Stepn (GMT, GST), a move-to-earn (M2E) Web3 platform with built-in gaming finance (GameFi) functionality, surged to prominence in early 2022.
M2E applications enable users to generate passive earnings by participating in everyday activities like walking, jogging, and running. The gamification of M2E functions similarly to play-to-earn (P2E) games, with complete control over in-game assets and the possibility to convert tokens into cryptocurrency or fiat money.
What does the future hold for the Stepn cryptocurrency? Will the project become mainstream, or will it fade away? Meanwhile, who owns the most Stepn crypto, and how will the tokenomics affect Stepn’s prospects?
What is Stepn and how does it work?
Stepn (GMT) live price chart
Stepn is the first mobile M2E non-fungible token (NFT) game powered by the Solana (SOL) blockchain. Users of STEPN can earn tokens by walking, jogging or running outside while wearing NFT sneakers.
Find Satoshi Lab, an Australian fintech company, created STEPN. Its co-founders are Jerry Huang and Yawn Rong. Stepn was one of the winners of the Solana Hackathon in October 2021, placing fourth out of more than 500 projects.
STEPN aims to inspire millions of individuals to embrace healthier lives by bringing them into the Web3 age while also contributing to the achievement of carbon neutrality.
Before moving, the user must choose a digital sneaker corresponding to their intended activity level. If their pace exceeds or falls below the activity range of their chosen shoe, they will no longer receive tokens; hence, selecting the sneaker with care is essential. One may walk (1kph to 6kph), jog (4kph to 10kph) or run (11kph 16kph) (8kph to 20kph).
Each pair of shoes is analogous to a two-dimensional object with unique statistics and rarity. The statistics indicate how long users may operate without recharging. Additionally, they may provide players with a…
