The GMT DAO, an independent community organization of GMT holders, recently announced the launch of the GMT Burn Initiative, aiming to give the community a voice in the future of the token. With plans to burn up to 600 million GMT, equivalent to 100 million USD, this event marks one of the most ambitious token burns in the web3 ecosystem. The initiative reflects the GMT DAO’s focus on transparency, governance, and sustainable token management, aligning with the community-driven approach to shape GMT’s future responsibly and collaboratively.
To participate in the GMT Burn Initiative, GMT holders can visit burngmt.com to lock their tokens and cast their vote on various proposals, including the token burn. Participants will receive an exclusive ‘Make GMT Great Again’ Red Hat NFT as a token of acknowledgement for their involvement, along with the opportunity to receive a share of 100 million GMT at the end of the 60-day voting period. The voting process is recorded on the blockchain for transparency, showcasing the DAO’s commitment to open decision-making processes. Moving forward, GMT DAO will introduce new proposals and voting cycles every quarter, giving holders regular opportunities to shape the future of GMT.
This initiative demonstrates GMT DAO’s proactive approach to ensuring the token’s sustainable future by emphasizing innovation and community engagement. By enabling GMT holders to vote on key proposals, including potential token burns, the DAO highlights the power of collective input in building a strong, thriving ecosystem. This marks a significant step towards true decentralization and empowerment of the GMT community to have a say in the token’s direction and development.
The GMT Burn Initiative opens up a new chapter in GMT’s journey, offering every holder the opportunity to have a voice in the token’s future. Voting for the initiative, which starts at 100 GMT, is now live on burngmt.com, inviting all GMT holders to participate in shaping the token’s trajectory. The GMT DAO, as an independent organization of GMT holders, is dedicated to overseeing GMT’s future through transparent and community-led governance, empowering holders with a voice in key decisions from token management to ecosystem development.
GMT is a token at the core of the FSL ecosystem, exclusively earned through STEPN and playing a crucial role across all FSL products. Operating on Solana, BNB Chain, Ethereum, and Polygon, GMT is essential in Gas Hero for trading items and burning for NFT level-ups. On MOOAR, GMT is used for all item trades, primary sale raffle mints, and is central to the newly launched STEPN GO app for purchasing Sneakers and performing various in-app functions. To learn more about the GMT Burn Initiative and participate, users can visit burngmt.com or contact GMT DAO via email at [email protected]
