> For the complete documentation index, see [llms.txt](https://docs.ggmt.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ggmt.io/tokens/ggmt.md).

# 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="https://3905012329-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FjxqxikiaRbQyerZYatHc%2Fuploads%2FdhQPZBVY7dOvdhfyiFOC%2Fimage.png?alt=media&amp;token=5a4d5efb-4de0-4b94-8ac0-b8ef6d3de812" 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="https://3905012329-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FjxqxikiaRbQyerZYatHc%2Fuploads%2FSpz9nGcJrwKYN02IRLfN%2Fimage.png?alt=media&amp;token=e9be230d-a104-499c-8759-d9b132d7dff8" 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