No one thought that Stepn GMT achieved a Return on Investment of more than 32 thousand percent in only about 2 months. This is really amazing, whoever owns a GMT coin at the lowest price of $0.1003, surely when they sell the coin, makes a fantastic profit.
Stepn GMT is currently priced at $3.32, while the all-time high occurred on April 20 at $3.83. But what exactly is Stepn GMT? Why has it become so popular lately for achieving an ROI of thousands of percent? Let’s find out.
- 1 What is Stepn GMT crypto?
- 2 How does Stepn GMT crypto work?
- 3 Founder Stepn GMT crypto
- 4 Why Stepn GMT unique?
- 5 Stepn coin
- 6 Is Stepen GMT play to earn game NFT?
- 7 How to make money with Stepn?
- 8 Stepn GMT wallet
- 9 How to Buy Stepn GMT?
- 10 Where to buy Stepn GMT?
- 11 Why Stepn GMT rising high?
- 12 Is Stepn GMT a good investment?
- 13 Stepn GMT price prediction
- 14 Final thought
What is Stepn GMT crypto?
STEPN (GMT) is a move to earn mobile NFT game that uses the Solana blockchain. Players in this game do activities like walking, jogging, or running outdoors with NFT Sneaker to get tokens.
STEPN aims to inspire millions of people to engage in healthier lifestyles by bringing them into the world of Web 3.0 while positively contributing to carbon neutrality.
To start the move-to-earn app, users must deposit Solana’s native tokens SOL in the STEPN in-app wallet. Purchase the NFT sneaker from the in-app marketplace. And wait 24 hours for an “energy” charge. Energy is how many minutes the user gets to work out with the NFT sneaker.
STEPN is the first Web3 running app with social elements and fun games. They managed to raise up to $5.0 million from leading investors. These investors include Sequoia Capital, Folius Ventures, Solana Capital, Alameda Research, 6th Man Ventures, DeFi Alliance, M13, Corner Ventures, Sfermion, Zee Prime Capital, Lemniscap, Spark Digital Capital, MorningStar Ventures, Openspace Ventures, Solar Eco Fund, and Welinder Shi Capital.
StepN GMT uses the Solana blockchain, which offers speed and low fees. Solana has grown and become a competitor to the Ethereum blockchain, both of which use smart contracts.
Solana blockchain already has more than 400 Defi and NFT projects using its network. Stepn GMT is one of the projects using the Solana blockchain which was written in the Solana blog article dated November 1, 2021.
SOL is Solana’s native blockchain token which is useful for transactions and network governance.
How does Stepn GMT crypto work?
To get started with StepN, users must download the StepN application which is available on the Google Play Store and the Application Store for Android and iOS users.
Users can also scan the QR code to start the download step. Then the user registers with the email address and verifies. Furthermore, the user to start playing must connect a wallet to explore Stepn Cryptocurrency.
StepN earns profit from small taxes imposed on user activities, such as NFT trading, shoe minting, and rental. According to the StepN lite paper, part of the profits are used to purchase Carbon Removal Credits on the blockchain to fight climate change.
Founder Stepn GMT crypto
StepN founder is Yawn Rong and neighbor and partner Jerry Huang, only at the end of 2021, however, GMT has soared with an ROI of over 30K percent.
Prior to becoming the founder of StepN, Yawn Rong also founded Crypto SA and served as an ambassador for Alogorand. Meanwhile, Jerry Huang is a game developer and founder of Falafel Games.
Besides the founder and co-founder, several other team members also contributed to the growth of StepN. Jesica Duan is CSO, and Ryan Turner is the Lead Designer.
Assisted by several advisors, Scot Dunlap from VT AT Adidas, William Robinson Head of accelerator from Alliance, Jason Kam founder from Folius Ventures, and Santiago R. Santos investor in web3.
Why Stepn GMT unique?
StepN is a move to earn Game-fi and Social-fi on the Solana blockchain that aims to help climate change. Users use NFT sneakers for jogging, and walking with the aim of earning.
Through the Game-fi platform, StepN encourages healthy living by exercising using sneakers and fighting climate change. It’s just a symbolic language poured into the StepN platform.
