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Bullish
The GMT Burn Initiative is a significant event in the GMT ecosystem, which includes products like STEPN, a popular move-to-earn app, and partnerships with various fitness and lifestyle brands. GMT tokens are central to this ecosystem, earned through activities and used across different platforms.
The initiative aims to burn up to 600 million GMT tokens, equivalent to $100 million. Additionally, this burn is expected to reduce the total supply significantly, increasing the value of the remaining tokens. By locking and voting on proposals, holders can influence the future of GMT, promoting a decentralized and transparent governance model. Finally, it won’t only increase the token's value and prevent inflation but also strengthens the community's role in decision-making, resulting in a more sustainable and engaged ecosystem.
$GMT
#BURNGMT
The initiative aims to burn up to 600 million GMT tokens, equivalent to $100 million. Additionally, this burn is expected to reduce the total supply significantly, increasing the value of the remaining tokens. By locking and voting on proposals, holders can influence the future of GMT, promoting a decentralized and transparent governance model. Finally, it won’t only increase the token's value and prevent inflation but also strengthens the community's role in decision-making, resulting in a more sustainable and engaged ecosystem.
$GMT
#BURNGMT
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