With 1 million participants voting, each person can share 100 tokens.
For those who are not yet familiar with the gameplay, look here for straightforward information!
1. Analysis of GMT DAO's 60-day Lock-up Voting Gameplay
The GMT DAO's lock-up voting mechanism aims to incentivize user participation in governance while reducing market circulation through token lock-up, supporting GMT price stability and ecological development. This 60-day lock-up voting activity attracts users to lock up tokens and participate in voting by setting up a reward pool. The specific gameplay is as follows:
2. Detailed Process for User Participation in Voting
1. Activity Registration and Lock-up
Users need to participate in the activity through the official GMT DAO platform.
Users will lock a certain amount of GMT tokens into the voting contract, with a lock-up period of 60 days. The amount locked determines the user's voting weight, which is the user's 'governance power.'
2. Voting Stage
During each voting round, the DAO will publish specific governance proposals, such as whether to destroy a certain number of GMT tokens.
During the voting window, users vote on proposals based on the weight of their locked tokens.
3. Reward Distribution
After voting ends, the GMT in the reward pool will be distributed according to users' voting weight. For example, if the total weight is 1000, and a certain user accounts for 10% of the weight, that user will receive 10% of the GMT rewards from that round's reward pool.
Rewards come from a reward pool of 100 million GMT, distributed in phases and rounds until the reward pool is exhausted.
4. Unlocking and Reward Withdrawal
After the 60-day lock-up period ends, users can withdraw the locked GMT tokens and their accumulated voting rewards. Users can also choose to continue locking their tokens to participate in subsequent voting activities.
3. 100 Million GMT Reward Sharing Mechanism
Total Reward Amount:
GMT DAO has established a reward pool of 100 million GMT to distribute to users participating in voting.
Distributed round by round:
The reward pool is distributed according to the ratio of participating users and voting weights in each voting round, rather than distributed all at once.
Calculation Method:
After each voting round ends, the user's reward = (User Weight ÷ Total Weight) × Total Amount of Reward Pool for that round.
4. Highlights of the Gameplay
1. Lock-up Earnings + Ecological Governance:
Users can not only receive voting rewards but also influence the future development of GMT through governance proposals.
2. Long-term Incentives:
Through the 60-day lock-up restriction, GMT DAO encourages users to hold tokens for the long term, reducing short-term selling pressure and enhancing market confidence.
3. Flexible Participation:
Users can choose to continue participating or exit after the lock-up period ends, with reward calculations being fair and transparent, suitable for different types of investors.
Summary:
The 60-day lock-up voting activity combines governance, rewards, and token economics, enhancing user participation while reducing market selling pressure through the reward mechanism and lock-up, expected to bring long-term positive effects to the GMT ecosystem.
