As we know, STEPN is a move-to-earn project but as of now the owner of the shoes could earn GST only if the owner moves now STEPN has introduced a rental service that will become life in September.
With this feature, the owner of the Sneaker can rent the shoes and in return, the owner will be able to earn GST when the one who rented the sneaker moves.
Table of Contents:
What Is Green Metaverse Token or GMT?
Green Metaverse Token or GMT is STEPN’s governance token. It is a “move-to-earn” health and fitness application token. GMT allows its users to vote for projects and also to purchase merchandise from the STEPN app.
Some facts about the green metaverse token
- Green Metaverse Token or GMT is the main token behind the Stepn project.
- There is a limited supply of GMT tokens which is that there are only 6 billion GMT tokens in circulation.
- 16.30% of the total supply of tokens is intended for private sale.
- 7.00% of the total token supply is for Binance Launchpad Sale.
- 14.20% of the total token supply is allocated to the STEPN team.
- 2.50% of the total token supply is allocated to consultants.
- 30.00% of the total token supply is for the Ecosystem/Treasury.
- 30.00% of the total token supply is used as a move-to-earn token.
- With GMT tokens, users can participate in governance to increase their voting power.
Will STEPN go up or down in the next 24 hours?
- In the last 24 hours, there has been a drop in the price of GMT, but the trading volume has decreased. This has become one of the important factors that keep the GMT price below $1.
- Social media sentiment for GMT remains negative with the lowest buzz.
- Google’s search volume for GMT is lower.
- The technical recommendation is Buy.
- The overall market capitalization has increased.
Overall, the momentum is bearish.
GMT Price Prediction: How Could GMT Gain Work?
#STEPN: Originally tweeted by Col Jung (@col_jung) on August 8, 2022.
- 1/ Inspired by bitcoin, the release of $GMT will follow an exponential (daily) decay pattern. Total supply limit: 6 billion GMT. 2.5% is expected to be released for earnings by January 2023 (Litepaper). That’s 150 million GMT tokens for players.
- 2/ Key Point: Players earning LV30 GMT will compete for a limited pool of $GMT each day. The pool gets smaller every day (supply decreases) and more “LV30 players” will join every day (increased demand).
- 3/ This means *drum roll*: players with shoes ready for the $GMT on day 1 will have a substantial advantage. Bigger loot, less looters. GMT earnings could be published in Q3, Q4 or 2023. Whenever. Pending market conditions and GMT burning status.
Gmt Price Prediction: Volume and Market Capitalization
| date | volume | Market capitalization | |
| 30 September | $83 million | $384 million | |
| September 1 | $101 million | $409 million | |
| August 1 | $228 million | $572 million | |
| July 1 | $333 million | $486 million | |
| June 1 | $852 million | $611 million | |
| May 1 | $1.35 billion | $2.07 billion |
STEPN Price Prediction 2022
| Maximum prediction | ||
| Average STEPN Price Prediction 2022 | $0.79 |
GMT Price Forecast: Market Capitalization and Trading Volume
| value | tendency | |
| Market capitalization ranking | #88 | lower |
| Overall market capitalization | $385 million | superior |
| Trading Volume | $68.5 million | lower |
What Is Stepn?
Stepn is a move-to-earn project built on Social-Fi and Game-Fi elements. It is powered by the Solana blockchain. Players can earn GMT by walking, running or jogging outdoors. The main reason for STEPN is to inspire users to adopt a healthy lifestyle and also to help users make money by adopting a healthy lifestyle.
Here are some facts about STPEN:
- STEPN was developed by Find Satoshi Lab, an Australian fintech company.
- Jerry Huang and Yawn Rong are the co-founders of STEPN (GMT).
- Major investors in the STEPN project include Solana Capital, DeFi Alliance, MorningStar Ventures, Sequoia Capital, etc.
- Stepn is in fact a fitness app similar to other activity tracking apps.
- Stepn can also be considered as the combination of augmented reality (AR) game and play-to-earn game.
- The rewards come in Stepn’s native cryptocurrency, the Green Satoshi Token or GST or Green Metaverse Token (GMT).
- Alchemy Pay a developer of crypto-fiat payments and ASICS the leading sports brand is working together with STEPN.
What Is Green Metaverse Token or GMT?
Green Metaverse Token or GMT is STEPN’s governance token. It is a “move-to-earn” health and fitness application token. GMT allows its users to vote for projects and also to purchase merchandise from the STEPN app.
Some facts about the green metaverse token
- Green Metaverse Token or GMT is the main token behind the Stepn project.
- There is a limited supply of GMT tokens which is that there are only 6 billion GMT tokens in circulation.
- 16.30% of the total supply of tokens is intended for private sale.
- 7.00% of the total token supply is for Binance Launchpad Sale.
- 14.20% of the total token supply is allocated to the STEPN team.
- 2.50% of the total token supply is allocated to consultants.
- 30.00% of the total token supply is for the Ecosystem/Treasury.
