From a market perspective, compared to other teams that "issue tokens and then go to waste or even disappear", the team behind STEPN and GMT launching the BurnGMT website to destroy part of the GMT token supply is doing something that is "thankless and difficult". However, the more they do this, the more it highlights their strong determination, decisive actions, and confidence in "not caring about short-term gains and losses but focusing on the long-term development of the project".
1️⃣BurnGMT Action Guide: How can GMT holders maximize their benefits? Adhering to the principle of "decentralized decision-making", the success of this GMT destruction voting activity in reducing the total supply of GMT while increasing the price of the GMT token relies on the participation of community users.
2️⃣If you want to improve the market price performance of GMT while obtaining the corresponding rewards from this voting activity, users can directly follow these steps – open the https://burngmt.com/ website, link your wallet; lock the held GMT to gain voting shares; vote to support the official destruction of the repurchased GMT tokens. Locking GMT to vote. The more you lock, the more GMT will be destroyed. When the locked amount of GMT reaches 100 million: destroy the GMT belonging to the advisory share. When the locked amount increases to 500 million (total locked amount reaches 600 million): destroy the GMT belonging to the team share. When the locked amount increases to 300 million GMT (total locked amount reaches 900 million): destroy all repurchased GMT tokens, totaling 600 million. After voting, users will receive a limited edition hat NFT (Make GMT Great Again, MGGA), similar to the red hat on the official website interface. On one hand, this NFT will serve as a memento for participating in the vote; on the other hand, this NFT also records the amount of GMT locked and the corresponding number of rewards.
3️⃣To reiterate: the earlier you participate in locking up, the more of the 100 million GMT reward allocation prepared by the official will be available, meaning the higher the return rate. At the same time, this activity also provides profit space for spot traders and futures traders, where the former can enjoy rising profits, while the latter can earn profits through market speculation. In addition, as the GMT token supply chain further decreases and the price rises, the ecological landscape behind the GMT token will also open up further!#GMT投票燃烧计划 @GMT DAO GMT DAO