Coin overview
GMT overview
About GMT
Coin-related
Price calculator
Price history
Price prediction
Technical analysis
Coin buying guide
Crypto category
Profit calculator
Trade-related
Buy/Sell
Deposit/Withdraw
Spot
Margin
USDT-M futures
Coin-M futures
Trading bots
Copy trading
Earn
Pre-market
Coin updates
GMT news
GMT flash
Events Calendar
ICO
Airdrop
Other products
BRC-20 prices
Crypto directory
Crypto encyclopedia
Crypto glossary
What is GMT (GMT)?
GMT basic info
What is Stepn (GMT)?
Stepn (GMT) is a pioneering mobile application that combines fitness with blockchain technology. It encourages users to lead a more active lifestyle and earn cryptocurrency at the same time as rewards. The platform uses Web3 to create a gamified experience where individuals earn Green Metaverse Tokens (GMT) through activities like walking, jogging, or running outdoors. This Web3 lifestyle app turns movement into financial rewards that benefit both physical health and digital engagement.
Who Created Stepn (GMT)?
Jerry Huang and Yawn Rong co-founded Stepn with the goal of promoting health through blockchain-based incentives. They aimed to develop a platform that not only encourages physical activity but also integrates seamlessly with the digital economy. Stepn gained recognition by securing 4th place among over 500 entries at the Solana Ignition Hackathon 2021 as a testament to its innovative potential.
What VCs Back Stepn (GMT)?
Stepn has attracted substantial investments from leading venture capital firms, including Sequoia Capital, Folius Ventures, and Binance. These funds have facilitated the app's development and expansion, enhancing its features and increasing its user base.
How Stepn (GMT) Works
Stepn operates on an innovative model with several mechanisms promoting both physical activity and financial gain through blockchain technology.
Promoting a Healthy Lifestyle
Stepn’s core innovation lies in its move-to-earn model, which motivates users to maintain an active and healthy lifestyle. By linking physical activity with financial rewards, Stepn fosters continuous engagement, making exercise not just a routine but a rewarding activity. This approach aligns users’ health goals with the digital economy to improve the living standards for players in many ways.
Community and Sustainability Impact
Stepn extends its benefits beyond individual users by contributing to broader sustainability goals. The app's engagement model encourages participation in collective fitness challenges and environmental initiatives. Through these activities, Stepn aims to inspire millions to adopt healthier lifestyles while also supporting environmental sustainability.
Real-Time Activity Tracking
The Stepn app monitors users' physical activities, such as walking, jogging, or running, in real-time. This seamless and precise tracking ensures every step counts towards earning rewards. The app’s advanced tracking capabilities allow users to engage in outdoor activities while the app records their movements and converts them into tangible rewards.
Earning and Utilising GMT Tokens
One of Stepn’s key features is its earning mechanism. Users with Stepn NFTs earn Green Metaverse Tokens (GMT) based on their physical activities. The amount of GMT earned depends on factors like the type of trainers worn, the user’s activity level, and movement efficiency. The earned GMT tokens have multiple uses within the Stepn ecosystem. Users can spend these tokens on in-app purchases to enhance their experience and capabilities. Additionally, GMT tokens can be traded on cryptocurrency exchanges, providing liquidity and potential financial growth. Users can also reinvest their GMT tokens into the platform to upgrade their trainers and boost future earnings and performance.
GMT Goes Live on Bitget
While the concept of move-to-earn has evolved, Stepn's innovative approach sets a new benchmark. Its integration of real-time activity tracking and token earning mechanisms offers a compelling alternative to traditional fitness apps. With unique features and strong backing from top venture capitalists, Stepn encourages millions to adopt healthier living. Join Stepn today with Bitget and make your steps count!
How to Trade GMT on Bitget
Step 1: Go to GMTUSDT page
Step 2: Enter the amount and the type of order, then click Buy/Sell
For detailed instructions on how to spot trade in Bitget, please read The Uncensored Guide To Bitget Spot Trading .
Trade GMT on Bitget now!
Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
GMT supply and tokenomics
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.
Links
What is the development prospect and future value of GMT?
The market value of GMT currently stands at $266.19M, and its market ranking is #156. The value of GMT is widely recognized by the market. When the bull market comes, the market value of GMT will likely continue to increase.
Moreover, if GMT can play a greater role in practical applications, such as GMT builders fully leveraging the potential of GMT, partnering with more businesses, and increasing its user base, the long-term value of GMT will be significantly enhanced.
Is GMT worth investing or holding? How to buy GMT from a crypto exchange?
How to get GMT through other methods?
What is GMT used for and how to use GMT?
Learn about other cryptos
![What is Fino DAO(FINO)](https://img.bitgetimg.com/multiLang/coinPriceLogo/3613b6c35d9f0b9726ee3478dc4fc29d1684399844897.8061.png)
![What is Plata Network(PLATA)](https://img.bitgetimg.com/multiLang/coinPriceLogo/8130ebd410c7cb8aa021771aff6045b41710522578001.png)
![What is Mimas Finance(MIMAS)](https://img.bitgetimg.com/multiLang/coinPriceLogo/da8c285bab00dc4d4bd0ec924c37f9601701883033436.png)
![What is Dinoland(DNL)](https://img.bitgetimg.com/multiLang/coinPriceLogo/2f18d7960bc1c873c4b8f824c7c911d81684399845052.6096.png)
![What is Mindfolk Wood($WOOD)](https://img.bitgetimg.com/multiLang/coinPriceLogo/9524dfc194782411bb61f21642eb408d1710608789150.png)
![What is Solana Ecosystem Index(SOLI)](https://img.bitgetimg.com/multiLang/coinPriceLogo/582afa3d9c1f14f12bf3d8dc22f369e21684399845184.8033.png)
![What is MetaSwap(MSC)](https://img.bitgetimg.com/multiLang/coinPriceLogo/c880c0341642f62650ef1101a953990f1710349691213.png)
![What is Metabolic(MTBC)](https://img.bitgetimg.com/multiLang/coinPriceLogo/1ef14a5246ea68e90ff3a6d4908b22871684399845285.8276.png)
![What is Doge-1 Mission to the moon(DOGE-1)](https://img.bitgetimg.com/multiLang/coinPriceLogo/5e3465ffeaf7ab746b9c383303f10db11710522578999.png)
![What is MetaGods(MGOD)](https://img.bitgetimg.com/multiLang/coinPriceLogo/59c5225d95c70a2e1b9117494e9d4e031710522527882.png)
![What is Maia(MAIA)](https://img.bitgetimg.com/multiLang/coinPriceLogo/cfcdf9b5c0a973eaab9146c76ff6a3181710608789290.png)
![What is UncleMine(UM)](https://img.bitgetimg.com/multiLang/coinPriceLogo/6d88dfe385c8af8928ec5ceca256e9531710522528712.png)