GMT DAO Launches Groundbreaking Burn Initiative with a Goal of As much as 600 Million GMT

The GMT DAO, an impartial neighborhood group of GMT
holders, is worked up to announce the launch of the GMT Burn Initiative—an occasion
designed to position the way forward for GMT firmly within the palms of its neighborhood.
By way of this initiative, GMT holders will vote on the choice to burn as much as
600 million GMT, equal to 100 million USD, marking this as one of the vital
formidable token burns within the web3 ecosystem.

The GMT Burn Initiative displays the GMT DAO’s dedication to
transparency, governance, and sustainable token administration. This
community-driven method aligns with the DAO’s purpose to form GMT’s future
responsibly and collaboratively.

How It Works:

1. Lock
   and Vote: GMT holders can take part by visiting the web site, the place
   they will lock their tokens and forged their vote on varied proposals,
   together with the primary of its type “GMT Burn Initiative”. Individuals will
   obtain an unique soulbound ‘Make GMT Nice Once more’ Purple Hat NFT as a
   token of acknowledgement for his or her involvement. This NFT will document
   metadata detailing the claimed and eligible airdrops, in addition to the votes
   forged.
2. Earn
   Rewards: A complete of 100 million GMT will probably be distributed on the finish of
   the 60-day voting interval as rewards to individuals, contingent on
   attaining milestones.
3. On-Chain
   Transparency: The voting course of is recorded on the blockchain,
   permitting anybody to confirm outcomes and making certain the integrity and
   transparency of every choice.
4. Common
   Voting Cycles: This burn initiative is just the start. Shifting
   ahead, GMT DAO will introduce new proposals and voting cycles each
   quarter, giving holders common alternatives to form the way forward for GMT.

This initiative showcases a proactive effort to make sure GMT’s
sustainable future, emphasizing innovation and neighborhood engagement. The GMT
DAO stays dedicated to true decentralization, empowering GMT holders to form
its course. By enabling votes on key proposals, together with a possible main
token burn, the DAO highlights the facility of collective enter and its dedication
to constructing a robust, thriving ecosystem.

The GMT Burn Initiative marks a brand new chapter in GMT’s
journey, giving each holder a voice. Voting, which begins at 100 GMT, is now
open at burngmt.com, inviting all GMT holders to assist form the token’s future.

About GMT DAO

The GMT DAO is an impartial group of GMT holders
devoted to overseeing GMT’s future by way of clear and community-led
governance. The DAO’s formation represents a dedication to empowering GMT
holders with a voice in key selections, from token administration to ecosystem
growth.

About GMT

GMT sits on the coronary heart of the FSL ecosystem. Completely
earned by way of STEPN, this token performs an important position throughout all FSL merchandise.
GMT operates on 4 blockchains—Solana, BNB Chain, Ethereum, and Polygon—and
is pivotal in Gasoline Hero, the place it is used to commerce gadgets and burn for NFT
level-ups. On MOOAR, all gadgets may be traded utilizing GMT, and it’s additionally central
to main sale raffle mints with key companions and is used within the newly
launched STEPN GO to purchase Sneakers and carry out varied in app capabilities.

This text was written by FL Contributors at www.ubaidahsan.com.



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