STEPN (Cryptocurrency GMT): The Trailblazer of Move-to-Earn

What Is STEPN?

STEPN is an innovative Move-to-Earn platform founded in August 2021 by SatoshiLabs, a blockchain development company headquartered in Prague. The project is spearheaded by co-founders Jerry Huang and Yawn Rong, Chief Strategy Officer (CSO) Jessica Duan, and Lead Designer Ryan Turner.

STEPN’s achievements stem from its outstanding team composition and strategic alliances. Industry leaders such as William Robinson, a core contributor to DeFi Alliance, and Jason Kam, founder of Folius Ventures, serve as prominent advisors. Major venture capital firms—including Sequoia, Solana Ventures, and Alameda Research—have invested in STEPN, highlighting its strong viability and growth prospects.

Overview of the STEPN Platform

STEPN utilizes the powerful infrastructure of the Solana blockchain to deliver ultra-fast transactions and low NFT fees. The platform stands out by linking physical exercise to digital assets.

With the STEPN app, users can equip NFT sneakers and participate in outdoor activities like jogging, running, and walking. These NFT sneakers are freely tradable on the platform’s marketplace, and their value depends on rarity and level. This model allows users to convert physical activity into real economic value.

Token System and Reward Mechanism

STEPN features a dual-token system, comprising two native tokens, including the GMT cryptocurrency. The first, GST (Green Satoshi Token), serves as the primary reward for users’ daily exercise. Users earn GST by jogging or walking.

Originally, STEPN users could only earn GST. However, with a major platform update, users whose NFT sneakers reach level 30 can switch from "GST Earning Mode" to "GMT Earning Mode." This enables them to earn GMT tokens directly within the app, unlocking higher-value rewards.

This token design offers a progressive and attractive rewards structure for all users, from early adopters to long-term participants. By leveraging both GST and GMT, STEPN maintains a stable and sustainable in-platform economy.

Conclusion

STEPN has redefined everyday physical activity—once devoid of monetary value—into a new Move-to-Earn economic model through blockchain and NFTs. Backed by top-tier venture capital and a top-performing team, STEPN is more than a passing trend; it stands as a vital part of the Web3 economy. Through its dual-token system and tiered rewards, including the GMT cryptocurrency, users can consistently exercise and realize tangible economic gains. STEPN’s evolution demonstrates the deep integration of blockchain into daily life and signals a new paradigm for future Web3 projects.

FAQ

What is GMT as a cryptocurrency?

GMT is the governance token used within STEPN. Users purchase NFT sneakers and earn tokens by moving in the real world. This utility token also grants voting rights for platform governance.

What is the future outlook and price forecast for GMT?

GMT shows substantial growth potential. By 2029, it is forecasted to reach up to $0.061599. As the Move-to-Earn ecosystem expands and the user base grows, long-term value appreciation is expected.