STEPN, a move-to-earn fitness app is making headlines after early investors made more than 100x returns in 4 months! This is all thanks to the incredible price performance of its governance token $GMT (Green Metaverse Token). For perspective, the token was priced at USD 0.005 during its private sale in January this year. At the time of writing, $GMT is already trading at USD 0.6893, translating to a whopping 137x gains.
About STEPN – the Move to Earn App
STEPN is a Solana-based, move-to-earn running app that incentivizes users to pursue a healthy, active lifestyle. The app attracted user downloads from 85 countries since launched in late Dec 2021. Users only need to select suitable Sneakers NFT, then walk, run or jog outdoors to earn $GST (Green Satoshi Token). If users wish to, they can always mint higher quality NFT Sneakers or upgrade their NFTs with Gems, using $GMT.
STEPN to scale up Move to Earn in a Sustainable Manner
While there is overwhelming support for the app, STEPN is very much focused on scaling up its user base. They expect to achieve this by introducing a Sneaker rental system for those who can’t afford an NFT. Additionally, the team will introduce a Credit System, whereby renters are required to complete a set of quizzes to increase their credit rating. This will help ensure that the renters understand the app’s functionality, before allowing them to rent any Sneakers.
Furthermore, carbon offsetting efforts are also on the cards. $GMT stakers will soon get to vote on the Treasury’s allocations for Carbon Removal Credit purchases on the Blockchain.
To sum it up, STEPN’s gamified approach to fitness has been well received by the Web 3.0 community. You can learn more about STEPN by visiting their official website and reading the Whitepaper. For the latest updates, feel free to follow their social media outlets.