Green Satoshi Token (GST) is a unique crypto token harnessed within STEPN, an innovative Web3 lifestyle app pioneering a gamified and social fitness environment. GST works as an in-app currency, replacing the conventional model of experience points. This currency is earned by users engaging in different physical activities like walking, jogging or running, while utilizing NFT Sneakers. The token can then be put to use for leveling up or minting new digital sneakers.
Understanding Green Satoshi Tokens (GST)
The role of GSTs extends beyond just a rewards currency. Players can buy these tokens to spend or burn within the STEPN app, thereby promoting a healthy lifestyle and encouraging physical activities. GSTs are minted when players move with their NFT Sneakers or lease them, and are burnt when the players engage with social and gamification components within the app. It is essential to distinguish GST from GMT, the Governance Token of STEPN, boasting a supply of 6 billion tokens.
Exploring STEPN
STEPN is a Web3 lifestyle app that successfully integrates fun social elements and a gamification design to promote fitness. It allows users to earn GST by involving in physical activities while using their NFT Sneakers. Furthermore, players can opt to lease or sell their NFT Sneakers in the in-app Marketplace. The GST earnings of users are securely stored in the in-app Wallet, which carries a built-in Swap function for convenience.
Team Behind STEPN
STEPN is a product of Find Satoshi Lab, a fintech studio based in Australia. The team has been recognized for their innovation and creativity, winning the 2021 Solana Ignition Hackathon Gaming Track. They are also a part of the DeFi Alliance Gaming cohort, further adding to their credibility in the fintech space.
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