Move to earn Sneaker NFTs

Sneaker NFTs and the movement to gain hype

Everyone is healthy and earning money – forget about playing to win, now you can move to earn Green Satoshi Tokens (GST) with an NFT sneaker.

The latest craze started with the launch of the STEPN app and website. It has become one of the most downloaded apps on the App Store, and the governance token GMT (Green Metaverse Token) is currently the most trending crypto on Coinmarketcapup more than 10% today and 2,000% since early March.

But what is STEPN, what are GMT and GST and how do you make money running?

STEPN GMT Token

STEPN (GMT) is the most trending crypto

What is STEPN?

STEPN is the brainchild of an Australia-based Fintech company Find the Satoshi Lab.

According to the official Stepn.com website, STEPN (also known as StepN) is a “Web 3.0 lifestyle app with SocialFi and GameFi elements” – its players can earn money by running, jogging or simply by walking outdoors as long as they have a GPS connection on their mobile phone, and own an NFT sneaker.

The move-to-earn concept was born in August 2021 and STEPN started to attract attention from media like Yahoo Finance in December, who called it “the first Move2Earn mobile NFT gaming platform”.

Founder and CEO Yawn Rong commented:

“We are proud to reveal the potential of what individuals can achieve with their fitness goals using crypto as an incentive. With STEPN, we are one step closer to our mission to empower players to take control of their health by making move2earn simpler and more accessible.

NFT games, crypto games and P2E games have exploded in 2022 – how this latest addition works is that people want to get in shape, buy an NFT sneaker, start dating their phones and be rewarded with crypto.

What is an NFT Sneaker?

Just as the Axie Infinity game had an inexpensive barrier to entry, so does STEPN.

To play, runners must first purchase a pair of training shoes represented by an NFT – a non-fungible tokenized sneaker. As STEPN is powered by Solana, NFT sneakers can be purchased with SOL on a Solana NFT marketplace called Magic Eden.

STEPN Sneaker NFT

An NFT sneaker will cost you at least 12 SOL (around $1280)

The catch is that the floor price of a STEPN NFT sneaker has already exceeded 10 SOL – it is currently 12 SOL, and the price of Solana is $107 a piece. So right off the bat you have to spend over $1200 just to play STEPN.

Of course, one day you may be able to retire and flip your NFT sneaker for a profit – some users even mint multiple NFT sneakers in the hope that they will be a good investment as the STEPN app gains traction. popularity.

Some NFT sneakers are on sale at a price well above the floor price. Some entrepreneurial investors even hire teams of racers to race – and earn GST and GMT tokens – for them.

NFT sneakers come in four different types depending on the fitness level of the user – walker, jogger, runner and trainer, and all have different stats and attributes (efficiency, comfort, resilience and more) as you would expect from NFTs. .

What are TPS and GMT coins?

The STEPN gaming token is GST – currently a green Satoshi token is worth around $4.45.

GST tokens are used for certain in-game activities, such as upgrading and repairing your NFT sneakers, and crafting new sneakers.

GMT, or Green Metaverse Token, is the governance token and can only be earned by users of a certain level. A GMT token is worth around $3.70.

Play around with a STEPN income calculator here.

GMT prices

Will Coinbase list GMT? It is probable

The GMT token – which you can buy spot or open long margin through the Bybit exchange as it has a GMT/USDT perpetual futures pair – is up over 2000% in just over a month, making the new project one of the best altcoins of 2022.

GMT is also listed on Binance, and Binance Labs, the “venture capital and innovation arm of Binance,” has announced that it will invest in STEPN.

Bill Qian, Head of Binance Labs, commented:

‘While ‘Move to Earn’ participates in the Web 3 trend, STEPN contributes to the rapid growth of its users. We believe gamification of exercise can bring more people into the industry, accelerating the mass adoption of crypto and blockchain technology.

GMT tokens have a built-in burning mechanism to reduce the circulating supply over time. The total supply of GMT is six billion tokens, and currently 10% is in the circulating supply. The GST has an unlimited supply.

Judging by what AXS did when it became popular, the GMT price could easily continue to pump past $5. It is not yet listed on Coinbase, another reason why it continues to increase its valuation in anticipation of this.

Since GMT is one of the most popular cryptos to buy right now, we expect Coinbase to list it as it did for ApeCoin.


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