STEPN GMT

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Price $ 0.0124

STEPN is a Move-to-Earn health and fitness application. Users equipped with Sneaker NFT can move outdoors to earn tokens and NFT rewards. STEPN has a built-in wallet, swap, marketplace, and RNPL (Rent Now Pay Later) system to make STEPN a bridge between crypto and non-crypto users.

STEPN has a dual-token system, a game token - Green Satoshi Token (GST) and a governance token - Green Metaverse Token (GMT). GMT is the native governance token of STEPN and has the following use cases:

• Governance: Stake to participate in governance, the longer the locking period, the higher the voting power
• Profit distribution: GMT holders own the treasury and can vote to decide the distribution of net profit
• Accrual of protocol revenue: GMT is burned to access in-app features, such as sneaker upgrades and minting of new sneakers.

Key Features and Highlights of STEPN:

• Mobile application: STEPN is live on iOS AppStore and Google Play store (Restricted to certain countries).
• Sneaker NFT: Every sneaker has different types, qualities, attributes, and gem sockets. Users can burn tokens to level up and customize sneakers.
• Move and Earn: Users equipped with sneakers NFT can move outdoors and earn tokens. There are multi-layers anti-cheating mechanics to prevent exploitation.
• RNPL (Rent Now Pay Later) system: Users can rent a sneaker for free, move and earn and then split the earnings with the sneaker owner.
• In-app NFT marketplace: Users can trade their NFTs on the marketplace.
• In-app swap: Users can swap their token earnings to other forms of cryptocurrencies.
• In-app decentralized wallet: Users can deposit and send cryptocurrencies to the wallet to fund their spending accounts.
• STEPN has raised 5MM USD from Sequoia Capital and other leading Web3 investors, where 16.30% of the GMT total token supply has been sold at 0.005 USD/GMT.