The popular move to earn game StepN (GMT), whose parent company is Find Satoshi Lab, is created by Jerry Huang and Yawn Rong. 2021 in the year It was founded in Adelaide, Australia.
StepN, the first move to earn game built on the Solana ecosystem; It is stated that it aims to combine health, sports and making money.
Google Play Store 1 million most downloaded app in 4-5 months became quite popular. StepN team at an event organized by Solana fourthly, it attracted the attention of investors and released the beta version of the app at the end of last year.
NFT sales in the first quarter of 2022 More than $26.8 million in revenue the game, which is stated to have been won, during the day More than 800,000 active It is assumed to have been played by the user. (According to May 1 data of Duna analytics 625,000 active users exists.
For this reason, the application grew very rapidly for a period. that the company had to impose a daily registration limit it is said.
The application has two tokens with the abbreviation GST and GMT.
With the Green Satoshi Token (GST), which was released as an auxiliary token, users can raise the level of shoes and fill the energy of the shoes. Also, GST is gained as you walk. GSTs used with these processes are burned, but GST does not have any maximum supply.
The Green Metaverse Token (GMT), released as a governance token, allows users to level their shoes. raise or shoes to mint uses for.
There are 4 different types of shoes, the price of which is determined by the fader, and walking speeds according to these types.
walker While 4 GST can be earned with 1 energy with this type of shoe, jogger with 5, runner with 6, trainer You can get 4-6 awards.
Earning money for people using the app in the past weeks has quickly popularized the game. For this reason, both of the game’s tokens have experienced significant increases. GMT, the game’s governance token for $4.11 Helper token reaching up to GST up to 9 dollars rose.
However, this game is a ponzi scheme. a thinker exists. The skeptical group, who thinks that the StepN token economy is not sustainable, thinks that the company will go bankrupt if new players do not come. However, according to some commentators accepting new users with an invitation model how much? determine that it will grow fast provides.
Recently, both GMT and GST have dropped with the rise of people who think they are both ponzi and bitcoin’s decline. GMT, for $0.82 as GST regresses Drop to $1.53 levels lived.
stepN from his official Twitter account. in the statement 15 July 2022users in China announced that they would not allow access. Therefore, the selling pressure on him increased.
Move to Earn App StepN Withdraws From China: 40 percent drop in GMT price
Related article: Move to Earn App StepN Withdraws From China: 40 percent drop in GMT price