Remember the globally popular STEPN? A pair of NFT running shoes set off a craze for Web3 lifestyle, allowing users to earn tokens while running and walking outdoors.#BURNGMT
@GMT DAO As the core token of STEPN, it was not only a phenomenal investment project at the time, but also became a model of the Web3 economic model.
now,#GMT投票燃烧计划 As the curtain opens, GMT is shaping market rules in a new way, attracting countless users to participate in governance and jointly promoting ecological development.
The significance of time limit: How can 60 days stimulate market vitality? BURNGMT plans to set a 60-day lock-up voting period from November 23, 2024 to January 20, 2025. This time limit is not only a rule setting, but also a sophisticated strategy.
Creating a sense of urgency and FOMO effect The time limit requires users to make decisions and act quickly. The scarcity of the voting window within the limited 60 days enhances users' enthusiasm for participation. This sense of urgency not only makes the voting activity more attractive, but also allows more users to join the lock-up action in a short period of time, injecting energy into the GMT ecosystem.
Creating an observation window for the market In the short term, this centralized lock-up behavior reduces the circulating supply of GMT in the market, directly reducing the risk of price fluctuations. From a long-term perspective, the voting mechanism provides a solid foundation for the value management of GMT tokens.
The impact of lock-up and burning on the market: scarcity and confidence are both enhanced. The BURNGMT plan is not only a voting activity, the lock-up and burning mechanism behind it is profoundly changing the market ecology.
If the vote is passed, 600 million GMT will be burned, accounting for 10% of the total supply. This scarcity effect will further strengthen the market value of GMT and create greater potential profit space for holders.
The lock-up mechanism alleviates the market selling pressure. Users lock up GMT during the voting period, which further reduces the market circulation. This reduction in liquidity directly alleviates the selling pressure and creates conditions for the market price to stabilize or even rise.
Enhance user confidence Through community voting governance, the BURNGMT plan demonstrates the power of decentralization. Users can not only participate in project development, but also enjoy lock-up dividends, further increasing their trust in the GMT ecosystem. 4. Incentivize long-term holders The burning plan reduces the future unlocking pressure of GMT, making the tokens of long-term holders more scarce and potentially valuable. This mechanism effectively attracts more long-term investors and brings greater stability to the GMT ecosystem.
The BURNGMT voting and burning plan brought a new governance experience to the community in just 60 days, and at the same time injected vitality into the market through the lock-up and burning mechanism.
