Stake your $GMT for 99% APY
Staking is a concept that you’ll hear a lot if you’re a crypto investor. Staking is a method of verifying transactions in many cryptocurrencies, and it allows users to earn rewards for their holdings.
$GMT, the leading move to earn app STEPN’s token, is now available to stake on Bybit with a groundbreaking 99% APY! Access the Flexible Savings section on Bybit, click Stake and earn guaranteed yields!
Flexible Savings on Bybit allows you to stake tokens (BTC, ETH, USDT and USDC) and earn guaranteed yields in the same type of tokens with a high APY. The yield will be auto deposited daily to your Earn account, and your staked tokens can be unstaked anytime. Your staked tokens will be auto-credited to your Earn Account immediately once unstaked. To unstake, please head to “Flexible Savings” in “Earn Account” under “Orders & Trade”.
STEPN Has Started to Buy Back & Burn 26 Million $GMT
STEPN, a renowned move-to-earn app, stated that it has begun buying back and burning GMT tokens. The team announced that they intend to purchase GMT worth 10,000 SOL (about $1 million) every day until the funds (around $26 million) run out.
STEPN has earlier announced a profit of 198,635.62 SOL (about US$26,815,807.35) in the first quarter, which was generated via in-app transaction royalties (4%) and handling fees (2%). The team claimed that it will repurchase and burn GMT on the secondary market with these funds. This process, according to STEPN, might take up to a month to complete in order to minimize price volatility.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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