- 30.00% of the total token supply is used as a move-to-earn token.
- With GMT tokens, users can participate in governance to increase their voting power.
Performance in 2022
Green Metaverse Token remains one of the best performing cryptocurrencies in 2022, despite most cryptocurrencies trading lower. Green Metaverse Token was launched in March 2022 and the price of GMT was around $0.15. However, there has been a massive surge in the price of GMT and despite losing a major part from its all-time high of $4.11, GMT is still trading in green on the YTD chart. Here is a detailed analysis of GMT prices in 2022:
March 2022: On March 9, Green Metaverse Token debuted with a base price of $0.1536, and GMT’s overall market cap was $81 million. Shortly after its launch, the price of the Green Metaverse Token began to rise, and on March 20 the price of GMT was above $0.70. The surge in the gmt price continued and soon the GMT price was above $1 and the GMT market cap was more than $683 million, which was over $600 million more than the market cap value at its launch.
At the end of March 2022, GMT’s overall market cap was more than $1 billion. The price of GMT on the last day of March 2022 was over $2.5.
April 2022: The surge in the price of the Green Metaverse Token continued throughout the month of April 2022. April was the month when most of the cryptocurrency was traded lower, but the GMT price rose. In the first week of April 2022, the price of GMT remained below $2.5. Even in the second week the price failed to break into $2.5. On April 17, GMT breached $2.5, and on April 20 the price went over $3.5. Gmt’s market cap then reached over $2 billion. By the end of April 2022 the price of GMT touched $4, but quickly retreated to stabilize at over $3.5.
May 2022: May 2022 turned out to be one of the worst months for Green Metaverse Token. The decline in the GMT price began in May 2022. At the end of the first week of May, the price of GMT was already below $3 and was trading at just over $2.5. At the end of the second week of May 2022, the GMT price was slightly above $1.5.
For the rest of the month, the price of the Green Metaverse Token remained above $1, but in the last days of May 2022, the price of GMT plummeted below $1 and GMT’s overall market cap fell below $1 B. GMT closed May 2022 with a market cap of just over $700M.
June 2022: GMT did not make any improvement in June 2022. The GMT price fluctuated between $1.10 and below $1. At one point the price dropped below $0.60. At the end of June 2022, GMT was trading marginally over $0.80 and GMT’s overall market cap was slightly above $500 million.
July 2022: In July the price of GMT remained mostly below $1. Currently, the GMT price is hovering between $0.95 and $1.05.
How to buy STEPN (GMT)?
Buying STEPN like any other cryptocurrency requires similar steps to follow. The only difference will be the exchanges where STEPN is listed for trading.
Here are the steps to buy STEPN:
- Select the exchange or broker that provides Shiba Inu coin for trading
- Create your account with Exchange.
- Once you’ve created your account, verify your account using any of your ID cards.
- Link the account that will be used to fund the wallet.
- Once the account is linked, fund the wallet
- Buy STEPN coin using Added Funds.
Frequently asked questions
Will Stepn GMT go up?
In order for the price of any cryptocurrency to rise, market conditions must improve. The overall cryptocurrency market has been under severe strain in recent months and there have been no signs of improvement. Looking at the current situation there is almost no chance that the price of STEPN GMT will rise. However, if market conditions improve, there are chances that the price of STEPN GMT will rise again.
Is Stepn still a good investment?
It is not difficult to determine which investment is currently good. None of the cryptocurrencies are performing well and if the market condition is considered, none of the cryptocurrencies will be a safe investment. Now the question arises: should you invest in STEPN? If you have patience and are ready to join the market despite some losses, then STEPN will be a good investment. However, if you are looking for a quick profit, STEPN may not be a good investment at the current price.
How does STEPN GMT work?
Green Metaverse Token (GMT) is one of the two tokens of the house of STEPN. The other token is Green Satoshi Token. GMT’s offering is limited to 6 billion tokens. These green metaverse tokens can be earned by users by buying or selling GMT coins or by renting or renting NFT sneakers from the STEPN app.
Once you’ve rented NFT sneakers, you can earn in-game currency by jogging, walking, or running out, which can be cashed out for profit or used in-game. Once you start earning GMT tokens, you can exchange them for USDC. However, to trade GMT coins for USDC you need to reach the 30 level.
How does Stepn make money?
As we have mentioned, to earn GMT coins, a user must download the STEPN app and purchase NFT sneakers. Sneakers, which are non-fungible tokens (NFTs) and are tradable on secondary markets, already command high prices, ranging from $400 to $100,000. This helps STEPN make money.
Why do GMT tokens fall?
GMT is a governance token that provides users with a unique way to make money. However, like all other cryptocurrencies GMT is also listed on crypto exchanges where users buy and sell GMT tokens. As market conditions improve, investors flock to buy GMT tokens and as market conditions deteriorate, there is a mass sale in order to minimize the loss by investors. Therefore, the main reason for the fall in prices is the market condition that has been below expectations since the beginning of 2022.
