Green Metaverse Token (GMT), the native cryptocurrency of move-to-earn platform STEPN, is up more than 40% this week, with a 24-hour trading volume of more than $672 million.
This is according to data available on CoinGecko, which shows that GMT showed substantial momentum by breaking through several resistance levels. The token is currently trading at approximately $0.43, with a 24-hour trading volume amounting to $672,452,095.
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The recent rise in GMT price can be attributed to the launch of the STEPN app, which encourages users to adopt an active lifestyle while earning crypto rewards.
Users can purchase nft sneakers and use them to earn in-game tokens while jogging, walking, or running. As they move, they accumulate in-game tokens, mainly GST and GMT.
GMT tokens serve as governance tokens and offer additional income potential. Users can use GMT to change shoe names or level up to a high point. Additionally, premium gaming content or high-level activities and earnings can be accessed via GMT.
Pioneer in 'Move-to-Earn' at GameFi
Green Metaverse Token (GMT) is the native asset of the blockchain-based fitness application called STEPN. The app encourages users to adopt an active lifestyle while earning crypto rewards.
In the GameFi sector, STEPN distinguishes itself from the growing competition by offering improved functionality.
Beyond traditional play-to-earn features, STEPN features a unique “move-to-earn” category, allowing users to earn tokens by participating in physical activities.
Positioned as a Web3 lifestyle app, STEPN promotes a healthy lifestyle by seamlessly integrating gaming and fitness elements.
Key components of the platform are tailored to individual preferences, effectively merging gaming and fitness. By incorporating financial and social rewards, STEPN aims to maximize user engagement while minimizing carbon emissions. The gamification of fitness is STEPN's main competitive advantage over other crypto projects in this space.
The supply of GMT tokens is capped at 6 billion and the token has a circulating supply of 1.4 billion.
