$GMT Ecosystem 🔥 🚀
Key Components of the GMT Ecosystem:
1. STEPN Platform:
A fitness app that rewards users with cryptocurrency for walking, jogging, or running outdoors.
Users need to purchase or rent NFT sneakers to participate.
2. Green Metaverse Token (GMT):
GMT is one of the platform's native tokens, functioning as a governance token.
It is used for staking, governance voting, and other advanced in-app activities.
GMT has a limited supply, adding scarcity to its value.
3. Green Satoshi Token (GST):
A secondary token in the ecosystem used for utility purposes, such as repairing and leveling up NFT sneakers.
Unlike GMT, GST has an unlimited supply and is earned through physical activity.
4. NFT Sneakers:
Essential for earning GMT or GST, these are customizable NFTs that can be leveled up, traded, or rented within the app.
Attributes such as Efficiency, Comfort, and Resilience affect token earnings.
5. Move-to-Earn Mechanism:
Users earn GMT and GST by engaging in physical activities tracked via GPS.
Higher-quality or upgraded sneakers can increase earning potential.
6. Tokenomics:
GMT Token Distribution:
Community (30%)
Ecosystem and treasury (30%)
Team (14.2%)
Private sales (16.3%)
Binance Launchpad (7%)
Advisors (2.5%)
Rewards are adjusted based on user activity and the app's growth.
7. Governance and Staking:
GMT holders can stake tokens to participate in decision-making processes, such as ecosystem updates or allocation of resources.
8. Carbon Offset Initiatives:
Part of the GMT ecosystem's mission is environmental sustainability. STEPN commits part of its profits to carbon offset efforts.
9. Marketplace:
Users can buy, sell, or rent NFT sneakers, creating a vibrant secondary market for these assets.
10. Community and Growth:
The GMT ecosystem thrives on active community participation and strategic partnerships, with an emphasis on creating a fun, engaging experience for users.
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