STEPN Green Satoshi Token on SolanaPrice

(GST-SOL)

The STEPN Green Satoshi Token on Solana, often referred to as GST-SOL, is the primary utility token for the STEPN ecosystem. STEPN is a Web3 lifestyle application that integrates social and gaming elements to promote physical fitness. The project is built on the Solana blockchain and operates using a move-to-earn model, where users receive digital rewards for being active in the real world. To earn GST-SOL, users must first acquire and equip non-fungible token or NFT sneakers within the STEPN mobile app. Once equipped, the app uses GPS and motion sensors to track the user's movement while they walk, jog, or run outdoors. The amount of token rewards earned depends on several factors, including the type of sneaker used, its specific attributes, and the duration or intensity of the physical activity. Within the STEPN app, GST-SOL serves as the functional currency for nearly all maintenance and progression activities. It is used to repair sneakers that have worn out through use, which is necessary to continue earning. Additionally, users spend the token to level up their sneakers, improving their performance and earning potential. Other use cases include minting new sneakers by combining two existing ones, unlocking sneaker sockets, and upgrading performance-enhancing gems. When these actions are performed, the tokens used are typically burned, or removed from circulation, to help balance the ecosystem's economy. The project operates with a dual-token system. While GST-SOL is the uncapped utility token meant for daily use and rewards, its counterpart, the Green Metaverse Token or GMT, acts as the platform's governance token. This distinction allows the app to separate the rewards for physical activity from the broader governance and decision-making processes of the platform. Developed by the fintech studio Find Satoshi Lab, the project aims to bridge the gap between fitness and decentralized technology. By using the Solana blockchain, the platform benefits from fast transaction speeds and low fees, which are essential for the frequent in-app transactions required for sneaker upkeep. The overall goal of the project is to incentivize healthy lifestyles while introducing a global audience to Web3 concepts through an accessible, movement-based interface. Learn more

Cryptocurrency prices are subject to high market risk and price volatility. You should invest only in projects and products you are familiar with and understand the associated risks. Carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial advisor before making any investment decisions. This material should not be considered financial advice. Past performance is not a reliable indicator of future performance. The value of your investment may go down or up, and you may not recover your invested amount. You are solely responsible for your investment decisions. LBank is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warnings. Please also note that the data related to the above-mentioned cryptocurrency (such as its current real-time price) is sourced from third parties and is provided “as is” for informational purposes only, without any representation or warranty. Links to third-party websites are not under LBank’s control, and LBank is not responsible for the reliability or accuracy of such websites or their content.