$KITE new resistance is 0.09, there's a possible to reach the new ath 0.2, this is just an option and you're welcome to share your thoughts as well.💲💰💸
if you're afraid to take a risk don't expect a profit from that token
Cranius
--
I can't trust $USUAL so much, there are two variables working against, the natural bad market and the drops of coin. How to trust that it wont drop now increasing the inflation? 🤔
Watch out the GMT token this token has been silent for months. For those people hold this token. This is my advance congratulations for you the burning system is coming💸💰
🔥🔥GMT Tokenomics and the Effect of the 600M Token Burn🔥🔥
🔥The structure of GMT’s tokenomics plays an important part within its value proposition as it strives towards utility, scarcity, and growth at the same time. For the reasons stated earlier, GMT is the governance token of the entire STEPN ecosystem which includes the member who holds this token has voting rights, earns staking rewards, as well as access premium features on the platform. The maximum number of tokens in circulation has been capped at six million. These are divided across several segments which include ecosystem reserves, team allocation and community allocation among others.
🔥Burning 600 million GMT tokens which is 10% of the entire supply is a very bold strategy which is meant to deepen scarcity and help price levels be stable over time. Token burning has the effect of reducing available circulating supply, demand and market value can increase given the right conditions, emphasis on increasing adoption and utility within STEPN’s ecosystem will be important in this case.
🔥The main tenant of this burn is value creation for all the holders of the tokens, thus the position integrates very well with understanding’s of these other successful projects. Investors may find it easier to invest owing to the reduction in available supply of the token but for active participants in the ecosystem, there will be better token dynamics.
🔥In summation, the burning of 600M GMT evaluates the intentions to leverage GMT’s positions in the market. But, the influence it has on consumption patterns will be directly affected by how effectively the platform grows and retains users, so that the decreased supply will be able to create actual value for its community.
According to the AMA and GMT developers they will conduct a buyback💰💸
A buyback (also called a share repurchase) is when a company repurchases its own shares from the stock market or directly from shareholders. This reduces the number of outstanding shares and increases the ownership stake of remaining shareholders. Companies typically initiate buybacks for a variety of reasons, including:
Returning Value to Shareholders: By reducing the supply of shares, the value of each remaining share may increase, benefiting shareholders.
Belief in Undervaluation: Companies may believe their stock is undervalued and buy back shares as an investment in themselves.
Improving Financial Ratios: Buybacks can improve metrics like earnings per share (EPS) by reducing the denominator (number of outstanding shares).
Preventing Hostile Takeovers: By reducing the number of shares in circulation, buybacks can make it harder for outsiders to gain control of the company.
Flexibility Compared to Dividends: Unlike dividends, buybacks are not seen as a long-term commitment, providing companies with more flexibility.