What is STEPN Crypto Token (GMT)

Nafa Lightyani

What is STEPN Crypto Token (GMT)

Rancakmedia.com – Did you know that the STEPN token is on the rise? Before finding out, find out what the STEPN Crypto Token (GMT) is first, which we will explain 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 movement. It also adopts Social-fi and NFT.

It's been a wild ride for STEPN since its public beta debut in December 2021. The number of daily active users of the platform jumped from 1.500 in January to more than 100.000 in March.

Many people join the STEPN app because they believe it will be a “fool” of the Move-to-Earn idea explosion, just like Axie Infinity in Play-to-Earn.

Why is the Price Soaring?

The price of the token has increased by more than 300% since it was first listed on Binance Launchpad, generating huge profits for early investors who took advantage of the token's cheap entry point by purchasing it through an allocation program (rather than buying outright like an ICO).

What is the reason behind this incredible resurgence as the buzz is hopeful, 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 driven 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 famous sports companies by sharing artwork with hidden logos from major labels such as Adidas, Nike, Asics, and Head.

This further heated up the market and ultimately, resulted in greater demand in GMT tokens.

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 not only discussed what STEPN is, not only that, we also discussed why the price has soared.

That's the article about what is the STEPN Crypto Token (GMT), hopefully the article above can be useful and helpful for all of you.

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Nafa Lightyani

I am a content writer for SEO, Technology, Finance, Travel, Cooking Recipes and others. I hope this can be useful for all my friends.