GMT

Overview of STEPN (GMT)

GMT is the governance token of STEPN, a pioneering Web3 lifestyle application that integrates Social-Fi and Game-Fi elements. With a limited supply of 6 billion tokens, GMT plays a crucial role in the ecosystem, empowering users to engage actively in the platform.

What is STEPN?

STEPN is an innovative application that allows users to earn tokens and NFTs while participating in physical activities. By equipping themselves with NFT Sneakers, users can walk, jog, or run outdoors to accumulate rewards. The platform operates on a dual-token system, where users can also earn GST, enhancing their earning potential.

Key Features of GMT

• Utility in the App: Players purchase GMT tokens to access various features within the STEPN app, including minting high-quality Sneakers, upgrading Gems, and participating in governance voting.
• Marketplace for NFTs: Users have the option to lease or trade their NFT Sneakers in the in-app Marketplace, providing flexibility and additional earning opportunities.
• In-App Wallet: Earnings are securely stored in a built-in wallet that features a Swap function, allowing for seamless transactions.

Backing and Development

STEPN is developed by Find Satoshi Lab, an Australian-based fintech studio that gained recognition by winning the 2021 Solana Ignition Hackathon in the Gaming Track. The project is also part of notable investment portfolios, including Alameda Research, Binance Labs, and Sequoia Capital, highlighting its strong backing and potential for growth.