After a huge trading volume appeared at the bottom of GMT, the price surged significantly, mainly due to:

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GMT has completed a full migration to the Polygon chain, which will reduce transaction gas fees.

A burning event of 600 million tokens of GMT has been initiated, expected to last until January 20, 2025, and the earlier GMT is locked, the more rewards will be obtained.

Users who lock their tokens and participate in voting will be able to earn up to 300% annualized returns daily and have the chance to unlock limited edition NFTs.

This strategy is similar to the staking reward mechanisms of other projects, stimulating investor participation through high returns, leading to price increases. While this kind of operation brings opportunities, it also comes with certain risks, so it is very important to manage risks wisely.

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