GM Network Ready to Launch NFT Staking Feature, CyberV NFT Holders Get Additional GN Rewards

Bittime – This DePIN +AI-based modular Layer 2 network recently announced GN point adjustments and launched some exciting new features. This announcement was made via a tweet from GM Network.

Adjustment of GN Points and Rewards

Following are several points regarding adjustments to GN points and prizes.

• Optimization of GN Points and Prize Weights: Overall GN Points will be changed, but user weights will remain unchanged.
• GN Production and AI Agent Weight Adjustments: CyberV NFT weights are strengthened, increasing the chance of getting GN rewards.
• More Sustainable Invitation Reward Optimization: The relationship between the number of invitations and GN points will be balanced to create a more sustainable system.
• Removal of Sybil Attack Users: Users identified as committing Sybil attacks will be removed from the system to maintain network integrity.

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New Features: NFT Staking and Additional GN Rewards

CyberV NFT holders will earn additional GN rewards with the soon-to-be-launched NFT staking feature. CyberV NFT holders will get additional GN rewards on top of the standard GN rewards.

Relationship to Future Governance Tokens

Previously, GM Network launched GN points tied to a possible future governance token airdrop. These new adjustments and features are expected to increase the value and utility of GN points, preparing the community for a potential future governance token airdrop.

GM Network: More Than Just GN Points and NFT Staking

While the customization of GN points and NFT staking features are the main attractions, there are several other important things to understand about GM Network.

1. GN Points Utility

In addition to potentially being exchanged for future governance tokens, GN points may have other uses in the GM Network ecosystem. GM Network needs to provide more clarity regarding its plans for future GN points.

2. NFT Staking Mechanism

Technical details regarding NFT staking, such as minimum CyberV NFT ownership requirements, staking duration, and reward calculations, have not been fully announced. It is hoped that this information will be announced soon to make it easier for users to participate in NFT staking.

3. Network Governance

If GN points are indeed related to governance tokens, there is no information regarding the structure and governance mechanisms of the GM Network. Transparency regarding governance is important to ensure user voices are heard and considered in decisions regarding the future of the network.

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Conclusion

GM Network's latest initiative represents an exciting development. The GN points adjustment, NFT staking feature, and additional rewards for CyberV NFT holders are positive steps. 

However, users need to pay attention to further developments regarding the utility of GN points, NFT staking mechanisms, and governance structures to be able to participate optimally in the GM Network ecosystem.

With complete information and good understanding, users can take advantage of the opportunities offered by GM Network and contribute to the growth of this DePIN+AI-based L2 network.

How to Buy Crypto from Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime. 

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.