The evolution of crypto unfolded excellently, creating an avenue for several projects with or without a solid use-case to venture into the space. This got people thinking about how can a real-life problem be solved by creating a concept that will be beneficial monetarily and physically.
The introduction of Web3 significantly influenced how well to use cryptocurrency and the problem it can solve. It is essential to understand what web3 represents to grasp what STEPN means.
Web3 is the 3rd generation of advanced worldwide technology where an internet version of something can translate into a human-centered personalized performance.
What is STEPN?
STEPN is a Web3 Solana blockchain-based lifestyle project with built-in GameFi and SocialFi characteristics. The move2earn app STEPN debuted in December 2021 and had a grand launch. In essence, the software seeks to promote healthier lifestyle choices while reducing user carbon emissions.
Users can also browse user-generated Web3 material simultaneously thanks to STEPN’s SocialFi components. STEPN comprises a governance token – Green Metaverse Token (GMT), and a game token – Green Satoshi Token (GST).
An Introduction to STEPN
The launch of STEPN came with a lot of hype. For one thing, it was the first blockchain-based social network to integrate with SocialFi and GameFi. It also had a lot to offer users looking for ways to get more from their lives. The app allows users to earn rewards for taking steps or burning calories, converting them into GST tokens that can be used in-app.
Who are the Founders of the Projects?
The project is conceptualized by two prominent blockchain enthusiasts – Jerry Hong and Yawn Rong. STEPN is a project of Find Satoshi Lab, which the two co-founders own. The two entrepreneurs have extensive experience in the blockchain space and have founded several startups.
How Does it Work?
STEPN works in a fantastic way that makes users want to utilize it. There’s an NFT representation of sneakers readily available in the app store, which users wear digitally and generates earnings in (GST) while doing that.
Walking/Running: The average person walks about 2 miles per day. So if this is what any individual does most often–or even a little–users can earn extra tokens.
Cycling: Cycling provides another great way to get fit while earning STEPN tokens simultaneously.
STEPN Features and Updates?
STEPN has some features and updates, which are listed below:
Mobile App: This application is available on the iOS Play Store and Google Play Store; however, restriction to some countries is still a worry.
Move-2-Earn: STEPN is the first-ever launch project which rewards users for moving around. Users can equip themselves with the sneakers NFT that enables them to garner tokens during outdoor walks or runs.
Sneaker Rentage System: The app offers several sneakers for rent, where owners and users can split their earnings with each other.
Marketplace (NFT): An NFT marketplace is readily available for users to trade their NFT sneakers.
Decentralized Wallet (In-app): This feature enables users to make deposits and send cryptocurrencies into their wallets to fund their spending accounts on the app.
Swap (In-app): Users can swap the coins earned into other available cryptocurrencies.
Recent Updates
Health Points: STEPN recently updated its app with “STEPN Around The World: Sneaker Enhancement Special,” which coincides with this year’s International football competition. The in-app events were to celebrate users across the world.
Giveaways: One of the updates was released a few days ago about how to redeem a one-month membership on MOOAR. The requirement is for STEPN app users to reach a 500 energy level.
How can Crypto Investors use STEPN (GMT)?
There are a series of ways an investor can make use of STPEN (GMT). Investors can trade coins on several popular exchanges or through the STEPN app, and its unique features should pave the way for a convincing investment.
What Makes GMT Unique?
The project is the first-ever NFT game with a feature of a move2earn that rewards users for walking around or engaging in any physical activities.
STEPN (GMT) Price Predictions 2024-2035
STEPN (GMT) has garnered attention in the cryptocurrency market, especially within the context of the growing interest in the intersection of fitness, gaming, and blockchain technology. The following are the predicted prices for STEPN (GMT) for the years 2024, 2025, 2030, and 2035, along with a detailed analysis for each year.
Price Prediction Table
Year | Maximum Price | Average Price | Minimum Price |
---|---|---|---|
2024 | $4 | $2 | $0.8 |
2025 | $15 | $7 | $3 |
2030 | $40 | $15 | $20 |
2035 | $100 | $50 | $30 |
Detailed Yearly Predictions
2024
- Max: $4
- Avg: $2
- Min: $0.8
In 2024, STEPN is expected to see a significant increase in its price, potentially driven by the growing popularity of “move-to-earn” platforms and its integration with fitness and lifestyle applications. The project’s continuous development and potential new partnerships in the health and fitness sector could influence this growth. The average price reflects a solid market presence, while the minimum price suggests a stable base level of support.
