GMT (Green Metaverse Token) is the governance token of STEPN, a move-to-earn (M2E) fitness app built on blockchain technology. Launched on March 9, 2022, GMT started at an initial price of $0.01, with a maximum supply of 6,000,000,000 GMT.
Introduction to STEPN
STEPN is a pioneering Web3 lifestyle app combining Game-Fi and Social-Fi elements. Users equipped with NFT sneakers can earn tokens by walking, jogging, or running outdoors. The platform integrates:
- NFT Sneakers: Customizable footwear with varying attributes, gem slots, and rarity levels.
Dual-Token Economy:
- GST (Green Satoshi Token): In-game currency for upgrades and rewards.
- GMT (Green Metaverse Token): Governance token for protocol decisions.
- Anti-Cheating Mechanisms: Ensures fair earning through activity verification.
- NFT Marketplace: Trade sneakers and accessories.
- Rental System: Non-crypto users can rent sneakers and share earnings with owners.
Key Features of GMT
- Governance: Stake GMT to vote on protocol upgrades; longer lock-ups grant higher voting power.
- Staking Rewards: Participate in reward distribution via governance.
- Protocol Utility: GMT is burned for in-app functions like sneaker upgrades/minting.
Token Allocation
| Allocation | Amount (GMT) | Percentage | Details |
|--------------------|--------------|------------|-----------------------|
| Ecosystem/Treasury | 1.8B | 30% | Unspecified use |
| Move-to-Earn | 1.8B | 30% | User rewards |
| Private Sale | 978M | 16.3% | Early investors |
| Team | 852M | 14.2% | Development & operations |
| Binance Launchpad | 420M | 7% | Initial exchange offering |
| Advisors | 150M | 2.5% | Strategic guidance |
Why STEPN Stands Out
- Health Incentives: Encourages physical activity via crypto earnings.
- Web3 Integration: Bridges casual users to decentralized applications.
- Sustainability: Aligns with climate-conscious initiatives.
👉 Discover how to maximize your STEPN earnings
FAQs
Q: How do I start earning with STEPN?
A: Download the app, purchase/rent NFT sneakers, and start moving outdoors to earn GST/GMT.
Q: Can I use STEPN without crypto knowledge?
A: Yes! The rental system allows beginners to participate without upfront NFT purchases.
Q: What’s the difference between GST and GMT?
A: GST is for in-game actions (upgrades), while GMT governs the protocol and offers staking rewards.
Q: Is STEPN available worldwide?
A: Currently limited to select regions; check iOS/Google Play store availability.
Q: How does STEPN prevent cheating?
A: GPS tracking, motion sensors, and AI detect unnatural activity patterns.
👉 Learn more about blockchain fitness apps
Note: STEPN is in public beta; tokenomics and features may evolve.