What is STEPN?

summary

STEPN is a Move to Earn (M2E) NFT game that allows users to earn virtual currency (GMT and GST) by walking and running. It was released in December 2021 and quickly became popular around the world. In STEPN, users must first purchase NFT sneakers. Sneakers are available in a variety of rarity and status levels. Once the sneaker is purchased, the user can launch the application and start walking. Depending on the distance you walk, you will be rewarded with GMT and GST. The GMT and GST can be exchanged for other NFTs and products or cashed in on STEPN's marketplace. STEPN is an innovative game that allows users to promote healthy habits and earn virtual currency at the same time.

What is STEPN - Explanatory Video

STEPN, an application that brings the principles of Game-Fi and Social-Fi into everyday life, was the fourth most successful of the more than 500 projects presented at Solana's Ignition Hackathon 2021, and the first to effectively introduce the Move and Earn idea to effectively implemented. STEPN is the first project to effectively implement Move and Earn, a system that allows participants to obtain a Non-Fungible Token (NFT) equipped as a pair of sneakers and walk, run, or jog outdoors to accumulate game currency, which can then be exchanged for digital payments. STEPN plans to develop a long-term platform that will simultaneously facilitate user-generated Web 3.0 content in order to motivate people to work on projects for a healthy lifestyle and environment.

Blockchain (realm) and reserve currency

Blockchain Name	Description.	key currency
Solana (Solana Chain)	A high-performance and secure blockchain platform. Characterized by high scalability and low transaction costs, it is used in a variety of applications including finance, gaming, and social infrastructure.	SOL
BSC (Binance Smart Chain)	A blockchain platform developed by Binance with smart contract capabilities, compatible with Ethereum and able to use Ethereum's tools and DApps.	BNB
Ethereum (ERC20)-APE Chain	A blockchain platform that supports smart contracts; ERC-20 is a token standard that defines a standard interface for creating tokens on Ethereum.	ethylenediaminetetraacetic acid

What is the realm?

A realm is a server that hosts different versions of a game, allowing different users to play the same game in different realms. It can be built on STEPN's blockchain, and STEPN and its ecosystem partners work together to release new realms, offering a variety of values and brand experiences. Each realm has great freedom to define color themes, utility tokens, NFT visuals, stories, etc.

As a basic rule, energy can be shared between realms under certain conditions, and GMTs can bridge between realms, but utility tokens are not bridged between realms. When a new realm is released, users can share a certain amount of energy from the old realm to the new realm, but the amount of energy that can be shared decreases over time.

in-game currency

GST

The virtual currency GST (Green Satoshi Token) is a token used in the STEPN app. The app allows users to earn GST by walking and running; GST is awarded based on the distance and time walked by purchasing NFT sneakers within the STEPN app. GST cannot be purchased on domestic exchanges and must be purchased on international exchanges.

GST Overview

Official name: Green Satoshi Token
Usage: Transactions within the STEPN application, purchase of NFT sneakers, etc.
Exchanges: Huobi, Raydium, etc.
Official site:STEPN

Features of GST

STEPN utility tokens, which can be earned by participating in games.
Used to repair sneakers, level up, and upgrade GEMs.
Exchangeable for USDC.
Anti-cheat measures are in place.

Future of GST

Increased demand due to STEPN's growing popularity.
Price maintenance by burn.
Listing on various exchanges.

How to purchase GST

Since it is not handled by domestic exchanges, it can be purchased on international exchanges such as Huobi, MEXC, and CoinEx.
Since it is not possible to deposit Japanese yen directly into the account, the virtual currency is purchased on a domestic exchange and then transferred to an overseas exchange for purchase.

