What is Green Satoshi Token?

Green Satoshi Token (GST) is the game token of STEPN, a Web 3.0 lifestyle application that incorporates social elements and gamification design. STEPN is the first move-to-earn NFT game where players receive GST tokens by engaging in physical activities such as walking, jogging, and running outdoors while wearing NFT Sneakers. The tokens can also be used to level up and mint new Sneakers, and players can sell or rent their NFT sneakers on the app Marketplace. The project aims to encourage a healthy and active lifestyle and familiarize people with the concept of Web 3.0. The STEPN platform is powered by Solana (SOL) and uses a dual-token mechanism where GST is the currency in the game and Green Metaverse Token (GMT) is the governance token.

How does Green Satoshi Token work?

Green Satoshi Token (GST) operates as the utility token within the STEPN ecosystem, serving as an in-game currency and an alternative to experience points. GST is required for repair, upgrade, and minting of NFT Sneakers. Users may receive GST tokens when they move in Solo mode or Background mode. GST tokens can also be donated to purchase Carbon Removal Credit on the blockchain, supporting the concept of carbon neutrality to combat climate change and contribute to environmental protection. Once used, the GST token is automatically burned to reduce the supply.

What are the potential use cases for Green Satoshi Token?

The potential use cases for Green Satoshi Token (GST) are primarily within the STEPN ecosystem. Users may receive GST tokens by engaging in physical activities such as walking, jogging, and running. These tokens can then be used to repair, upgrade, and mint NFT Sneakers within the game. Additionally, GST tokens can be donated to purchase Carbon Removal Credit on the blockchain, thereby contributing to environmental protection. Users may receive GST by renting out their NFTs to platform users or new players, creating a potential compensation mechanism.

What is the history of Green Satoshi Token?

Green Satoshi Token (GST) was established in August 2021 by fintech studio Find Satoshi Lab, based in Australia. The core team was formed in September of the same year, and in October, the project won the Solana Ignition Hackathon Gaming Track 2021. The STEPN team aims to incorporate social and community elements into their product, giving fans of an active lifestyle the opportunity to receive cryptocurrency from their passion for running. The project participated in the Solana Ignition Hackathon Gaming Track, taking first place and becoming the only mobile NFT game to win the hackathon. The current circulation of GST tokens is not specified.