GMT DAO Launches Ambitious Token Burn Initiative, Putting GMT's Future in the Hands of Its Community

The GMT DAO – an independent community organization of GMT holders – is excited to announce the launch of the GMT burn initiative

The GMT DAO, an independent community organization of GMT holders, is pleased to announce the launch of the GMT burn initiative, an event designed to place the future of GMT firmly in the hands of its community.

Over the next 30 days, GMT holders will vote on the decision to burn up to 600 million GMT, an initiative that will mark this as one of the most ambitious token burns in the Web 3.0 ecosystem.

The initiative will see GMT holders decide on the quantity of GMT tokens to be burned, with options ranging from 100 million to 600 million tokens.

The initiative reflects the GMT DAO’s commitment to transparency, governance and sustainable token management.

This community-driven approach aligns with the DAO’s goal to shape GMT’s future responsibly and collaboratively.

The initiative marks a significant step in the evolution of the GMT ecosystem, empowering GMT holders to directly influence the token’s scarcity and value proposition.

This aligns with the broader vision of community-led governance, a concept that has gained increasing traction within the Web 3.0 landscape.

The GMT burn initiative is now live and will conclude on March 10. Throughout this period, GMT holders are encouraged to participate in the vote and contribute to shaping the future of GMT.

To participate in the vote, GMT holders can visit the following link and connect their wallets. The minimum voting threshold is 100 GMT.

About GMT DAO

The GMT DAO is an independent organization of GMT holders that was formed to oversee GMT’s future through transparent and community-led governance.

The DAO’s formation represents a commitment to empowering GMT holders with a voice in key decisions, ranging from token management to ecosystem development.

For more information on the GMT burn initiative and to participate, users can visit here.

About GMT 

GMT sits at the heart of the FSL ecosystem. Exclusively earned through STEPN, this token plays a crucial role across all FSL products.

Operating on four blockchains – Solana, BNB Chain, Ethereum and Polygon – GMT is pivotal in Gas Hero, where it’s used to trade items and burn for NFT level-ups.

On MOOAR, all items can be traded using GMT, and it’s also central to primary sale raffle mints with key partners and is used in the newly launched STEPN GO to buy sneakers and perform various in-app functions.

Contact

GMT DAO