What Is STEPN | STEPN Move to Earn | STEPN Explained
Crypto Explainer
What Is STEPN | STEPN Move to Earn | STEPN Explained🔥
STEPN (GMT) is a crypto token using the Solana (SOL) blockchain. Experts say that the massive uptrend in GMT price has been due to the hype surrounding DeFI projects that reward users with tokens for staying active.
STEPN rewards users for walking, jogging or running! Some of the top rivals of GMT are Genets (GENE) and dotmoovs (MOOV). The prices of all these tokens have jumped recently. As per the data on CoinMarketCap, the total market capitalisation of STEPN token has crossed $2 billion. It is also now the 53rd largest crypto in terms of market capitalisation, and constitutes 0.12% of the total crypto market value. How STEPN works? STEPN offers NFT sneakers on its in-app marketplace. By being these NFT Sneakers, users get to play STEPN, which in turn allows them to earn the in-game Green Satoshi Token (GST). Users can later trade the GST reward for SOL or USDC. STEPN’s official website says users can make “handsome earnings” by simply walking, jogging or running outdoors”. The company said it will be using the “profit to buy back and burn GMT on-chain from secondary market.”
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⏰Timestamps⏰
00:00 Intro 00:23 What is STEPN 00:51 How STEPN works 01:20 Pricing Details 02:06 GMT Market 02:17 Final Words ... https://www.youtube.com/watch?v=SkiUz3Ob_ME
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