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What is STEPN Crypto?
STEPN is a Web3 way-of-life programme that includes social and game-based components.Many people move around on a daily basis, and STEPN is designed around that basic activity.It combines aspects of a play-to-earn game with a wellness application to make a new category coined “move-to-earn.” Users purchase NFT sneakers, which they can use to earn in-game money while walking, running, or jogging.
With Game-Fi, STEPN aims to nudge millions toward a better way of life, battle environmental change, and connect people in general to Web 3.0, all while at the same time depending on its Friendly Social-Fi viewpoint to construct an enduring stage encouraging user-generated Web 3.0 content.
STEPN rewards users for walking, jogging, or running.
Founders of STEPN?
Jerry Huang and Yawn Rong are the co-founders of STEPN
How does STEPN work?
STEPN has made a remarkable web3 application that locks in user support and commitment in a gamified way. Available on both Android and iOS devices, the STEPN application can be downloaded from Google Play Store or the Apple App Store.
During your activity, you’ll earn StepN’s native in-game spending token, GST (Green Satoshi Token), for each moment of development which is sent directly to the user’s wallet. The application is geared to recognize regular development. Your earning time is limited by your Energy, which decides how long you can utilize the application and acquire GST in a single session. STEPN makes a profit with each in-application exchange, including shoe-minting, shoe rentals and NFT exchanging on the stage’s commercial marketplace.
Key Points of STEPN
- STEPN’s Game-Fi drive plans to encourage users to battle environmental change, carry on with a solid way of life, and connect general society to Web3.
- STEPN’s multi-chain decentralized trade (DEX) can be utilized to trade tokens without any problem.
- Because of the restricted amount of tokens, a burn mechanism is expected to assist people to carry on with a solid way of life, which is one more novel element of STEPN.
- Users are in full control of their information, and can without much of a stretch affirm the veracity of any exchange that happens on the stage.
- The STEPN application is eco-friendly, and its plan of action is intended to have a positive impact on the climate.
| STEPN Crypto Features |
|---|
| 1. Game-Fi and Wellness Integration |
| – Blends play-to-earn gaming with wellness applications. |
| – Rewards users for physical activity, promoting a healthy lifestyle. |
| 2. Founders |
| – Co-founded by Jerry Huang and Yawn Rong. |
| 3. Application Mechanism |
| – Gamified app on Android and iOS. |
| – Users earn GST (Green Satoshi Token) for each minute of movement. |
| – Energy determines earning time, encouraging consistent activity. |
| 4. Eco-Friendly and Positive Impact |
| – Eco-friendly app design with a positive impact on the climate. |
| – Limited token quantity with a burn mechanism to incentivize a healthy lifestyle. |
| 5. Tokenomics |
| – Dual-token system: GST (utility token) and GMT (governance token). |
| – GST burned during shoe minting, repairs, and upgrades. |
| – GMT is deflationary, fixed at 6 billion supply. |
| 6. Availability and Exchanges |
| – Available on Binance, KuCoin, Huobi, and other major exchanges. |
| – Wide accessibility for potential investors. |
Tokenomics
The GMT crypto model depends on two tokens. The Green Satoshi Token (GST) is the utility token used to pay out in-application rewards. The token has a limitless inventory yet is burned at whatever point a shoe is minted, fixed, or updated.
GST crypto rewards are utilized to boost STEPN users and must be acquired on the off chance that users move into specific game finance (GameFi) modes. These are the different in-game occasions during which STEPN coordinates GST: Shoe minting, Sneaker repairs, Leveling up STEPN NFT sneakers, Unlocking sockets, and Upgrading gems.
About GST and GMT
Green Satoshi Token (GST) is the utility token. The inventory of GST is limitless users acquire GST through their day-to-day development. To guarantee the solidness of GST, STEPN is planned with a lot of burn mechanisms. These include updating your in-game resources like shoes and jewels, unlocking gem sockets, and fixes. GST is likewise used to mint new shoes.
GMT : (Green Metaverse Token) governance token of STEPN.
GMT supply is fixed at a sum of 6 billion, of which 30% will be conveyed through M2E and administration investment. Instead of GST, GMT is intended to be deflationary similar to Bitcoin.
Where to buy?
STEPN is available in many crypto exchanges. Below is some exchanges list:
Binance
KuCoin
Huobi
MEXC Global
Gate.io
OKX
Hotbit
LATOKEN
Conclusion
This crypto feels like a one-of-a kind NFT project, blending an odd measure of stress and hopefulness into a move-to-earn application idea. Adding to the excitement around STEPN is that the stage is riding on two of the hottest trends in the crypto space: GameFi and SocialFi.
STEPN is a good or bad investment, if your goals correlate with the vision of the app, then it may be a good investment project for you. If your goals do not correlate with the vision of the app, then it may not be a good investment project for you.
Remember that the crypto market is highly uncertain and volatile there is a possibility that well-performing coins can give losses also so it’s important to do the research first before investing in any coin. Cryptocurrency in general can give unexpected results anytime, so you should never invest what you can’t bear to lose.
Disclaimer:Cryptocurrencies are unregulated, highly volatile, uncertain, and risky. Each individual must do his/her own research or seek independent advice if necessary before initiating any transactions or decision in crypto products and NFTs. The view, thoughts, perspectives, and opinions communicated in the article belong solely to the author. CryptoHott shall not be held liable for any acts or omissions, or losses incurred by the investors.
