You asked about it, you were waiting for it, and now we've reached the finish line.
13 Feb 2023, 16:31
You asked about it, you were waiting for it, and now we've reached the finish line.
GMT has begun preparations to list its token on the world's largest crypto exchange, Binance.
In order for us to be able to do this, the token itself must change. That's why, from February 15th, it will switch from the status of being a security to being a utility.
What does this mean and what's the difference?
Security tokens are digital analogs of securities. The issue and turnover of such assets takes place in accordance with the legal norms and securities legislation of financial regulators of various countries.
As a general rule, crypto projects face a number of regulatory obstacles when issuing such tokens that limits both growth and development.
Utility tokens are tokens that allow users to access goods or services provided by the company, and also act as goods themselves.
One of the conditions for being listed on leading crypto exchanges is the absence of characteristics inherent in securities. In other words, the utilitarian nature of the token becomes a key requirement. That's why we're reshaping the project in accordance with Binance's requirements.
What changes you'll notice.
GMT tokens will no longer mine bitcoins for new holders. However, for those who purchased tokens before February 15, and for those whose assets are already time locked, the conditions will remain the same. We have never let our investors down and won't do so now.
What we offer in return.
You'll still be able to earn money by owning GMT tokens, but now you'll need to use staking to do so. This opportunity will be available starting Wednesday. It'll definitely pique your interest you with its favorable conditions.
Follow our news. We'll have a lot more info for you on February 15th.