What is STEPN (GMT)
STEPN intends to inspire millions of people to lead healthier lives by bringing them into the Web3 era, while contributing to the achievement of carbon neutrality.
The project STEP was created by Satoshi Lab, an Australian fintech company. Jerry Huang and Yang Rong are the co-founders of STEPN, which is launched on the Solana (SOL) blockchain. The project is one of the winners of the Solana Ignition Hackathon Gaming Track.
It is also the first and only mobile game to win an award at the Hackathon. The game design, integrated marketplace, user-friendly user interface, wallet, and aim to encourage millions of newbie users to use cryptos were all appreciated by the Hackathon judges.
A funding round raised $5 million for the first Web3 running app. Leading investors have backed STEPN’s mission, including Solana Capital, DeFi Alliance, MorningStar Ventures, Sequoia Capital, and others.
The money will be used to help STEPN achieve its goal of motivating millions of people to adopt healthier lifestyles by connecting them to Web3.
STEPN – How does it work?
Users need to download the STEPN app. They must then use their email address to register and link their wallets after verification. They will virtually wear NFT shoes purchased in Solana (SOL). This digital shoe will track their physical activities and rewards.
The Green Satoshi Token (GST) is the utility token in the game, with an infinite supply, while the Green Metaverse Token (GMT) is the governance token in the STEPN ecosystem.