This week, the STEPN (GMT) crypto asset will be listed on Indodax. Open deposit will start on May 18th, 2022 at 14:00 WIB (UTC +7) and open trading will start on May 19th, 2022 also at 14:00 WI (UTC +7).
STEPN is a Web3 lifestyle app with inbuilt Game-Fi and Social-Fi elements. Curious? Let’s read more here!
What is STEPN (GMT)
STEPN is built around an essential daily activity for most people – moving around. We are the first project to effectively bring to life a functioning move&earn concept, finishing 4th out of 500+ projects at the Solana Ignition Hackathon 2021.
Users equip themselves with NFTs in the form of Sneakers. By walking, jogging, or running outdoors, users will earn game currency, which can either be used in-game, or cashed out for profit.
With Game-Fi, STEPN aims to nudge millions toward a healthier lifestyle, combat climate change and connect the public to Web 3.0, all while simultaneously hinging on it’s Social-Fi aspect to build a long-lasting platform fostering user generated Web 3.0 content.
STEPN (GMT) Team
EPN was founded in August 2021 by Australian blockchain entrepreneur Yawn Rong. Mr. Rong has previously founded Crypto SA, an Australian crypto fund and pro-regulation auditor, and has served as an ambassador for Algorand and as an industry representative of the South Australian Blockchain Association. He founded STEPN with his neighbor and partner Jerry Huang, a game developer and former founder of Falafel Games.
STEPN raised a significant $5 million seed round from some of the biggest crypto venture capital firms like Sequoia Capital, Folius Ventures, Solana Capital, Alameda Research, 6th Man Ventures, DeFi Alliance and several others. Several notable angel investors include Santiago R Santos and Asia Partner of Republic Zhen Cao.
What makes STEPN (GMT) unique?
STEPN aspires to disrupt the fitness industry in several ways.
Firstly, it incentivizes users to live a healthier lifestyle through a straightforward token reward mechanism. After downloading the app and creating a wallet, users can buy a pair of NFT sneakers to start earning in the game’s Solo Mode. By running or walking around, they can earn Green Satoshi Tokens (GST). Different types of sneakers return GST at different rates — the higher a sneaker’s efficiency attribute, the more GST per minute the user can earn.
This introduces the second revolutionary element of STEPN: the gamification of fitness. Thanks to the app’s in-game rewards, daily energy allowances, and customized sneakers, STEPN gamifies movement and nudges users towards a healthier lifestyle. In the future, the app plans to add a Marathon Mode, which will have weekly and monthly races between 2.5km and 15km. Marathon participants will be able to earn and compare their achievements on a leaderboard, with extra rewards for the top-ranking runners.
Finally, STEPN allows users to signal in two ways: through living a healthier lifestyle and earning tokens for it and through positively contributing to carbon neutrality. The former gives users an emotional and financial reward. The latter is achieved through STEPN’s contributions to buying Carbon Removal Credits on Solana to combat climate change.
STEPN (GMT) Crypto Assets
The current CoinMarketCap ranking is #61, with a live market cap of $918,666,401 USD. It has a circulating supply of 600,000,000 GMT coins and a max. supply of 6,000,000,000 GMT coins.
How to Buy STEPN (GMT) Crypto Assets on Indodax
For those of you who want to buy STEPN (GMT) crypto assets, you can buy them on Indodax starting May 19th, 2022 at 14:00 WI (UTC +7).
Here’s how to buy it:
- For those of you who are not yet a member, you can click the link here
- After that, make a deposit. For those of you who are confused about how to deposit, click on this link
- After your deposit and balance come in, you can return to the market
- Look for STEPN (GMT) in the Rupiah market then click
- After entering, all you have to do is buy by filling in the balance and at what price you want to buy STEPN (GMT). You can also buy it instantly or directly at the current price
- After that, you need to patiently wait for the price to increase for some time
- After the price increases, you can sell it at a higher price with the instant method
- If you sell with the limit method, you can place orders after buying. Make sure you enter a higher number when selling.