What is STEPN (GMT)?

STEPN is a revolutionary move-to-earn blockchain-based application that promotes a healthier lifestyle by incentivizing daily physical activities like walking, jogging, or running. GMT stands for Green Metaverse Token, which is the governance token associated with STEPN.

How does STEPN (GMT) work?

Users engage in physical activities and, in return, earn rewards in the form of tokens. These tokens can then be converted into GMT or other cryptocurrencies. The more active a user is, the more tokens they can earn, promoting a healthy lifestyle.

What is the relationship between GST and GMT?

While GST (Green Satoshi Token) serves as an inflationary reward token, GMT acts as a store of value within the Stepn ecosystem. GST has an infinite supply, bearing the selling pressure from users cashing out their rewards. GMT, however, has a capped supply and accrues value based on in-app user transactions and in-game utility functions.

What is the vision behind STEPN?

The core idea behind STEPN is to merge the benefits of physical activity with the digital world. By incentivizing movement, STEPN aims to promote a healthier mind and body lifestyle, bridging the gap between the physical and virtual realms.

Who Are the Founders of STEPN?

Jerry Huang and Yawn Rong are the co-founders of Find Satoshi Lab, the company behind STEPN. They conceptualized and developed STEPN, a unique "move-to-earn" application that rewards users with cryptocurrency for engaging in physical activities such as walking or running. Their innovative approach to integrating fitness with the crypto world has garnered attention, and they have recently expanded their ventures by launching an NFT marketplace named MOOAR. This marketplace stands out by mandating royalty fees, ensuring that original creators of NFTs receive a portion of the sales price every time their digital collectible is resold. The royalty fees on MOOAR can range from 0.5% to 10%, offering creators a choice in how they wish to be compensated.

Founded in 2021, the company has already amassed about 5 million users for STEPN and has ambitions of building a comprehensive crypto super app in the future.

How is STEPN different from other blockchain applications?

Unlike traditional blockchain applications, STEPN focuses on real-world activities. It's not just about trading or holding tokens; it's about integrating daily life activities with the blockchain, making it more accessible and beneficial for everyday users.

What is the GMT token's role in the STEPN ecosystem?

GMT, or Green Metaverse Token, acts as a governance token within the STEPN ecosystem. It serves as a store of value and is used for various in-app transactions and in-game utility functions. The token also plays a crucial role in decision-making processes within the platform.

How does STEPN benefit its users?

Apart from promoting physical health, users have the potential to earn from their daily activities. By converting their earned tokens, users can benefit financially, making it a win-win for both health and wealth.

What partnerships and collaborations does STEPN have?

STEPN has collaborated with renowned brands like ASICS and is continuously working towards establishing more partnerships to enhance user experience and expand its reach.

How sustainable is the STEPN model?

While STEPN has seen rapid growth, with millions of active users, its sustainability is backed by continuous innovations, partnerships, and a strong focus on user engagement. The team behind STEPN is dedicated to ensuring a balanced ecosystem, with regular token buybacks and burns to regulate the token supply.

What's the future of STEPN?

STEPN aims to evolve into a comprehensive Web3 lifestyle application with gamified and social components. The roadmap includes the development of a decentralized exchange, an NFT marketplace, and the introduction of more real-world partnerships and collaborations.