The clear indicator tells you it will rise

The clear indicator tells you how much profit there is

The clear indicator tells you how many tokens are destroyed

Do you know which coin this is?

This is GMT, the hundredfold coin that became popular in the crypto circle three years ago.

The economic design of the GMT (STEPN) token aims to create a balance of supply and demand through a token destruction mechanism and use cases, promoting value growth. The total supply of GMT tokens is 6 billion, allocated as follows: 30% for mobile mining, 30% allocated to the team and private investors, 30% for ecosystem development, and 10% for listing and early liquidity.

Recently, the destruction of 600 million GMT, which accounts for about 10% of the total supply, has a profound impact on token economics:

1. Supply and Demand Balance: Destruction reduces the circulating supply, lowering selling pressure, while potentially driving up prices if demand remains stable or increases.

2. Value Return: Through destruction, the total token supply is better matched with the economic activities within the STEPN ecosystem, enhancing investor confidence in the long term.

3. Community Participation: Destruction is often related to voting or governance, which helps stimulate user activity and improve the sense of community involvement.

4. Ecosystem Promotion: Destruction combined with platform activities or new features may promote increased usage, driving further application of GMT in the DeFi or NFT sectors.

Summary: The destruction of 600 million GMT effectively reduces inflationary pressure and enhances token scarcity, but its long-term impact still relies on the coordination of ecosystem expansion and user growth. #BURNGMT @GMT DAO