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Bittime - STEPN (GMT) is one of the crypto assets based on the move-to-earn concept, where users can earn tokens by doing physical activities such as walking, running, or jogging. STEPN is a Web3 lifestyle application that combines Game-Fi and Social-Fi elements, powered by the Solana blockchain network. STEPN aims to inspire users to live healthy lifestyles, contribute to the environment, and connect with the Web3 community.
What is STEPN (GMT)?
STEPM (GMT) is the first movement-based nonfungible token (NFT) game that can make money, powered by the Solana blockchain. This innovative game allows users to earn tokens by walking, jogging, or running outdoors while wearing NFT shoes. STEPN's goal is to encourage healthy lifestyles while embracing the Web3 era and contributing to carbon neutrality.
What are GMT and GST Tokens
STEPN has two types of tokens, namely Green Metaverse Token (GMT) and Green Satoshi Token (GST), which have different functions and values. GMT is a limited number of regulatory tokens, while GST is a token earned from the beginning of the game.
Why is STEPN (GMT) Trending?
STEPM (GMT) is in the spotlight as an NFT game that offers a unique and exciting experience, as well as great earning potential. The game has reached over 100,000 registered users and 10,000 NFT shoes sold in less than a month since its launch in November 2021. The game has also gained support from some well-known figures in the crypto world, such as Michael Saylor, CEO of MicroStrategy, and Sam Bankman-Fried, CEO of FTX.
Who Made STEPN?
STEPM was developed by Find Satoshi Lab, an Australian financial technology company founded by Jerry Huang and Yawn Rong. Their vision led them to win the Solana Ignition Hackathon Gaming Track, making STEPN the only mobile game to win the prize. The game received praise for its design, user interface, and commitment to bringing non-crypto users into the ecosystem.
How Does STEPN Work?
To get started with STEPN, users must download the app, register, and connect their wallet. NFT shoes, essential to play, can be purchased using Solana's native SOL token. These shoes have attributes such as durability and efficiency, which affect the energy limit for exercise. Each NFT shoe also has a different level of difficulty, which determines the number of GST tokens that can be generated.
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What Makes STEPN Unique?
STEPN stands out with its blend of Social-Fi and Game-Fi elements. The goal is to promote healthy lifestyles and environmental sustainability while forming a vibrant community of users through user-generated content in Web3. Users can interact with fellow players, join clubs, participate in challenges, and share their achievements on social media. In addition, STEPN is also committed to reducing its carbon footprint by donating a portion of its revenue to environmental projects.
Use of NFT Shoes in STEPN
NFT shoes serve as the foundation of the STEPN game, enabling users to earn Green Satoshi Tokens (GST) by participating in outdoor activities. These tokens can be used for various purposes within the game, including creating new shoes or leveling up, purchasing virtual goods, or exchanging them for fiat currency or other cryptocurrencies. GST tokens also have a fluctuating market value, which can provide benefits for their holders.
How to Make Money with STEPN?
Users can earn GST tokens through three game modes: solo, marathon, and background. Each mode offers the opportunity to collect tokens by simply moving outdoors while wearing NFT shoes. The solo mode allows users to walk, jog, or run anytime and anywhere, with specific time and distance limits. The marathon mode enables users to compete with other players in virtual races, with larger GST token rewards. The background mode allows users to passively earn GST tokens by activating the app in the background while engaging in daily activities.
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Is STEPN (GMT) a Good Investment?
As with any investment, careful consideration of financial goals and the project's vision is crucial. Understanding the app, its team, and its alignment with personal goals are key factors in determining whether STEPN is a suitable investment opportunity. Some factors that may influence STEPN's potential as an investment include:
- Market Demand: STEPN offers an attractive NFT game for users who want to earn money while exercising and caring for the environment. This can increase market demand for NFT shoes and GST tokens, potentially enhancing their value.
- Competition: STEPN faces competition from other NFT games offering unique and appealing experiences, such as Axie Infinity, CryptoKitties, or Decentraland. This could reduce STEPN's market share and popularity, potentially lowering their value.
- Innovation: STEPN continuously innovates to improve the quality and features of its games, such as by adding new game modes, virtual goods, and social media integration. This can increase user loyalty and engagement, potentially raising their value.
- Regulation: STEPN operates under the laws and regulations applicable in the countries where it is available. This can affect the accessibility and legality of the game and its tokens, potentially impacting their value.
By integrating elements of fitness, gaming, and blockchain technology, STEPN (GMT) offers a unique and engaging experience while promoting healthy lifestyles and environmental sustainability in the Web3 era.
How to Buy STEPN (GMT) on Bittime
You can buy and sell STEPN (GMT) in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
STEPN (GMT) is available on Bittime with the GMT/USD market pair. To be able to buy GMT IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application.
Learn the complete guide on how to buy STEPN (GMT) on Bittime.
Monitor the price chart movements of STEPN (GMT), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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