# GMT Vesting & Utility

### **GMT Vesting Mechanics**

30% of total GMT will be distributed to users through move\&earn and Governance participation. For more about GMT token distribution and vesting schedule, please visit <https://gmtdao.com/>

### **Supply**

The GMT is minted at the Token Generation Event (TGE), with a total of 6,000,000,000 minted on 9th Mar 2022. Following is the contract address of GMT:

GMT on SOL:\
<https://solscan.io/token/7i5KKsX2weiTkry7jA4ZwSuXGhs5eJBEjY8vVxR4pfRx>

GMT on BNB:\
<https://bscscan.com/token/0x3019BF2a2eF8040C242C9a4c5c4BD4C81678b2A1>

GMT on ETH:\
<https://etherscan.io/token/0xe3c408bd53c31c085a1746af401a4042954ff740>

GMT on Polygon:\
<https://polygonscan.com/token/0x714DB550b574b3E927af3D93E26127D15721D4C2>

### GMT Burning Mechanics (Destroying)

#### **NFT**

1. Burn GMT to reach level 5/10/20/29/30
2. Burn GMT to upgrade Level 4+ Gems
3. Burn GMT to mint ALL Sneaker qualities&#x20;
4. Burn GMT to re-distribute Attribute points
5. Burn GMT to enhance a better quality Sneaker

#### **Enhance In-app Mechanics**

1. Burn GMT to permanently increase GST Daily Earning Cap
2. Burn GMT to permanently improve success rate of ALL Gem upgrade
3. Burn GMT to permanently improve the chance to receive a higher quality Sneaker from opening Shoebox
4. Burn GMT to permanently improve the chance to receive TWO Sneaker from Shoe-Minting


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