Recently, there has been a flood of news in the square about 'GMT sharing 100 million rewards'. Many people are showing off their staking earnings; some say they only received 50U, while others say their earnings are much higher. With the mindset of 'verifying the truth', I personally tried it, staking 5000 GMT, and in three days, my total earnings reached 110U! This not only exceeded many people's expectations but also gave me a deeper understanding of this gameplay. Today, I will analyze the $GMT voting burn plan in detail to help everyone participate better and earn rewards.
My Staking Experience: Where do earnings come from?
Staking rules affect earnings
Staking Amount: My staking amount is 5000 GMT, far exceeding the testing scale of some users. The larger the staking scale, the higher the proportion of rewards shared.
Staking Duration: During the voting lock-up period, earnings are dynamically accumulated. Short-term staking may lead to earnings lower than expected.
Actual Earnings Fluctuation
The first round of earnings is relatively small, but as more people participate in the burn plan, the total pool rewards and voting distribution ratios gradually increase.
Full Analysis of the BURNGMT Voting Gameplay
1. Limited Time: Master the time window
Each voting activity has a fixed time window. You need to complete staking and voting within the specified time; otherwise, you will miss the opportunity. Timing is key, and it is recommended to keep an eye on official announcements and activity details.
2. Burning Mechanism: Where did your GMT go?
The GMT submitted during voting will be permanently burned, which is also the core of the 'burn plan'. The burned GMT is used to support ecosystem development or project goals while reducing market circulation, enhancing the long-term value of GMT.
3. Trigger Conditions: Voting means burning
With each vote, the system will burn an equivalent amount of GMT based on your staking behavior. In other words, voting triggers the burn, and your tokens become 'contributions' to support the ecosystem.
4. Lock-up Period: Rules vary by activity
The lock-up period for GMT is determined by the activity rules, which may be 7 days, 14 days, or longer. After the lock-up ends, some rewards will be returned to your wallet, while some tokens will be burned. Please pay attention to the platform announcements for specific ratios.
5. Composition of Earnings: Rewards and rights both earned
Reward GMT: After staking, the platform will distribute reward tokens based on your contribution ratio.
Governance Rights: Voting behavior will increase your governance rights in the ecosystem, giving you the opportunity to participate in more decisions.
Volatility: Earnings are influenced by the staking scale and the number of participants; larger and longer-term users often receive more returns.
