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STEPN

STEPN GMT

STEPN is a Web3 lifestyle app with SocialFi & GameFi elements.

About

STEPN is a Move-to-Earn health and fitness application. Users equipped with Sneaker NFT can move outdoors to earn tokens and NFT rewards. STEPN has a built-in wallet, swap, marketplace, and RNPL (Rent Now Pay Later) system to make STEPN a bridge between crypto and non-crypto users.

STEPN has a dual-token system, a game token – Green Satoshi Token (GST) and a governance token – Green Metaverse Token (GMT).

GMT is the native governance token of STEPN and has the following use cases:

  • Governance: Stake to participate in governance, the longer the locking period, the higher the voting power.
  • Profit distribution: GMT holders own the treasury and can vote to decide the distribution of net profit.
  • Accrual of protocol revenue: GMT is burned to access in-app features, such as sneaker upgrades and minting of new sneakers.
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KEY FEATURES

Mobile application: STEPN is live on iOS AppStore and Google Play store (Restricted to certain countries).

Sneaker NFT: Every sneaker has different types, qualities, attributes, and gem sockets. Users can burn tokens to level up and customize sneakers.

Move and Earn: Users equipped with sneakers NFT can move outdoors and earn tokens. There are multi-layers anti-cheating mechanics to prevent exploitation.

RNPL (Rent Now Pay Later) system: Users can rent a sneaker for free, move and earn and then split the earnings with the sneaker owner.

In-app NFT marketplace: Users can trade their NFTs on the marketplace.

In-app swap: Users can swap their token earnings to other forms of cryptocurrencies.

In-app decentralized wallet: Users can deposit and send cryptocurrencies to the wallet to fund their spending accounts.

STEPN has raised 5MM USD from Sequoia Capital and other leading Web3 investors, where 16.30% of the GMT total token supply has been sold at 0.005 USD/GMT.

IEO’s Details

  • GENERAL INFORMATION

  • IEO Platform:

  • IEO Opening Date:

    Mar 2nd, 2022 2:00 am (UTC)

  • IEO Closing Date:

    Mar 9th, 2022 12:00 pm (UTC)

  • Country of Origin:

    Australia

  • TOKEN DETAILS

  • Symbol:

    GMT

  • Blockchain Type:

    SPL

  • Finance Information

  • Public Sale Hard Cap:

    4 200 000 USD

  • Total Token Supply:

    6 000 000 000GMT

  • Tokens for Public Sale:

    420 000 000 GMT (7.0000% of total token supply)

  • Public Sale Token Price:

    1 GMT = 0.01 USD

  • Public Sale Vesting Period:

    No lockup

  • Token Distribution

    After the end of token sale

  • Token Sale Format

    Standard

  • Legal Information

  • Country of Incorporation:

    Australia

  • KYC:

    Required

Team

  • Jerry Huang

    Jerry Huang

    Co-Founder

  • Yawn Rong

    Yawn Rong

    Co-Founder

  • Jessica Duan

    Jessica Duan

    CSO

  • Ryan Turner

    Ryan Turner

    Lead Designer

Advisors

  • Scott Dunlap

    Scott Dunlap

  • William Robinson

    William Robinson

  • Jason Kam

    Jason Kam

  • Santiago R. Santos

    Santiago R. Santos

Initial Offering News