The rules of the 600 million GMT burning plan have been announced, and BurnGMT.com is officially online.

2024-11-21 05:05:18

Abstract generation in progress

BlockBeats news, on November 21st, the GMT team announced on X that the BurnGMT.com platform will officially launch at 11:00 am Hong Kong time on November 21st. Users can participate in the burning decision of up to 600 million Tokens through Lock-up Position GMT. It is reported that the project has spent approximately 100 million US dollars to repurchase all 600 million GMT tokens allocated to early investors, advisors, and the team that have not been unlocked. These tokens will be gradually unlocked over the next 10 months, but will be directly destroyed once the voting threshold is met. This burning plan is led by the GMT Ecological Fund and is used to empower the community for on-chain governance. GMT DAO is an independent entity composed of GMT holders and operates autonomously, without any affiliation with FSL or its related brands.

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