When fitness meets blockchain, STEPN emerges as a groundbreaking platform that incentivizes physical activity through cryptocurrency rewards. Powered by its native token, GMT, STEPN bridges health consciousness with decentralized finance (DeFi), creating a unique ecosystem where users earn tangible benefits for staying active.
What Is STEPN?
STEPN is a Solana blockchain-based mobile app that rewards users with GMT tokens for walking or running. By integrating GPS and motion-tracking technology, STEPN transforms everyday fitness into an opportunity to earn crypto, fostering both physical wellness and financial incentives.
Key Features:
- Move-to-Earn Model: Users earn GMT by engaging in physical activities.
- NFT Sneakers: Essential for tracking steps; minted as NFTs using GMT.
- Anti-Cheat System: Ensures fair play by disabling functionality on jailbroken devices.
The STEPN Team
Co-founded by Jerry Huang and Yawn Rong, STEPN was developed by Satoshi Lab, an Australian fintech firm. It gained acclaim as the winner of the 2021 Solana Ignition Hackathon Gaming Track, praised for its:
- User-friendly interface.
- Integrated marketplace.
- Ambitious outreach to non-crypto audiences.
How Does STEPN Work?
- Download the App: Available on iOS and Android.
- Acquire Sneaker NFTs: Purchase using GMT tokens.
Earn Tokens: Accumulate GST (Green Satoshi Tokens) by walking/running.
- Energy System: 1 energy = 5 minutes of activity.
- Use Rewards: GST can be spent on sneaker repairs, upgrades, or mystery boxes.
👉 Discover how to maximize your STEPN earnings
GMT Tokenomics
- Max Supply: 6 billion GMT.
- Circulating Supply: ~1.09 billion (as of 2025).
- Deflationary Mechanism: Tokens are burned to reduce supply over time.
Use Cases:
- Rewards: Earn GMT for physical activity.
- Marketplace: Buy fitness gear or services.
- Governance: Participate in community challenges.
GMT Distribution
| Allocation | Percentage |
|------------------|------------|
| User Rewards | 30% |
| Ecosystem Fund | 30% |
| Private Sales | 16.3% |
| Binance Launchpad| 7% |
| Team | 14.2% |
| Advisors | 2.5% |
Future of STEPN
- Global Expansion: Targeting broader user adoption.
- Strategic Partnerships: Collaborations with fitness brands to enhance token utility.
👉 Explore STEPN’s roadmap for 2025
FAQs
Q1: How do I start earning on STEPN?
A: Download the app, buy a Sneaker NFT with GMT, and start walking/running to earn GST.
Q2: Can I use STEPN without cryptocurrency knowledge?
A: Yes! The app is designed for both crypto and non-crypto users.
Q3: What’s the difference between GMT and GST?
A: GMT is the governance token with a capped supply, while GST is the utility token earned through activity.
Q4: Are there any geographical restrictions?
A: STEPN is expanding globally—check the app for availability in your region.
Q5: How does STEPN prevent cheating?
A: It uses GPS/motion tracking and disables functionality on rooted/jailbroken devices.
Q6: What can I buy with GST?
A: Sneaker upgrades, mystery boxes, and marketplace items.
By blending fitness with blockchain, STEPN redefines wellness motivation in the digital age. With its robust tokenomics and growing ecosystem, it’s poised to become a leader in the Move-to-Earn space.