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Bitvavo makes STEPN as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
STEPN is the first mobile Move-to-Earn game where users earn money by moving. Non-fungible tokens (NFTs) play a key role in STEPN. To participate in STEPN, which runs on the Solana blockchain, users must purchase an NFT sneaker and store it in the app wallet. They can then earn tokens by walking, jogging or running outside.
STEPN has created an economy around physical activity, encouraging healthy lifestyles. In addition to rewarding users for their exercise and promoting an active lifestyle, it also engages new people with Web3 technologies and contributes to a more sustainable world.
Users can download the STEPN app on their mobile, register and connect their Solana wallet to participate. Users then purchase an NFT sneaker using Solana’s SOL token.
STEPN uses a dual-token system with the Green Satoshi Token (GST) as the utility token and the Green Metaverse Token (GMT) as the governance token. Users are able to earn both tokens by playing the game.
STEPN was developed by Find Satoshi Labs, an Australian fintech company founded by Jerry Huang and Yawn Rong. This duo combines their expertise in blockchain technology with their passion for fitness and health. Together with a dedicated team of developers and marketers, they aim to motivate users to live a healthier lifestyle and make money in the Web3 world.
STEPN aims to encourage people to exercise by rewarding them with tokens. Players use STEPN for various purposes, such as:
STEPN requires users to actively move in order to earn GST tokens. Users must first choose a digital sneaker that matches their activity level. Earnings depend on the amount of movement and the amount of ‘Energy’ they have. The Energy depends on the type of sneakers they own. For every minute of movement, users receive a reward.
In addition to Energy, sneakers have other attributes: Efficiency, Happiness, Resilience and Comfort. These attributes all affect the amount of GST a user can earn.
The activity is tracked via GPS and distinguishes between different types of movement, such as walking, jogging and running. Earned GST can be used to upgrade and maintain sneakers, as they wear out with intensive use.
When users reach level 30, they can choose to earn GMT tokens instead of GST tokens. GMT offers users various features such as governance rights, access to premium content, and unique opportunities such as changing the name of a sneaker.
STEPN has two different tokens:
Users can play STEPN in three different modes:
The Green Metaverse Token (GMT) is a key component of the STEPN ecosystem. It acts as a governance token that gives users voting rights on changes and proposals in the game. GMT also provides access to advanced game features such as customizing the sneaker name, upgrading to a higher tier, and trading premium content.
The maximum supply of GMT tokens is set at 6 billion. Users can earn GMT tokens once they reach level 30. By selling earned GMT tokens on the marketplace or an exchange, users can earn money playing STEPN.
There are several ways to earn money with STEPN:
STEPN stands out from other projects with several unique features:
STEPN (GMT) can be bought at Bitvavo, accessible to both novice and experienced traders. Our website and mobile app allow you to buy STEPN coin. Simply follow the steps below:
The price of GMT coins depends on the current market value. After purchase, the GMT tokens are automatically credited to your Bitvavo account. From this account, you can easily sell the tokens, allowing you to respond quickly and effectively to price changes.
Your STEPN tokens are safely stored in your Bitvavo account, where most customer assets are protected in offline managed cold wallets. We advise users to activate two-factor authentication (2FA) for increased security.
For those who prefer personal storage, most software and hardware wallets support STEPN. Once you have bought GMT, you can move it to an external wallet by adding the address to your Bitvavo account. This gives you optimal control over your tokens.
* This is for informational purposes only and is not advice, nor should it be relied upon as such.
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Trading digital assets involves significant risks. Digital assets are highly volatile and you may lose some or all of your investment. The information on this page does not constitute advice, and should not be relied upon as such. Bitvavo is registered with the Dutch Central Bank (DNB) with registration number R163129. More info can be found in our Risk Disclosure.
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