# $GMTO Burning

### Supply

The GMTO is minted at the Token Generation Event (TGE), with a total of 100,000,000,000 minted on 1th Nov 2023.\
Following is the contract address of GMTO:\
\
GMTO on polygon\
<https://polygonscan.com/token/0x25578065bdD4EBd68E7fFeeDFc4e6614f3f0057F><br>

### GMTO Vesting Mechanics.

50% of total GMTO will be distributed to users through MTO staking. By staking MTO in in-game staking, 1 MTO = 50 GMTO per year on a pro-rated basis.

### GMTO Burning Mechanics

1. Burn GMTO to repair NFT shoes.
2. Burn GMTO to upgrade NFT shoes.
3. Burn GMTO to purchase NFT items.
4. Burn GMTO to mint NFT items.

### GMTO Burning systems

Up to 50 billion GMTOs of the total 100 billion GMTOs issued will be burned each time they are used in the Meteorn Run game.


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