6 Billion GMT Burn Plan Launched on First Day, Achieving 1200% Annualized Yield

BlockBeats News, November 22, BurnGMT.com was officially launched on November 21. As part of the 6 billion GMT burning plan led by the GMT Ecosystem Fund, the first-day annualized yield reached around 1200%.

According to platform data, users can not only participate in governance decisions by staking GMT but also enjoy a daily fixed distribution of 1.67 million GMT rewards, with a total reward amount of 100 million GMT.

It is reported that the GMT withdrawal function on several exchanges is currently suspended. The large-scale staking has directly reduced the circulating supply of GMT in the market, causing liquidity to be gradually drained.