GMT

What is STEPN (GMT)?

STEPN is a Web3 lifestyle app merging Game-Fi and Social-Fi elements, focusing on daily movement. Users earn game currency by outdoor activities like walking or running, convertible to in-game use or profit. To engage, users download, sign up, and connect wallets, acquiring Sneaker NFTs by depositing SOL tokens. These NFTs' energy replenishes daily based on attributes like resilience. STEPN features two tokens: GST for utility and GMT for governance. Users earn currency through outdoor activities, trading NFTs, gems, and badges on the marketplace.

Who Created STEPN (GMT)?

Satoshi Lab, an Australian fintech firm, founded STEPN (GMT). Co-founded by Jerry Huang and Yawn Rong, STEPN won the Solana Ignition Hackathon Gaming Track.

How does STPEN work?

STEPN (GMT) is a revolutionary fitness app incentivizing healthy living through its unique token reward mechanism. Users earn Green Satoshi Tokens (GST) by engaging in physical activity, powered by the efficiency of their NFT sneakers. With gamified features like daily energy allowances and customized sneakers, STEPN motivates users towards a healthier lifestyle. It also contributes to carbon neutrality by purchasing Carbon Removal Credits on Solana. Built on the highly scalable Solana blockchain, STEPN offers a dual-token economy, where users earn both GMT and GST for app engagement. The platform's marketplace enables users to trade NFT sneakers, gems, and badges, while also providing opportunities to earn game currency through outdoor activities.

GMT Tokenomics

What is GMT used for?

The Green Metaverse Token (GMT) is the governance token of the STEPN platform, compatible with Solana's SPL token standard. Users earn GMT through activities like owning STEPN sneakers, enabling access to in-app features such as upgrades and creating new sneakers. GMT holders engage in STEPN's governance, voting on treasury allocation for Carbon Removal Credits. It's a reward system for physical activity, facilitating upgrades and cryptocurrency exchanges. Higher-value NFT-based sneakers generate more GMT. GMT enables sneaker renaming, advancing levels, accessing premium content, and high-level activities on STEPN. To accumulate GMT, users must meet specific energy requirements and attain Level 30 sneakers.