the rage in the crypto world
Just by moving your feet and taking a walk, you could earn money
Making countless people rich, with daily earnings reaching over 1000 U
This once wildly popular project (GMT) is back with a new gameplay; now, participants in GMT voting and locking can earn rewards of over 200 U daily. If you’re unsure about how it works, please read the following content carefully:
1. Detailed process for voting to share 100 million GMT
Locked voting: Users lock a certain amount of GMT as the basis for voting weight. The amount and duration of the lock determine the voting weight; the more you lock and the longer the time, the higher the weight.
Weight calculation: Voting weight is calculated based on the product of the amount of GMT locked and the duration of the lock.
2. Limited time
Each round of voting activities has a fixed limited time, usually 7 days or 14 days, set by the platform. During the limited time, users can participate in voting, but after voting ends, they will not be able to continue participating in that round and must wait for the next one.
3. Whose coins are being burned
The unallocated portion of the user's locked assets: After participating in voting, a portion of the locked GMT that is not used for reward distribution will be destroyed, reducing market circulation.
Platform sets additional burn: In some activities, the platform may set an additional burning mechanism to destroy GMT from activity earnings or reserves to further enhance the deflationary effect.
4. Mechanism triggering the burn
Threshold for voting volume: When the total voting volume reaches a preset threshold (such as total locked amount reaching 100 million GMT), the burn is triggered.
Dynamic trigger: In some activities, the burning mechanism may be dynamically activated based on daily voting participation.
5. Voting lock mechanism
Lock duration and weight: The longer the lock period, the higher the voting weight, so users need to choose the lock duration based on their strategy.
Extending the lock period: Some activities may require extending the lock period after voting ends to further reduce market selling pressure.
6. What is the return rate
Number of participants: The fewer participants, the higher the reward ratio for each user; early participation often yields higher returns.
Total voting volume: When the total locked volume is high, the rewards per unit voting weight are lower, and competition becomes more intense.
