We are thrilled to share that STEPN (GMT) is now listed on Coinhako!
What are STEPN and GMT?
STEPN is a combination of a fitness application and a play-to-earn game originally built on the Solana blockchain that leverages a concept known as "move-to-earn." To participate, users purchase Non-Fungible Token (NFT) sneakers used to receive the in-game compensation. Users can earn said compensation by engaging in physical activities such as walking, running, or jogging.
GMT is the STEPN governance token used to level up sneaker sets and provides access to premium game content. Holding GMT offers several benefits such as improving chances of receiving extra sneakers when minting and enabling redistribution of attribute points.
There is a total supply of 5,372,330,570 GMT and it has traded for $4.11 at its peak.
How does STEPN work?
Users have to download the STEPN app, connect their wallets and purchase NFTs in the form of sneakers to participate in STEPN's Game-Fi system. There are two tokens in the STEPN ecosystem: the Green Satoshi token (GST) is the game’s utility token, which has an unlimited supply, and the Green Metaverse Token (GMT) is the governance token.
There are 3 STEPN gameplay features, the solo, marathon and background modes that users can access to earn money and freely participate in the game. Users wearing NFT sneakers can earn GST by walking, jogging or running outside. GST can be used to mint new sneakers or level up in the game. On the in-app marketplace, players can lease or sell their NFT sneakers, and their GST revenues are saved in the in-app wallet, which features a built-in swap function.
Why does STEPN stand out?
STEPN is a move-to-earn crypto app with Social-Fi and Game-Fi elements. Its Game-Fi aspect aims to encourage users to live healthily and engage with Web3, while the Social-Fi component creates a platform for user-generated Web3 content. STEPN's dual-token model serves utility and fundraising needs, with a token burn mechanism to promote healthy lifestyles by reducing GMT and GST token circulation through in-app actions.
What can you do with GMT on Coinhako?
We are thrilled to share that STEPN (GMT) is now listed on Coinhako!
What are STEPN and GMT?
STEPN is a combination of a fitness application and a play-to-earn game originally built on the Solana blockchain that leverages a concept known as "move-to-earn." To participate, users purchase Non-Fungible Token (NFT) sneakers used to receive the in-game compensation. Users can earn said compensation by engaging in physical activities such as walking, running, or jogging.
GMT is the STEPN governance token used to level up sneaker sets and provides access to premium game content. Holding GMT offers several benefits such as improving chances of receiving extra sneakers when minting and enabling redistribution of attribute points.
There is a total supply of 5,372,330,570 GMT and it has traded for $4.11 at its peak.
🚀 View GMT prices on Coinhako now
How does STEPN work?
Users have to download the STEPN app, connect their wallets and purchase NFTs in the form of sneakers to participate in STEPN's Game-Fi system. There are two tokens in the STEPN ecosystem: the Green Satoshi token (GST) is the game’s utility token, which has an unlimited supply, and the Green Metaverse Token (GMT) is the governance token.
There are 3 STEPN gameplay features, the solo, marathon and background modes that users can access to earn money and freely participate in the game. Users wearing NFT sneakers can earn GST by walking, jogging or running outside. GST can be used to mint new sneakers or level up in the game. On the in-app marketplace, players can lease or sell their NFT sneakers, and their GST revenues are saved in the in-app wallet, which features a built-in swap function.
Why does STEPN stand out?
STEPN is a move-to-earn crypto app with Social-Fi and Game-Fi elements. Its Game-Fi aspect aims to encourage users to live healthily and engage with Web3, while the Social-Fi component creates a platform for user-generated Web3 content. STEPN's dual-token model serves utility and fundraising needs, with a token burn mechanism to promote healthy lifestyles by reducing GMT and GST token circulation through in-app actions.
What can you do with GMT on Coinhako?
GMT will be available for users to trade across all swap pairs on Coinhako.
To gain access to any of these trading pairs, you can either:
- Fund your SGD wallet on Coinhako instantly with PayNow (or any other supported payment method)
- Purchase GMT instantly with Visa / Mastercard
Please note that the sending and receiving of GMT will not be available for this release.
Risk Warning on Digital Payment Token Services
Hako Technology Pte Ltd ("Coinhako") is licensed to provide digital payment token services under the Payment Services Act 2019 (No. 2 of 2019).
The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of a digital payment token ("DPT") service provider.
Before you pay your DPT service provider any money or DPT, you should be aware of the following.
- Your DPT service provider is licensed by MAS to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
- You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.
- You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
- You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.
Visit: Coinhako.com/risk-disclosure for more information.
GMT will be available for users to trade across all swap pairs on Coinhako.
To gain access to any of these trading pairs, you can either:
- Fund your SGD wallet on Coinhako instantly with PayNow (or any other supported payment method)
- Purchase GMT instantly with Visa / Mastercard
Please note that the sending and receiving of GMT will not be available for this release.
Risk Warning on Digital Payment Token Services
Hako Technology Pte Ltd ("Coinhako") is licensed to provide digital payment token services under the Payment Services Act 2019 (No. 2 of 2019).
The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of a digital payment token ("DPT") service provider.
Before you pay your DPT service provider any money or DPT, you should be aware of the following.
- Your DPT service provider is licensed by MAS to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
- You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.
- You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
- You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.
Visit: Coinhako.com/risk-disclosure for more information.