GMT投票燃烧计划
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#GMT投票燃烧计划
BURNGMT Voting Gameplay Analysis
1. What is the limited time
The voting time for BURNGMT is usually a fixed period set by the platform.
BURNGMT Voting Gameplay Analysis
1. What is the limited time
The voting time for BURNGMT is usually a fixed period set by the platform.
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GMT Burning Plan - Personal Insights
#GMT投票燃烧计划 Burning Plan generally refers to the act of destroying a certain amount of tokens to reduce the total supply circulating in the market, thereby potentially impacting the scarcity and value of the tokens. Based on this concept, my personal insights can be elaborated from the following aspects: ### 1. **Purpose and Effects of Token Destruction** - **Increase Scarcity**: By destroying a portion of tokens, the supply in the market is theoretically reduced, thereby increasing the scarcity of the remaining tokens. This approach is sometimes used to enhance the value of the tokens, especially when demand remains stable or increases. - **Prevent Inflation**: If the issuance of tokens is not well controlled, it may lead to inflation, thereby reducing the purchasing power of the tokens. A burning plan helps to avoid this situation. ### 2. **Market Response and Risks** - **Short-term and Long-term Effects**: In the short term, the burning plan may trigger positive reactions in the market, pushing up the price of the tokens, especially when investors believe these measures can effectively enhance value. However, the long-term effects depend on the fundamentals of the project and market demand. If the actual use cases and ecosystem of the tokens do not sustain growth, mere token destruction may only be a temporary solution. - **Risk Control**: If the burning plan is too frequent or on too large a scale, it may create market instability or even trigger investor anxiety. A reasonable burning amount should be based on solid market analysis to avoid excessive aggressiveness. ### 3. **Transparency and Trust** - **Commitment and Execution by the Project Team**: Whether the project team can implement the burning plan as promised and the level of transparency are important factors of concern for investors. If the project team lacks a clear destruction mechanism or if the destruction actions lack transparency, it may affect the market's trust in the project. - **Community Participation**: Some projects decide on the specific implementation of the burning plan through community governance or voting mechanisms. This transparent mechanism may help enhance the community's sense of participation and trust in the project. ### 4. **Burning Plan and Project Sustainability** - **Core Value of the Project**: The token burning plan cannot cover up the shortcomings of the project itself lacking innovation or practicality. In the long run, only meaningful products or services can drive user demand, and the value of the tokens will truly increase. The burning plan is merely a short-term market operation tool; if the project's core competitiveness is insufficient, it will be difficult to maintain the value of the tokens. - **Ecological Development and Growth**: If the project can continuously promote the expansion of the ecosystem through means other than the burning plan (e.g., partnerships, technological innovation, user growth, etc.), then the burning plan can be seen as an added value initiative rather than the sole support for value.
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Do you really understand GMT?
How to understand the main trading actions of GMT from on-chain data?
This time GMT has made a big move, locking up and burning 600 million tokens. After analyzing the on-chain data and comprehensively considering the team's various strategies, I will first publish the most important conclusion, and then explain how I came to this conclusion.
1. The GMT team spent a huge amount of money to lay out a medium- and long-term strategy, and the people who planned and set up the strategy in the team are experts.
2. As long as you can see the situation clearly, you can follow the game maker and reap the biggest benefits.
Why do we say that the GMT team has laid out a big plan?
The team previously burned 800 million tokens, which, if calculated at the price of 0.16U, would cost $130 million. Now they are preparing to burn 600 million tokens, at a cost of $100 million, for a total of $260 million, which is considered a large sum in the current market.
This time GMT has made a big move, locking up and burning 600 million tokens. After analyzing the on-chain data and comprehensively considering the team's various strategies, I will first publish the most important conclusion, and then explain how I came to this conclusion.
1. The GMT team spent a huge amount of money to lay out a medium- and long-term strategy, and the people who planned and set up the strategy in the team are experts.
2. As long as you can see the situation clearly, you can follow the game maker and reap the biggest benefits.
Why do we say that the GMT team has laid out a big plan?
The team previously burned 800 million tokens, which, if calculated at the price of 0.16U, would cost $130 million. Now they are preparing to burn 600 million tokens, at a cost of $100 million, for a total of $260 million, which is considered a large sum in the current market.
