On November 21st, BurnGMT.com was launched with a 600 million GMT burning plan by the GMT Ecological Fund. It offers a high first-day annualized return rate of about 1,200%. Users can participate in governance decisions by locking GMT and enjoy a daily reward of 1.67 million GMT, totaling up to 100 million GMT.
As a result, many trading platforms have suspended GMT currency withdrawal services, causing a large-scale lock-up and reducing GMT circulation, which has led to a gradual drain on liquidity.
