$GMT (Green Metaverse Token) is a cryptocurrency used in the STEPN app. GMT is unique in that it is part of the move-to-earn concept. This means that users earn cryptocurrencies by performing physical activities such as walking, running, or jogging.
GMT Features:
- Move-to-earn concept: users earn GMT for exercising.
- NFT Cupids: Users must purchase NFT Cupids (e.g. sneakers) to complete exercises.
- Social and gaming features: GMT is used for management and voting in the app.
- Carbon offset: part of the app's revenue is used to offset CO2 emissions.
Pros:
- Encouraging a healthy lifestyle: GMT encourages users to be physically active.
- Investment diversification: GMT can be part of a cryptocurrency investment portfolio.
- High security: the use of blockchain technology ensures the security of transactions.
Cons:
- Exercise addiction: users must exercise regularly to receive rewards.
- Investment risk: Like any cryptocurrency, GMT is accompanied by risks associated with market volatility.
Prospects:
- Growing demand: GMT is currently at its peak of popularity, and forecasts show that the price may increase.
- App development: increasing the app's functionality and adding new features can increase GMT's popularity.
- Attracting new users: an increase in the number of users can contribute to an increase in the value of GMT.
