The GMT DAO an impartial group group of GMT holders is worked up to announce the launch of the GMT burn initiative, an occasion designed to put the way forward for GMT firmly within the fingers of its group.
Via this initiative, GMT holders will vote on the choice to burn as much as 600 million GMT, equal to $100 million, marking this as one of the crucial formidable token burns within the Internet 3.0 ecosystem.
The GMT burn initiative displays the GMT DAO’s dedication to transparency, governance and sustainable token administration.
This community-driven strategy aligns with the DAO’s objective to form GMT’s future responsibly and collaboratively.
The way it works
- Lock and vote GMT holders can take part by visiting right here, the place they’ll lock their tokens and forged their vote on numerous proposals, together with the first-of-its-kind GMT burn initiative. Contributors will obtain an unique soulbound ‘Make GMT Nice Once more’ purple hat NFT as a token of acknowledgement for his or her involvement. This NFT will document metadata detailing the claimed and eligible airdrops, in addition to the votes forged.
- Earn rewards A complete of 100 million GMT might be distributed on the finish of the 60-day voting interval as rewards to individuals, contingent on attaining milestones.
- On-chain transparency The voting course of is recorded on the blockchain, permitting anybody to confirm outcomes and guaranteeing the integrity and transparency of every resolution.
- Common voting cycles This burn initiative is only the start. Transferring ahead, GMT DAO will introduce new proposals and voting cycles each quarter, giving holders common alternatives to form the way forward for GMT through the web site.
This initiative showcases a proactive effort to make sure GMT’s sustainable future, emphasizing innovation and group engagement.
The GMT DAO stays dedicated to true decentralization, empowering GMT holders to form its route.
By enabling votes on key proposals, together with a possible main token burn, the DAO highlights the facility of collective enter and its dedication to constructing a robust, thriving ecosystem.
The GMT burn initiative marks a brand new chapter in GMT’s journey, giving each holder a voice.
Voting, which begins at 100 GMT, is now open right here, inviting all GMT holders to assist form the token’s future.
About GMT DAO
The GMT DAO is an impartial group of GMT holders devoted to overseeing GMT’s future by means of clear and community-led governance.
The DAO’s formation represents a dedication to empowering GMT holders with a voice in key choices, from token administration to ecosystem growth.
For extra info on the GMT burn initiative and to take part, customers can go to right here.
About GMT
GMT sits on the coronary heart of the FSL ecosystem. Completely earned by means of STEPN, this token performs an important position throughout all FSL merchandise.
GMT operates on 4 blockchains Solana, BNB Chain, Ethereum and Polygon and is pivotal in Gasoline Hero, the place it’s used to commerce objects and burn for NFT level-ups.
On MOOAR, all objects could be traded utilizing GMT, and it’s additionally central to major sale raffle mints with key companions and is used within the newly launched STEPN GO to purchase sneakers and carry out numerous in-app features.
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