About half a month ago, the unlocked GMT did not flow into the market. It turned out that the FSL team repurchased about 600 million unlocked GMT tokens. They were going to do something big.
600 million tokens are transferred to GMT DAO, and the right to burn them is in your hands. As long as GMT DAO members lock GMT for 60 days, they can participate in the vote to decide the amount of burning.
❶ Locked GMT reached 100 million, burned 60 million GMT
❷ Locked GMT reached 500 million, burned 230 million GMT
❸ Locked GMT reached 900 million, burned 600 million GMT
There are two types of staking rewards
❶Get the “Make GMT Great Again” NFT
❷100 million GMT will be distributed to NFT holders according to the lock-up ratio
I roughly calculated that the annualized return of staking on the first day was as high as 1179%. Of course, the coin price is not fixed. But if the burning is successful, the coin price should still be expected to rise. The interest of the previous day is settled at 8 am every day, and the 166w $gmt of the day is divided equally according to the total locked amount, so the earlier you stake, the higher the return rate.
The minimum pledge amount is 100 gmt. My suggestion to all friends is to at least make sure to get the “Make GMT Great Again” NFT, which is a symbol of joining the GMT DAO. It may be used in future airdrops, but no one can say for sure.
I am also a running shoe participant, I run every day, and the current income is not bad. I really hope that this event will be a complete success and burn 600 million GMT. #GMT投票燃烧计划
