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Cryptoknowmics 2022-04-26 16:20:55

What is STEPN (GMT) and How Does It Work?

STEPN (GMT) is a web3 lifestyle app with a novel concept of inspiring people to stay healthy by moving across the app. Users need to wear NFT sneakers to participate in the STEPN ecosystem. An Australian FinTech firm called Find Satoshi Lab is behind this unique project. The project came into existence after winning Solana Ignition Hackathon Gaming Track. It is unique because it inspires non-crypto native people to explore the app. In this article, you will learn how STEPN cryptocurrency works, why it is trending, where you can buy STEPN (GMT), and how you can make money with the STEPN move-to-earn crypto app. What is STEPN (GMT)? Solana blockchain is used to power the STEPN app, which means Solana’s native token SOL is mandatory to get started with the app. STEPN has an in-app marketplace from which users can buy NFT sneakers. Then energy replenishment takes at least 24 hours before one can begin to explore STEN’s web3 world. In-app activities such as NFT trading, Shoe-minting, and Shoe-rental generate minor taxes for STEPN. Individual users own all assets in the STEPN app, and they receive the majority of the app’s revenue. To address climate change, a portion of STEPN’s profit is used to purchase Carbon Removal Credit on the blockchain. The app has two tokens- Utility token: GST (Green Satoshi Token) with an unlimited supply Governance tokens: GMT (Green Metaverse Token) with a supply restricted to 6 billion To start playin...

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What is STEPN (GMT) and How Does It Work?

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