#GMTBurnVote – A Community-Driven Initiative to Burn 600M GMT Tokens
The $GMT DAO has launched the #BURNGMT initiative, a groundbreaking event allowing GMT token holders to vote on burning up to 600 million tokens (~$100M value) between November 21, 2024, and January 20, 2025.
Key Features of the Initiative
1️⃣ Voting Process:
Holders can vote by visiting burngmt.com.
Participants lock their tokens and cast their vote on the token burn proposal.
2️⃣ Rewards:
A 100M $GMT reward pool will be distributed among participants at the end of the 60-day period.
Rewards depend on meeting specific milestones during the event.
3️⃣ Transparency:
The voting process is recorded on-chain, ensuring transparency and verifiability of results.
Potential Impact of the Token Burn
Supply Reduction:
Burning 600M GMT tokens reduces the total supply, creating scarcity and potentially boosting token value.
Community Empowerment:
The initiative showcases GMT DAO’s dedication to decentralization and community governance, giving holders direct influence over the project’s direction.
How to Participate
1. Verify Eligibility: Ensure GMT tokens are in your wallet.
2. Access the Voting Portal: Visit burngmt.com.
3. Cast Your Vote: Lock GMT tokens and vote on the proposal.
4. Claim Rewards: After the voting concludes, receive your share of the 100M GMT reward pool, based on participation.
💡 Why This Matters
This initiative not only strengthens GMT tokenomics but also empowers its community to play an active role in shaping the project’s future. By participating, holders influence supply dynamics while being rewarded for their contributions.
Take part in the movement and help shape GMT’s future!