Introducing the Green Metaverse Token: Uniting Sustainability and Digital Innovation!
While the majority of metaverse tokens seem to be down at the moment, one token seems to be the only rising star in the sea.
The Green Metaverse token has seen a massive rally over the past few months following its debut on the 9th of March 2022. Since then GMT has soared over 1500% which made it one of the leading tokens last year.
Powered by the Solana blockchain, GMT is the native token of Stepn. It offers major staking rewards and the ability to burn tokens as well.
Although the website still lacks more detailed information on the token, GMT’s debut on Binance seems to have caught the eye of many crypto traders and fitness enthusiasts alike.
The Green Metaverse Token paves the way for this transformative vision of a new system where every virtual transaction contributes to real-world environmental initiatives.
It does so by effectively utilizing Solana’s blockchain technology, and ensuring that every digital footprint leads to a greener, more sustainable future.
In my opinion, the Green Metaverse Token is more than just a digital currency; it’s a catalyst for positive change.
The Green Metaverse token uses the power of collective action and makes users participate in a global movement towards a cleaner planet. Whether you’re exploring virtual landscapes or engaging in virtual commerce, your every move has a real impact.
But what sets the Green Metaverse Token apart from other digital currencies?
It’s our unwavering commitment to environmental preservation.
It might sound cheesy but through strategic partnerships with leading conservation organizations, we channel a portion of every transaction towards reforestation, clean energy projects, and wildlife protection initiatives.
Together, we can make a tangible difference in the world we share and preserve it for the future generation.
What Is STEPN (GMT)?
Stepn is a web3 lifestyle app with Social-Fi and Game-Fi elements. It’s the first major move-to-earn project in which players can earnings by walking, jogging, or running outdoors. According to the official white paper, GMT allows close to 30% of total tokens to users, and another 30% of the ecosystem fund is reserved for community development programs and giveaways.
Then, about 16.3% is used for private sales, 7% for public sales, 2.5% for the advisory team, and 14.2% for the core team.
GMT token has a limited supply of 6 billion tokens and is available on leading exchanges and also backed by exchanges like Sequoia Capital, DEFI Alliance, and others.
Who Are the Founders of STEPN?
The founders of the GMT (Green Metaverse Token) token are the fintech studio Find Satoshi Lab, which established the platform in August 2021.
Following that, in September 2021, the core team of STEPN was formed.
STEPN is an Australia-based startup. The company offers a blockchain-based app currently and is headquartered in Adelaide, Australia.
It has received a total funding amount of $5 million and operates in the industries of apps, blockchain, fitness, and gaming.
On a personal note, Stepn’s Solana-based fitness app offers a new approach to tracking and incentivizing physical activities, fostering a healthier lifestyle for its users.
This is a very good idea for those who want to keep up with their healthy lifestyle by using a more hands-on method like a tracking app.
With this app, individuals striving for a healthy lifestyle can easily track their physical activities, set goals, and also receive rewards for their progress which will serve as a long motivation in the long run.
See also: 13 of the Best Web3 Applications in 2023
While putting that into consideration, the developers at Stepn should also realize that the fitness industry is highly competitive, with numerous established players and other startups offering similar solutions.
Stepn will need to differentiate itself and effectively market its unique features to gain a better edge.
Apart from the fact that it is a Move-to-Earn app, convincing users to adopt a new fitness app that embraces blockchain technology may pose challenges due for them due to existing user preferences, brand loyalty, and the learning curve associated with new technologies.
Why The Rush on STEPN?
Move-to-Earn apps are now becoming a craze because they provide users with a convenient way to make money through simple tasks and activities.
In other words, they offer flexibility in terms of when and where you can earn, allowing individuals to fit earning opportunities into their busy schedules.
It’s like a job where you get to decide your terms of work, how much time you work for, and how you get paid.
With these move-to-earn applications like the GMT token or Stepn, whether you’re commuting, waiting in line, or simply having spare time, they provide a means to use that time productively.
With Stepn, making money seems easy since you can earn the green metaverse tokens just by walking, jogging, and running to be used in-game or traded to USDC.
To use this app, you simply pick in-game sneakers that match your fitness level and workout type and instantly earn tokens and NFTs when working within the kilometer-per-hour zone of your chosen sneaker.
There are many sneakers to choose from on the marketplace which which makes it easier for people to find the perfect pair that matches their personal style, preferences, and budget.
Features of Move-To-Earn Applications
Here are some features of the basic move-to-earn applications available to try out:
- These apps typically offer a diverse range of tasks and activities that cater to different interests and skills. For example, taking surveys, testing apps, or completing small tasks like walking a specific length per day, etc.
- Many of them incorporate gamification elements to make the earning process more engaging and enjoyable. They introduce challenges, levels, and reward systems like earning points, virtual currencies, or gift cards, to give their gamers a feeling of satisfaction.
- They offer flexibility in terms of when and where you can earn, allowing individuals to fit earning opportunities into their busy schedules.
- For individuals seeking additional income streams or looking to save for specific goals, these apps provide a convenient option to earn money with minimal effort.