# GGMT

GGMT (GGM token) - a deflationary utility token (ERC20) with a fixed supply represented on-chain: 

* not in-game resource
* utility token 
* used as a payment method for buying and selling in-game assets as NFTs on the ggmPortal (internal NFT marketplace)
* used as a loyalty token by ecosystem partners to get preferences on GGM services
* used in GGM Liquidity protocol for NFT assets pricing procedures
* staking rewards
* NFT farming
* votings on protocol parameters

## GGMT positive and negative pressure

**GGMT positive pressure:**

<figure><img src="/files/8Apax0cpAPgrXHthMYik" alt=""><figcaption></figcaption></figure>

* GGM Liquidity pool inflows - Liquidity providers purchase GGMT to get the incentives
* Royalty - conversion from received liquid assets into GGMT
* Burning - 1% of liquidity providers volume&#x20;
* Burning - 20% of all NFT royalties
* GGMT staking to get rewards from the staking fund GGMT staking to get rewards for markup votings
* GGMT staking to farm/boost NFTs with unique in-game utilities
* GGMT staking to get the opportunity to submit NFTs for markup protocol procedures

**GGMT negative pressure:**

<figure><img src="/files/T2bUvLsSL9BoFRQNnFYS" alt=""><figcaption></figcaption></figure>

* GGM Liquidity pool redeems of GGMT by the NFT holders
* GGM markup protocol redeems of GGMT by the NFT holders
* GGM Vault (liquid part in GGMT) outflow
* Staking rewards
* Voting rewards


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