GMT Token Launches New “Greedy Machines” NFT Series
The GMT token smart contract was launched in 2021 by GoMining. It is an international network of mining hotels that rent space for equipment and conduct BTC mining.
The company’s founders understand how difficult it is for an ordinary user to start mining cryptocurrency. Even large organizations cannot increase capacity with the increasing complexity of the Bitcoin network. The GMT token allows anyone to earn rewards in BTC without any problems.
What is the GMT Token?
GMT mines Bitcoin on the equipment and distributes the reward among the holders. Payments are made automatically via smart contracts, which are audited by CertiK.
A large part of the funds from the token sale is used to increase the capacity of GMT. Once the new equipment is put into operation, the issuer allocates an additional batch of tokens. The native currency protocol contains mechanisms for fundamental growth and protection against inflation.
When the team adopts new equipment, they issue new tokens. The number of issued tokens is not proportional to the equipment capacity, but is 20% less. That way, the team distributes the free power among all tokens in circulation, ensuring that the power of each token grows, as does the mining reward.
A brief history of GMT
During the project’s existence, GMT increased the hash rate of the device park from 100,000 TH/s to 725,000 TH/s. In addition, it has expanded its presence geographically, with 9 data centers worldwide with the most energy efficient (Antminer S19Pro) mining units on board.
Although GMT is a young project, the team has already made significant progress and gained trust in the cryptosphere.
The company has accumulated a huge hash rate, which acts as security for the token.
In 2022, video cards and Asics became more affordable; but the repayment of farms is still high (12-18 months). Therefore, the GMT token has good prospects for growth, as it makes it possible to generate passive income here and now.
The ability to receive daily rewards from mining attracts investors. The GMT team is actively developing the project. The GMT Whitepaper is published in 12 languages. The GMT token’s price, as well as mining reward, is likely to grow in the future due to the efficient team’s work, popularization of the project through all available channels, capacity building and BTC rate amplification.
The rise in popularity of GMT
GMT is the 30th member of the Bitcoin Mining Council (BMC) alongside well-known players in Bitcoin mining such as Argo, BlockCap, Core Scientific, Hive, Hut8, Marathon Digitais Holdings, Riot, Galaxy Digital and twenty others.
The news was announced at the AIBC Summit on November 17 in Malta during a fireside chat between Michael Saylor, founder, chairman and CEO of MicroStrategy, and Mike Costache, a blockchain investor, entrepreneur and consultant.
GoMining aims to popularize digital currencies among regular users and make mining accessible to everyone. The company works with celebrities and well-known bloggers. In November 2021, UFC champion Khabib Nurmagomedov became a GMT ambassador.
The project was reviewed by mainstream media such as Fxstreet, Entrepreneur and technology specialist outlets such as Tech Times.
Greedy Machines – It is possible to reconcile NFTs and mining
GMT Token is a project that makes it easier for anyone to engage in BTC mining. Recently, it launched its own NFT project, “The Greedy Machines”. The developers came up with a fundamentally new approach to creating an NFT collection and started an art project with a set of images of mining machines. It’s not just pictures – every picture is backed by computing power. The initial supply will consist of 1,000 unique collectibles stored on the Ethereum blockchain.
GMT users can exchange GMT for NFT, an image backed by real computing power, meaning NFT owners will receive mining rewards daily.
What is NFT Mining Farm?
Greedy Machines is a concept art game where participants build their virtual mining farms. As mentioned above, NFTs are backed by a certain amount of computing power that makes it possible to mine Bitcoin daily and receive rewards. A user should attach the purchased NFTs to one’s account to start building a farm.
Farms include mining cells, mining shelves, immersion baths, containers, data centers, etc. Each user starts from a novice miner with one unit and grows to the head of a mining empire, the owner of a mining power plant.
Greedy Machines also includes an attractive referral program. NFT holders invite their friends to the platform, and as a result, both participants and invited members receive promotional codes for an additional reward in Bitcoin. In addition, equipment maintenance is also rewarded – the more the participant carries out equipment maintenance, the more bonuses you get.
Sustainable environment
The GMT Token project’s first priority is to provide sustainable energy. The project offers “green” miners to its users. The profits will go to organizations involved in spreading sustainable energy: such as Global Giving and Everybody Solar.
One of the principles of NFT ownership is: the longer a user holds tokens, the more rewards one receives.
Final thoughts
The Greedy Machines is a concept art game that builds a community of miners, facilitates BTC mining and develops “green” energy. Those who enjoy beautiful visual forms and artwork will definitely appreciate using the platform and the GMT marketplace. The benefits users receive from the Greedy Machines collection include daily Bitcoin rewards for image ownership, unique images, and part of the gaming infrastructure.
