Question 1

What is GMT (GMT)?

Accepted Answer

GMT is the native governance token of the STEPN platform, a Web3 lifestyle app that rewards users for physical activities like walking, jogging, or running outdoors. With a fixed supply of 6 billion tokens, GMT allows users to engage with the platform while promoting fitness and well-being.

Question 2

What differentiates GMT (GMT) from other tokens?

Accepted Answer

GMT stands out from other cryptocurrencies due to its unique focus on health and lifestyle. While many cryptocurrencies primarily function as payment methods or stores of value, GMT emphasizes the importance of physical activity and wellness. It integrates gaming mechanics and social features to reward users, which sets it apart from traditional digital currencies.

Question 3

What is the utility of GMT (GMT)?

Accepted Answer

The utility of GMT includes various functions within the STEPN ecosystem: users can earn GMT tokens as rewards for physical activities, participate in governance voting, stake their tokens for additional benefits, and use it for transactions involving NFTs, particularly NFT sneakers.

Question 4

What does the GMT (GMT) whitepaper promise?

Accepted Answer

The whitepaper of GMT promises an innovative approach to fitness and digital engagement. It outlines how GMT will empower users to lead healthier lives through a move-to-earn model while contributing to social and environmental wellness. The document emphasizes the dual goals of promoting physical activity and leveraging blockchain technology for a rewarding user experience.

Question 5

What consensus mechanism does GMT (GMT) use?

Accepted Answer

GMT utilizes a dual-token system within the STEPN ecosystem, which encourages user engagement through its rewards mechanism tied to physical activity. This system differentiates it from traditional tokens, integrating governance and utility features directly tied to user activities.

Question 6

Who created GMT and why?

Accepted Answer

The cryptocurrency GMT was created by Find Satoshi Lab, a fintech studio based in Australia, co-founded by entrepreneurs Yawn Rong and Jerry Huang. Their mission is to encourage healthy living through the integration of fitness and cryptocurrency rewards.

Question 7

When was the GMT (GMT) token created?

Accepted Answer

GMT was officially launched on March 22, 2022, following its development by Find Satoshi Lab and its success in the Solana Ignition Hackathon 2021.

Question 8

How do I use the GMT (GMT) token?

Accepted Answer

You can use GMT within the STEPN app by engaging in physical activities such as walking, jogging, or running outdoors while equipped with NFT Sneakers. As you participate, you earn GMT tokens, which can be burned to unlock app features, participate in governance voting, or be converted to other cryptocurrencies.

Question 9

Where do I buy the GMT (GMT) token?

Accepted Answer

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.

Question 10

What problem or need does GMT aim to address?

Accepted Answer

The primary need that GMT addresses is to promote a healthier lifestyle by rewarding users for engaging in physical activities like walking, jogging, or running. It integrates fitness with the digital economy, incentivizing users to stay active while earning cryptocurrency rewards and participating in a vibrant ecosystem.

Question 11

Is the GMT (GMT) open-source, and can I review its code?

Accepted Answer

The GMT token is part of the STEPN platform, which functions within the Web3 framework. However, specific details on whether the code is fully open-source are not explicitly mentioned in the supporting documents. Users interested in the underlying technology may need to refer to official STEPN sources for more precise information.

Question 12

How was the GMT (GMT) token generated?

Accepted Answer

The GMT token is generated through the activities of users within the STEPN app, where they earn tokens by engaging in physical movements while equipped with NFT Sneakers. Additionally, the token has a capped total supply of 6 billion to ensure scarcity and manage value appreciation.

Question 13

What is the GMT (GMT) transaction speed and scalability?

Accepted Answer

The GMT token operates on the Solana blockchain, known for its high transaction speed and low costs, facilitating efficient scalability for the STEPN application as it continues to grow and attract more users.

Question 14

Is GMT (GMT) environmentally friendly in terms of energy consumption?

Accepted Answer

The GMT ecosystem is designed with an environmental commitment, aiming to promote healthier lifestyles while contributing to efforts against climate change. This socially responsible focus distinguishes it from many other cryptocurrencies, emphasizing a sustainable approach to physical activity and fitness. The core principle of STEPN merges the enjoyment of fitness with the advantages of blockchain technology, promoting not only personal health but also the health of the planet.

Question 15

What is the governance model for GMT (GMT)?

Accepted Answer

GMT employs a governance model where holders of the token can participate in voting processes. This allows them to influence decisions regarding the future development of the STEPN platform, enhancing user engagement and community involvement in project governance.

Question 16

What are the long-term goals and vision for GMT?

Accepted Answer

The long-term vision for GMT is to integrate fitness with blockchain technology, encouraging users to lead healthier lives. The platform aims to expand its offerings and partnerships while maintaining user engagement and ensuring token stability. This forward-looking approach not only promotes a healthy lifestyle but also seeks to accelerate the adoption of Web3 and NFT interactions in everyday life.

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What is GMT (GMT)?

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GMT Price

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Market Stats

What is GMT (GMT)?

What differentiates GMT (GMT) from other tokens?

What is the utility of GMT (GMT)?

What does the GMT (GMT) whitepaper promise?

What consensus mechanism does GMT (GMT) use?

Who created GMT and why?

When was the GMT (GMT) token created?

How do I use the GMT (GMT) token?

Where do I buy the GMT (GMT) token?

What problem or need does GMT aim to address?

Is the GMT (GMT) open-source, and can I review its code?

How was the GMT (GMT) token generated?

What is the GMT (GMT) transaction speed and scalability?

Is GMT (GMT) environmentally friendly in terms of energy consumption?

What is the governance model for GMT (GMT)?

What are the long-term goals and vision for GMT?

Technical Analysis

Exclusive tools

Automate your investment today!

Receive notifications when GMT reaches certain prices.

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