GMTGMT to ETH

What is STEPN?

STEPN (GMT) is a new Solana (SOL) blockchain-based crypto token. STEPN is a 'Move-To-Earn' web3 lifestyle game-Fi project that encourages users to walk and run with the NFT sneakers to help them earn crypto tokens and recover their investments in purchasing Sneakers.

STEPN has soared in value by 138% over the past week. The STEPN is based on the play-to-earn model where users can earn tokens by jogging, running, climbing, and walking. STEPN glorifies itself as a lifestyle app of Web3, including Game-Fi and the Social-Fi elements.  

How do STEPN works?

On the STEPN app marketplace, it offers sneakers. Users can earn GMT tokens by walking, running, and climbing through that sneakers. They can trade GMT reward tokens for SOL or USDT. Official websites say that users can earn healthy rewards by simply walking and running outdoors. It plans to burn the GMT on-chain it bought back in the secondary market to reinvest in the company.

What is the STEPN coin used for?

In the STEPN ecosystem, two primary tokens exist GST and GMT.

Green Satoshi Token

There are various ways to obtain GST tokens, such as participating in the Token Generation Event (TGE), where the tokens are minted. It is known as a token creation event when a blockchain-based DApp developer releases individual tokens into the market.

This utility token does not require any investment. There are only time and effort required to participate in playing games and activities, including outdoor activities like running and walking. 

GST tokens can also be used to level up or repair sneakers. The GST token can also be used for upgraded gems and mint sneakers and to exchange USD cash (USDC).

Green Metaverse Token

Users can level up the location and change the sneaker's name through the GMT tokens. By distributing GMT tokens, premium content or high-level activity and profits can also be distributed.   

The primary requirement for swapping GMT with USDC is to reach Level 30. It is, however, necessary to have at least three Energy to start earning GMT."

What makes STEPN unique?

As you know, STEPS has two different elements: Social-Fi and Game-Fi. STEPN is the first app which initiates to stay healthy trend and earns rewards. By wearing NFT sneakers, users can earn GST (Green Satoshi Token) tokens by walking, jogging or running outside. Users can mint new sneakers and level up the games using the GST rewards. In the app marketplace, users can sell and lease their sneakers and get the GST rewards on behalf of it which will be stored in the app wallet. 

STEPN can fulfil its utility and fundraising needs with this dual-token system. Creating tokens serves two purposes: First, it eliminates regulatory complications, and second, it divides the project's ecosystem into two tokens for easier use. 

To achieve a healthy lifestyle, it is necessary to burn tokens due to the limited number of tokens, another distinctive feature of STEPN. Both GMT tokens and GST tokens are reduced in circulation through the burn mechanism.

 

What is the unique selling point?

Solana Winners of the STEPN's Ignition Hackathon Gaming Track. To win Hackathon, STEPn is the only option you have. Millions of non-crypto people use this app to win the hackathon judge's approval by using the easy-to-use interface, wallets and marketplace, and game designs of STEPN.  

STEPN (GMT) Token Metrics
 

How to buy STEPN (GMT)?

Here is the list of most trustable centralized and decentralized exchanges where you can easily buy the STEPN token using different crypto pairs. 

• Binance
• KuCoin
• FTX
• Gate.io
• PanCakeSwap (V2)
• Kraken
• CoinBase
• MEXC