GMT DAO launches groundbreaking burn plan with target of up to 600 million GMT

admin13 hours ago

Chainwire, Sydney, Australia, November 21, 2024

GMT DAO, an independent community organization of GMT holders, is pleased to announce the launch of the GMT Burn Initiative, an event designed to place the future of GMT firmly in the hands of the community. This initiative will allow GMT holders to vote on the burn decision. 600 million Greenwich Mean Time, This equates to $100 million, making it one of the most ambitious token burns in the web3 ecosystem.

The GMT Burn Initiative reflects GMT DAO’s commitment to transparency, governance, and sustainable token management. This community-driven approach is consistent with the DAO’s goal to responsibly and collaboratively shape the future of GMT.

How it works:

Lock and vote: GMT holders can visit burngmt.com to lock their tokens and vote on various proposals, including the first-ever “GMT Burn Initiative”. Participants will receive an exclusive Soulbound ‘Make GMT Great Again’ Red Hat NFT as a thank you for their participation. This NFT records metadata detailing claimed and eligible airdrops and votes.
Earn rewards: At the end of the 60-day voting period, a total of 100 million GMT will be distributed to participants as rewards based on milestone achievement.
On-chain transparency: The voting process is recorded on the blockchain, so anyone can verify the results, ensuring the integrity and transparency of each decision.
Regular Voting Cycle: This incineration plan is just the beginning. Going forward, GMT DAO will introduce new proposals and voting cycles every quarter, giving holders regular opportunities to shape the future of GMT via gmtdao.com.

This initiative demonstrates a proactive commitment to ensuring a sustainable future for GMT, with an emphasis on innovation and community engagement. GMT DAO is committed to true decentralization, empowering GMT holders to determine direction. By enabling voting on key proposals, including potential major token burns, the DAO emphasizes the power of collective opinion and its commitment to building a strong and thriving ecosystem.

The GMT Burn Initiative opens a new chapter in the GMT journey by giving a voice to all holders. Voting opens now at 100:00 GMT burnmt.comAll GMT holders are invited to help shape the future of the token.

About GMT DAO

The GMT DAO is an independent organization of GMT holders dedicated to overseeing the future of GMT through transparent, community-driven governance. The formation of the DAO represents a commitment to giving GMT holders a say in key decisions, from token management to ecosystem development.

To learn more about the GMT Burn Initiative and how to get involved, visit: burnmt.com.

Introduction to GMT

GMT sits at the heart of the FSL ecosystem. Get exclusive via stepThis token plays an important role in all FSL products. GMT operates on four blockchains: Solana, BNB Chain, Ethereum, and Polygon. Gas HeroNFTs are used to trade and burn items to level up. to SelflessnessAll items can be traded using GMT and are also the centerpiece of our primary sales sweepstakes mint with key partners, as well as new releases. step movement You can purchase sneakers and perform various app functions.