What is Green Satoshi Token (ETH)?

Green Satoshi Token (GST) is the game token of STEPN, a Web 3.0 lifestyle application that integrates community elements and gamification design. The STEPN platform, which is powered by Solana (SOL), uses a dual-token mechanism where GST serves as the in-game currency and Green Metaverse Token (GMT) functions as the governance token. The platform's primary goal is to promote a healthy and active lifestyle while introducing users to the concept of Web 3.0. Users are rewarded with GST tokens by engaging in physical activities such as walking, jogging, and running outdoors while wearing NFT Sneakers. These tokens can also be used to upgrade and mint new Sneakers, and players can transfer or lease their NFT sneakers on the app Marketplace.

How does Green Satoshi Token (ETH) work?

GST operates as the utility token within the STEPN ecosystem, serving as an in-game currency and an alternative to experience points. Users are rewarded with GST tokens for participating in Solo mode or Background mode. The tokens can also be obtained by leasing out NFTs to platform users or new players. GST tokens are also used for repair, upgrade, and minting of NFT Sneakers. Additionally, GST tokens can be contributed towards acquiring Carbon Removal Credit on the blockchain, supporting the concept of carbon neutrality to combat climate change and contributing 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 (ETH)?

The primary use case for GST is within the STEPN platform, where it serves as the in-game currency. Users can be rewarded with GST tokens by engaging in physical activities and can use these tokens to upgrade and mint new NFT Sneakers. The tokens can also be contributed towards acquiring Carbon Removal Credit on the blockchain, contributing to environmental protection. Additionally, GST tokens can be leased to new players or other platform users, providing another avenue for compensation. The STEPN platform also includes tools like Wallet, Swap, and Marketplace, further expanding the potential use cases for GST.

What is the history of Green Satoshi Token (ETH)?

Green Satoshi Token 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 intends to incorporate community elements into their product, giving fans of an active lifestyle the opportunity to be rewarded with cryptocurrency for their passion for running. In 2021, the project participated in the Solana Ignition Hackathon Gaming Track, taking first place and becoming the only mobile NFT game to win the hackathon.