Rancakmedia.com – Welcome to the rising media, with the debut of the Green Metaverse Token (GMT) IEO (Initial Platform Offering) on the Binance exchange, the token has garnered a lot of attention and traction.
As we know, Binance is one of the top cryptocurrency trading platforms in the world, therefore, great attention on Green Metaverse Token is anticipated.
However, most of the enthusiasts/investors crypto eager to know more about the green metaverse token and its projects.
Therefore, I will give you additional insights about tokens and projects in this article. I will also tell you (in my opinion) whether the Green Metaverse Token is a good investment.
Green Metaverse Token review
The Green Metaverse Token (GMT) is a solana based token, it is a governance token of STEPN and has a total amount of 6 billion GMT.
It currently has a market value of $84 billion with a trading volume of over $242 million. GMT Is a utility and incentive token in STEPN, therefore let's see what STEPN is.
What is STEPN?
STEPN is a Move-to-Earn health and sports app. NFT tokens and incentives can be earned by wearing NFT sneakers.
STEPN offers built-in wallet, swap, marketplace and RNPL (Rent Now Pay Later) mechanisms to make STEPN a bridge between crypto and non-crypto users.
STEPN has a dual token structure, game token – Green Satoshi Token (GST) and governance token – Green Metaverse Token (GMT) (GMT).
STEPN's salient qualities are listed below (steps to get a health and wellness app).
Application for Smartphones
STEPN is active on iOS AppStore and Google Play store (Restricted to certain regions) (Restricted to certain countries).
Each sneaker has a different type, features, attributes and jewel sockets. Tokens can be used to level up and personalize shoes by users.
Move Action and Earn Money!
Users equipped with NFT sneakers can move out and earn tokens. Taking advantage of the system is not possible due to the many anti-cheat mechanisms in place.
In-App NFT Market
Users will be able to easily exchange their NFTs in the market thanks to the in-app NFT market.
Swap within the app
With the implementation of in-app exchanges, users can exchange their token profits into other types of cryptocurrencies.
In-App Decentralized Wallet
It allows users to deposit and transfer cryptocurrencies to wallets to finance their spending accounts.
Green Metaverse Token Is It a Smart Investment?
For this reason, it is very important to thoroughly examine the long-term and product potential of cryptocurrencies before investing in any of the many tokens released daily.
In order to know whether the Green Metaverse Token is a solid investment or not, we have to know what product and team brings to the table that will make the project more interesting. Before we thoroughly evaluate all of this, it's important to note that GMT has earned a reputation for itself in the crypto market for being able to meet the entry requirements for the Binance IEO launch pad.
Additionally, Sequoia Capital and other well-known Web3 investors funded $5 million for the STEPN token project, selling 16.30 percent of the entire supply of Green Metaverse Tokens at a price of 0.005 USD/GMT.
But again, that doesn't make it good investment, therefore let's take a look at some of the use cases that the Green Metaverse Token has that might make it a good investment below:
As indicated earlier, the Green Metaverse Token is a governance token of STEPN and users can stake it to participate in governance, the longer the duration of the lockup, the greater the voting power.
- Profit distribution
Green Metaverse Token investors control the treasury and can choose to determine the allocation of net profit.
- Accrual Of protocol Revenue
The upgrade of sneakers and the creation of new sneakers can only be accessed using GMT. Also, apart from the application case, STEPN was designed by Find Satoshi Lab, an Australia-based fintech company.
Winner of the Solana Ignition Hackathon Gaming Track 2021 and member of the DeFi Alliance Gaming cohort, with this hack.
If you consider all these factors, GMT might be a solid long-term investment as it is the first of its kind in the blockchain sector to gain enough traction to be accepted onto the Binance launch pad, and as a result, listed on the Binance project.
Green Metaverse Token is one of the best tokens launched this year because of the best project concept. A project that will disrupt the health and fitness sector and allow users to earn while they are active.
However, due to the volatile nature of the cryptocurrency market, any investment carries a significant level of risk. Therefore, this article should in no way be construed as investment advice.