STEPN GMT Coin

STEPN advertises itself as a Web3 lifestyle app with built-in Game-Fi and Social-Fi elements. Widespread speculation about a partnership with a major sportswear brand sparked the latest GMT token rally.

Although STEPN is still in public beta, it has amassed over 100,000 downloads on the Google Play store and over 139,000 followers on Twitter. The game is currently running on Solana, but says it plans to expand its decentralized wallet to offer multi-chain asset deposits and withdrawals in the future.

To start earning tokens, players must purchase or rent a pair of sneakers from the in-app marketplace using Solana’s local asset, SOL. At the start, players can only earn unlimited minted GST tokens. However, as players move up and level up their sneakers, they can start earning limited GMT governance tokens as long as they own and don’t rent sneakers.

STEPN’s tokenomic model is similar to that of the play-to-earn game Axie Infinity. In STEPN, GMT plays a similar role to AXS; It has a limited resource and is needed to level up and print new pairs of sneakers. GST, on the other hand, is more like Axie’s SLP; It has an unlimited supply, can be used for repairing sneakers after use, and is also consumed when sneakers are raised or pressed.

How to buy STEPN GMT Coin

STEPN coin is available for sale on more than 50 cryptocurrency exchanges. All cryptocurrencies are traded on exchanges. You can make profit or loss from buying and selling STEPN GMT Coin. All responsibility belongs to you.

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