What is STEPN (GMT, GST)? All about GMT & GST tokens

What is STEPN?

STEPN is a Solana Web3 lifestyle app with built-in Game-Fi and Social-Fi elements, which released its first beta on December 20, 2021. STEPN focuses on building the GameFi market and the virtual world – a Metaverse where users earn by walking, jogging or running outdoors.

As the name of the Project’s concept - Move to Earn - states, STEPN is special because users can equip their NFT and convert their moving energy into the game currency, which can either be used in-game or cashed out for profit.

Specialities of STEPN

STEPN has created a new trend for the GameFi market by effectively bringing to life a functioning Move to Earn concept and winning the Solana Ignition Hackathon Gaming Track.

After aiming to inspire millions of people to a healthier lifestyle, STEPN released NFT sneakers in collaboration with Asics shoes. This collaboration’s NFT raised the value to unimaginable numbers.

GMT and GST Token Use Cases

What is GMT and GST Token?

GST and GMT are 2 tokens of Stepn:

• GST can be earned when a user moves and participates in in-game activities.
• GMT can be earned when a user moves with a level 30 NFT and participates in in-game activities.

GST token

• Utility Token.
• Repair NFTs with reduced durability.
• Mint in-game NFTs.
• Used for unlocking the socket, updating gems or leveling up NFTs,…
• Swap with stablecoin USDC in the app.
• Trade on DEXs or CEXs.

GMT token

• Governance Token.
• Mint in-game NFTs
• Swap with stablecoin USDC in the app.
• Trade on DEXs or CEXs.
• Stake in the next feature.

Burn system

Stepn has a burn mechanism to reduce the circulation of GMT and GST tokens, by activities such as Sneaker Repair, Sneaker Unlock/Reset, Customization Fee, Level Up Sneaker, Sneaker Minting and Upgrade Gems.

Team and Investors

STEPN has a strong team and extensive industry experience in the development of social media applications. You can see this in the image below.

STEPN received a large number of investments from many famous names in the Solana community such as Solana Ventures, Alameda Research,…

Roadmap & Updates

STEPN has launched games and tokens. The plans for 2021 have been completed and the next step of STEPN also has specific information for 2022. You can check the detailed roadmap information here.

Detailed Information about STEPN Tokens (GST & GMT)

Key Metrics GST & GMT Tokens

GST Token

• Token Name: Green Satoshi Token
• Ticker: GST
• Blockchain: Solana, BNB Chain
• Token Standard: SPL, BEP20
• Contract:
  • SPL: AFbX8oGjGpmVFywbVouvhQSRmiW2aR1mohfahi4Y2AdB
  • BNB Chain: 0x4a2c860cEC6471b9F5F5a336eB4F38bb21683c98
• Token Type: Utility
• Total Supply: Unlimited
• Circulating Supply: 10,347,235.00 GST

GST has an unlimited supply and is earned when a user moves in the game mode. To provide liquidity, STEPN created 60,000,000 tokens and distributed them to exchanges in the following list:

• 20,000,000 GST (SPL) were minted for Raydium and Orca
• 20,000,000 GST (BEP20) were minted for PancakeSwap
• 10,000,000 GST were created for each chain and locked into Binance to serve the purpose of a cross-chain bridge.

GMT Token

• Token Name: Green Metaverse Token
• Ticker: GMT
• Blockchain: Solana, BNB Chain
• Token Standard: SPL, BEP20
• Contract:
  • SPL: 7i5KKsX2weiTkry7jA4ZwSuXGhs5eJBEjY8vVxR4pfRx
  • BNB Chain: 0x3019BF2a2eF8040C242C9a4c5c4BD4C81678b2A1
• Token Type: Governance
• Total Supply: 6,000,000,000
• Circulating Supply: 600,000,000

Token Allocation

• Move & Earn: 30%
• Ecosystem/Treasury: 30%
• Private Sale: 16.3%
• Team: 14.2%
• Public Sale: 7%
• Advisory: 2.5%

Token Sale

Binance Launchpad announced the 28th project- STEPN (GMT) with the Launchpad’s usual subscription format.

From 07:00 (GMT) Mar 02, 2022 to 07:00 (GMT) Mar 09, 2022, users’ BNB balances was calculated through snapshots everyday day over 7 days.

The Subscription period opened from 06:00 AM (GMT) Mar 09, 2022 to 09:00 AM (GMT) Mar 09, 2022 for all eligible users for 3 hours.

Token Release Schedule

How to get GMT, GST Token

Users can get GMT or GST tokens by:

• Buying on DEXs or CEXs.
• Earning through moving and participating in in-game activities.

How to store GMT, GST Token

You can store GMT and GST tokens on the Coin98 Super Wallet or the Coin98 Extension Wallet by following these steps:

Step 1: Open the application, at the homepage click the Wallet icon → Receive.

Step 2: Enter GST or GMT token in the search bar.

Step 3: Click the icon to copy the wallet address or get the QR address and send your assets to this address.

How to buy GMT and GST Tokens

You can buy GMT and GST on CEXs (Binance, Coinbase,..) or DEXs (Raydium, Orca,...).

GST and GMT tokens can also be traded on Coin98 Exchange. You can swap GST or GMT directly on the Coin98 Exchange at the end of this article!

Learn more: How to use Coin98 Exchange.