GMT BINANCE LISTING Green Metaverse Token STEPN move-to-earn health and fitness application
8STEPN is a move-to-earn health and fitness application. Users equipped with sneaker NFTs can move outdoors to earn tokens and NFT rewards. STEPN has a built-in wallet, swap, marketplace, and rental system that allow non-crypto users to onboard STEPN.
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 locking period, the higher the voting power.
Staking reward: GMT stakers can vote to decide the distribution of staking rewards.
Accrual of protocol revenue: GMT is burned to access in-app features, such as sneaker upgrades and minting of new sneakers.
Current features of STEPN include:
Mobile application: STEPN is live on iOS App Store and Google Play store (Restricted to certain countries).
Sneaker NFT: Every sneaker has different types, qualities, attributes, and gem sockets. Users can burn tokens to level up and customize sneakers.
Move and Earn: Users equipped with sneakers NFT can move outdoors and earn tokens. There are multi-layers anti-cheating mechanics to prevent exploitation.
Rental system: Users can rent a sneaker for free, move and earn and then split the earnings with the sneaker owner.
In-app NFT marketplace: Users can trade their NFTs on the marketplace.
In-app swap: Users can swap their token earnings to other forms of cryptocurrencies.
In-app decentralized wallet: Users can deposit and send cryptocurrencies to the wallet to fund their spending accounts.
STEPN has raised ~5MM USD from investors, where 16.30% of the GMT total token supply has been sold at around 0.005 USD/GMT.
As at March 1st 2022, the total supply of GMT is 6,000,000,000 and the circulating supply upon listing will be 10% of the total token supply.
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