Discover the GMT Burn Initiative by GMT DAO, enabling holders to vote on burning up to 600M GMT tokens. Learn how this community-led event fosters transparency and sustainable growth.
By Eliza Crichton-Stuart
Updated November 21st 2024
Updated November 21st 2024
The GMT DAO, an independent organization of GMT token holders, has launched the GMT Burn Initiative, a bold step towards community-driven governance and sustainable tokenomics in the web3 space. This initiative invites GMT holders to participate in the decision-making process to burn up to 600 million GMT, valued at $100 million. The program emphasizes transparency, collaboration, and the empowerment of its community.
FSL Ecosystem
The GMT DAO is an autonomous community organization that prioritizes transparent governance. Dedicated to giving GMT holders a decisive role in the platform's future, the DAO’s efforts reflect its commitment to decentralization and sustainable growth. The GMT Burn Initiative is designed to put significant decision-making power in the hands of GMT holders.
Participants can visit burngmt.com to lock their tokens and vote on critical proposals, including the flagship burn initiative. To incentivize participation, the DAO will reward users with an exclusive soulbound NFT titled Make GMT Great Again Red Hat, which documents their voting activity and related airdrops through embedded metadata.
GMT DAO Launches GMT Burn Initiative
Key Art
By reducing the circulating supply of GMT tokens, the burn initiative aims to create long-term value for holders. This approach complements the DAO’s focus on fostering a sustainable and innovative token economy. The decentralized framework also ensures that the GMT community remains at the forefront of all significant decisions. GMT is integral to the FSL ecosystem, where it plays a pivotal role across various applications:
STEPN GO IP
The GMT Burn Initiative sets a new standard for community engagement in the web3 ecosystem. By allowing holders to vote on the potential burn of 600 million GMT tokens, the DAO underscores its dedication to decentralization and transparency. Voting is now open at burngmt.com, inviting all GMT holders to play an active role in shaping the token’s future.
updated:
November 21st 2024
posted:
November 21st 2024
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