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GMT Burning

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: https://explorer.solana.com/address/7i5KKsX2weiTkry7jA4ZwSuXGhs5eJBEjY8vVxR4pfRx

GMT Vesting Mechanics

30% of total GMT will be distributed to users through move&earn and Governance participation. To ensure the longevity of the STEPN project, the total release of GMT will halve every three years. For more about GMT token distribution and vesting schedule, please visit https://stepn.com/litePaper

GMT Burning Mechanics (Destroying)

NFT
  1. 1.
    Burn GMT to reach level 5/10/20/29/30
  2. 2.
    Burn GMT to upgrade Level 4+ Gems
  3. 3.
    Burn GMT to mint ALL Sneaker qualities
  4. 4.
    Burn GMT to re-distribute Attribute points
  5. 5.
    Burn GMT to enhance a better quality Sneaker
Enhance In-app Mechanics
  1. 1.
    Burn GMT to permanently increase GST Daily Earning Cap
  2. 2.
    Burn GMT to permanently improve success rate of ALL Gem upgrade
  3. 3.
    Burn GMT to permanently improve the chance to receive a higher quality Sneaker from opening Shoebox
  4. 4.
    Burn GMT to permanently improve the chance to receive TWO Sneaker from Shoe-Minting
Schadenfreude Pools (Under re-design) ‘Schadenfreude is the experience of joy that comes from learning of the failures of another.’ Coming Soon.

GMT Staking Rules

Coming Soon.