GMT Staking First Day Annualized 1179%
Not knowing is one thing, but when you calculate it, it’s shocking:
In less than a month, GMT has risen by 90%. That’s not all, this time in the BURNGMT event, the minimum staking amount is 100 $GMT. Just cast 1 vote to receive a small red hat NFT. stepN has always been proactive, repurchasing and burning, and locking up rewards, the vision is really big!
GMT is a popular project that was launched on Binance Launchpad. GMT DAO is the ecological fund for the GMT token, which is widely used in various products by users, such as in the GameFi product STEPN and STEPN GO, which has over 6 million users, where GMT is heavily utilized and 800 million have been burned.
How to participate in voting and receive rewards?
1. Log in to the platform: From November 21, 2024, to January 20, 2025, log in to the BurnGMT.com website.
2. Connect wallet: Connect the wallet that holds GMT tokens on the Polygon chain to the platform.
3. Lock GMT: Lock a certain amount of GMT tokens through the wallet to obtain voting shares. The larger the locked amount and the longer the time, the more voting rights and subsequent rewards you will receive.
4. Participate in voting: Use the voting shares obtained from locking to vote on whether to burn the 600 million GMT tokens repurchased by the team.
5. Wait for rewards: After voting ends, no further action is needed; just wait for the 60-day lock-up period to end, and the platform will airdrop the corresponding GMT token rewards to users' wallets based on their voting shares and lock-up status.
Detailed explanation of GMT lock-up amount and burn mechanism
Lock-up amount reaches 100 million GMT: The GMT share belonging to the advisory team will be burned.
Lock-up amount increases to 600 million (cumulative): In addition to the advisory team, the GMT shares belonging to team members will be further burned.
Lock-up amount reaches 900 million (cumulative): All repurchased GMT tokens, totaling 600 million, will be burned.
