GMT DAO Launches Revolutionary GMT Burn Initiative
Sydney, Australia, November 21st, 2024, Chainwire
The GMT DAO, a community organization of GMT holders, is thrilled to introduce the GMT Burn Initiative, a groundbreaking event aimed at empowering the GMT community to shape the future of the token. This initiative involves a proposal to burn up to 600 million GMT, equivalent to 100 million USD, making it one of the most ambitious token burns in the web3 ecosystem.
The GMT Burn Initiative underscores the GMT DAO’s values of transparency, governance, and sustainable token management. By adopting a community-driven approach, the DAO is committed to responsibly and collaboratively shaping the future of GMT.
Key Features of the GMT Burn Initiative:
- Lock and Vote: Participants can engage in the initiative by visiting burngmt.com, where they can lock their tokens and vote on various proposals, including the GMT Burn Initiative. As a token of appreciation, participants will receive an exclusive ‘Make GMT Great Again’ Red Hat NFT, documenting their involvement.
- Earn Rewards: At the end of the 60-day voting period, 100 million GMT will be distributed as rewards to participants who have achieved specific milestones.
- On-Chain Transparency: The voting process is transparently recorded on the blockchain, enabling anyone to verify the results and maintain the integrity of each decision.
- Regular Voting Cycles: The GMT DAO plans to introduce new proposals and voting cycles every quarter through gmtdao.com, offering holders consistent opportunities to influence the future of GMT.
This initiative exemplifies a proactive approach to ensuring GMT’s sustainability, emphasizing innovation and community involvement. By enabling voting on critical proposals, including a potential significant token burn, the GMT DAO highlights the power of collective input and its commitment to cultivating a robust ecosystem.
The GMT Burn Initiative signifies a new era for GMT, granting every holder a voice in the token’s evolution. Voting, commencing at 100 GMT, is now open at burngmt.com, welcoming all GMT holders to contribute to shaping the token’s future.
About GMT DAO
The GMT DAO is an autonomous organization of GMT holders dedicated to overseeing the future of GMT through transparent, community-led governance. Its establishment reflects a dedication to empowering GMT holders with a say in vital decisions, ranging from token management to ecosystem development.
For more details on the GMT Burn Initiative and participation instructions, visit burngmt.com.
About GMT Token
GMT serves as a cornerstone of the FSL ecosystem, exclusively earned through STEPN. This token operates across four blockchains—BNB Chain, Ethereum, Solana, and Polygon—and plays a pivotal role in Gas Hero, MOOAR, primary sale raffle mints, and STEPN GO.
Contact GMT DAO at hello@gmtdao.com
Original article: chainwire.org