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Author: Admin | 2025-04-27
On the GMT.io platform completing a KYC process, GMT holders can start receiving their mining rewards directly to their Bitcoin wallet on a daily basis. The amount of rewards depends on the amount of GMT tokens the user holds, since more tokens means more hashrate.An interesting aspect of GMT is that the hashrate represented by each token grows over time due to a token burning mechanism. For a more in-depth look at how the GMT token works, feel free to check out our GMT review.GMT tokens are issued on Ethereum and BNB Chain, and trade on both centralized and decentralized cryptocurrency exchanges. If the holder decides it’s time to move their capital somewhere else, they can simply sell their tokens at any time. The GMT project is currently celebrating its first anniversary. During its first year of operations, GMT has displayed impressive growth in many key metrics.1 GMT token, which represented 0.001 TH/s worth of hashrate at launch in April 2021, now represents 0.00172 TH/s, up 72%. The supply of the token has grown from 100 million tokens to 263 million tokens, reflecting demand from customers. Indeed, the number of GMT token holders has grown from 6,631 in September 2021 to 16,661 as of March 2022. The growth of GMT's mining power and supply. Image source: GMT.ioThe total hashrate of the GMT platform has increased from 100,000 TH/s at launch to 450,000 TH/s as of March 2022—during this month, the GMT.io platform paid out a total of 35.8 BTC in mining rewards to users.Beyond these growth metrics, GMT.io has also reached several other accomplishments in its first year. Some of the most notable milestones from the project’s first year are joining the Bitcoin Mining Council, an international organization advocating for transparency and sustainability in the Bitcoin mining industry, and welcoming mixed martial arts fighter Khabib Nurmagomedov as an ambassador for GMT. In addition, the International Business Times has added the project to the list of Top Blockchain Projects To Follow In 2022. The project was also featured by mainstream media outlets like FXStreet, Entrepreneur and tech-specialized outlets like Tech Times.Projects like GMT help make mining accessible to ordinary crypto investors who don't have the capital and technical know-how to run a Bitcoin mining operation themselves. By tokenizing hashrate, GMT packages exposure to Bitcoin mining into an intuitive and efficient product that can be bought or sold at any time.
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