GMT Price

GMT is differentiated by its central role in STEPN's pioneering "Move-to-Earn" model, which bridges physical fitness, gaming, and decentralized finance. Rather than relying solely on traditional virtual interactions or standard gameplay, GMT is integrated into real-world physical activities where users walking, jogging, or running outdoors with NFT sneakers can earn rewards based on their activity levels.

Within the STEPN ecosystem, GMT serves several key utilities:

• Governance: Holders can vote on governance proposals via the GMT DAO.
• High-Level In-App Upgrades: Players burn GMT to access premium game features, such as minting high-quality Sneakers and upgrading high-quality Gems.
• In-Game Utilization and Swaps: Earned tokens can be used directly inside the app, converted into other tokens via the built-in swap function in the app wallet, or integrated into payments via initiatives like GMT Pay.

According to the STEPN whitepaper, GMT is designated as the governance token of the ecosystem. It outlines that users can potentially earn GMT by participating in outdoor physical movement (walking, jogging, or running) and promises users the flexibility to either utilize GMT directly within the application or convert it into other token types.

GMT and the STEPN app were created by Find Satoshi Lab (FSL), an Australian-based fintech studio. The team developed the platform to merge health, gaming, and crypto into a single experience that incentivizes physical fitness and outdoors activity while introducing users to blockchain technology and NFTs.

You can use GMT tokens in several ways:

• Inside the STEPN App: Burn GMT to unlock high-level features such as upgrading high-quality Gems or minting high-quality NFT Sneakers.
• Governance Participation: Use your tokens to take part in GMT DAO voting decisions.
• Trading and Swapping: Convert or trade GMT through the STEPN in-app wallet's built-in swap tool, or buy, sell, and exchange it against multiple fiat currencies using the SwissBorg app.

GMT can be bought on the SwissBorg app with just a few clicks. Download the app for Android or iOS and exchange cryptos instantly at the best price.

GMT addresses the challenge of making physical fitness engaging and financially rewarding while lowering the barrier to Web3 adoption. By gamifying outdoor movement and rewarding users with cryptocurrency for walking, running, or jogging, it tackles sedentary lifestyles and offers an accessible, practical entry point into digital assets and NFTs.

GMT was launched with a fixed maximum supply of 6 billion tokens. New tokens enter circulation through distribution allocations dedicated to move-to-earn user rewards, the development team, platform maintenance, and marketing efforts. Additionally, token burning mechanisms are integrated into app interactions to balance supply.

STEPN was built on the Solana blockchain (alongside availability on other networks), leveraging Solana's network architecture to achieve high transaction speed and exceptionally low transaction costs for user interactions.

GMT serves as the governance token of the STEPN ecosystem. Holders participate in platform decision-making and voting through the GMT DAO.

The long-term vision for STEPN and GMT is to sustain and expand a comprehensive Web3 lifestyle ecosystem that empowers users to pursue healthy living and financial freedom. Its roadmap focuses on expanding partnerships (including collaborations with mainstream athletic and lifestyle brands), broadening offerings like GMT Pay and the FSL Game Hub, maintaining community engagement, and driving the real-world adoption of blockchain technology.