What Is STEPN (GMT)? The World's First Move-to-Earn Token, Only Steps Can Direct Cryptocurrency!

Get to know STEPN GMT, a P2E application that makes you healthy and can earn crypto. (STEPN)

JAKARTA – A number of crypto tokens have managed to steal the attention of investors, one of which is STEPN (GMT). Even so, there are still many crypto users who don't know what STEPN is, a token that carries "Move-to-Earn" (M2E) or moves to generate crypto.

While other P2E game developers encourage their users to sit back and play online games, STEPN comes up with a new and fresh alternative that empowers its users to gain health and wellness. In the STEPN app, users who have purchased NFT sneakers can get rewards for every step they take.

Reporting from CoinCu, STEPN is the first mobile NFT move2earn game powered by Solana where players can walk, jog or run outdoors with NFT Sneaker to earn tokens. STEPN aims to inspire millions of people to engage in healthier lifestyles by bringing them into the world of Web 3.0 while positively contributing to carbon neutrality.

But before using the STEPN application, the user must first deposit the Solana token (SOL) into the STEPN application. Furthermore, users can purchase NFT sneakers in the in-app marketplace. In addition, users also have to wait for "energy" charging for 24 hours.

For information, "energy" in the STEPN application is the amount of time that users can get to exercise using digital sneakers. If the energy has been collected, users can walk, run, or jog to earn crypto currency.

This is a new movement carried out by the STEPN team. With STEPN they promote a healthy lifestyle for digital users. STEPN is tipped to use social and community elements to revolutionize the way blockchain technology works to generate cryptocurrency.

“When we decided to make a product, we thought that running and walking was basically something that almost anyone could do. If we can turn this into a earn to earn or hire to earn movement, then we can reach everyone effectively,” said STEPN.

Built on the Solana Network

STEPN is the world's first Move-to-Earn project built on the Solana network. STEPN developer Find Satoshi Lab managed to raise USD 26 million (approximately IDR 376.5 billion) in the first quarter.

“By mid-March, we had 100,000 daily active users, and that number has doubled since then,” said STEPN Chief Business Officer, Shiti Manghani, quoted by CoinDesk.

In addition, STEPN is the winner of the Solana Ignition Hackathon Gaming Track. It is also the only mobile game to win a Hackathon. Through its easy-to-use interface, built-in Marketplace and Wallet, STEPN game design, and goal to encourage millions of people from outside the crypto community to use this app has won awards from the Hackathon jury.

STEPN is the first app to run Web3 and combines it with social elements in a game that's both fun and healthy. STEPN has successfully brought in top investors including Sequoia Capital, Alameda Research, Folius Ventures, Solana Capital, Corner Ventures, M13, 6th Man Ventures, DeFi Alliance, MorningStar Ventures, Solar Eco Fund, Openspace Ventures, Spark Digital Capital, Lemniscap, WlinderShi Capital, and Sfermion, as well as Zee Prime Capital.

STEPN has an interesting mission, which is to inspire millions of people to engage in healthy lifestyles, connect them to the Web3, and make positive contributions to carbon neutrality.

At the time of writing the price of the STEPN token (GMT) is trading at the level of IDR 52,013. On April 28, STEPN managed to carve its all-time highest price (ATH) at Rp59,433. GMT price performance has decreased by 9.3 percent in the last 24 hours. Meanwhile, in the last two weeks, the GMT token managed to gain 60.1 percent, according to data from Coingecko.

The STEPN (GMT) token itself has a total supply of 6 billion tokens. While the tokens currently circulating in the market are 6 hundred million GMT tokens.