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100 million GMT airdrop is coming!! Popular projects launched on Binance Launchpad, vote to earn airdrops!
100 million GMT airdrop is coming!!
Binance Launchpad has launched $GMT (GoMining Token), which has not only attracted significant community attention but also opened up a unique user participation mechanism — dividing 100 million GMT through voting.
Project Background
Popular projects launched on Binance Launchpad☞ @GMT DAO
It is a token closely related to the STEPN project, which is a decentralized application (dApp) that combines sports and cryptocurrency. Users can earn $GST (Green Satoshi Token) by running in NFT sneakers, while $GMT is the governance token of this ecosystem, with more functions and uses, including voting rights and decision-making power in the ecosystem.
Binance Launchpad has launched $GMT (GoMining Token), which has not only attracted significant community attention but also opened up a unique user participation mechanism — dividing 100 million GMT through voting.
Project Background
Popular projects launched on Binance Launchpad☞ @GMT DAO
It is a token closely related to the STEPN project, which is a decentralized application (dApp) that combines sports and cryptocurrency. Users can earn $GST (Green Satoshi Token) by running in NFT sneakers, while $GMT is the governance token of this ecosystem, with more functions and uses, including voting rights and decision-making power in the ecosystem.
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A big explosion of copycats: GMT actually took the initiative to sell 600 million! As high as 120 million US dollars!
Let's talk about the project first:
$GMT is the governance token of the once popular running shoe project STEPN. STEPN GO has gone a step further on the basis of STEPN's success and completely changed the way of social fitness. The application combines social and sports elements. After players obtain NFTs, they can get rich token rewards through exercise or renting shoes. The number of players is as high as six million!
Not only that, the GMT ecosystem is also very complete. The decentralized exchange DOOAR independently developed by FSL has a monthly activeness of 460,000 and has been ranked first in the Solana network many times. It also created the NFT platform MOOAR that integrates launch and trading. GMT DAO is a foundation created by GMT holders. It manages the GMT ecological fund through on-chain voting to ensure that decisions are made based on the collective opinions of the community
Recently, the FSL team launched a destruction proposal to make GMT great again! It is proposed to repurchase all 600 million $GMT from the original consultants and investors and transfer them directly to GMT DAO! Now, the fate of this batch of tokens is handed over to the community, and the community will vote to decide how much to burn! ! The circulation quantity is about 3 billion, and destroying 20% is undoubtedly a super positive!
The voting lock date is from November 21st to January 20th, 2025, for 60 days. After the expiration, all locked tokens will be unlocked and returned. So how should we play?
Just lock your GMT through the burngmt.com website to vote. In the end, the more you lock, the more you will destroy. According to the published data, it is as follows
Lock 100 million $GMT and burn 60 million.
Lock 500 million (a total of 600 million) and burn 230 million.
Lock 900 million (a total of 900 million), and burn all 600 million!
At present, nearly 170 million have participated in the lock vote.
Of course, there are corresponding rewards for locking in voting. This vote will give out up to 100 million GMT as rewards. Participating in the vote will automatically receive a limited edition NFT, which will record your locked amount and how many airdrop rewards you can get. The more you lock, the more you get! #GMT投票燃烧计划
Let's talk about the project first:
$GMT is the governance token of the once popular running shoe project STEPN. STEPN GO has gone a step further on the basis of STEPN's success and completely changed the way of social fitness. The application combines social and sports elements. After players obtain NFTs, they can get rich token rewards through exercise or renting shoes. The number of players is as high as six million!
Not only that, the GMT ecosystem is also very complete. The decentralized exchange DOOAR independently developed by FSL has a monthly activeness of 460,000 and has been ranked first in the Solana network many times. It also created the NFT platform MOOAR that integrates launch and trading. GMT DAO is a foundation created by GMT holders. It manages the GMT ecological fund through on-chain voting to ensure that decisions are made based on the collective opinions of the community
Recently, the FSL team launched a destruction proposal to make GMT great again! It is proposed to repurchase all 600 million $GMT from the original consultants and investors and transfer them directly to GMT DAO! Now, the fate of this batch of tokens is handed over to the community, and the community will vote to decide how much to burn! ! The circulation quantity is about 3 billion, and destroying 20% is undoubtedly a super positive!
