STEPN (GMT)

According to STEPN white paper, STEPN is a Web3 lifestyle app with an inbuilt Game-Fi and Social-Fi elements.

Tokenomics Definition

• Game Token: GST (Green Satoshi Token)
• Governance Token: GMT (Green Metaverse Token)

Why named Green? A portion of STEPN’s profit goes to buy Carbon Removal Credit on the blockchain to combat climate change.

The rise

STEPN is built around an essential daily activity for most people – moving around. We are the first project to effectively bring to life a functioning move&earn concept, finishing 4th out of 500+ projects at the Solana Ignition Hackathon 2021.

Game Token: GST

Users equip themselves with NFTs in the form of Sneakers. By walking, jogging, or running outdoors, users will earn Game Token GST, which can either be used in-game. Or users could cash out Game Token GST for profit.

With Game-Fi, STEPN aims to nudge millions toward a healthier lifestyle, combat climate change and connect the public to Web 3.0, all while simultaneously hinging on its Social-Fi aspect to build a long-lasting platform fostering user-generated Web 3.0 content.

Governance Token: GMT

The Governance Token GMT is minted at the Token Generation Event (TGE), with a total of 6,000,000,000 minted.  30% of total GMT will be distributed to users through move&earn and Governance participation. To ensure the longevity of the STEPN project, the total release of GMT will halve every three years.

GMT coin launched at $0.01 in March and today hit a new all-time high of $3.83 – a 383x run so far for the ‘move to earn’ governance token. The GMT price is currently trading at around $3.50, up approximately 100% so far in April 2022.

Source：

https://whitepaper.stepn.com/

https://stepn.com/litePaper

https://whitepaper.stepn.com/tokenomics