What are STEPN Crypto Tokens (GMT)
Rancakmedia.com – Did you know that the STEPN token is on the rise? Before knowing it, find out what STEPN Crypto Token (GMT) is first, which we will tell below.
What is STEPN (GMT)
STEPN is a social-fi application with crypto technology that carries the Move-to-Earn concept, which is built on the Solana network.
The platform is seen as a “web3 lifestyle app” that rewards users for maintaining a healthy lifestyle through walking, jogging or running.
Similar to the Play-to-Earn idea, this relatively new concept will reward customers who maintain a healthy lifestyle through moving. It also adopts Social-fi and NFT.
It's been a wild ride for STEPN since its public beta debut in December 2021. The platform's daily active user count jumped from 1,500 in January to over 100,000 in March.
Many people join application STEPN because they believed it would be “stupid” from the Move-to-Get idea explosion, just like Axie Infinity in Play-to-Earn.
Why are the Prices Soaring?
The token's price has increased by over 300% since it was first listed on Binance Launchpad, resulting in huge returns for early investors who take advantage of the token's cheap entry points by buying it through an allocation program (rather than buying outright like an ICO).
What is the reason behind this amazing revival due to the hopeful rumors, the Move-to-Earn idea will be big and many will follow like the Play-to-Earn concept that made Axie Infinity so famous.
The increase in interest in GMT was fueled by this, which pushed the price of the GMT token up tens of thousands of percent just in time for the market crypto trying to recover.
Along with this, STEPN has hinted at collaborating with well-known sports companies by sharing artwork with hidden logos from major labels such as Adidas, Nike, ASICs, and Head.
This heated up the market even more and eventually, resulted in a greater demand in the GMT token.
Conclusion
STEPN is a social-fi application with crypto technology that carries the Move-to-Earn concept, which is built on the Solana network.
In the article above, we didn't only discuss what STEPN is, not only that, we also discussed why its price has soared.
Thus the article about What is STEPN Crypto Token (GMT), I hope the article above can be useful and helpful for all of you.