The voting lock date is from November 21st to January 20th, 2025, for 60 days. After the expiration, all locked tokens will be unlocked and returned. So how should we play?
Just lock your GMT through the burngmt.com website to vote. In the end, the more you lock, the more you will destroy. According to the published data, it is as follows
Lock 100 million $GMT and burn 60 million.
Lock 500 million (a total of 600 million) and burn 230 million.
Lock 900 million (a total of 900 million), and burn all 600 million!
At present, nearly 170 million have participated in the lock vote.
Of course, there are corresponding rewards for locking in voting. This vote will give out up to 100 million GMT as rewards. Participating in the vote will automatically receive a limited edition NFT, which will record your locked amount and how many airdrop rewards you can get. The more you lock, the more you get! #GMT投票燃烧计划
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Major Event!
Trump's policies may be hindered upon taking office, BTC is in the process of becoming a strategic reserve currency for the United States.
Everyone is paying attention, it concerns your wallet!
Due to the influence of the United States, a certain Eastern superpower is very likely to completely open up the cryptocurrency market next year!
Currently, the Eastern superpower's attitude towards cryptocurrencies has shifted, three years of resistance have not been able to stop the crypto tide, and it is highly likely that the Eastern superpower will officially enter the crypto fast lane next year! Stimulated by Trump's policy to make BTC a strategic reserve, the Eastern superpower will vigorously develop the crypto market!
I have locked up 1,000,000 GMT, and surprisingly, I earn 2,000 USD in interest every day.
If it continues like this for a year, that would be worth a total of 730,000 USD, worth 5 million!
Popular projects that have been launched on Binance Launchpad, users participate in voting to share 100 million GMT!
Lock-up period: From now until January 20, 2025.
Daily earnings: Locked users will share 1.66 million GMT daily, worth 330,000 USD.
Burning mechanism:
Locking 100 million, the official will repurchase and burn 60 million.
Locking 500 million, the official will repurchase and burn 230 million.
Locking 900 million, the official will repurchase and burn 900 million.
The time for BURNGMT voting is usually set by the platform for a
fixed period, such as opening a voting window once a week or once a month.
Users must participate within this time frame; if they miss it, they will have to wait for the next round.
After voting ends, GMT DAO will distribute GMT token rewards and limited edition running shoes to community members based on voting shares and reward rules. Please pay attention to GMTDAO's official announcements and reward distribution schedule.
The number of GMT locked by users and the duration will directly affect their voting rights and final token rewards. The more GMT locked, the more the proposed burn amount of GMT, and the more rewards received.
GMT team founder Yawn detailed the situation of this token repurchase in the official event, emphasizing that 600 million GMT primarily comes from early investors and unblocked tokens from advisors.
During the event period (November 21, 2024, to January 20, 2025), users can participate in voting by locking GMT tokens on the Polygon chain to decide whether to burn the 600 million GMT repurchased by the team.
The future of GMT tokens is undoubtedly full of infinite possibilities. With the burning of 600 million tokens and the NFT background, GMT is about to explode.
$GMT is about to start, a hundred times is about to set sail!
#GMT投票燃烧计划
Trump's policies may be hindered upon taking office, BTC is in the process of becoming a strategic reserve currency for the United States.
Everyone is paying attention, it concerns your wallet!
Due to the influence of the United States, a certain Eastern superpower is very likely to completely open up the cryptocurrency market next year!
Currently, the Eastern superpower's attitude towards cryptocurrencies has shifted, three years of resistance have not been able to stop the crypto tide, and it is highly likely that the Eastern superpower will officially enter the crypto fast lane next year! Stimulated by Trump's policy to make BTC a strategic reserve, the Eastern superpower will vigorously develop the crypto market!
I have locked up 1,000,000 GMT, and surprisingly, I earn 2,000 USD in interest every day.
If it continues like this for a year, that would be worth a total of 730,000 USD, worth 5 million!
Popular projects that have been launched on Binance Launchpad, users participate in voting to share 100 million GMT!
Lock-up period: From now until January 20, 2025.
Daily earnings: Locked users will share 1.66 million GMT daily, worth 330,000 USD.
Burning mechanism:
Locking 100 million, the official will repurchase and burn 60 million.
Locking 500 million, the official will repurchase and burn 230 million.
Locking 900 million, the official will repurchase and burn 900 million.
