PAWS Pre-Market Update & BURNGMT Initiative: Key Highlights
PAWS Pre-Market Price Update
1 PAWS = $0.0497
10,000 PAWS = $497
The biggest airdrop of 2024 is live—your chance to earn free rewards!
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Spotlight on the BURNGMT Initiative
The GMT DAO is revolutionizing the crypto space with the BURNGMT Initiative, a key feature of the Public Beta Phase VI. This bold plan involves a community vote to burn 600 million GMT tokens between November 21, 2024, and January 20, 2025, emphasizing decentralization, market stability, and sustainable growth.
What is BURNGMT?
The initiative lets GMT holders decide whether 600 million tokens (originally allocated to advisors, investors, and team members) should be burned. These tokens were donated to GMT DAO, giving the community voting power. Participants can lock their GMT tokens to vote and earn rewards from a 100 million GMT reward pool as an incentive.
Why is this Important?
1. Deflationary Economics
Burning 600 million tokens will reduce supply, potentially driving up value and boosting market confidence.
2. Strengthened Community Governance
This initiative empowers token holders, reinforcing GMT DAO’s decentralized approach.
3. Impact on Market Dynamics
With only 27% of GMT’s total supply remaining in circulation over six years, a constrained supply environment could lead to price growth.
4. Participant Rewards
Earn daily passive income from the 100 million GMT reward pool during the lock-up period.
Play an influential role in shaping GMT’s ecosystem.
How to Participate
Log In: Access the BURNGMT event on Binance.
Lock Tokens: Choose how much GMT to lock and cast your vote.
Track Rewards: Monitor daily rewards and await the outcome on January 20, 2025.
Broader Implications
The BURNGMT initiative signals GMT’s commitment to innovation and ecosystem growth. By supporting flagship projects like STEPN (a GameFi app with 6M users), MOOAR (an NFT marketplace), and DOOAR (a DEX ecosystem), GMT DAO continues to lead Web3 and blockchain advancements.
Stay tuned for updates!
#BURNGMT #GMT
