What is STEPN (GMT)?
STEPN is one of the first Solana-based initiatives to make profitable movement a reality. It is an app built on Web3 that combines concepts from GameFi and SocialFi into a lifestyle program. To take part in it, users need to download the STEPN application and purchase virtual NFT shoes. These sneaker NFTs are varied and their type determines what reward a participant receives for completing physical activities such as walking, jogging, or running. The sneakers can be purchased using SOL tokens, the native tokens of the Solana blockchain.
STEPN utilizes GPS tracking and motion sensor technology built into its app to track how far users move and convert these movements into rewards in its in-app token reward token – GST. These tokens are then used in the STEPN ecosystem for various purposes like minting shoes, upgrading sneakers, NFTs, collecting special Gems, and acquiring GMT – STEPN's governance token. Check out the live STEPN price chart above. It features the current and the previous GMT price.
STEPN Use Cases
The GMT token serves as a governance token with simulated utility functions within the STEPN network. Unlike GST, GMT is a deflationary token that has a restricted quantity. Possessors of GMT can carry out similar activities to those of GST but at an advanced level. Besides, the token is also used for upgrading NFTs and participating in what is known as a schadenfreude pool. Furthermore, holders can earn more rewards and use GMT as an admission ticket to vote on projects featured in the MOOAR launchpad's platform. In addition to that, GMT tokens are also used for covering platform fees.
Note that GMT can be earned by staking GST tokens. If you want to make a thorough GMT price analysis, take a look at the aforementioned STEPN price chart.
Who Founded STEPN?
In late 2021, Jerry Huang and Yawn Rong founded STEPN through Find Satoshi Lab (FSL). Jerry is a passionate IT enthusiast from Zhejiang University in China with over 10 years of experience in the gaming industry. He is well-versed in marketing strategy and game design. Besides, Jerry sits on the boards of many blockchain solutions and GameFi companies. Yawn, on the other hand, has expertise as a blockchain incubator and token fund expert.
STEPN Tokenomics
The max supply of STEPN coins is 6 billion GMT. To date, more than 98 million tokens have been distributed while 289 million have been destroyed. The distribution is as follows:
- 30% – ecosystem and treasury;
- 16.3% – private sale;
- 7% – Binance Launchpad sale;
- 24.7% – move-and-earn system;
- 14.2% – the team;
- 2.5 % – advisors.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
581.22K
Followers: 581,222
0.00%
Following
419
0.00%
Posts count
5,659
0.00%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
48.56K
Subscribers: 48,565
0.02%
Subreddit type
public
Moderators
3
0.00%
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
56.85K
Members: 56,856
0.40%
Title
STEPN Official English Group
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
71 / 100
1.43%
Ahrefs Rank
107,913
0.85%
Organic Traffic (mo.)
25,228
36.31%
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
-
Type
-
Currently, official STEPN (GMT) GitHub Organization account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
-
Watchers
-
Forks
-
Language
-
Currently, official STEPN (GMT) GitHub Public Repository doesn't exist or wasn't submitted. 🔆 Submit Now
r/StepN hot topics
@Stepnofficial posts