GMT DAO Introduces Groundbreaking Burn Initiative with 600 Million GMT Target

21.11.2024 / Payment system news

The GMT DAO, a decentralized collective of GMT holders, is thrilled to unveil the GMT Burn Initiative—an event crafted to empower the community and secure GMT’s future in their hands. This initiative empowers GMT holders to vote on the potential burn of up to 600 million GMT, a move valued at 100 million USD, positioning it as one of the most audacious token burns within the Web3 landscape.

The GMT Burn Initiative showcases the GMT DAO’s dedication to transparency, effective governance, and sustainable management of its token ecosystem. This community-centric strategy resonates with the DAO’s mission to collaboratively and responsibly sculpt GMT’s future.

How It Works:

  • Lock and Vote: GMT holders can participate by visiting burngmt.com, where they can lock their tokens and vote on various proposals, including the first of its kind “GMT Burn Initiative.” Participants will receive an exclusive soulbound ‘Make GMT Great Again’ Red Hat NFT as a token of acknowledgment for their involvement. This NFT will record metadata detailing the claimed and eligible airdrops, as well as the votes cast.
  • Earn Rewards: 100 million GMT will be distributed to participants as rewards at the end of the 60-day voting period, contingent on achieving milestones.
  • On-Chain Transparency: The voting process is recorded on the blockchain, allowing anyone to verify results and ensuring the integrity and transparency of each decision.
  • Regular Voting Cycles: This burn initiative is just the beginning. GMT DAO will introduce new proposals and voting cycles every quarter, giving holders regular opportunities to shape GMT’s future via gmtdao.com.

    • This initiative highlights a forward-thinking approach to securing GMT’s sustainable future, focusing on innovation and community involvement. The GMT DAO is steadfast in its dedication to genuine decentralization, enabling GMT holders to influence its trajectory. By activating votes on pivotal proposals, such as a significant token burn, the DAO underscores the strength of community engagement and its commitment to fostering a robust, flourishing ecosystem.

    The GMT Burn Initiative signifies a pivotal moment in GMT’s evolution, empowering each holder to make their voice heard. Voting has officially kicked off at 100 GMT at burngmt.com, calling all GMT holders to participate in defining the future of the token.