Decrypt • Feb 17, 23
Who's Eligible for Stepn's Latest Token Airdrop?
The popular move-to-earn crypto app STEPN is rolling out another airdrop. But who’s eligible?
Create a Coinbase account to buy and sell STEPN on the most secure crypto exchange.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of STEPN has risen by 4.19% in the past 7 days. The price declined by 0.56% in the last 24 hours. In just the past hour, the price shrunk by 0.71%. The current price is $0.16 per GMT. STEPN is 96.14% below the all time high of $4.11.
The current circulating supply is 1,195,083,808.75 GMT.
GMT is a Solana token that governs STEPN, a lifestyle app that encourages users to “move-to-earn.” STEPN users with NFT sneakers can earn GMT by walking or running outdoors. GMT can be used to pay for digital items and upgrades as well as staking and voting on future changes to the platform.
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.
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.
While 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.
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.
and are the co-founders of , 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 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.
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.
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.
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.
STEPN has collaborated with renowned brands like ASICS and is continuously working towards establishing more partnerships to enhance user experience and expand its reach.
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.
STEPN aims to evolve into a comprehensive 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.
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
The current market cap of STEPN is $190.42M. A high market cap implies that the asset is highly valued by the market.
The all-time high of STEPN is $4.11. This all-time high is highest price paid for STEPN since it was launched.
Over the last 24 hours, the trading volume of STEPN is $10.64M.
The current circulating supply of STEPN is 1.2 billion.
The median time that Coinbase customers hold STEPN before selling it or sending it to another account or address is 23 days.
STEPN ranks 151 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
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