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