What Is Green Satoshi Token (GST)?

The Green Satoshi Token (GST) is the money you can use within the STEPN platform, which is a Web 3.0 lifestyle application that combines fun and engaging social features with a gaming format. STEPN is one of the first NFT games to have a “move-to-earn” concept that rewards players with GST tokens for going for walks, jogs, and runs while sporting NFT Sneakers.

In addition to leveling up and unlocking new Sneakers using GST tokens, players can also buy, sell, and rent out their NFT kicks in the app’s marketplace.

Find out all you need to know about the GST token, the driving force behind the innovative STEPN platform, in the following guide.

Sections

What Is STEPN?

STEPN is an integrated Web3 gaming and social networking application. Getting about is at the heart of STEPN since it is something nearly everyone does on a regular basis.

When taking part in this Solana-based Web 3.0 blockchain app, users can outfit themselves with NFTs by donning Sneakers (an in-game token that gives you gaming energy). By exercising in the real world, players can earn Green Satoshi Tokens (GST) and spend them in the game or redeem them for real money.

By leveraging the social features of Game-Fi, the STEPN creators hope to encourage millions of people to adopt a healthy lifestyle, fight climate change, and bring themselves and the world into Web 3.0.

How Green Satoshi Token (GST) Works

To get started with STEPN and start earning GST tokens, first you need to download the STEPN app on your device. Use the App Store or the Google Play Store to get the file.

Next, join the STEPN Community by signing up with your email address. Now create a digital wallet for your tokens by following the on-screen instruction and import your GST tokens. You’ll need these Green Satoshi Tokens to buy yourself some new Sneakers.

These in-game NFTs will motivate you to get active so that you can reduce your carbon footprint by doing physical activities and earn more GST while doing something good for your well-being.

Make sure to have some SOL, ETH, or BNB coins in your digital wallet at all times so that you can pay the gas fees on the blockchain platform for moving your GST tokens before you walk over to the STEPN Market to get your new NFT energy kicks.

Now, head for your first STEPN NFT shopping spree! You can select a pair of Sneakers out of 4 available models (Walker, Jogger, Runner, Trainer). Each of these Sneaker models will provide you with different Energy Attributes (i.e., energy levels) and a few GTS for your physical activity.

To find the ideal pair of sneakers for you, utilize the Filter function. Always count on having enough GMT on hand for these purchases. Once you’ve bought yourself a suitable pair of NFT Sneakers, your energy will start replenishing at a rate of 25% every 6 hours.

That’s it. You’re ready to go!

Carbon Offsetting

But, before we move onto the GST Tokenomics, one more thing about the ecological aspect of this app mentioned earlier. You can choose to donate your GST earnings, which will be converted into USDC or fiat currency, so that they can be used to buy or burn carbon credits. Please note that the GST contribution is entirely optional.

What Is Green Satoshi Token (GST) Used For?

The GST token is a utility token, and as such, it does not call for any expenditures on the player’s side other than continued gameplay and engagement in various game activities. STEPN users earn GST tokens for completing physical activities in real life, such as walking, running, etc. In the bargain, GST can be utilized to fix, unlock, or reset your NFT Sneakers or even level them up for more Energy.

Also, players can use their GST tokens to mint brand-new Sneakers and upgrade their existing ones. Besides that, the Green Satoshi Tokens are widely used to swap USDC coins.

Where to Buy Green Satoshi Tokens (GST)?

Currently, the most popular cryptocurrency exchanges for trading Green Satoshi Tokens are Bybit, CoinTiger, and BitMart. If you’re looking for other markets that currently list this token for trade, we’ve got a dedicated review of some of the best cryptocurrency trading platforms on our website.

How Long Has Green Satoshi Token (GST) Been Around?

Being the first team to successfully implement a Move-to-Earn concept, the STEPN team of developers placed fourth overall out of more than five hundred proposals at the Solana Ignition Hackathon 2021. The Green Satoshi Token (GST) was launched the same year as the STEPN platform’s utility token.

What’s Controversial About Green Satoshi Token (GST)?

The GST token hasn’t been the subject of any controversy as of now.

How Many Gree Satoshi Tokens Are There?

The supply of GST tokens is unlimited, and they can be generated in-game simply by performing a few straightforward activities.

Can GST Be Mined?

Yes. Green Satoshi Tokens also have an infinite supply, which means that miners can generate as many new tokens as they want.

Market Cap and Price History of Green Satoshi Token (GST)

With a current market cap of over $14,863,886, Green Satoshi Token is ranked #710 on CoinMarketCap’s list of all listed cryptocurrencies. The price of one GST on the market has been trending upward, and it is currently sitting at around $0.021229.

Biggest Competitors of Green Satoshi Token (GST)

As the Move-to-Earn tokens have been in the spotlight for some time, they have served as inspiration for a number of similar cryptocurrency initiatives, like Step App (FITFI) and Genopets (GENE), to mention a few.

What Does the Green Satoshi Token (GST) Project Road Map Look Like?

As STEPN is still in its Public Beta Phase, the information included in this whitepaper is subject to change. As a result, there is currently no defined roadmap forward for GST.