The GMT DAO, a community of GMT holders, has launched an exciting new initiative. They’re calling it the GMT burn initiative. This allows the community to vote on whether to burn up to 600 million GMT tokens, which is worth about $100 million. It's one of the biggest token burns in the Web 3.0 space.

This initiative shows the GMT DAO's commitment to transparency and responsible token management. It puts the power in the hands of the community, allowing them to shape the future of GMT together.

Here’s how it works:

  • Lock and vote: GMT holders can participate by visiting the official platform. They can lock their tokens and vote on various proposals, including the burn initiative. Every participant will receive a unique NFT, a ‘Make GMT Great Again’ red hat, as a thank-you for their involvement. This NFT will keep track of their votes and any eligible airdrops.
  • Earn rewards: At the end of the 60-day voting period, 100 million GMT tokens will be distributed as rewards to participants, based on reaching certain milestones.
  • On-chain transparency: The voting process will be recorded on the blockchain. This means anyone can verify the results, ensuring that every decision is made with integrity.
  • Regular voting cycles: This burn initiative is just the start. The GMT DAO will introduce new proposals and voting opportunities every quarter. This gives holders a chance to continuously influence the future of GMT.

This initiative is a proactive step toward ensuring a sustainable future for GMT. It emphasizes innovation and community involvement. The GMT DAO values decentralization, empowering holders to guide its direction. By allowing votes on important proposals, including major token burns, the DAO highlights the power of collective input.

The GMT burn initiative marks a significant moment in the journey of GMT. It gives every holder a voice. Voting starts at just 100 GMT and is now open, inviting all GMT holders to participate in shaping the token’s future.

About GMT DAO:

The GMT DAO is dedicated to overseeing the future of GMT through community-led governance. By forming this organization, they commit to empowering GMT holders in key decisions, from managing tokens to developing the ecosystem. For more details about the burn initiative and how to get involved, check out the official platform.

About GMT:

GMT is a crucial part of the FSL ecosystem. You can only earn it through STEPN, and it plays a vital role across all FSL products. GMT operates on four blockchains: Solana, BNB Chain, Ethereum, and Polygon. It’s essential in Gas Hero for trading items and leveling up NFTs. On MOOAR, all items can be traded using GMT. It’s also key for primary sale raffles and is used in the new STEPN GO for buying sneakers and performing various in-app functions.

Contact GMT DAO:

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