I. Issuing money + deflation, GMT DAO is doing things with real money.
GMT is the circulating token of the popular web3 project STEPN, which exploded in 2022. With the support of social, health, and investment attributes, GMT was elevated to a shocking height: millions of real project users, billions in project market value, and proactive listing on several mainstream exchanges. However, as a crypto project, being pursued or eliminated by trends is very normal, and GMT has also faced this test. However, despite the ongoing challenges, many times it is often up to human efforts. Through continuous issuance of support for new projects beneficial to the overall development of the ecosystem, as well as upgrades to pillar project STEPN, GMT investors can still achieve good returns while participating in the ecosystem.
And now, #BURNGMT #GMT投票燃烧计划 has brought new imaginative space for investors.
The GMT investment burning plan involves GMT DAO voting to burn 600 million GMT and allocating 100 million GMT to ecological participants who participate in the voting. It is important to note that the 600 million figure accounts for 10% of the total issuance of this cryptocurrency, while currently the total market circulation of this token is less than 50% of its issuance, making this burning ratio quite significant in the crypto space.
The source of these tokens comes from the official team's repurchase from investors and advisors, which were then donated to GMT DAO. Participants do not need to worry about the burning of these tokens causing losses to their assets.
The way ecological participants can join this activity is very simple: they just need to lock their votes during the specified time from November 21, 2024, to January 20, 2025, which is a period of 60 days. As long as the final voting result passes, the burning will be executed as promised.
The returns this time are also quite considerable, and the specific return rate will depend on the participation time and the amount locked. Theoretically, the earlier one participates and the larger the locked amount, the more gains one will receive. Even small funds participating midway can receive airdrop rewards.
II. Now and in the future, the burning mechanism will help the ecology take off.
Although this voting burning plan is very significant for development, it is not the first time GMT has undergone a burn.
Before this voting burn, which accounts for 10% of the total issuance, the GMT official and various ecological participants had already burned tokens accounting for 13% of the total issuance.
At the beginning of the project's issuance, the token distribution was already clearly planned, and now the latest distribution results have been released: market circulation accounts for about 50%, M2E accounts for 18%, historically destroyed accounts for 13%, this voting plan for destruction accounts for 10%, and the ecological fund accounts for 9%. By observing the current distribution results, one can clearly feel the future development planning of the project.
III. Looking to the future, favorable time, place, and people are essential for long-term success.
Once, GMT achieved great success, and this success has continued to the present. The continuous efforts of the team and the ecosystem have made sustainable development in the future possible. However, the development of any project requires long-term efforts, timely luck, and cooperation from all participants in the ecosystem. I believe that if GMT can achieve these, the future development is worth looking forward to. $GMT
