STEPN GST 2022 Guide | Roadmap, Use Cases, Investors & Utility Token Allocation Supply

2 min read

Why is STEPN unique and what is the Green Satoshi Token Roadmap for 2022?

The STEPN move-to-earn fitness app has been growing in popularity in 2022. In addition, the Web3 healthy lifestyle project took a huge step forward recently by partnering with Asics on their NFT sneaker launch. Green Satoshi Token (GST) is the utility token of the STEPN ecosystem. It’s used as an in-game currency and alternative to experience points. Owning GST is required to repair, upgrade and mint STEPN NFT Sneakers. GST can be earned when users move in Solo mode or Background mode.

Players receive GST via the STEPN app and tokens are generated in walking / running / jogging modes. NFT owners can also earn GST by renting out their NFTs to other platform users or new players.

GST tokens can also be donated to purchase Carbon Removal Credit on the blockchain, supporting the concept of carbon neutrality to combat climate change and contributing to environmental protection.

What is STEPN ($GMT)? The first Web3 running app with fun social and game elements

Outstanding Features

What makes GST unique?

The application has three modes:

  • Solo Mode (A player earns GST based on their motion. The number of earned tokens depends on physical activity and the rarity of their NFT sneakers)
  • Marathon Mode (Online marathons are held as weekly and monthly events. Registration is required at least 24 hours before the marathon start)
  • Background Mode (Owners can earn income in GST tokens just by having one pair of sneakers. The background mode works even if the application is disabled, without reducing the endurance of the sneakers).

The NFTs have a different quality, attributes and Gem Socket. The update is done by burning GST tokens.  Attribute points and NFT Gems can be added to improve performance.

Users can mint a sneaker box aka Shoebox by putting two sneakers together. As a result, an owner of a Shoebox will receive a random NFT Sneaker.

Utilizing the built-in NFT Marketplace, users can trade everything they have: Sneaker, Shoebox, Gems, and also rent NFTs if necessary.

By using Swap, users of the mobile app can exchange tokens for other cryptocurrencies, and also deposit their tokens and NFTs to the built-in Wallet.

The STEPN app may charge small fees for trading NFT sneakers, minting and renting. However, most of the income is earned by platform users. Part of the profits goes to the purchase of Carbon Removal Credit — support for carbon neutrality (a state of net-zero carbon dioxide emissions).

2022 Roadmap

gst

GST Technical Data

Token Metrics

Token Allocation

GST has an unlimited supply and it is earned when a user moves in Solo or Background Mode.

To provide liquidity, 60,000,000 GST were created;

20,000,000 GST (SPL) and 20,000,000 GST (BEP20) were minted and added to Orca, Raydium and PancakeSwap’s liquidity pool.

10,000,000 GST (SPL) and 10,000,000 GST (BEP20) were created and locked in Binance to serve the purpose of cross-chain bridge between Solana and BNBChain.

Token Sale

Updating.

Token Release Schedule

Updating.

Token Use Case

  • Shoe-Minting
  • Repair
  • Leveling up Sneakers
  • Gems upgrade
  • Unlocking Socket

Backers

STEPN Team

image 35

Partners

Updating.

STEPN Investors

image 36

Conclusion

STEPN’s popularity has been surging in 2022. It’s a Web3 lifestyle app with Social-Fi and Game-Fi elements. Users equipped with their NFT Sneakers can walk, jog or run outdoors to earn GST, which then can be used to level up to mint new Sneakers. Players can choose to rent or sell their NFT Sneakers on the in-app Marketplace. STEPN users’ GST earnings are stored in the in-app Wallet, which has a built-in Swap function.

To find more information aboutStepN

Website: //stepn.com/

Whitepaper: //stepn.com/litePaper

Twitter: //twitter.com/Stepnofficial

Discord: //discord.com/invite/stepn

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