The Solana blockchain features STEPN, a Web3 lifestyle application that combines GameFi elements and play-to-earn with walking app. STEPN’s native cryptocurrencies are GST and GMT tokens. By purchasing NFT sneakers, users can earn in-game cryptocurrency while walking or running in app.
STEPN aims to revolutionize the fitness app market by promoting healthier lifestyles among of users. The app utilizes “proof of movement” and GPS to validate user exercises, rewarding them for activity. Users can access the latest technology news via NEWSLINKER.
To get started STEPN, users need to download the app, link their cryptocurrency wallets, and complete membership procedures. Subsequently, they purchase NFT sneakers using SOL to earn money by walking. After an initial purchase, energy renewal takes 24 hours. The duration of exercise time with an NFT sneaker is measured as energy.
The ecosystem comprises two tokens: GST and GMT.
GMT Token: This governance token allows holders to rename sneakers or attain higher levels. Only Level 30 sneakers can be exchanged for USDC.
GST Token: A utility token used for leveling up or repairing sneakers. GST tokens are available through Token Generation Event (TGE) and exchanges; they can also be earned by physical activityCryptocurrency earnings depend on sneaker features, usage mode, and GPS signal efficiency.
in August 2021 by Australian blockchain entrepreneur Yawn Rong—creator of the Australian crypto fund Crypto SA—STEPN’s team includes Jerry Huang (former founder of Falafel) as co-founder.
To purchase GMT Coin securely on Binance—the world’s largest cryptocurrency trading platform—users must join Binance first before transferring fiat currency like USD; BTC), BUSD), BNB), ETH), or USDT) pairs are needed to trade in GMT pairs.
Users also have the option to place a buy order at lower than market value using the Limit tab on Binance.
Disclaimer:
This article does not constitute investment advice; due diligence is recommended owing to high volatility associated with cryptocurrencies.
