Today I want to talk a little bit about $GMT and why the possible rise scenario may begin. Because the burn mechanism has started and it may enter a rapid rise process.
GMT is a cryptocurrency developed by Step Finance on the Solana Blockchain. Powered by smart contracts and automated market makers, GMT is used to provide price stability and liquidity. GMT is the native token of STEPN, a Web3-based sports and health app. Users can earn income by walking, running or doing sports and increase their earnings with sneaker NFTs.
Usage Areas of GMT Token
• Governance: Users who stake GMT have the right to vote on platform decisions.
• Staking: Staking users benefit from rewards.
• Protocol Revenue: Used to purchase in-app products.
#BURNGMT Initiative and 600M Token Burn
BURNGMT is an important step that shows the team’s confidence in the project. 600 million GMT tokens were bought back and burned, and a budget of $100 million was allocated for this. This process includes burning tokens from early investors and team allocations. In this way, the supply is reduced and GMT is aimed to gain long-term value.
Voting and Reward Mechanism
Users who participate in BURNGMT participate in voting by locking their tokens for 60 days and earning a share of the total 100 million GMT reward pool. This process aims to both create value by reducing supply and increase community engagement.
GMT Tokenomics and the Impact of Burning
Burning 600 million GMT tokens could significantly reduce the circulating supply, increasing the value per token. Burning early investor and team allocations will strengthen decentralization and incentivize the community.
How to Join BURNGMT?
1. Wallet Connection: Connect your GMT tokens via supported wallets.
2. Participate in the Vote: Support the BURNGMT vote by locking your tokens.
3. Claim Rewards: Claim your share of the reward pool after the 60-day lock period.
The BURNGMT initiative is a significant opportunity to support the GMT ecosystem while increasing community participation and increasing the token value by reducing the supply. We must take careful steps to get your share of the rise. That's why if GMT $SOL starts a serious rise with the hype and aims much higher with this burn. We have also informed you about this in advance and we will examine what will happen together.
