STEPN GMT is a project based on the Solana blockchain that is part of the context of Social-Fi and Game-Fi. It’s a ‘move-to-earn’ app that encourages users to stay active and healthy, allowing them to earn GMT by walking, running or jogging outdoors. GMT, or Green Metaverse Token, is STEPN’s governance token, used to vote on projects and buy merchandise from the
STEPN app.
Table of Contents:
How do you earn GMT?
Earning GMT is similar to mining Bitcoin:
- Level 30 sneakers earn GMT.
- There is a reduction in the amount of GMT issued every two years from the start of the gain.
- Similar to hash rates on Bitcoin, GMT’s gain changes based on the number of users.
- There are various GMT earning pools depending on the type of sneaker and the level of comfort.
What Is the GMT Token Used For?
- GMT is a governance token used to distribute game profits among users.
- GMT is earned by participating in activities on the STEPN platform.
- Unlike GST, which is used for sneaker repairs on STEPN, GMT is used to level up.
- GMT intervenes when a user wants to change the name of the sneakers owned.
- GMT is also used for coining new sneakers and for updating.
- With GMT, users can access multiple features in the STEPN app.
When Will GMT Reach 1 Dollar?
To reach $1, GMT must increase 4 times. With an increase of 25% per year, GMT could reach $1 in about 7 years.
When Will GMT Reach 10 Dollars?
To reach $10, GMT must increase 40 times. This could happen in about 17 years with an annual increase of 25%
.
When Will GMT Reach 100 Dollars?
For GMT to reach $100, about 95% of the tokens would have to be destroyed. This would require a 400-fold growth, bringing the market capitalization to approximately $194.15 billion, a goal
considered not feasible in the current environment.
When Will GMT Reach 1000 Dollars?
Reaching $1000 per GMT would mean a 4002-fold increase, bringing the market capitalization to around $1.94 trillion. This is considered highly unlikely.
Is GMT Considered a Good Investment?
In the long term, GMT could be considered a good investment thanks to its clear applications. However, the high level of competition in the sneaker industry and a community that is less active than others can represent significant obstacles
.
GMT 2024-2030 Price Forecasts
Here is a table that summarizes the price forecasts for GMT from 2024 to 2030 based on current market trends.
| Anno | Price Prediction (USD) |
|---|---|
| 2024 | $0.417 |
| 2025 | $0.620 |
| 2026 | $0.839 |
| 2027 | $1.08 |
| 2028 | $1.46 |
| 2029 | $1.99 |
| 2030 | $2.95 |
Note: These forecasts are estimates based on market analysis and should not be considered as financial advice. It is always recommended that you consult a financial advisor for informed decisions
.
