Benefits of GMT

As cryptocurrency mining became popular all over the world, people began to see its huge potential. But the complex and high-tech mining process has many barriers to entry, such as buying expensive hardware, maintaining it, and paying expensive electricity bills. But, an alternative way to mine Bitcoin without any of these barriers to entry has appeared.

Problems of mining

One of the main problems for people who want to begin their mining journey is that they usually do not have the required technical knowledge and financial capital to start mining on their own. Buying the right equipment, setting up the data center, and ensuring proper network connectivity are just some of the issues that could stop people from entering the crypto mining world.

Even if the potential miner has access to the right equipment and enough funds to buy it, mining rewards will not come instantly. Adjustment of the process and equipment maintenance can take up to a year. This means that there will be no earnings during this period. Also, if there is a need to stop mining, it can be extremely difficult to sell the equipment at a reasonable price, especially if the crypto market experiences a crash.

Several cryptocurrency firms are trying to simplify the mining process in order to attract inexperienced crypto enthusiasts. Many say that cloud mining is a solution. But cloud mining has drawbacks of its own. One of them is the time limit; with cloud mining, the user doesn’t actually own the computing power and he/she is set to mine only for a limited period of time.

What can be done to ease the mining process?

The GMT team took into consideration its experience and existing barriers to entry in the cryptocurrency mining space and started thinking about possible solutions. We realized that the cryptocurrency world needs a unique solution that will not only save people from unnecessary spending and organizational problems, but something that also increases mining rewards. Thus, the GMT token was created. Do you want to know how the GMT token works? It’s quite straightforward. Here is what you need to know about it…

A distinctive feature of this token is that, unlike other projects, each GMT is backed by real, constantly growing computing power. This token actually gives users instant access to Bitcoin mining capacity. The reward for mining in BTC is accrued daily to users on their wallets in proportion to payments from the pool, excluding the costs of maintaining the fleet of devices.

With GMT, there is no time limit for mining (unlike cloud mining), as you own a token that already participates in mining BTC for an unlimited period of time. And, GMT token typically increases in value and allows users to generate daily BTC rewards without buying equipment and paying costly electricity bills.

Constant growth

The supply capacity of GMT grows. The team regularly introduces new capacities and issues tokens proportionally. After the additional issue, the team burns 20%-90% of issued tokens and redistributes the released power between other GMT. As a result, the volume of token supply increases, which leads to an increase in mining rewards. For example, the initial supply capacity of GMT was 0.001 TH/s. Now it is 0.001559 TH/s.

Another example: after the last token burn, the daily satoshi payout increased from an average of 400 per day, to 700 per day. And this amount keeps on growing. Impressive, isn’t it?

Eco-friendly energy

GMT is actively committed to green and sustainable crypto mining. The company receives part of the electricity for the operation of data centers from renewable energy sources; namely, hydroelectric power plants and wind turbines. In the future, we plan to completely switch to renewable sources of energy and minimize our ecological footprint.

Community

The primary goal for the near future is listing on the main cryptocurrency exchange Binance.

In the next two years, the company plans to occupy 4% of the world’s BTC mining and 20% in the long term.

Our primary goal for the near-future is to get GMT listed on Binance — the world’s largest crypto exchange by daily traded volume.

In the next two years, the company aims to account for 4% of the world’s BTC mining, while 20% is its long-term objective.

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