Home NFTs What is STEPN NFT Sneakers, GMT

What is STEPN NFT Sneakers, GMT

118

What is STEPN NFT and why the sudden hype around GMT Step-to-earn sneakers and token? Here is all you need to know about STEPN.

What is STEPN NFT?

Screenshot, Stepn logo

Founded: 2021

Founder: Findsatoshi Lab Ltd.

So, you’ve been hearing about STEPN NFT or GMT token.

STEPN happens to be the very first Web3 NFT game that requires you to move around (walking or running) and get rewarded.

The more you step, the more tokens you earn daily.

STEPN was created by fintech studio Find Satoshi Lab, currently is based in Australia.

With Game-Fi, STEPN is said to motivate millions toward a healthier lifestyle, while combating climate change in the process and connect the public to Web 3.0.

How does STEPN Work?

STEPN is a Solana blockchain-based NFT game application that has carved out a Niche for itself in the health and lifestyle industry.

STEPN focuses on healthy living and also dubs as a Game-Fi and Social-Fi token.

Once you register on STEPN, you buy or rent your trainers and start running or walking indoor or outdoor.

The more steps you take, the more points you earn as a GMT Token which can be withdrawn and sold.

Stepn NFT Sneakers

You need an NFT sneakers connected to your STEPN account as you jog or walk to earn Green Satoshi Tokens (GST).

There is no caps to how much you can earn using STEPN app – your type of sneakers, jog duration and efficiency will determine how much you earn.

Sneakers start off at 9 SOL, which is equivalent to about $490 dollars as at the time of writing.

There is a whole lot of possibilities like in-game rewards and daily energy allowances can be earned daily.

Stepn Crypto GST and GMT

There are two coins or token used on the STEPN app and they are GMT and GST.

  • STEPN (GMT) dubs as a governance token that currently has a maximum supply of 6 billion. Holders of GMT can stake it and vote on STEPN governance.

You get paid using GMT as applicable to STEPN users who have sneakers level 30 or higher.

  • Green Satoshi Token (GST) dubs as a utility token. It’s minted daily and paid to STEPN users. GST has infinity supply and not suitable for investment but utilities.

How to download STEPN on Android

You can easily download STEPN on Google Play store by following the below listed steps.

Screenshot, Google Play Store
  • Visit Google Play store and search for STEPN or click here
  • Click Install and allow page to Load
  • Open your STEPN app and setup your account
  • Select your preferences and Sneakers to start jogging

How to download STEPN on iOS

Screenshot (Apple App store)
  • Visit Apple App store and search for STEPN or click here
  • Click Install and allow app to Load
  • Open your STEPN app and setup your account
  • Select your preferences and Sneakers to start jogging

STEPN Activation Code

Stepn activation code will be sent to you to confirm and activate your account.

All accounts must be manually activated before use which can be done via email or other means of activation to receive your STEPN code.

There are some activation questions on the portal that could give you a better understanding of what STEPN is.

How to earn GST using STEPN Sneakers?

You can earn GST, GMT and some achievement points on the STEPN app and network.

  • Choose a Sneaker that matches your fitness level
  • Find a Sneaker from the STEPN IN-APP marketplace
  • View details and purchase using Solana native token SOL
  • Equip your STEPN sneakers and commence your outdoor activities
  • Step and earn token and points

How to get Started with STEPN?

  1. Download the STEPN app to get started
  2. Sign-up for STEPN just after you’ve installed the app and you will receive your verification code.
  3. Create a new STEPN Wallet just under the icon on the top right corner of the screen which will generate a 12-word secret phrase which also dubs as your recovery code
  4. Transfer some SOL into your in-app Wallet to buy NFT Sneakers in the Marketplace.
  5. Purchase your desires Sneaker on the in-app Marketplace and pick out a Sneaker! Ensure you have enough SOL for the purchase.

Related to Stepn