Green Metaverse token: A guide to STEPN
Despite the crypto market's downturn, new platforms are still making big moves and adding value to the Web3 scene. STEPN adds value with its innovative app that tracks a user's physical activity and helps users earn rewards. The STEPN app and community are powered by the Green Metaverse token, which serves as its governance token.
The platform launched in late 2021, and its user base skyrocketed in the first few months of 2022. As a result, its governance token, GMT, grew in value and became a coin worth purchasing for crypto traders looking for promising projects. Let's review the STEPN ecosystem and how to get the Green Metaverse token.
The lifestyle app
STEPN aims to connect millions to a healthier lifestyle, aid in the fight against climate change, and connect the public to Web 3.0 via built-in Game-Fi and Social-Fi elements. The platform was developed on the Solana blockchain by Jerry Huang and Yawn Rong, who designed it as a "move-to-earn" app and finished fourth out of more than 500 applications at the Solana Ignition Hackathon.
The app's distinct value is "incentivisation", which distinguishes it from other fitness platforms. Users are motivated to exercise and participate in physical activities because they will be rewarded for doing so.
The first step to using the platform is purchasing NFT sneakers from its marketplace. Users are expected to buy a sneaker appropriate for one of four types of activity. It's also worth noting that STEPN tokens are earned when a user's speed falls within the range of the activity they choose. That is, the NFT sneaker for running will not earn STEPN tokens if used to walk.
Users will first receive the game's utility token, the Green Satoshi token (GST). Once their sneakers reach level 30, they will be able to earn the GMT governance token.
What is the Green Metaverse token?
The Green Metaverse token powers the STEPN ecosystem as the governance token. Users begin by earning GST, which can be used to level up sneakers, open mystery boxes, and upgrade rewards.
GMT will allow users to advance to new levels, increase GST earnings, and vote on business decisions that directly affect STEPN's future. GMT has a fixed supply of 6 billion coins, with only 10% in circulation. It should be noted that approximately one-third of Green Metaverse tokens can be obtained through "move-to-earn" rewards.
If you want to buy GMT, you can do so on OKX, Bybit, CoinTiger, and Binance. Green Metaverse tokens can also be purchased with Bitcoin or Ethereum. Users can also trade GMT by signing up for STEPN and reaching the app's set milestone.
Through its move-to-earn model, the STEPN app aims to promote a healthier and more environmentally friendly way of life. Because of the incentivization concept, GMT has become a solid investment in the eyes of crypto investors.
Author: Victory Obaro
Victory Obar is a versatile blockchain content writer, proficient in storytelling, researching , writing and editing diverse content. He actively trades cryptocurrencies and collects NFTs.