Green Satoshi Token (GST) serves as the gaming token for STEPN, a Web 3.0 lifestyle application incorporating engaging social elements and gamification features. Notably, STEPN is the pioneering move-to-earn NFT game where participants earn GST tokens through outdoor activities such as walking, jogging, and running while equipped with NFT Sneakers. These GST tokens can further be utilized to upgrade and mint new Sneakers, as well as trade or lease NFT Sneakers on the app's Marketplace. Explore our comprehensive analysis of STEPN. The project's objective is to inspire the global population to adopt a healthy and active lifestyle, while also introducing individuals to the Web 3.0 concept. Initially powered by Solana (SOL), the STEPN platform employs a dual-token system, in which Green Satoshi Token (GST) functions as the in-game currency, and Green Metaverse Token (GMT) operates as the governance token. To join the community, users must first download the STEPN mobile application, register an account, and set up a wallet. Following this, users deposit SOL tokens into the built-in STEPN wallet, access the in-app Marketplace, purchase NFT Sneakers, and wait for a 24-hour period for "energy" replenishment. Energy corresponds to the time spent on workouts, measured in minutes, and it restores at a rate of 25% every six hours.

STEPN was founded in August 2021 by the fintech studio FSL, located in Australia. The core team was assembled in September of the same year, and by October, the project had won the Solana Ignition Hackathon Gaming Track 2021. Jerry Huang, one of the co-founders, has a decade of experience in game development, marketing, and testing. Before STEPN, Huang successfully launched several popular and high-rated games on the iOS App Store. Another co-founder, Yawn Rong, is a proficient entrepreneur, crypto investor, and blockchain incubator. Rong has a history of transforming small startups into nationally recognized brands. Jessica Duan serves as the CSO of the company. With a background in design and architecture, Duan oversees operational strategies, provides guidance to senior clients and partners, and assesses new technologies, market trends, business models, and innovations.

The STEPN team aims to innovate by integrating social and community features into their product, providing active lifestyle enthusiasts with the opportunity to earn cryptocurrency from their running activities. STEPN operates on the Move-to-Earn (move2earn or M2E) principle. In 2021, the project took part in the Solana Ignition Hackathon Gaming Track, securing first place and earning the distinction of being the only mobile NFT game to win the hackathon. STEPN caught the judges' attention and received commendation for its game design, user-friendly interface, and integrated tools like Wallet & Marketplace.

Green Satoshi Token (GST) serves as the utility token within the STEPN ecosystem, functioning as both an in-game currency and an alternative to experience points. It is essential for repairing, upgrading, and minting NFT Sneakers. Users can earn GST while engaging in Solo or Background modes. Tokens are obtained via the STEPN app, with GST generated during activities like walking, running, or jogging. Investors have the option to increase their holdings by renting out their NFTs to other platform users or newcomers. Additionally, GST tokens can be donated to acquire Carbon Removal Credits on the blockchain, endorsing carbon neutrality initiatives to address climate change and contribute to environmental conservation efforts. GST is characterized as an inflationary token without a definitive maximum supply, with a total supply of 10,000,000 coins allocated in the following manner: - 16.3% for Private Sale; - 7% for Binance Launchpad Sale; - 14.2% for the Team; - 2.5% for Advisors; - 30% to the platform's Ecosystem/Treasury; - 30% for Move & Earn. As of April 2022, there are 3,597,242.47 GST in circulation. Utilized GST tokens are automatically burned to decrease supply. The burning process occurs in specific situations, including shoe minting, shoe repairs, NFT-Sneaker leveling, gem upgrades, unlocking new sockets, and resetting Sneaker attributes.

STEPN, a move-to-earn mobile NFT game, along with its utility token—Green Satoshi Token (GST), is supported by Solana (SOL). The security of the Solana network is based on a distinctive integration of Proof-of-History (PoH) and Proof-of-Stake (PoS) consensus mechanisms. PoH serves as the primary component of the protocol, handling the majority of the network's transactions by documenting successful operations and the intervals between them. Meanwhile, PoS functions as a supervisory tool for overseeing the PoH processes.

Green Satoshi Token (GST) can be easily acquired through cryptocurrency exchanges such as Huobi Global, Bybit, Raydium, MEXC, PancakeSwap (V2), Serum DEX, Orca, CoinEx, Hoo, AEX, DigiFinex, BingX, Jubi, and Hotbit. Install the Eulerpool mobile app to track real-time prices of GST, GMT, or SOL. Explore the top NFT collections by sales volume. Review our guide to non-fungible tokens. Visit Eulerpool's educational portal, Alexandria, to learn everything you need to know about crypto.

Activity rewards encourage app users to engage in daily sports activities, maintain good physical condition, and enhance their overall health. The application incorporates GameFi features such as sneakers-minting, sneaker leveling, custom NFTs, and mystery boxes. The STEPN ecosystem comprises tools like Wallet, Swap, and Marketplace. Users do not require a background in blockchain technology to use the application and purchase NFT Sneakers. The mobile application features an intuitive and user-friendly interface. The platform offers free rental of NFT Sneakers, allowing players to buy their own pairs by accumulating the necessary number of tokens. The STEPN project secured $5.0 million in a Seed Round from leading investors, including Sequoia Capital, Folius Ventures, Binance Labs, Solana Capital, Alameda Research, DeFi Alliance, M13, Corner Ventures, 6th Man Ventures, Zee Prime Capital, Sfermion, Spark Digital Capital, MorningStar Ventures, Lemniscap, WelinderShi Capital, Solar Eco Fund, and Openspace Ventures.

The application features three modes: Solo Mode, Marathon Mode, and Background Mode. In Solo Mode, players earn Green Satoshi Tokens (GST) based on their physical activity, with the number of tokens earned depending on the rarity of their NFT shoes. Marathon Mode involves online marathons that occur weekly and monthly, requiring registration at least 24 hours prior to the event. In Background Mode, users earn GST tokens simply by owning a pair of sneakers, and this mode functions even when the application is disabled, without impacting the endurance of the sneakers. NFTs vary in quality, attributes, and Gem Socket. Upgrades are achieved by burning GST tokens, and attribute points and NFT Gems can be added to enhance performance. Users can mint a sneaker box, referred to as a Shoebox, by combining two sneakers. This process results in the acquisition of a random NFT Sneaker by the owner of the Shoebox. On the integrated NFT Marketplace, users can trade a variety of items, including Sneakers, Shoeboxes, and Gems, and have the option to rent NFTs if needed. Through the Swap feature, mobile app users can exchange tokens for other cryptocurrencies and can deposit their tokens and NFTs into the built-in Wallet. The STEPN app might impose minimal taxes for trading NFT sneakers, minting, and renting. However, the majority of income is generated by platform users. A portion of the profits is allocated towards purchasing Carbon Removal Credits, contributing to carbon neutrality—a condition of net-zero carbon dioxide emissions.