StepN (GMT), one of the move to play games that became popular after Earn to play games, announced that it will close the use of applications to users in China.
Gaming app with over 2 million downloads and earning as you move stepN from his official Twitter account. in the statement 15 July 2022users in China announced that they will not allow access.
After the inventory analysis they will make, users who try to access through China will not be allowed to use the application after they are detected. GPS support will no longer be available for users accessing from the China region after the specified date.
Throughout the process, StepN suggested that more details will be shared apart from the statement made and that users in the relevant region should move their existing assets according to this development.
Price fell 40% after the announcement
StepN price after explanation 40%experiencing a decrease in 1.3 dollarsfrom $0.85decreased to . According to Coinmarketcap data 86. ranked coin in 24 hours 1.5 billion dollarsIt has volume. Moreover $516 millionStepN, which has a market volume of 5,000,000, is traded on exchanges such as Binance, Huobi and Kucoin.
What is StepN?
Web3 in the category of STEPN, Social-Fi and Game-Fi and itself “lifestyle app” describing a move to earn platform. Users who join the StepN world by purchasing shoes made of NFTs with different features, earn GMT by walking and running.
Users can sell their holdings on the marketplace and buy new assets. They can also increase their current holdings with the GMTs they earn as they walk.