I often see many posts about 'hundred-fold coins' on Binance Square, as if the traders are you. This irresponsible promotion of various tokens is quite unpleasant.

I think everyone should view these things with an objective perspective, spending more time participating in some activities, earning rewards, and stabilizing income are all good choices.

December is approaching, and the actions of various projects are becoming increasingly weak, while GMT is going against the tide, preparing to launch a large-scale burning event during this not-so-bullish period.

Every user has a chance to vote, whether to proceed with the burning, to experience the feast from an excellent team!

Strong background

Analysis of the 60-day lock-up voting mechanism of GMT DAO

The lock-up voting mechanism of GMT DAO aims to incentivize user participation in governance while reducing market circulation through token lock-up to support GMT price stability and ecological development. This 60-day lock-up voting event attracts users to lock up tokens and participate in voting by setting up a reward pool.

Detailed process for user participation in voting

1. Activity registration and lock-up
Users need to participate in the activity through the official platform of GMT DAO. Users will lock a certain amount of GMT tokens into the voting contract, with a lock-up period of 60 days. The amount locked determines the user's voting weight, i.e., the user's 'governance power.'

2. Voting phase
During each round of voting, the DAO will release specific governance proposals, such as whether to destroy a certain amount of GMT tokens. During the voting window, users will vote on the proposals based on the weight of their locked tokens.

3. Reward distribution
After voting ends, the GMT in the reward pool will be distributed according to the user's voting weight. For example, if the total weight is 1000, and a user accounts for 10% of the weight, that user will receive 10% of the GMT rewards in that round's reward pool. Rewards come from a pool of 100 million GMT, distributed in stages until the reward pool is exhausted.

Token distribution



4. Unlocking and profit extraction
After the 60-day lock-up period ends, users can withdraw the locked GMT tokens and their accumulated voting rewards. Users can also choose to continue locking up tokens to participate in subsequent voting activities.

Passionate speech from partners

Mechanism for distributing 100 million GMT rewards

Total reward amount: GMT DAO has established a reward pool of 100 million GMT to be distributed to participating voters.

Distributed round by round: The reward pool is distributed according to the proportion of participating users and voting weights for each round, rather than being distributed all at once.

Calculation method: After each round of voting ends, the user's reward = (user weight ÷ total weight) × total amount of the reward pool for that round.

#GMT投票燃烧计划 @GMT DAO