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Uniqueness
STEPN aspires to disrupt the fitness industry in several ways.
Firstly, it incentivizes users to live a healthier lifestyle through a straightforward token reward mechanism. After downloading the app and creating a wallet, users can buy a pair of NFT sneakers to start earning in the game’s Solo Mode. By running or walking around, they can earn Green Satoshi Tokens (GST). Different types of sneakers return GST at different rates — the higher a sneaker’s efficiency attribute, the more GST per minute the user can earn.
This introduces the second revolutionary element of STEPN: the gamification of fitness. Thanks to the app’s in-game rewards, daily energy allowances, and customized sneakers, STEPN gamifies movement and nudges users towards a healthier lifestyle. In the future, the app plans to add a Marathon Mode, which will have weekly and monthly races between 2.5km and 15km. Marathon participants will be able to earn and compare their achievements on a leaderboard, with extra rewards for the top-ranking runners.
Finally, STEPN allows users to signal in two ways: through living a healthier lifestyle and earning tokens for it and through positively contributing to carbon neutrality. The former gives users an emotional and financial reward. The latter is achieved through STEPN’s contributions to buying Carbon Removal Credits on Solana to combat climate change.
Token utility
GMT can be earned through easy participation in several game activities and by running. These tokens allow you to level up to a high spot and change the name on your sneakers. Moreover, they are also used to distribute game profits and high-level activities that can also be considered premium content. Much like the GST token, GMTs can also be swapped with USDC when the sneakers reach level 30 or above and not before.
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What is the development prospect and future value of GMT?
The market value of GMT currently stands at $25.49M, and its market ranking is #610. The value of GMT is not widely recognized by the market. When the bull market comes, the market value of GMT may have great growth potential.
As a new type of currency with innovative technology and unique use cases, GMT has broad market potential and significant room for development. The distinctiveness and appeal of GMT may attract the interest of specific groups, thereby driving up its market value.
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