What is GMT coin? GMT token, one of the last popular cryptocurrencies of the Binance exchange, has experienced tremendous graphic rises and price increases in the last week. As you know, as companydedikodulari.com, we wrote a detailed article on the comment and future of GMT coin on March 29, 2022. But especially for Binance GMT coin, it does not stop. The Stepn coin project, which announces a different feature and innovation almost every day, is also curious by crypto money investors. What is GMT coin?
What is GMT coin? In fact, it is one of the coins that marked the year 2022 the most. For this reason, GMT coin investing is at the top of the most popular topics on platforms such as Ekşi Sözlük and Twitter. Therefore, we decided to create this article named What is GMT coin in order to provide better information about the GMT coin project and its future. The GMT token project introduction will include both the technical skills and capabilities of the team, as well as GMT token comments and technical analysis. So, let’s look at the answer to the question of what is the GMT token. What is GMT coin?
What is GMT coin?
What is GMT coin? Stepn is one of the leading Web3 apps to push the Move to Win concept into the mainstream. The project is capitalized around a basic day-to-day activity for most people – getting around and looking successful so far. The ecosystem has been growing rapidly since its public beta launch in December, as is investors’ optimism for the governance token GMT, which has risen significantly over the past few days.
What is GMT token? The need or benefits of regular exercise cannot be overemphasized, but some people just can’t quite keep up with it. With its Web3 technology, Stepn encourages basic health and fitness activities such as walking, jogging and jogging. The Whitepaper promoted the project as a Web3 lifestyle app with built-in GameFi and Social-Fi elements. What is GMT coin?
https://www.youtube.com/watch?v=xUSh1_2ojjI
What is GMT coin? Users are rewarded with in-game or local Stepn currencies, including NFTs like Gems. There are two cryptocurrencies in the project – GST (game token) and GMT (management token), all of which can be used in-game or traded for real profit. Meanwhile, the supply of GST is unlimited and is the primary reward token for beginner users. On the other hand, the supply of GMT is Max at six billion and can only be earned from “Sneaker Lv30”.
How to play GMT?
To participate in the Stepn’ fitness game, investors must purchase or rent an NFT sneaker (Walker, Jogger, Runner and Trainer) suitable for sports fitness.
What is GMT coin? The corresponding NFT sneakers are located in Stepn’s app. What is GMT token? The prizes distributed to the players are adjusted according to the type of sneakers they prefer. After choosing a sneaker, users are expected to move outdoors and burn energy for rewards. The app uses GPS to track and regulate users against cheating.
While the supply of GST is endless, there are several use cases for the platform to sustain demand accordingly. For example, the GST token can be burned to repair, print or level up sneakers. Stepn is based on the Solana blockchain, and so are its gaming assets. However, Stepn plans to add support for other blockchains in the future.
Why is Stepn GMT rising?
According to Coinmarketcap, GMT is up over 1.166% since March 3 at the current price of $1.9. More interestingly, the price has skyrocketed over 194% in the past three days, raising its market cap to $1.14 billion and also the best performing/trending cryptocurrency in March. But what is behind the spike in GMT price?
What is GMT token? Although the project is still in public beta, the number of users and activities on the platform is growing rapidly. The number of daily active users on Stepn has increased by over 6,500% from 1500 users in January to now over 100,000. The rapidly evolving ecosystem is naturally a growth factor for GMT; however, there could be more. What is GMT coin?
More recently, Stepn’s Nike, Adidas etc. There were rumors that a partnership with top clothing brands such as The rumors came after a spokesperson for Stepn said when asked if they had seen Nike, “they have an announcement about it coming soon.” Adidas competitors of the future. Adding to the enthusiasm, Stepn shared an image featuring the secret logos of these top brands, including Binance.
GMT coin news
Futures on Zilliqa’s ZIL tokens liquidated $13 million, while losses on Stepn’s GMT tokens exceeded $11 million. What is GMT token? ZIL was last week’s top earner, up 315% since March 26, rising to $0.23 on Friday from $0.04 last week.
Meanwhile, 3-week GMT is up 52% in the last 24 hours to $3.11. GMT is the management token for Stepn, a fitness app that allows users to access in-game features like virtual sneakers, upgrade “gems” and participate in management voting.
Built on Solana, Stepn has its own unique style as one of the first lifestyle apps in the Web 3 world and has reached a market cap of over $1.5 billion just weeks after its launch.
Alexander Mamasidikov, co-founder of digital bank MinePlex, said in an email to CoinDesk, “Growth in GMT is a function of the value delivered by the StepN app in particular, and it has continued to attract a great deal of investor interest.” What is GMT token? “Demand for GMT tokens is increasing as app users need to burn these tokens to access high quality products like Virtual NFT Sneakers used for walking, running or jogging. Earn GST tokens.”