The time for BURNGMT voting is usually set by the platform for a
fixed period, such as opening a voting window once a week or once a month.
Users must participate within this time frame; if they miss it, they will have to wait for the next round.
After voting ends, GMT DAO will distribute GMT token rewards and limited edition running shoes to community members based on voting shares and reward rules. Please pay attention to GMTDAO's official announcements and reward distribution schedule.
The number of GMT locked by users and the duration will directly affect their voting rights and final token rewards. The more GMT locked, the more the proposed burn amount of GMT, and the more rewards received.
GMT team founder Yawn detailed the situation of this token repurchase in the official event, emphasizing that 600 million GMT primarily comes from early investors and unblocked tokens from advisors.
During the event period (November 21, 2024, to January 20, 2025), users can participate in voting by locking GMT tokens on the Polygon chain to decide whether to burn the 600 million GMT repurchased by the team.
The future of GMT tokens is undoubtedly full of infinite possibilities. With the burning of 600 million tokens and the NFT background, GMT is about to explode.
$GMT is about to start, a hundred times is about to set sail!
#GMT投票燃烧计划
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GMT Voting Burn Plan: Seize the Opportunity, Create the Future
Are you looking for a potential investment opportunity? The GMT voting burn plan might just be your answer!!
As the official said, let GMT be great again. This GMT burn plan aims to enhance the investment value of GMT and reward investors. If you are looking for an investment target, the GMT burn plan deserves your attention!!!
The GMT team has a strong background and owns many ecological products, such as DEX DOOAR, NFT trading market MOOAR, STEPN, etc. These products attract a large number of users, giving GMT a broad application scenario and value support.
As the official said, let GMT be great again. This GMT burn plan aims to enhance the investment value of GMT and reward investors. If you are looking for an investment target, the GMT burn plan deserves your attention!!!
The GMT team has a strong background and owns many ecological products, such as DEX DOOAR, NFT trading market MOOAR, STEPN, etc. These products attract a large number of users, giving GMT a broad application scenario and value support.
shiyi:
牛逼
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GMT Part Two: A step-by-step guide on how to vote and lock coins
$GMT GMT Part Two: A step-by-step guide on how to vote and lock coins. For those who do not know the voting website, come look here; I just figured it out as a novice.
First, the website link cannot be sent out, so I will show you a screenshot:
Then the interface looks like this↓ Click on 'LOCKED GMT' at the top left, and the three wallets below will appear. You need to have one of these installed to authorize the link.
I downloaded Phantom, and later I will use this as an example. PS: You need to use a VPN to download this wallet from Google. After downloading, you can import your wallet's private key.
First, the website link cannot be sent out, so I will show you a screenshot:
Then the interface looks like this↓ Click on 'LOCKED GMT' at the top left, and the three wallets below will appear. You need to have one of these installed to authorize the link.
I downloaded Phantom, and later I will use this as an example. PS: You need to use a VPN to download this wallet from Google. After downloading, you can import your wallet's private key.
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The wallet burned 100 million worth of GMT
Project introduction:
Gameplay: Destroy Vote
Time: 3 minutes
Official account: @GMT DAO Twitter: @Stepnofficial Search Twitter tag: #BURNGMT
Continue watching if you have a wallet worth over 100 million, no need to look if not.
Learn and teach me after watching
Analysis of the gameplay of BURNGMT voting
What is the limited time?
The BURNGMT voting event starts on November 21, 2024, and ends on January 20, 2025, lasting 60 days. During this time, users can participate in deciding
the fate of the tokens.
Whose coins are being burned?
This vote involves 600 million $GMT that the GMT team obtained through repurchase from investors and advisors, which has been donated to GMT DAO. The fate of these tokens will be decided by community voting, whether to permanently destroy them.
Gameplay: Destroy Vote
Time: 3 minutes
Official account: @GMT DAO Twitter: @Stepnofficial Search Twitter tag: #BURNGMT
Continue watching if you have a wallet worth over 100 million, no need to look if not.
Learn and teach me after watching
Analysis of the gameplay of BURNGMT voting
What is the limited time?
The BURNGMT voting event starts on November 21, 2024, and ends on January 20, 2025, lasting 60 days. During this time, users can participate in deciding
the fate of the tokens.
Whose coins are being burned?
