Green Metaverse Token (GMT), the native crypto of the STEPN move-to-earn platform, is up by more than 40% this week, with a 24-hour trading volume of over $672 million.
That’s according to data available on CoinGecko, which shows that GMT displayed substantial momentum by surpassing several resistance levels. The token is currently trading at approximately $0.43, with a 24-hour trading volume amounting to $672,452,095.
The recent rise in GMT’s price can be attributed to the launch of the STEPN app, which encourages users to adopt an active lifestyle while earning crypto 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.
GMT tokens serve as governance tokens and offer additional earning potential. Users can use GMT to change sneakers’ names or level up to a high spot. Also, premium game content or high-level activities and profits can be accessed using GMT.
Pioneering ‘Move-to-Earn’ in GameFi
Green Metaverse Token (GMT) is the native asset of the blockchain-based fitness application called STEPN. The app encourages users to adopt an active lifestyle while earning crypto rewards.
In the GameFi sector, STEPN sets itself apart amidst growing competition by offering enhanced functionality.
Beyond traditional play-to-earn features, STEPN introduces a unique “move-to-earn” category, allowing users to earn tokens through participation in fitness activities.
Positioned as a Web3 lifestyle app, STEPN promotes a healthy lifestyle by seamlessly integrating gaming and fitness elements.
The platform’s key components are adaptable to individual preferences, effectively merging gaming and fitness. By incorporating both financial and social rewards, STEPN aims to maximize user engagement while minimizing carbon emissions. The gamification of fitness stands as STEPN’s primary competitive advantage over other crypto projects in this space.
The supply of GMT tokens is limited to 6 billion, and the token has a circulating supply of 1.4 billion.