How to Participate in the BURNGMT Initiative.
• Introduction to GMT's Ecosystem**: GMT (Green Metaverse Token) is the governance token of the STEPN ecosystem, which rewards users for physical activity through a dual-token model with GST (Green Satoshi Token).
• Voting Burn Mechanism: The GMT Burn Initiative allows holders to vote on burning up to 600 million GMT, valued at approximately $100 million, promoting community governance.
• 60-Day Lock and Rewards: Participants must lock their GMT for 60 days to vote, with rewards of 100 million GMT distributed based on participation milestones.
• Tokenomics Overview: GMT has a maximum supply of 6 billion tokens, with 600 million currently in circulation. The distribution includes a rewards pool and community fund.
• Impact of Burning Tokens: Burning 600 million GMT aims to reduce supply, potentially increasing token value and benefiting holders by enhancing scarcity.
• How to Participant: Users can engage in the BURNGMT initiative by visiting burngmt.com, locking their tokens, and casting votes on burn proposals.
• On-Chain Transparency: The voting process is recorded on the blockchain, ensuring transparency and integrity in decision-making.
• Regular Voting Cycles: The initiative will introduce new voting opportunities quarterly, allowing ongoing community engagement in governance.
•GMT's Role in STEPN: GMT tokens are essential for accessing premium game content, leveling up NFTs, and participating in ecosystem activities [1][3].
•Future of GMT: The initiative reflects a commitment to sustainability and community-driven governance, shaping the future of the GMT ecosystem collaboratively