What is GMT? The GMT coin is issued on 2022-03-09, with an issue price of $0.01 and a maximum supply of 6,000,000,000 GMT. STEPN is a sports app that earns money while moving. Users equipped with NFT sneakers can go out to do activities to earn tokens and NFT rewards. STEPN has a built-in wallet, NFT market, exchange, and a rental system that allows non-crypto users to use STEPN.
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Game token: GST
Governance Token: GMT
STEPN has a dual token system, a game token – Green Satoshi Token (GST) and a governance token – Green Metaverse Token (GMT). GMT is the native governance token of STEPN and has the following use cases:
Governance: Stake to participate in governance, the longer the lock-up period, the higher the voting rights.
Staking Rewards: GMT stakers can vote on the distribution of staking rewards.
Accumulation of Protocol Revenue: GMT needs to be burned to access in-app features such as sneaker upgrades and the minting of new sneakers.
Current capabilities of STEPN include:
Mobile App: STEPN is available on the iOS App Store and Google Play Store (only in certain countries).
Sneaker NFT: Each sneaker has different types, qualities, attributes, and gem slots. Users can upgrade and customize sneakers by burning tokens.
Move and Earn: Users equipped with sneaker NFTs can move around outdoors and earn tokens. The app has multiple layers of anti-cheat mechanisms to prevent cheating.
Rental system: Users can rent sneakers for free, earn money while using them, and then share the profits with the sneaker owners.
In-app NFT Marketplace: Users can trade their NFTs on the marketplace.
In-app exchange feature: Users can exchange their token earnings for other forms of cryptocurrencies.
In-app decentralized wallet: Users can deposit or send cryptocurrencies to the wallet to fund their spending accounts.
STEPN has raised approximately $5 million from investors, with 16.30% of the total GMT token supply being sold at $0.005/GMT.
STEPN is a Web3 lifestyle app with built-in Game-Fi and Social-Fi elements
STEPN is built around a fundamental daily activity that most people do - moving around. We are the first project to effectively implement the concept of functional movement and earning, finishing 4th out of 500+ projects at the Solana Ignition Hackathon 2021.
Users equip themselves with NFTs in the form of sneakers. By walking, jogging or running outdoors, users will earn game coins that can be used in the game or cashed out for profit.
With Game-Fi, STEPN aims to drive millions of people towards healthier lifestyles, combat climate change and connect the public to Web 3.0, while relying on its Social-Fi aspect to build a lasting platform that fosters user-generated Web 3.0 content.
Note: STEPN is currently in public beta, so the content in the whitepaper may change in the future.
GMT coin distribution situation Quantity (GMT) Proportion description
Ecosystem/Fund 1.8 billion 30% unspecified
1.8 billion profit while moving 30% unspecified
Private placement round: 978 million, 16.3%, unspecified
Team 852 million 14.2% Unspecified
Binance Launchpad sales of 420 million 7% unexplained
Consultant 150 million 2.5% Unspecified
What is GMT? The GMT coin is issued on 2022-03-09, with an issue price of $0.01 and a maximum supply of 6,000,000,000 GMT. STEPN is a sports app that earns money while moving. Users equipped with NFT sneakers can go out to do activities to earn tokens and NFT rewards. STEPN has a built-in wallet, NFT market, exchange, and a rental system that allows non-crypto users to use STEPN.
Game token: GST
Governance Token: GMT
STEPN has a dual token system, a game token – Green Satoshi Token (GST) and a governance token – Green Metaverse Token (GMT). GMT is the native governance token of STEPN and has the following use cases:
Governance: Stake to participate in governance, the longer the lock-up period, the higher the voting rights.
Staking Rewards: GMT stakers can vote on the distribution of staking rewards.
Accumulation of Protocol Revenue: GMT needs to be burned to access in-app features such as sneaker upgrades and the minting of new sneakers.
Current capabilities of STEPN include:
Mobile App: STEPN is available on the iOS App Store and Google Play Store (only in certain countries).
Sneaker NFT: Each sneaker has different types, qualities, attributes, and gem slots. Users can upgrade and customize sneakers by burning tokens.
Move and Earn: Users equipped with sneaker NFTs can move around outdoors and earn tokens. The app has multiple layers of anti-cheat mechanisms to prevent cheating.
Rental system: Users can rent sneakers for free, earn money while using them, and then share the profits with the sneaker owners.
In-app NFT Marketplace: Users can trade their NFTs on the marketplace.
In-app exchange feature: Users can exchange their token earnings for other forms of cryptocurrencies.
In-app decentralized wallet: Users can deposit or send cryptocurrencies to the wallet to fund their spending accounts.
STEPN has raised approximately $5 million from investors, with 16.30% of the total GMT token supply being sold at $0.005/GMT.
STEPN is a Web3 lifestyle app with built-in Game-Fi and Social-Fi elements
STEPN is built around a fundamental daily activity that most people do - moving around. We are the first project to effectively implement the concept of functional movement and earning, finishing 4th out of 500+ projects at the Solana Ignition Hackathon 2021.
Users equip themselves with NFTs in the form of sneakers. By walking, jogging or running outdoors, users will earn game coins that can be used in the game or cashed out for profit.
With Game-Fi, STEPN aims to drive millions of people towards healthier lifestyles, combat climate change and connect the public to Web 3.0, while relying on its Social-Fi aspect to build a lasting platform that fosters user-generated Web 3.0 content.
Note: STEPN is currently in public beta, so the content in the whitepaper may change in the future.
GMT coin distribution situation Quantity (GMT) Proportion description
Ecosystem/Fund 1.8 billion 30% unspecified
1.8 billion profit while moving 30% unspecified
Private placement round: 978 million, 16.3%, unspecified
Team 852 million 14.2% Unspecified
Binance Launchpad sales of 420 million 7% unexplained
Consultant 150 million 2.5% Unspecified
