The FSL (Fourth Sector Labs) ecosystem was born in August 2021, when FSL created the GMT token to power a series of groundbreaking projects. Amid a rapidly evolving cryptocurrency landscape, FSL launched STEPN, a fitness app that rewards users with GMT tokens for being active. This initiative was followed by the creation of MOOAR, a thriving NFT marketplace, and Gas Hero, a blockchain-based game. Each of these projects contributed to the growing utility and value of GMT, positioning it as a pivotal component in the FSL ecosystem.
GMT SUPPLY: GMT has a total supply of 6 billion tokens, with a circulating supply that fluctuates based on various initiatives and burns. The token’s value has seen significant peaks and troughs, including a historic high of $4.11 in April 2022 and a low of $0.08527 in August 2024. Despite the volatility, GMT’s integration into FSL projects has driven consistent engagement and growth.
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GMT Buyback and #BURNGMT Empowering the Community
GMT nnounced a 600 Million Token Buyback – And the Users Get to Decide What Happens Next!
In a groundbreaking move, the GMT DAO recently executed a 600 million GMT token buyback, valued at approximately $100 million. But the most exciting part? They're giving the community the power to decide what happens next through the BURNGMT Initiative.
What Is the BURNGMT Initiative?
The BURNGMT Initiative is a community-driven decision-making process where GMT holders vote on whether to burn the 600 million repurchased tokens. This potential burn would permanently remove these tokens from circulation, increasing their scarcity and potentially driving up their value. It's an opportunity for the community to actively shape the future of GMT and its ecosystem.
🔥 What’s the Benefit of Burning?
Burning tokens reduces the total supply, which can lead to increased scarcity and higher value for the remaining tokens. This is similar to limited-edition items becoming even more valuable when their numbers decrease. By participating in the burn, token holders can make their existing GMT tokens potentially more valuable, benefiting from the basic principles of supply and demand.
Why $GMT Is More Than Just a Token
GMT is not just another cryptocurrency; it powers an ecosystem with real-world applications and high-profile partnerships. Here's a quick look:
- STEPN: A fitness app that rewards users for being active with GMT tokens.
- MOOAR: An NFT marketplace powered by GMT, offering exclusive digital assets.
- Gas Hero: A blockchain-based game with trades and upgrades driven by GMT.
Partnerships with global brands like Adidas and Asics highlight GMT’s mainstream appeal and utility, making it a valuable asset in both the crypto and real-world economies.
Here’s How You Can Be Part of It
Taking part in the BURNGMT Initiative is simple:
1. Go to http://burngmt.com
2. Lock your GMT tokens for 60 days – During this period, you’ll vote on whether the tokens should be burned.
3. Reap the rewards – Participate in the vote and earn a limited-edition “Make GMT Great Again” NFT, along with a chance to win from a 100 million GMT reward pool!
Why Should You Care?
This initiative is a unique chance to have a direct impact on the future of GMT. While many projects claim to be community-driven, GMT is putting this claim into action. The vote could lead to a reduced token supply, potentially increasing the value of the tokens you hold. It’s an opportunity to shape the token's trajectory and see immediate benefits from your participation.
You can seize this moment to be part of something bigger. By locking your GMT tokens, you have the power to cast your vote, and contribute to the evolution of the GMT ecosystem.
