STEPN
GMT
About STEPN
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.
Resources
STEPN (GMT) is a unique blend of a fitness application and a play-to-earn game built on the Solana blockchain. It introduces a novel concept known as "move-to-earn," where users may receive in-game compensation by engaging in physical activities such as walking, running, or jogging. Users purchase Non-Fungible Token (NFT) sneakers, which they use to receive the in-game compensation. STEPN aims to encourage healthier lifestyles by providing incentives for physical activity. The application is available for both Android and iOS devices.
STEPN operates on a dual-token model, consisting of a utility token called GST (Green Satoshi Tokens) and a governance token known as GMT. Users receive GST by moving around with their NFT sneakers. Different types of sneakers yield GST at varying rates, with more efficient sneakers receiving more GST per minute. Once users level up their sneakers to level 30, they start receiving GMT. The application also features a gamification aspect, with in-game rewards, daily energy allowances, and customized sneakers to encourage users towards a healthier lifestyle.
STEPN serves as a platform that incentivizes physical activity, making it a potential tool for promoting healthier lifestyles. Users may receive in-game compensation by engaging in physical activities, which can be used within the game or potentially converted for other uses. The application also plans to introduce a Marathon Mode, where users can participate in weekly and monthly races, earning and comparing their achievements on a leaderboard. Additionally, STEPN contributes to carbon neutrality by purchasing Carbon Removal Credits on Solana to combat climate change.
STEPN was founded in August 2021 by Australian blockchain entrepreneur Yawn Rong and his partner Jerry Huang, a game developer. The application quickly progressed from its inception stage to the open beta version in just five months. After a successful Initial DEX Offering (IDO) in March 2022, STEPN aims to optimize its in-game features and expand to other chains. The project has also received funding from major crypto venture capital firms, including Sequoia Capital, Solana Capital, and Alameda Research, among others.
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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.
Market
Germany Market Stats
€437.8M
€34.7M
2.0B GMT
20 days
#151
€4.51
Germany Market performance
-0.05%
-1.93%
-0.43%
+7.11%
+6.27%
-12.36%
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Social
Some highlights about STEPN on social media
494 unique individuals are talking about STEPN and it is ranked #129 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, STEPN has an average sentiment score of 3.3 out of 5. Finally, STEPN is becoming less newsworthy, with 2 news articles published about STEPN. This is a 100% decrease in news volume compared to yesterday.
On Twitter, people are mostly bullish about STEPN. There were 43.81% of tweets with bullish sentiment compared to 35.24% of tweets with a bearish sentiment about STEPN. 20.95% of tweets were neutral about STEPN. These sentiments are based on 210 tweets.
On Reddit, STEPN was mentioned in 36 Reddit posts and there were 27 comments about STEPN. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Overview
494 people
235 posts
0.15%
#129
3.3 out of 5
2
210 people
43.81%
Bullish
20.95%
Neutral
35.24%
Bearish
36
27
54
51