What is the STEPN Project 🙌
What would you think if we told you that the steps you take can turn into income? This is possible thanks to STEPN, a Web3 application that combines Game-Fi and Social-Fi elements and encourages people to take more steps.
GMT coin, on the other hand, provides many opportunities to users in the STEPN application, where NFTs can almost be considered the leading actor. In this article, where we will explain all its features with the question of "What is GMT coin?", we will also share information about the STEPN application.
STEPN describes itself as ‘a lifestyle app integrated with Web3 technology.’ Combining gaming and social elements, STEPN ensures that walking or running is not only a health benefit for people, but also a rewarding one in the digital world.
Users can earn tokens and NFTs by walking and running outside with NFT (Non-Fungible Token) shoes that they will purchase within this application. This innovative approach offered by STEPN not only encourages its users to engage in physical activity, but also offers them the opportunity to use their tokens and NFTs in the game or convert them into other types of tokens.
STEPN invites people around the world to adopt a healthier lifestyle and contribute to the fight against climate change with its strategy built on gamification. STEPN’s initiative also encourages people to seamlessly integrate into Web 3.0.
Assuming that you have a pair of shoes in the STEPN app, it is sufficient to open the STEPN app before you start walking or running. GPS is used to track user movements. In other words, exercises done on treadmills or similar sports equipment will not earn users rewards. It is worth remembering that the app has many anti-cheat mechanisms.
Before starting to move, it is necessary to choose a suitable sports shoe according to the planned activity. The important thing here is to decide at what speed to walk or run. If the shoe to be chosen does not match the performance to be shown, this means that the prize will not be won.
Users are rewarded with GST during the time period in which they are moved. In fact, this reward is the clearest answer to the question “What is Stepn coin?” The factor that determines the reward earning time here is the amount of energy users have in the game. The amount of energy depends on how many and what type of shoes you have. Factors such as quality and rarity between shoes have an effect on the energy you will have.
What is GMT Coin? What is Stepn GMT Used For?
Green Metaverse Token (GMT) is one of the fundamental building blocks of the STEPN application and gives STEPN users the right to exist within the application. Thanks to the GMT coin, users within the STEPN application;
You can buy shoes,
You can have shoes that are more special than standard shoes,
The features of the purchased shoes can be upgraded,
The features of the shoes can be reshaped,
You can earn achievement points,
You can increase the daily GST limit using GMT,
They can increase the success rate of gem upgrades, the chance of getting a higher quality shoe from a shoebox, and the chance of getting two shoes during shoe minting.
Although the GMT coin seems to be identified with STEPN, it is also actively used within the ecosystem built by Find Satoshi Lab, which is also the creator of STEPN.
When you look at “What is GMT coin?”, in addition to the STEPN application, it is also seen that this cryptocurrency is used in MOOAR, an NFT marketplace within the Find Satoshi Lab ecosystem, Gas Hero, a Web 3 strategy game, and DOOAR, a multi-chain decentralized exchange that facilitates liquidity and transactions in the FSL ecosystem. Green Metaverse Token, which has a supply of 6 billion tokens, is used specifically for purposes such as burning, usage, and staking in order to unlock various functions and advantages within the FSL ecosystem.
GMT coin, or Green Metaverse Token, as it is also known, was created by Find Satoshi Lab in 2021. There are two names behind Find Satoshi Lab, Jerry Huang and Yawn Rong.
Jerry Huan is recognized for his ten years of experience in game development, operations, and marketing, and for being one of the most downloaded games on the iOS app store. Yawn Rong is recognized for her entrepreneurial, crypto angel investor, and experience scaling small startups to national brands.
As we mentioned in our previous title, the Find Satoshi Lab ecosystem includes STEPN, DOAR, MOOAR and Gas Hero. This formation, which we can call FSL in short, is a Web 3 product development studio. They emphasize that they ‘believe in the importance of creating a series of entertaining Web 3 products that are close to people’s lives’. Their goal is to accelerate the world’s transition to Web3.
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