StepN (GMT)

StepN is a move2earn NFT Game-Fi project on mobile devices that aims to help millions of runners to adapt Web 3.0 and at the same time, slow down global warming through on chain governance.

Whitepaper Onepager

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What is StepN

StepN is a Move-to-Earn health and fitness application. Users equipped with Sneaker NFT can move outdoors to earn tokens and NFT rewards. StepN has a built-in wallet, swap, marketplace, and RNPL (Rent Now Pay Later) system to make StepN a bridge between crypto and non-crypto users. StepN has a dual-token system, a game token - Green Satoshi Token (GST) and a governance token - Green Metaverse Token (GMT). GMT is the native governance token of STEPN and has the following use cases:

• Governance: Stake to participate in governance, the longer the locking period, the higher the voting power.
• Profit distribution: GMT holders own the treasury and can vote to decide the distribution of net profit.
• Accrual of protocol revenue: GMT is burned to access in-app features, such as sneaker upgrades and minting of new sneakers.

StepN has raised 5MM USD from Sequoia Capital and other leading Web3 investors, where 16.30% of the GMT total token supply has been sold at 0.005 USD/GMT.