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1. Summary

Ranks

Liquidity

99

Developer

-

Social

99

Momentum (beta)

40

Stack Rank™

-

Price

$0.23 +0.8%

Market Cap

$588.76M (#170)

Supply

2.91B / 5.27B

Tags

Binance Smart Chain Ecosystem Solana Ecosystem NFT Gaming Polygon Ecosystem Play To Earn Ethereum Ecosystem BNB Chain Ecosystem Move To Earn Gaming (GameFi)

More Metrics

Price
52W High price	$0.40
52W High date	30th Mar 2024 (8 months ago)
All Time High (ATH) Date	28th Apr 2022 (2 years ago)
ATH Price	$4.11
% From ATH	-96.92%
All Time Low (ATL) Date	5th Aug 2024 (3 months ago)
ATL Price	$0.09
% From ATL	48.15%

Supply & Trading Volume
Trading Volume (24h)	$143.86M
Total Supply	5.27B
Max Supply	6.00B
Circulating Supply	2.91B

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Description

Overview

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Overview

STEPN is an innovative Web3 lifestyle app with significant Social-Fi and Game-Fi components. This pioneering application encourages users to engage in physical activities such as walking, jogging, or running outdoors. Users interact with STEPN by utilizing non-fungible token (NFT) sneakers that provide rewards based on the user's physical activity. STEPN operates on a dual-token system, which includes the Green Satoshi Token (GST) and the Green Metaverse Token (GMT).

GMT - Governance Token

GMT is the governance token of STEPN, which plays a crucial role in the app’s decision-making processes and has a limited supply of 6 billion tokens. Users buy and burn GMT tokens to access specific features within the app, such as upgrading high-quality sneakers or participating in governance voting. GMT initiates governance mechanisms, facilitating the democratic decision-making process within STEPN. Additionally, GMT distribution influences the allocation of net profit and protocol revenue accrual.

Functionality

STEPN integrates a marketplace where users can buy, sell, lease, or trade NFT sneakers and gems. Users can mint high-quality sneakers and upgrade gems using the GST token, which is the game's utility token and has an unlimited supply. The app features an in-app wallet with a swap function, ensuring seamless transactions. Users can engage with the app through various modes, including solo, marathon, and background modes, which provide different ways to earn tokens based on physical activity.

History

STEPN was created by Find Satoshi Lab, an Australian-based fintech studio that won the 2021 Solana Ignition Hackathon Gaming Track and is part of the DeFi Alliance Gaming cohort. STEPN raised $5 million in a seed round, which enabled the platform to take shape. It has grown significantly, motivating millions of users to adopt healthier lifestyles by integrating them with Web3 technology.

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