GMT coin is used as the governance token in the move-to-earn game known as Stepn. It is used alongside GST or the Green Satoshi Token, which is the utility token of the game. Since the game is built on the Solana blockchain, this cryptocurrency is compliant with the Solana network. In fact, you will have to purchase SOL in order to get the sneakers in the game. Once that is done, you will be able to earn the utility token, which will help you earn the governance cryptocurrency of the game. Given that it encourages people to live more active lives, the coin and project, in general, are quickly becoming popular.
A Bit About Stepn
GMT coin was developed by Jerry Huang, an experienced businessperson who has a strong background in information technology and the gaming industry. It is meant to disrupt the fitness industry by giving people an incentive to live healthier lifestyles. Stepn has come up with systems to prevent cheating. For example, you can’t earn points when riding a bus or motorcycle, and trying to cheat the system can make you get banned from the game. The cryptocurrency is used as the governance token on the Stepn platform, and it works on the Solana blockchain.
Move to earn, with Stepn's GMT coin.CryptoLists.com
The Stepn application is available on both Android and iOS devices, and once you install it, you will need to purchase at least 10 SOL worth of sneaker NFTs. From there, you will be able to earn crypto whenever you work out. When you start out, you will only get paid using GST. This will be changed to GMT when you get sneakers of level 30 or higher. The maximum supply of the cryptocurrency is 6 billion, and its value is meant to be maintained using a token burning system.
Utility of Stepn?
Players who have sneakers at level 30 or higher can earn this cryptocurrency when playing the Stepn game. As a governance token, it gives holders the capacity to shape the future of the protocol. Holders of the governance token can propose new features and vote on certain proposals. It is also worth noting that the cryptocurrency has a hard cap, and its total release is halved every three years. This can help the coins increase in price over the years, which would make it a good investment.
Stepn Price detailsBSC Contract address: 0x3019BF2a2eF8040C242C9a4c5c4BD4C81678b2A1
›› Details & Tokenomics
›› GMT tokenomics and social media
Advantages of Stepn+ It’s associated with a project that encourages working out & environmental awareness.
+ The burning mechanism will help GMT maintain its value.
+ Major crypto venture capital firms have backed the GMT & Stepn project.
+ Various respected crypto exchanges have listed the GMT cryptocurrency.
+ The app is gaining mass adoption, and this is helping its cryptocurrency.
Disadvantages- GMT is still under development, even if the current version is pretty good already.
- The GMT coin has been around for a very short time.
- Like other altcoins, GMT's price can be highly volatile.
Costs▪ Rated at 10/10
The fee for transferring this token is extremely low since it uses the Solana blockchain. The average cost of the transfers is around $0.00025 per transaction. You will have to pay this fee in SOL. It is worth noting that coins like Bitcoin charge even more than $20 per transaction, so the fee for this altcoin is quite low.
Reputation and Buzz▪ Reputation rated at 8/10
▪ Buzz rated at 9/10
Although GMT coin is still new, it has been able to grow in value significantly. This is because of the increased popularity of the Stepn game, as well as its dedication to promoting good health. As we’ve mentioned earlier, the company is also making monthly donations toward combating climate change. The company launched its Twitter account towards the end of 2021, and it already has more than half a million followers. You can use Twitter and Reddit to keep up with discussions surrounding the project. The main issues noted in the project are the poor functioning of the application. Some users have had trouble setting up accounts and others have noted that the GPS is working poorly.
Where can I buy GMT coin?
Although this coin is still new, it has been listed on a few major crypto exchanges. These include Binance, OKX, Bybit, and FTX.
What is the total supply of this cryptocurrency?
The supply of this altcoin is capped at 6 billion, and a majority of it is distributed to players, the ecosystem, and the treasury. The total release of the coin is halved every three years. Also, the team and private sale tokens are subject to vesting.
What is a governance token?
This cryptocurrency is used as a governance token, which means holders of the token can make proposals and vote on new features.
Who is the founder of this cryptocurrency?
This cryptocurrency was founded by two people: Jerry Huang and Yawn Rong. Other key members of the team are Jessica Duan and Ryan Turner, who are the CSO and lead designer respectively.
How can you earn this cryptocurrency?
To earn this altcoin when using the Stepn app, you will need to first purchase sneaker NFTs. You will then be able to earn coins by running, walking, or jogging.
Screenshots from Stepn
More sites where to buy/sell/trade StepnBelow you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
Stepn details and tokenomics
SOL Contract address: 7i5KKsX2weiTkry7jA4ZwSuXGhs5eJBEjY8vVxR4pfRx