The Green Satoshi Token (GST) is a crucial part of the STEPN ecosystem. STEPN is a decentralized lifestyle application that combines features of Social-Fi and Game-Fi with Move-to-Earn mechanisms. The platform allows users to earn GST via Special NFT Sneakers when moving around.
The STEPN ecosystem has a two token system: GST and GMT. GST is the platform’s utility token and has an unlimited supply. Whereas GMT has a total supply of 6,000,000,000 and is used for platform governance.
The STEPN platform has a host of Game-Fi features. This includes Game Modes, Sneakers themselves, Gems and Sockets, Shoe-Minting, and Badges. Game Modes currently include Solo Mode. Users can earn GST when walking or running. If users are not walking “organically”, for example, with an electronic scooter, then no GST is earned. GST is paid for every minute of movement. The amount is calculated based on various factors. This includes the type of sneaker, attributes of the sneaker, and speed of movement.
There are four different types of Sneakers: Walker, Jogger, Runner, and Trainer. Each has a different Optimal Speed designed to cater to different exercise types and intensities. For example, Walker has an optimal speed of 1-6 km/hr, whereas Runner’s optimal range is 8-20 km/hr.
Sneakers can also be given attributes that impact the amount of GST earnt from moving around. Attributes can then be enhanced with Gems when inserted into sockets in the NFT Sneaker.
With regards to the Social-Fi elements of the platform, STEPN allows users to customize their sneakers upon reaching Level 30. Customizations can include name changes, adding quotes, adding extra Attribute points, and more.
STEPN has an in-app marketplace where users can buy, trade, or rent out their NFT Sneakers, Badges, and Gems.
STEPN hopes to help tackle climate change, as such a portion of the project’s generated profits are put towards Carbon Removal Credit on the blockchain. There is also a voluntary donation system where users can donate their GST earnings, which will be swapped to USDC or a Fiat alternative and then sent to Carbon Credit Buying/Burning.
The GST token, as mentioned, is a utility token and can be earned when a user moves in various modes. GST has various burning mechanisms in place in order to retain value. GST is burned by shoe-minting, repairing and restoring HP, leveling up Sneakers, Gems upgrade, and unlocking sockets.
GST is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are MEXC Global, Huobi Global, FTX, CoinBase Pro, and KuCoin. The price of GST will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for GST market prices, please view the price charts on this page.
Green Satoshi Token's current price is $ 0.0109, it has increased +4.77% over the past 24 hours.
Green Satoshi Token's All Time High (ATH) of $ 8.49 was reached on 28 Apr 2022, and is currently -99.9% down.
The current circulating supply of Green Satoshi Token is 1.06 Billion tokens, and the maximum supply of Green Satoshi Token is 1.07 Billion.
Green Satoshi Token’s 24 hour trading volume is $ 448.11 Thousands.
Green Satoshi Token's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 11.54 Million.