Binance Square is pleased to introduce the launch of a new campaign on the Task Center on the Binance App. Users can complete simple tasks daily to unlock a share of $5,000 in USDC token rewards and earn Binance Points.Ā
Activity Period: 2024-12-19 06:00 (UTC) to 2024-12-25 06:00 (UTC)
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks:Ā 1. Check in to Binance Square daily.* 2. Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair.Ā 3. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).Ā
Notes: Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours.Ā
Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.Ā
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
Terms & Conditions This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid.Ā Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub.Ā Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.Ā
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In the dynamic world of cryptocurrency, @GMT DAO @STEPN | Public Beta Phase VI is making headlines with its innovative BURNGMT initiative, a strategic vote to burn 600 million GMT tokens. Running from November 21, 2024, to January 20, 2025, this community-driven event reflects the teamās commitment to decentralization, market stability, and sustainable growth.
What is the BURNGMT Initiative?
BURNGMT allows GMT holders to vote on whether 600 million tokens should be burned. This massive pool of tokens comes from unlocked reserves initially allocated to advisors, investors, and the team, which were donated to the GMT DAO for community decision-making. Participants lock their tokens to cast a vote, with their commitment rewarded from a 100 million GMT pool.
Why Is This Important?
1. Deflationary Tokenomics:
Burning 600 million tokens represents a substantial reduction in supply, potentially driving up the value of GMT. This is aligned with GMTās long-term strategy to optimize token circulation and enhance market confidence.
2. Community Empowerment:
By giving token holders a say in the burn, the initiative strengthens GMT DAOās decentralized governance and fosters greater community involvement.
3. Market Impact:
If successful, the burn will leave only 27% of the total GMT supply in circulation over the next six years, creating a more constrained supply environment. Historically, reduced token liquidity has correlated with price appreciation.
The Rewards of Participation
Participants in the BURNGMT event can share in daily rewards from the 100 million GMT pool. These rewards incentivize long-term commitment, as dividends are distributed based on the amount of GMT locked for the vote. Additionally, users gain:
Daily passive income during the lock-up period.
A role in shaping the future of GMTās ecosystem.
How to Participate
1. Access the Event: Log in via Binance and navigate to the BURNGMT voting page.
2. Lock Your Tokens: Choose how much GMT to lock and cast your vote.
3. Monitor Rewards: Check your daily rewards and await the final outcome on January 20, 2025.
Broader Implications
The BURNGMT initiative isnāt just about reducing supply. Itās also a statement of confidence in GMTās ecosystem. Supporting flagship projects like STEPN (GameFi with 6M users), MOOAR (NFT marketplace), and DOOAR (DEX ecosystem), GMT DAO is strategically positioning itself as a leader in Web3 and blockchain applications.
Join the Hashtag Campaign
To further engage the community, GMT DAO is running a social media campaign where participants can share insights about BURNGMT using the hashtag #BURNGMT. Top contributors stand a chance to win rewards from a $10,000 GMT prize pool It seems like you're sharing an opportunity to earn money. If you have more specific details about BURNGMT or how it works, I'd be happy to help clarify or analyze it further. Always remember to verify any earning platforms thoroughly to avoid scams or risky ventures. If youād like, I can also guide you on how to research such opportunities.
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