What is StepN (GMT)
StepN is a Move-to-Earn health and fitness application. Users equipped with Sneaker NFT can move outdoors to earn tokens and NFT rewards.
StepN has a built-in wallet, swap, marketplace, and RNPL (Rent Now Pay Later) system to make StepN a bridge between crypto and non-crypto users.
StepN has a dual-token system, a game token – Green Satoshi Token (GST) and a governance token – Green Metaverse Token (GMT).
GMT is the native governance token of STEPN and has the following use cases:
- Governance: Stake to participate in governance, the longer the locking period, the higher the voting power.
- Profit distribution: GMT holders own the treasury and can vote to decide the distribution of net profit.
- Accrual of protocol revenue: GMT is burned to access in-app features, such as sneaker upgrades and minting of new sneakers.
StepN has raised 5MM USD from Sequoia Capital and other leading Web3 investors, where 16.30% of the GMT total token supply has been sold at 0.005 USD/GMT.
IEO (Binance Launchpad): Mar 09, 2022 – Mar 09, 2022
Pre-sale token supply: 978,000,000 GMT
Token supply: 6,000,000,000 GMT
Total tokens for sale: 1,398,000,000 GMT
Hard cap: 9,200,000 USD
Raised: 5,000,000 USD
Blockchain Platform: Solana
Registration year: 2021
Token standard: SPL
Token price in USD: 1 GMT = 0,01 USD
Accepted currencies: BNB
16,3% – Private Sale
30% – Ecosystem
30% – Move & Earn
14,2% – Team
2,5% – Advisory
7% – Public Sale