⚠️Beware of Severe Price Volatility $GMT ⚠️

GMT (Green Metaverse Token) is the native token of the Web3 lifestyle app, STEPN. The app adopts a 'Move-to-Earn' model where users can earn rewards by wearing NFT sneakers and walking or running outdoors.

Use Cases

📖 Governance Participation: Holders of GMT can participate in decision-making processes within the STEPN ecosystem.

🌟 Staking Rewards: Users can stake GMT to earn rewards, enhancing platform stability and user engagement.

💰 Protocol Revenue Generation: GMT tokens are burned during in-app activities like sneaker upgrades and minting, increasing the scarcity of the token.

Recent Trends

🔄 GMT has shown significant volatility, recovering from its lowest point of around ₩125.42 in August 2024 to approximately ₩236.15 as of December 2024.

Outlook

💪 The 'Move-to-Earn' model of STEPN appeals to modern users who value health and fitness, coupled with the innovative integration of Web3 and NFTs.

🙊 However, one of the key drivers of recent price increases is a sudden surge in trading volume in Korea, which has raised concerns about potential abnormal trading activities.

😅This could heighten price volatility, and investors are advised to exercise caution.