This vote involves 600 million $GMT that the GMT team obtained through repurchase from investors and advisors, which has been donated to GMT DAO. The fate of these tokens will be decided by community voting, whether to permanently destroy them.
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🔥BURNGMT Plan: An Unmissable Crypto Feast!
Everyone, let’s chat about why we need to participate in the BURNGMT plan!
🌟【Why Participate? Treasure Opportunities Await You!】
This plan is like a magic box full of surprises 🎁. First, it has amazing value-added potential! It's like boarding a wealth rocket, every step of participation could send your assets soaring. Imagine your assets transforming in this plan, like a caterpillar turning into a butterfly, bringing a sense of achievement filled with profits. Moreover, there’s a lively community family here, gathering experts from all walks of life. Everyone brainstorms and shares experiences together, creating an incredibly vibrant atmosphere! Here, you are no longer a lone warrior fighting alone, but hand in hand with a group of like-minded partners. What's even more impressive is that participating means contributing to shaping a new ecosystem in the crypto world, becoming a trendsetter that changes the game rules—what an honor that is!
🌟【Why Participate? Treasure Opportunities Await You!】
This plan is like a magic box full of surprises 🎁. First, it has amazing value-added potential! It's like boarding a wealth rocket, every step of participation could send your assets soaring. Imagine your assets transforming in this plan, like a caterpillar turning into a butterfly, bringing a sense of achievement filled with profits. Moreover, there’s a lively community family here, gathering experts from all walks of life. Everyone brainstorms and shares experiences together, creating an incredibly vibrant atmosphere! Here, you are no longer a lone warrior fighting alone, but hand in hand with a group of like-minded partners. What's even more impressive is that participating means contributing to shaping a new ecosystem in the crypto world, becoming a trendsetter that changes the game rules—what an honor that is!
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100 million dollars to burn 600 million GMT, launching the BurnGMT plan!
Crazy STEPN, in order to completely say goodbye to the label of 'VC token,' announced an investment of 100 million dollars to repurchase and burn 600 million GMT, launching the unprecedented BurnGMT plan! As the pioneer in the Move-to-Earn field, STEPN has quickly attracted nearly 8 million registered users worldwide since its launch in 2021, thanks to its innovative model of combining blockchain technology with fitness activities, becoming an industry leader. Meanwhile, STEPN has also collaborated with international brands and well-known IPs such as Asics, Adidas, Casio, Ghost in the Shell, Steve Aoki, and Snoopy, further consolidating its brand influence. This burning plan is not only a commitment to the community but also an important layout for the future ecological development!
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Understanding the GMT Project in One Article
Project Introduction
GMT is the core governance token launched by Find Satoshi Lab (FSL), widely used in its Web3 ecosystem. FSL combines blockchain technology with health, gaming, social, and other scenarios to build an innovative ecosystem that integrates GameFi, SocialFi, and DeFi elements.
Partners:
The GMT project enhances its influence in the Web3 and cryptocurrency markets by collaborating with globally renowned brands such as Casio, ASICS, and Adidas, as well as collaborating with platforms like Polygon, Solana, and Ethereum in the blockchain, DeFi, and NFT fields. These partnerships not only bring a large number of users and market opportunities to GMT but also help its ecological products expand into more scenarios and application areas.
GMT is the core governance token launched by Find Satoshi Lab (FSL), widely used in its Web3 ecosystem. FSL combines blockchain technology with health, gaming, social, and other scenarios to build an innovative ecosystem that integrates GameFi, SocialFi, and DeFi elements.
Partners:
The GMT project enhances its influence in the Web3 and cryptocurrency markets by collaborating with globally renowned brands such as Casio, ASICS, and Adidas, as well as collaborating with platforms like Polygon, Solana, and Ethereum in the blockchain, DeFi, and NFT fields. These partnerships not only bring a large number of users and market opportunities to GMT but also help its ecological products expand into more scenarios and application areas.