In the StepN game marketplace, users can rent sneakers or sell sneakers that are NFT. Players who do outdoor activities, be it running, or walking, need energy by having more NFT sneakers. Players will earn GST earnings, which is a utility coin in the StepN platform while GMT is a governance token.
STepN has two coins namely GST stands for Green Satoshi Token and GMT stands for Green Metaverse Token.
Referring to the whitepaper, the two have different functions. GST is a coin for gaming, while GMT is a coin for governance. One thing that distinguishes it is that GST does not have a maximum supply, while GMT has a maximum supply of 6 billion tokens.
GST has unlimited supply, and to provide liquidity it has created 60 million GST with details of 20 million GST (SPL) and 20 million GST (BEP20) printed and added to the liquidity pools at Orca, Raydium, and Pancakeswap.
The remaining 10 million GST(SPL) and 10 million GST(BEP20) were minted and locked on Binance with the aim of being a cross-chain bridge between Solana and BNBChain.
- The GST in the SPL contract address is AFbX8oGjGpmVFywbVouvhQSRmiW2aR1mohfahi4Y2AdB.
- The GST contract address in BEP20 is 0x4a2c860cEC6471b9F5F5a336eB4F38bb21683c98.
Whereas the Binance bridge is:
- BNB Chain：0xb310f03758f5222b5b1bb59b7d997f0e77327d04.
- Solana Chain：B1YT25taioVePS81piB5fnJ8inkGfYsQhHsPP1CMCnRS.
The GST coin itself will be burned if the user performs minted shoes, repairs, leveling up sneakers, gems upgrades, and unlocking sockets.
GMT is minted with a maximum supply of 6 billion tokens. Although this token is for governance, users can also earn GMT if they meet certain requirements.
The first is that sneakers users have reached level 30, and are also required to have at least 3 energy to start earning.
The distribution of GMT coins is 30% for the move and earn, another 30% for Treasury or ecosystem, 16.3% for private sellers, 14.2% for the team, 7% for Binance Launchpad, and 2.5% for advisor.
Is Stepen GMT play to earn game NFT?
The StepN concept works in a similar way to play-to-earn games like Axie Infinity, which have already been hyped up. StepN chose the term move-to-earn instead of play-to-earn. Because this game aims to campaign for a healthy life through movements such as jogging, walking, or running.
The reason is that the pandemic that hit has caused many people to be less move because they only work from home. However, what is unique about this game is that it uses NFT sneaker media which is completely different from other NFTs.
Another unique concept in the StepN campaign is that one doesn’t have to own an NFT Sneaker to start a move-to-earn, but they can borrow the Sneaker which then divides the earnings from the total earned.
How to make money with Stepn?
To start the move-to-earn, users basically only need a sneaker and energy to start getting GST. GMT rewards are only available to users of at least level 30. However, in general, StepN divides the game into three modes:
- Solo mode.
- Marathon mode.
- Background mode.
In solo mode, the user needs a sneaker and at least 1 energy to start the move-to-earn. 1 energy is equivalent to 5 minutes of time to move. Energy can be replenished after the user rents or buys sneakers.
Four factors that affect the acquisition of GST that need to be a user’s attention are sneaker type, efficiency attributes, comfort attributes, and movement speed.
Besides, players also need to pay attention to the status on the top bar, to see the conditions.
- Moonwalking means the app detects a weak GPS signal.
- GPS signal. Red GPS signal means poor GPS, white means no GPS, and green means strong GPS.
- The mystery box, which players can open by waiting for a while automatically performs a countdown.
In marathon mode, users must register before the competition starts at least 24 hours in advance. The mode is divided into two sessions, a weekly marathon and a monthly marathon.
Because this is a kind of contest competition, earnings will be calculated based on the top leaderboard with badge models for gold silver, and bronze. However, all participants will get a participant badge.
In background mode, allows users to still earn GST even if they close the app. It will calculate health data capped at 3,000 steps daily.
To enable background mode, players must hold the sneaker in their app.
