GST

Green Satoshi Token (GST) is the in-game currency and utility token of the STEPN ecosystem. It’s a move-to-earn (M2E) platform that rewards users for walking, jogging, or running while wearing NFT sneakers.

Key Features of GST:
In-game currency: GST is used to repair, upgrade, and mint NFT sneakers within the STEPN app.
Token burning: A portion of GST is burned with each sneaker upgrade, which reduces the circulating supply and potentially increases token value.
Earning mechanism: Users earn GST by engaging in physical activity while wearing their NFT sneakers.
How GST Works:
Users purchase NFT sneakers: These sneakers have different attributes that affect GST earning potential.
Earning GST: Users earn GST by moving outdoors while wearing their sneakers. The amount earned depends on factors like sneaker level, movement speed, and distance covered.
Token utilization: Users can spend GST to repair, upgrade, or mint new sneakers, or they can sell it on cryptocurrency exchanges.
Challenges and Opportunities:
Market volatility: The cryptocurrency market is highly volatile, which can impact the price of GST.
Competition: The M2E space is becoming increasingly competitive with new platforms emerging.
Regulatory environment: The regulatory landscape for blockchain and cryptocurrencies is evolving, which could impact STEPN and GST.
Overall, GST is crucial to the STEPN ecosystem, providing a reward mechanism for users and powering in-game economy.