$GMT coin, which plays a central role in the ecosystem of projects that have reached 6 million users, such as Stepn, which left its mark on the past bull, has a total supply of 5.26 billion units. The current market cap value is 620 million dollars. The token circulation amount will reach 100% in September 2029. #BURNGMT
I think that GMT coin, which reached a market cap of 2 billion dollars despite being listed at the beginning of the last bear season, can reach 10 billion dollars in this bull run. This corresponds to approximately 3 dollars when compared to the amount of coins that will enter circulation.
GMT DAO has launched the GMT Burn Initiative, an initiative that encourages GMT owners to contribute to governance as an independent community organization. This initiative aims to support community governance and sustainable tokenomics by using holders' votes to burn GMT tokens.
The GMT Burn Initiative allows holders to decide to burn a total of 600 million GMT tokens. This equates to a value of approximately $100 million and is a community-led process. The initiative allows GMT holders to shape the future of the platform by prioritizing transparency, collaboration and community power.
Holders can participate in this initiative by locking their tokens and casting their votes at burngmt.com. While participation is encouraged, owners are rewarded with a special soulbound NFT (Make GMT Great Again Red Hat). This NFT contains metadata that records voting activity and associated airdrops.
The GMT Burn Initiative is seen as an important step in community management and allows GMT owners to determine the future of the platform. This process aims to create a community-driven and sustainable token economy.