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GMT - How to participate in BURNGMT
First, purchase more than 100 GMT on Binance and transfer it to your wallet (Polygon POS chain, original Matic chain)
(Friendly reminder: there needs to be gas on the chain)
Specific operations
1: Open the website https://burngmt.co and connect your wallet
2: Vote, as shown in the picture, click, authorize, then continue to click VOTE, and you will succeed
Reward a small red hat NFT (You have voted 100 GMT. Voted GMT will be locked until 0 UTC Jan 20, 2025) and then it's done
(Friendly reminder: there needs to be gas on the chain)
Specific operations
1: Open the website https://burngmt.co and connect your wallet
2: Vote, as shown in the picture, click, authorize, then continue to click VOTE, and you will succeed
Reward a small red hat NFT (You have voted 100 GMT. Voted GMT will be locked until 0 UTC Jan 20, 2025) and then it's done
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Only old coin enthusiasts may remember
The running shoes that were all the rage in the crypto world
Just by moving your feet and taking a walk, you could earn money
Making countless people rich, with daily earnings reaching over 1000 U
This once wildly popular project (GMT) is back with a new gameplay; now, participants in GMT voting and locking can earn rewards of over 200 U daily. If you’re unsure about how it works, please read the following content carefully:
1. Detailed process for voting to share 100 million GMT
Locked voting: Users lock a certain amount of GMT as the basis for voting weight. The amount and duration of the lock determine the voting weight; the more you lock and the longer the time, the higher the weight.
Weight calculation: Voting weight is calculated based on the product of the amount of GMT locked and the duration of the lock.
2. Limited time
Each round of voting activities has a fixed limited time, usually 7 days or 14 days, set by the platform. During the limited time, users can participate in voting, but after voting ends, they will not be able to continue participating in that round and must wait for the next one.
3. Whose coins are being burned
The unallocated portion of the user's locked assets: After participating in voting, a portion of the locked GMT that is not used for reward distribution will be destroyed, reducing market circulation.
Platform sets additional burn: In some activities, the platform may set an additional burning mechanism to destroy GMT from activity earnings or reserves to further enhance the deflationary effect.
4. Mechanism triggering the burn
Threshold for voting volume: When the total voting volume reaches a preset threshold (such as total locked amount reaching 100 million GMT), the burn is triggered.
Dynamic trigger: In some activities, the burning mechanism may be dynamically activated based on daily voting participation.
5. Voting lock mechanism
Lock duration and weight: The longer the lock period, the higher the voting weight, so users need to choose the lock duration based on their strategy.
Extending the lock period: Some activities may require extending the lock period after voting ends to further reduce market selling pressure.
6. What is the return rate
Number of participants: The fewer participants, the higher the reward ratio for each user; early participation often yields higher returns.
Total voting volume: When the total locked volume is high, the rewards per unit voting weight are lower, and competition becomes more intense.
The running shoes that were all the rage in the crypto world
Just by moving your feet and taking a walk, you could earn money
Making countless people rich, with daily earnings reaching over 1000 U
This once wildly popular project (GMT) is back with a new gameplay; now, participants in GMT voting and locking can earn rewards of over 200 U daily. If you’re unsure about how it works, please read the following content carefully:
1. Detailed process for voting to share 100 million GMT
Locked voting: Users lock a certain amount of GMT as the basis for voting weight. The amount and duration of the lock determine the voting weight; the more you lock and the longer the time, the higher the weight.
Weight calculation: Voting weight is calculated based on the product of the amount of GMT locked and the duration of the lock.
2. Limited time
Each round of voting activities has a fixed limited time, usually 7 days or 14 days, set by the platform. During the limited time, users can participate in voting, but after voting ends, they will not be able to continue participating in that round and must wait for the next one.
3. Whose coins are being burned
The unallocated portion of the user's locked assets: After participating in voting, a portion of the locked GMT that is not used for reward distribution will be destroyed, reducing market circulation.
Platform sets additional burn: In some activities, the platform may set an additional burning mechanism to destroy GMT from activity earnings or reserves to further enhance the deflationary effect.
4. Mechanism triggering the burn
Threshold for voting volume: When the total voting volume reaches a preset threshold (such as total locked amount reaching 100 million GMT), the burn is triggered.
Dynamic trigger: In some activities, the burning mechanism may be dynamically activated based on daily voting participation.
5. Voting lock mechanism
Lock duration and weight: The longer the lock period, the higher the voting weight, so users need to choose the lock duration based on their strategy.
Extending the lock period: Some activities may require extending the lock period after voting ends to further reduce market selling pressure.
6. What is the return rate
Number of participants: The fewer participants, the higher the reward ratio for each user; early participation often yields higher returns.
