GMT DAO Launches GMT Burn Initiative, Placing the Future of GMT in the Hands of Its Community

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

Sydney, Australia, November 21st, 2024, Chainwire

The GMT DAO, an independent community organization of GMT holders, is excited to announce the launch of the GMT Burn Initiative—an event designed to place the future of GMT in the hands of its community. Through this initiative, GMT holders will vote on the decision to burn up to 600 million GMT, equivalent to 100 million USD, marking this as one of the most ambitious token burns in the web3 space.

The GMT Burn 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 showcases a proactive effort to ensure GMT’s sustainable future, emphasizing innovation and community engagement. The GMT DAO remains committed to true decentralization, empowering GMT holders to shape its direction. By enabling votes on key proposals, including a potential major token burn, the DAO highlights the power of collective input and its dedication to building a strong, thriving ecosystem.

The GMT Burn Initiative marks a new chapter in GMT’s journey, giving every holder a voice. Voting, which starts at 100 GMT, is now open at burngmt.com, inviting all GMT holders to help shape the token’s future.

About GMT DAO

The GMT DAO is an independent organization of GMT holders overseeing 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, from token management to ecosystem development.

For more information on the GMT Burn Initiative and to participate, users can visit burngmt.com.

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. GMT operates on four blockchains—Solana, BNB Chain, Ethereum, and Polygon—and 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

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