2025
- Max: $15
- Avg: $7
- Min: $3
By 2025, STEPN could experience further growth, potentially attributed to its wider adoption in the mainstream market and continued technological advancements in blockchain and fitness gamification. The higher maximum price could be a result of significant collaborations with major brands in the fitness and apparel industry.
2030
- Max: $40
- Avg: $15
- Min: $20
The year 2030 could see STEPN becoming a major player in the lifestyle and fitness sector, particularly within the blockchain space. The maximum price indicates an optimistic future, possibly due to its established position in the market and continuous innovation. The minimum price suggests a strong foundational support in the investor community.
2035
- Max: $100
- Avg: $50
- Min: $30
By 2035, STEPN is predicted to reach new heights. This could be due to its potential long-term adoption and evolution as a leading platform in the “move-to-earn” category, integrating more advanced technological aspects such as AI and VR. The substantial average price indicates a stable and mature market presence.
How Can Crypto Investors Use STEPN (GMT)?
There are a few different ways in which crypto investors can use STEPN (GMT):
Buy and hold: One option is to buy GMT and hold onto it, hoping its value will increase over time. This can be a good strategy for investors who believe the STEPN project has long-term potential and want to accumulate as many tokens as possible.
Trade: Another option is to trade GMT on cryptocurrency exchanges, buying and selling the tokens as the price fluctuates. This can be a more active approach and requires more knowledge and understanding of the market.
Use The Platform: Investors can also use the STEPN platform to perform tasks and earn GMT tokens as payment. This can be an excellent way to “earn while you learn” and gain a deeper understanding of the platform while potentially earning additional token.
STEPN Buying Guide
Purchasing STEPN is a straightforward process, similar to acquiring other cryptocurrencies. It involves a few key steps:
- Choosing an Exchange: STEPN is available on several exchanges, including Gate.io, Binance, and MEXC. Select an exchange that best suits your needs in terms of fees, security, and user interface.
- Setting Up an Account: Once you’ve chosen an exchange, the next step is to set up an account. This will typically involve providing some personal information and going through a verification process.
- Selecting Payment Methods: After your account is set up and verified, you’ll need to link a payment method. Most exchanges accept bank transfers, credit cards, and sometimes even PayPal.
- Storing GMT Securely: After purchasing GMT, it’s essential to store it securely. While you can keep it in your exchange wallet, a more secure option is to transfer it to a private wallet, like a hardware wallet, especially if you’re planning to hold it long-term.
How Secure is GMT Token?
GMT token is a Solana-based project that hasn’t seen any crypto attacks lately. The crypto space has recently seen some uncertainty and backlash, but it all comes down to a prospective investor’s goal and objectives. Before deciding, it’s advisable to scour the market with a clear vision of what the project is supposed to accomplish.
With that said, STEPN is a fantastic project that should be worth a prospective investor’s time in deciding on your investment and financial goals. The investment can be worthwhile if an investor’s objectives align with the app’s mission. If the response is no, you should reconsider investing any hard-earned money in something of such.
Where can you buy GMT Tokens?
After the project’s launch, several exchanges were quick to list it. Among the exchanges where GMT can be traded are Binance, Kucoin, OKX, Gate.io, MEXC, Kraken, and others. There are also other DEXes where trading can take place.
Does STEPN Have a Future?
STEPN has shown significant potential in bridging fitness and blockchain technology. Its future seems promising, especially as it continues to innovate and expand its reach in the health and fitness sector. The success of STEPN will depend on its adaptability to user needs, technological advancements, and the overall growth of the “move-to-earn” model.
Will STEPN (GMT) Reach $100?
Based on the long-term predictions, STEPN (GMT) has the potential to reach $100, especially by the year 2035. This prediction is based on the assumption of its continued growth, technological advancements, and successful expansion in the global market.