Combustion mechanism of GST (Burn)

(data) item	Description.
shoeminting	Process of burning GST
servicing	Burning GST to restore HP
Sneaker Level Up	Burning GST to enhance sneakers
Gem Upgrades	Burning GST to enhance gems
Unlocking the socket	Burning GST to make sockets available
Opening the Mystery Box	Burning GST to open mystery boxes
Sneaker enhancement	Burning GST to improve sneaker performance

GST,GMT Market Information

If you want to see detailed information, click or search the name of the virtual currency (e.g. BTC) to view detailed information.

#	Name	Price	Changes 24H	Available Supply	Price Graph (7D)

GMT

The virtual currency GMT (Green Metaverse Token) is the governor's token for the Move to Earn game "STEPN." It was listed on Binance, a leading virtual currency exchange, on March 17, 2022. In order to purchase GMT, users must transfer virtual currency from a domestic exchange, such as GMO Coin, to an international exchange for the purchase of GMT. GMT is also needed to enhance sneakers used in STEPN, and its usage is continuously being updated.

GMT Market Information

GMT
(GMT)
Price
$0.132
Market Cap
$354.04 M

GMT Features

Governance token: GMT is STEPN's Governance Token, a token that gives you a say or vote on the direction of a project or app.
Air drop: GMT was airdropped to certain STEPN users. This was a measure to reward players who had supported STEPN from the beginning.
IEO: GMT is an IEO on Binance and is considered a reliable and marketable token.

GMT Acquisition Mechanism (Classic Pool)

The Classic Pool is a pool for non-Rainbow sneakers and accounts for 20% of the daily GMT releases. In the Classic Pool, the type of sneaker can contribute to the GMT as well as the GST earned.

category	(data) item	Description.
Pool Information	Classic Pool	Daily GMT distribution: 20
	Rainbow Pool	Daily GMT distribution: 30
	Rainbow Plus Pool	Daily GMT distribution: 50
	Rainbow Infinite Pool	Daily GMT distribution: unknown, Remarks: Schadenfreude pool (mechanics TBD)
GMT Acquisition Information	GMT Acquisition Limit	nashi (Pyrus pyrifolia, esp. var. culta)
	GMT Acquisition Calculation Method	Dynamically changes every minute based on the number of GMT winners at that time. Based on Rainbow Power and Comfort totals.
	GMT Start Order	1. classic pool (100%) -> 2. rainbow pool (classic 40%, rainbow 60%) -> 3. rainbow plus pool (classic 20%, rainbow 30%, rainbow plus 50%)
Hash Rate Information	hash rate	Computing power used by the network to process transactions. Higher values mean more difficult mining and lower rewards.

level condition

category	(data) item	Description.
level condition	Acquisition level	Sneakers that have reached level 30
Mechanism of Halving	Acquisition period	Until exactly two years after the date the GMT is available for acquisition.
	Daily gain	fixation
pro rata mechanic	How to calculate the amount of gain	The amount of GMT earned per user is distributed proportionally. The more users, the less each user gets.
comfort mechanism	Impact of the amount of acquisition	The higher the Comfort, the higher the GMT earned.

STEPN Review

STEPN reviews show a wide range of reactions to this application from users. Some key takeaways are summarized below.

advantage

Promoting Health and Exercise: STEPN aims to encourage physical activity and support a healthy lifestyle. It encourages users to be active through walking, jogging, and running.
revenue generation: Users can earn cryptocurrency while exercising. This is especially attractive to those with active lifestyles.

point of concern

Market Fluctuations: The volatility of the cryptocurrency market can have a significant impact on the profitability of your app. Prices are highly volatile and carry investment risk.
initial investment: Purchasing NFT sneakers requires an initial investment, which can be a barrier for some users.
技術的な問題: Some users have reported bugs and technical issues with the app.

comprehensive evaluation

STEPN is an attractive option for those interested in both health and cryptocurrency, but market volatility and the need for initial investment must be considered. For some users, the app may allow them to form healthy habits and generate revenue at the same time, but this is highly dependent on individual circumstances and market conditions.

We recommend that you check directly with the app store, relevant forums, and social networking sites for specific user reviews and detailed information.