STEPN (GMT) is a unique blend of a fitness application and a play-to-earn game built on the Solana blockchain. It introduces a novel concept known as "move-to-earn," where users may receive in-game compensation by engaging in physical activities such as walking, running, or jogging. Users purchase Non-Fungible Token (NFT) sneakers, which they use to receive the in-game compensation. STEPN aims to encourage healthier lifestyles by providing incentives for physical activity. The application is available for both Android and iOS devices.

STEPN operates on a dual-token model, consisting of a utility token called GST (Green Satoshi Tokens) and a governance token known as GMT. Users receive GST by moving around with their NFT sneakers. Different types of sneakers yield GST at varying rates, with more efficient sneakers receiving more GST per minute. Once users level up their sneakers to level 30, they start receiving GMT. The application also features a gamification aspect, with in-game rewards, daily energy allowances, and customized sneakers to encourage users towards a healthier lifestyle.

STEPN serves as a platform that incentivizes physical activity, making it a potential tool for promoting healthier lifestyles. Users may receive in-game compensation by engaging in physical activities, which can be used within the game or potentially converted for other uses. The application also plans to introduce a Marathon Mode, where users can participate in weekly and monthly races, earning and comparing their achievements on a leaderboard. Additionally, STEPN contributes to carbon neutrality by purchasing Carbon Removal Credits on Solana to combat climate change.

STEPN was founded in August 2021 by Australian blockchain entrepreneur Yawn Rong and his partner Jerry Huang, a game developer. The application quickly progressed from its inception stage to the open beta version in just five months. After a successful Initial DEX Offering (IDO) in March 2022, STEPN aims to optimize its in-game features and expand to other chains. The project has also received funding from major crypto venture capital firms, including Sequoia Capital, Solana Capital, and Alameda Research, among others.

Yes, GMT tokens can be staked within the STEPN ecosystem. GMT, or Green Metaverse Token, is the native token of the Find Satoshi Lab (FSL) ecosystem, which includes the STEPN platform. GMT tokens are utilized across all FSL ecosystem products and can be staked to access various platform features and non-monetary benefits. Staking GMT tokens within the STEPN ecosystem allows users to participate in the platform's governance, deciding where the platform's resources are allocated. Token holders may have varying voting power, which is not directly tied to the staking period. This mechanism seeks to encourage sustained engagement within the STEPN ecosystem. However, it's important to note that users should only transfer their tokens to and from their own decentralized wallets, not directly to any internal wallets of the platform, to ensure the security of their tokens.

Yes, STEPN has been involved in several collaborations. One such collaboration is with tech company Apple Music, which seeks to enhance the user experience on the STEPN platform. This partnership marked another instance of STEPN and Apple working together, the first instance being the integration of a popular payment method into the STEPN platform. Another collaboration is with ASICS, a performance footwear brand. Together, they launched a limited-edition sneaker NFT collection on a well-known NFT marketplace. A collaboration with Grammy-nominated DJ and music producer Steve Aoki has resulted in the launch of a collection of limited sneaker NFTs on Solana. These collaborations strive to diversify the STEPN ecosystem and provide users with a more varied experience.

STEPN has outlined future developments. The platform strives to continue its collaborations and technological developments. STEPN has a mechanism — the badges and achievement system, which is part of the app's features. The platform includes integration with payment systems. STEPN has a focus on its platform's block scanner and security features. The platform also announced Gas Hero, its first Web3 social game. In the future, STEPN aims to continue developing its platform and community.

Users may have the opportunity to participate in governance decisions within STEPN through the use of GMT (Green Metaverse Token), which serves as the platform's governance token. GMT can be utilized in the process of enhancing a sneaker set. Additionally, GMT tokens may enable access to certain game content or activities. Several in-game rules govern the distribution of GMT. For instance, only sneakers that have reached Level 30 may be eligible to exchange GMT for a stablecoin. Holding GMT tokens on the STEPN platform may provide certain non-monetary advantages, such as potentially influencing the outcome of receiving additional sneakers during the shoe minting process, reaching levels 5, 10, 20, 29, and 30, and potentially improving the success of gem upgrade after level 4. GMT holders may have the opportunity to participate in decision-making processes related to the platform's in-game fee distribution. The influence in voting within the platform's governance structure may be influenced by the duration of token staking.

Yes, the STEPN ecosystem is designed to be community-driven and aims to address three main challenges in Web3: providing utility for NFTs, establishing Web3 identity and social components, and reducing the barrier to enter Web3 through education. The STEPN team is dedicated to building a robust ecosystem, with the community playing a crucial role in its evolution and growth. The feedback from STEPN users and their experiences with the platform inform the team's ongoing efforts to refine and develop the ecosystem. The STEPN ecosystem also includes initiatives such as the New Horizon Initiative, which seeks to integrate elements of brands and new communities to explore the potential of STEPN. This initiative aligns with STEPN's mission, which seeks to facilitate the transition from web2 to web3 for a larger user base.