Total voting volume: When the total locked volume is high, the rewards per unit voting weight are lower, and competition becomes more intense.
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Urgent! On-chain liquidity is close to depletion! GMT 120 million USD burning plan: Expected to stake 180 million USD GMT!
Witnessing history!
① On-chain liquidity has basically been drained by the BURNGMT activity! The on-chain SWIP price has exceeded the exchange price by 1-5%! The GMT withdrawal functions on multiple trading platforms may show that services are suspended!
② Staking data for BURNGMT on November 26: 170 million GMT has been staked (almost 32 million USD!)
③ On November 26, the staking GMT yield rate is 350.27%! The calculation process is as follows:
It is known that today 170 million GMT has been staked and 1.63 million GMT has been shared. Assuming the amount of GMT shared daily is the same, then:
Average daily GMT earned = 1.63 million tokens
Annual yield rate = (Average daily GMT earned * 365) / Staked amount
① On-chain liquidity has basically been drained by the BURNGMT activity! The on-chain SWIP price has exceeded the exchange price by 1-5%! The GMT withdrawal functions on multiple trading platforms may show that services are suspended!
② Staking data for BURNGMT on November 26: 170 million GMT has been staked (almost 32 million USD!)
③ On November 26, the staking GMT yield rate is 350.27%! The calculation process is as follows:
It is known that today 170 million GMT has been staked and 1.63 million GMT has been shared. Assuming the amount of GMT shared daily is the same, then:
Average daily GMT earned = 1.63 million tokens
Annual yield rate = (Average daily GMT earned * 365) / Staked amount
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GMT Voting Burning Plan: An Analysis of the BURNGMT Gameplay and Impact
GMT, as a popular token that has been listed on Launchpad, once peaked at a market value of 12 billion USD. After experiencing two years of bull-bear transitions, it currently has a market value of only 600 million USD. As a leading project in the sports sector, its latest plan in the ecosystem—the BURNGMT voting burning plan—has once again attracted widespread market attention. Not only is the community continuously discussing it, but users also have a real opportunity to 'take control of their own destiny.' Through this event, the GMT ecosystem further strengthened the token deflationary mechanism and provided users with new opportunities for participation. This article will conduct an in-depth analysis around the voting mechanism, token distribution, and its impact on the market.
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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.
#GMT投票燃烧计划 @GMT DAO
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.
#GMT投票燃烧计划 @GMT DAO
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100 million GMT airdrop is coming!
100 million GMT airdrop is coming! Participate in voting to burn 600 million GMT! Users participating in the vote will have the chance to share 100 million GMT as a participation reward.
The voting platform BurnGMT developed by the GMT DAO ecological fund is officially online. Users can lock their Polygon chain GMT tokens to vote on whether to destroy the 600 million GMT tokens repurchased by the team from November 21, 2024, to January 20, 2025.
Limited time: From November 21, 2024, to January 20, 2025.
These 600 million GMT tokens were repurchased by the GMT team from early investors and advisors.
Triggering the burn mechanism: If the vote passes, these 600 million GMT will permanently disappear from the market, further reducing the circulation of GMT and enhancing its value.
The voting platform BurnGMT developed by the GMT DAO ecological fund is officially online. Users can lock their Polygon chain GMT tokens to vote on whether to destroy the 600 million GMT tokens repurchased by the team from November 21, 2024, to January 20, 2025.
Limited time: From November 21, 2024, to January 20, 2025.
These 600 million GMT tokens were repurchased by the GMT team from early investors and advisors.
Triggering the burn mechanism: If the vote passes, these 600 million GMT will permanently disappear from the market, further reducing the circulation of GMT and enhancing its value.
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Profited 1.44 million in 9 days! Retail investors created a miracle in the cryptocurrency circle with Little Red Riding Hood NFT!
One investment, overnight wealth. On November 21, an ordinary retail investor participated in the BURNGMT event on the Mooar platform and received an airdrop reward of 904,000 GMT, worth about $198,000 (equivalent to RMB 1.44 million)! This amazing achievement has become a legend in the cryptocurrency circle.
