Green Satoshi Token (SOL)

Green Satoshi Token (GST) serves as the in-game currency of STEPN, a lifestyle app from the Web 3.0 world that incorporates enjoyable social features and game-like elements. STEPN is groundbreaking as the first NFT game where users can earn tokens simply by engaging in physical activities like walking, jogging, or running outdoors, provided they wear NFT Sneakers. These GST tokens can be utilized to enhance and create new Sneakers, and users have the option to sell or lease their NFT Sneakers via the app's Marketplace.

Explore our comprehensive analysis of STEPN.

The project's mission is to motivate people worldwide to embrace a fit and active way of life while also introducing them to Web 3.0 concepts. Initially, the STEPN platform is built on Solana (SOL) and employs a dual-token structure: Green Satoshi Token (GST) for in-game transactions and Green Metaverse Token (GMT) for governance purposes.

To join the community, a user needs to download the STEPN app, sign up for an account, and set up a wallet. Afterward, they deposit SOL tokens into the app’s integrated wallet, visit the in-app Marketplace to purchase NFT Sneakers, and then wait 24 hours for "energy" to replenish — this energy represents workout duration in minutes and restores at a rate of 25% every 6 hours.

STEPN was launched in August 2021 by the fintech studio FSL, based in Australia. By September, the core team was assembled, and in October, the project won the Solana Ignition Hackathon Gaming Track 2021.

Jerry Huang, one of the company’s co-founders, brings a decade of experience in game development, marketing, and testing. Before STEPN, Huang developed several popular games available on the iOS App Store.

Yawn Rong, another co-founder, is a skilled entrepreneur, crypto investor, and blockchain incubator, recognized for transforming small startups into nationwide brands.

Jessica Duan holds the role of Chief Strategy Officer (CSO) at the company. With expertise in design and architecture, she oversees operational strategies, provides guidance to senior clients and partners, and assesses new technologies, market trends, business models, and innovations.

The team behind STEPN aims to innovate by integrating social and community aspects into their product, allowing those who love staying active to earn cryptocurrency from their running endeavors.

Built on the Move-to-Earn (M2E) concept, STEPN participated in the Solana Ignition Hackathon Gaming Track in 2021, securing first place and standing out as the only mobile NFT game to win the competition. The game captured the judges' attention with its engaging design, easy-to-use interface, and built-in features like Wallet and Marketplace.

Green Satoshi Token (GST) functions as a utility token within the STEPN environment. It serves as both in-game currency and an alternative to experience points, necessary for repairing, upgrading, and creating NFT Sneakers. GST can be earned through movement in Solo or Background modes.

Users acquire GST tokens through the STEPN app by walking, jogging, or running. Investors also have the chance to earn GST by leasing their NFTs to other users or new participants on the platform.

Additionally, GST tokens can be donated to buy Carbon Removal Credits on the blockchain, promoting carbon neutrality efforts to address climate change and contribute to environmental conservation.

GST is an inflationary token with no capped supply and a total of 10,000,000 tokens allocated as follows:

- 16.3% for Private Sale
- 7% for Binance Launchpad Sale
- 14.2% for the Team
- 2.5% for Advisors
- 30% for the platform's Ecosystem/Treasury
- 30% for Move & Earn

As of April 2022, there are 3,597,242.47 $GST in circulation. When used, the GST token is automatically burned to decrease supply. Burning occurs in scenarios such as shoe-minting, repair tasks, leveling up NFT Sneakers, adding or improving gems, unlocking new sockets, and resetting Sneaker attributes.

STEPN, a mobile NFT game rooted in the move2earn concept, along with its utility token GST, runs on Solana (SOL).

The Solana network's security relies on a distinctive combination of Proof-of-History (PoH) and Proof-of-Stake (PoS) consensus mechanisms. PoH is the primary component that handles most transactions, recording them and the time intervals between each, while PoS acts as a monitoring tool for PoH operations.

Acquiring Green Satoshi Token (GST) is straightforward on several cryptocurrency exchanges, including Huobi Global, Bybit, Raydium, MEXC, PancakeSwap (V2), Serum DEX, Orca, CoinEx, Hoo, AEX, DigiFinex, BingX, Jubi, and Hotbit.

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