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SOCIAL FINANCE, GAMEFI
STEPN is a mobile app that rewards users with tokens for exercising and moving outdoors.
It is built on the Solana blockchain, which enables fast, scalable and low-cost transactions. STEPN aims to nudge millions of people into healthier lifestyles and bring them to the Web3 world, while also contributing to carbon neutrality.
Keywords: What’s STEPN? How Does STEPN Work? Founder and Team of STEPN Updates of STEPN in 2023 Partnerships of STEPN in 2023 Tokenomics of GMT Coin Roadmap of STEPN in 2024
STEPN is a smartphone app that lets users earn money by walking, jogging or running for a limited time period that refreshes every 24 hours.
Users can wear NFT sneakers, which are digital collectibles with unique attributes and designs, to enhance their performance and earnings. Users can also interact with other users, join challenges, trade NFTs and access various Web3 services within the app.
STEPN is powered by two tokens: the Green Satoshi token (GST) and the Green Metaverse Token (GMT). GST is the game’s utility token, which has an unlimited supply and can be earned by exercising, completing tasks, referring friends and more. GMT is the governance token, which has a fixed supply of 6 billion and can be used to vote on the app’s development, access premium features and stake for rewards.
To use STEPN, users need to download the app and sign up with their email address. Then, they need to connect their wallets to explore the STEPN cryptocurrency.
Users can buy NFT sneakers with Solana’s native SOL token and use them to exercise. Each NFT sneaker has a certain amount of energy, which determines how long a user can exercise with it.
The energy replenishes after 24 hours. The attributes of the NFT sneaker, such as resilience, efficiency and comfort, affect its energy cap and earning potential.
Users can earn GST by exercising with their NFT sneakers. The amount of GST earned depends on the distance, speed, duration and difficulty of the…
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