Behind the miracle: Little Red Riding Hood NFT’s incredible returns
Data shows that this retail investor minted an MGGA Little Red Riding Hood NFT numbered 3368 during the event and pledged 8.665 million GMT. In just 9 days, he received an airdrop reward of up to 904,000 GMT, equivalent to an annualized daily rate of return of up to 1179%! At the same time, the price of GMT doubled during this period, which not only earned him a huge reward, but also enjoyed a bonus on the currency price, with the income comparable to "house appreciation".
Behind the miracle: Little Red Riding Hood NFT’s incredible returns
Data shows that this retail investor minted an MGGA Little Red Riding Hood NFT numbered 3368 during the event and pledged 8.665 million GMT. In just 9 days, he received an airdrop reward of up to 904,000 GMT, equivalent to an annualized daily rate of return of up to 1179%! At the same time, the price of GMT doubled during this period, which not only earned him a huge reward, but also enjoyed a bonus on the currency price, with the income comparable to "house appreciation".
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Freebie seekers, look here! Potentially over $200 per person
The popular project 05831369718 that launched on Binance Launchpad back in the day
Now users participate in voting to share 100 million GMT
If 100,000 people participate in voting to share 100 million GMT, then each voter can receive 1,000 GMT, worth over $200!
BURNGMT voting gameplay analysis
1. What is the limited time?
The voting time for BURNGMT is usually a fixed period set by the platform, such as opening a voting window weekly or monthly. Users must participate within this time frame; missing it means waiting for the next round.
2. Whose coins are burned?
The voting mechanism burns the tokens held by the users themselves, specifically the 05831369718 token. Users need to actively submit their tokens to the burn pool as a way to express support for specific options or projects.
3. What triggers the burn mechanism?
The burn mechanism is triggered by the user's voting behavior. After the voting ends, the system will destroy a corresponding number of 05831369718 tokens from the circulating market based on the number of votes cast by users. This mechanism aims to reduce the token supply and increase scarcity.
4. What is the voting lock-up mechanism?
When participating in voting, users need to lock up GMT in a specific contract; the lock-up period typically unlocks after the voting period ends. The lock-up mechanism ensures that users do not withdraw tokens during the voting period and guarantees the validity of the voting behavior.
5. What is the return rate?
The return rate is usually set by the platform or project party and may include various forms:
Token rewards: Users receive a certain proportion of reward tokens based on the number of votes cast.
NFT or exclusive rights: Voters may have the opportunity to receive limited edition NFTs or platform privileges.
Price growth potential: The burn mechanism reduces the token supply, which may indirectly enhance the market value of GMT, bringing potential gains to long-term holders.
Specific return rates vary based on platform activities and market conditions; users should assess whether to participate based on returns and burning costs.
The popular project 05831369718 that launched on Binance Launchpad back in the day
Now users participate in voting to share 100 million GMT
If 100,000 people participate in voting to share 100 million GMT, then each voter can receive 1,000 GMT, worth over $200!
BURNGMT voting gameplay analysis
1. What is the limited time?
The voting time for BURNGMT is usually a fixed period set by the platform, such as opening a voting window weekly or monthly. Users must participate within this time frame; missing it means waiting for the next round.
2. Whose coins are burned?
The voting mechanism burns the tokens held by the users themselves, specifically the 05831369718 token. Users need to actively submit their tokens to the burn pool as a way to express support for specific options or projects.
3. What triggers the burn mechanism?
The burn mechanism is triggered by the user's voting behavior. After the voting ends, the system will destroy a corresponding number of 05831369718 tokens from the circulating market based on the number of votes cast by users. This mechanism aims to reduce the token supply and increase scarcity.
4. What is the voting lock-up mechanism?
When participating in voting, users need to lock up GMT in a specific contract; the lock-up period typically unlocks after the voting period ends. The lock-up mechanism ensures that users do not withdraw tokens during the voting period and guarantees the validity of the voting behavior.
5. What is the return rate?
The return rate is usually set by the platform or project party and may include various forms:
Token rewards: Users receive a certain proportion of reward tokens based on the number of votes cast.
NFT or exclusive rights: Voters may have the opportunity to receive limited edition NFTs or platform privileges.
Price growth potential: The burn mechanism reduces the token supply, which may indirectly enhance the market value of GMT, bringing potential gains to long-term holders.
Specific return rates vary based on platform activities and market conditions; users should assess whether to participate based on returns and burning costs.