STEPNGMT

About STEPN (GMT)

STEPN (GMT) is a Web3 lifestyle app that rewards users with crypto for walking, jogging, or running outdoors. Users equip NFT sneakers and earn tokens through physical activity, pioneering the move-to-earn model.

How STEPN Prices Are Determined

STEPN prices are determined by supply and demand across global cryptocurrency exchanges. Key factors include trading volume, market sentiment, regulatory developments, technological upgrades, and macroeconomic conditions. Prices can vary between exchanges due to liquidity differences and regional demand.

Frequently Asked Questions

What is STEPN?

STEPN is a Web3 lifestyle app where users equip NFT sneakers and earn cryptocurrency by walking, jogging, or running outdoors. It uses GPS to track movement and rewards physical activity with GST (utility token) and GMT (governance token), popularizing the move-to-earn concept.

How does STEPN's move-to-earn work?

Users purchase or rent NFT sneakers, then open the app and walk, jog, or run to earn tokens. Different sneaker types are optimized for different speeds. Sneakers have attributes that affect earnings and can be leveled up, customized with gems, and bred to create new sneakers.

What is GMT used for?

GMT is STEPN's governance token used for high-level sneaker actions like reaching premium levels, minting rare gems, and accessing exclusive features. It has a burn mechanism through in-app usage, creating deflationary pressure as the user base grows.