About STEPN (GMT)
STEPN is known as a move-to-earn (M2E) Web3 application that was launched on the Solana blockchain network in December 2021. It rewards users according to their level of physical activity and number of calories burned. STEPN uses actively integrated models such as augmented reality (AR) and play-to-earn (P2E) gaming to facilitate its tracking of activities like walking, jogging, and running.
The app is designed to convert a user’s physical output into an equivalent amount of Green Satoshi Tokens (GST) as a reward token. The maximum allowable redeemable time for exercise is 10 minutes a day and each user can earn $25 daily on the platform, with a considerable degree of upside once upgrades and enhancements are implemented.
The more a user moves, the more GST they earn daily, which they can either trade for another currency or use to purchase “Sneakers”. Sneakers are NFTs on the STEPN platform that can be resold at any time. They give holders perks in the P2E-style interface, allow them to make upgrades, and present them with opportunities to receive random prizes.
STEPN’s governance token, GMT, can be bought on the open market and earned by STEPN users who own Sneakers on the app. GMT is used to pay for digital items and upgrades within the STEPN ecosystem; it is also staked for voting on the platform. GMT price is updated and available in real time on Binance.
