STEPN Green Metaverse Token Gains Over 40% This Week
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Green Metaverse Token (GMT), the native cryptocurrency of the STEPN move-to-earn platform, rose more than 40% this week, with a 24-hour trading volume of more than $672 million.
This is according to data available on CoinGecko, which shows GMT showing strong momentum by breaking through multiple resistance levels. The token is currently trading at around $0.43, with a 24-hour trading volume of $672,452,095.
The recent increase in GMT price can be attributed to the launch of the STEPN app, which encourages users to adopt an active lifestyle while earning cryptocurrency rewards.
Users can purchase NFT sneakers and use them to earn in-game tokens while jogging, walking or running. As they move, they accumulate in-game tokens, primarily GST and GMT.
The GMT token acts as a governance token and provides additional earning potential. Users can use GMT to change the name of their sneakers or upgrade to a higher position. Additionally, use GMT to access premium gaming content or premium campaigns and profits.
Groundbreaking “Move-to-Earn” in GameFi
Green Metaverse Token (GMT) is the native asset of the blockchain-based fitness application STEPN. The app encourages users to adopt an active lifestyle while earning cryptocurrency rewards.
In the GameFi space, STEPN stands out from the growing competition by offering enhanced functionality.
In addition to the traditional “Play and Earn” feature, STEPN also introduces a unique “Mobile and Earn” category that allows users to earn tokens by participating in fitness activities.
STEPN is positioned as a Web3 lifestyle application that promotes a healthy lifestyle by seamlessly integrating gaming and fitness elements.
Key components of the platform adapt to individual preferences, effectively blending gaming and fitness. By combining financial and social rewards, STEPN aims to maximize user engagement while minimizing carbon emissions. Fitness gamification is STEPN’s main competitive advantage over other crypto projects in the field.
The supply of GMT tokens is limited to 6 billion, and the circulating supply of the token is 1.4 billion.