Stepn GMT wallet
StepN uses a decentralized wallet built in the app, users only need to register using an email address and get an activation code. After successful login, you can connect the wallets of the two asset chains SOL and BNB.
How to Buy Stepn GMT?
- The first step to buying GMT is to find an exchange that provides GMT coins. The second step is registering with the exchange or downloading the app. Some exchanges support mobile applications further simplifying the way it works.
- The third step may be that you need to verify your account by complying with KYC and AML. Usually, exchanges put a limit on unverified accounts.
- The fourth step is to fund the account and choose a suitable payment method, whether credit card, bank transfer, or peer-to-peer crypto assets.
- The fifth step is buying GMT, find it in the GMT coin exchange platform by typing in search contacts.
Where to buy Stepn GMT?
Using the StepN game-fi app requires SOL tokens because the platform uses the Solana blockchain. SOL tokens are required to pay for gas. Meanwhile, players can get NFT sneakers in the in-app marketplace. Another alternative in Magic Eden. Reportedly the largest NFT marketplace OpenSea has traded NFT Sneakers for StepN.
As for buying GMT, several exchanges have listed it on their platform. Here are some exchanges that provide GMT.
The Binance exchange is already world-renowned as the largest exchange with the largest transactions for Bitcoin. Users can buy GMT on this exchange, by first registering and funding an account. Binance is also the one who built the BSC blockchain and owns the native BNB token.
The OKX exchange also supports GMT trading, there is a choice of spot and derivatives trading for the GMT/USDT pair. The daily volume of OKX exchange currently stands at 2.8 billion USD.
This may be an alternative to buying GMT. Founded in 2018, this exchange has more than 1.6 million registered users. This is a derivatives exchange. Users can buy GMT with USDT through the exchange platform.
The Bitget team only added GMT/USD trading in March 2022. The Singapore-based exchange has a daily volume currently at 266 million USD.
This is the largest derivatives exchange, users can buy GMT perpetual on this exchange platform.
Why Stepn GMT rising high?
The StepN GMT has soared in price by more than 30,000% in just a short period of time. What is certain is that this gives GMT holders a tremendous advantage from the start who are still holding their coins to record highs.
But what’s behind the soaring GMT? A plausible reason is because of the hype of a trend toward new ideas. Previously, there was hype in play-to-earn games that made Axie Infinity so popular and raised Axie’s price.
Likewise, StepN GMT, with the move-to-earn concept, is a new idea in game-fi that has received an overwhelming response from users. On one of the Telegram channels, StepN in English alone has members from 196496 with active members reaching 8 thousand users every day.
But a trend will usually have a saturation point when prices have peaked very high, and people start selling assets for profit. It will be followed by others which causes market panic so that prices will decline again. Although currently there is no visible decline in the trend because this is a new project.
Is Stepn GMT a good investment?
Perhaps the most diplomatic answer to this question is that it depends on the market. When asset adoption continues to increase, prices will continue to rise, but if they decline, prices may weaken.
Stepn GMT price prediction
Price prediction. StepN GMT prices are rising steadily year on year, starting from $0.98 in 2022 to 2031 reaching a minimum price of $24.78, an average of $25.67, and a maximum price of 30.09.
Digitalcoinprice. StepN GMT is increasing year over year starting from an average of $4.92 in 2022, GMT price in 2031 can reach a minimum price of $17.80 with an average of $18.71 and a maximum price of $19.92.
Crypto prediction. Stepn GMT coin although the price increases from year to year, but the increase occurs slowly, starting in 2022 the minimum price is $3.8, by the end of 2026 it reaches a minimum price of $6,135 with an average of $9,022 and a maximum of $7,218 .
StepN GMT is a game that is currently hype. The ROI of GMT coins which reached 32K percent has given great hope to fans of this game.
A game built to encourage people’s concern for maintaining health and combating climate change. For gamers, this may be a fun game and it is possible to earn real money from sneaker trading and GMT.
Note: this article is for informational purposes only. Not investment advice or solicitation. Crypto assets, forex CFDs are risky investments. Every investor is responsible for their investment.
You may like