The 6 billion GMT burning plan started on the first day, with an annualized yield of 1200%.

BlockBeats news, on November 22nd, BurnGMT.com officially launched on November 21st. As a 600 million GMT burning plan led by the GMT Ecological Fund, the first day's annualized return rate reached about 1200%. According to platform data, users can not only participate in governance decisions through Lock-up Position GMT, but also enjoy a daily fixed distribution of 1.67 million GMT rewards, with a total reward of 100 million GMT. It is reported that the GMT withdrawal function of multiple trading platforms shows suspended service. The large-scale Lock-up Position has directly reduced the quantity of GMT in circulation in the market, and Liquidity is gradually being drained.