Amid the booming wave of blockchain and Web3.0, STEPN, as an innovative application project, is emerging in the crypto field thanks to its unique 'Move to Earn' model. To deeply understand STEPN, one must analyze it from various dimensions including the GMT team behind it, the project's inherent characteristics, active community activities, and diversified airdrops and business collaborations.
1. GMT Team: Strength Builds Foundation
The Find Satoshi Lab team behind STEPN mainly consists of Chinese members, who work efficiently together with seamless communication. Core member Yawn has been involved in Bitcoin investment since 2017, accumulating deep experience in the crypto industry; Jerry, on the other hand, holds experience in game company operations and is well-versed in the gaming industry. Inspired by Axie in 2021, the two joined forces to establish Find Satoshi Lab and passionately created the STEPN project.
The team's technical strength is robust, successfully building the complex application ecosystem of STEPN, which integrates sports and blockchain technology, relying on the Solana blockchain. They innovatively designed unique token output and distribution rules such as the 'Einstein Mechanism' and 'Bitcoin Mechanism,' finely controlling the economic balance within the game. Moreover, they have performed excellently in the continuous iteration of the application, continuously optimizing the user experience from the launch of STEPN GO to unlocking new game modes, demonstrating a proficient grasp of blockchain and game development technologies.
It is also worth mentioning that the team has pioneering innovative thinking, creatively proposing the 'Move to Earn' concept, cleverly integrating GameFi and SocialFi elements, creating the world's first application of this kind, opening up a new track for the industry, and leading a new trend of integrating healthy living with blockchain.
2. STEPN Project: Innovation-driven Web3 Pioneer
STEPN is positioned as a Web3 lifestyle application based on the Solana blockchain, inherently possessing social and game finance attributes. Users hold NFT sneakers, using outdoor walking, jogging, and running as 'tickets' to embark on a journey to earn game currency, thereby connecting the public with the Web3.0 world and reshaping the incentive mechanism for a healthy lifestyle.
In terms of the token economy system, STEPN is meticulously laying out a dual-token model. The game token GST can be earned through exercise or purchased on the Raydium platform, with a daily output limit. Although there is no cap on issuance, it cleverly embeds various consumption scenarios to stabilize prices. The governance token GMT adopts a deflationary design, with an initial minting of 6 billion pieces on March 9, 2022. The threshold for acquisition is set according to the shoe level, with opportunities for output starting from level 30, and the quantity is random, with issuance halved periodically, granting holders governance rights in the project.
Looking back at its development journey, STEPN stood out among over 500 projects at the Solana Ignite Hackathon, ranking fourth. Despite experiencing market fluctuations, team adjustments, and regulatory impacts, it still maintains its position at the forefront of the industry through continuous innovation and optimization.
3. Community Activities: Building Consensus, Inspiring Vitality
Recently, the STEPN community has been active, stirring up a wave of participation. From November 21, 2024, to January 20, 2025, the GMT DAO ecological fund is launching the BurnGMT voting event on an exclusive voting platform. Community members who lock in GMT tokens on the Polygon chain can participate in the crucial decision of whether to destroy the 600 million GMT tokens repurchased by the team. Voting also allows them to share a reward of 100 million GMT, deeply empowering community members to participate in project governance and regulate the token's market circulation.
Following closely, on November 23, STEPN initiated a challenge to break the Guinness World Record, launching the 'Most People in 1 Hour & 24 Hours and Running 1 Mile Challenge.' Participants only need to record once the movement data of 1 mile or more using the STEPN or Stepn Go APP within the specified time period to unlock exclusive commemorative badges, win limited edition StepN OG sneakers lottery qualifications, receive 'record packages' rewards, and enjoy triple GST income and double GGT income, greatly stimulating community participation enthusiasm, attracting new users, and strengthening the project's reputation and influence.
4. Airdrops and Business Collaboration: Expanding the Ecological Landscape
Airdrops, as a 'tool' for STEPN to give back to the community, have made numerous significant appearances. It previously generously rewarded GMT to genesis shoe NFT holders, accurately airdropping different levels of tokens based on shoe color: 4000 GMT for gray shoes, 8000 GMT for green shoes, 16000 GMT for blue shoes, and 32000 GMT for purple shoes, precisely reaching early core user groups. Gas Hero also planned to lavishly airdrop 25 million GMT to the gaming community, strengthening user stickiness and loyalty.
In terms of business collaboration, STEPN has partnered with India's leading centralized exchange Coinswitch to successfully list the GMT token, broadening the token trading avenues, enhancing the project's market visibility and circulation efficiency, and injecting commercial vitality into the project ecosystem, steadily advancing towards a diverse, open, and prosperous new journey in the Web3 ecosystem.
STEPN, backed by the excellent strength of the GMT team, innovative project concepts, active community operations, and diversified business expansions, has built a unique domain in the Web3 field, continuously writing the legendary story of 'Move to Earn,' with its future development worthy of ongoing attention and expectation.
