Early participants in running shoes, how many people have run towards freedom. GMT has made many people rich, this time GMT can burn up to 600 million pieces, the first day staking annual yield can reach 1179%, is it going to drive another batch of people to get rich.
About half a month ago, the unlocked GMT did not flow into the market, as the FSL team repurchased about 600 million unlocked GMT tokens, they are going to do something big.
600 million tokens are transferred to GMT DAO, and the burning rights are handed over to you. As long as the members of GMT DAO lock GMT for 60 days, they can participate in voting to decide the amount to be burned.
❶ Lock 100 million GMT, burn 60 million GMT
❷ Lock 500 million GMT, burn 230 million GMT
❸ Lock 900 million GMT, burn 600 million GMT
There are two types of staking rewards
❶ Obtain the "Make GMT Great Again" NFT
❷ 100 million GMT will be distributed to NFT holders according to the locking proportion
I roughly calculated, the annualized yield for the first day of staking is as high as 1179%, of course, the coin price is not fixed. But if the burning is successful, the coin price should have an upward expectation. Every morning at 8 o'clock, the interest for the previous day is settled, and the daily 1.66 million $gmt is evenly distributed according to the total locked amount, so the earlier you stake, the higher the yield.
The minimum staking amount is 100 gmt, my suggestion is for all friends to at least ensure they get the "Make GMT Great Again" NFT, which is a symbol of joining GMT DAO, and it might be used in future airdrops, who knows?
I am also a participant in running shoes, I run every day, and the current returns are pretty good. I sincerely hope this event can be a complete success and burn 600 million GMT.