StepN Price

StepN (GMT) is a cryptocurrency launched in 2021 that operates primarily on the Ethereum platform. Currently ranked 569 with a price of $0.01144, it has seen a -0.63% change in the last 24 hours. StepN functions as the utility token for the STEPN move-to-earn ecosystem, where users earn tokens by walking, jogging, or running with NFT sneakers. The token has a current market cap of $35.59M with 3.11B GMT in circulation out of a total supply of 5.11B tokens. In the past 24 hours, StepN has traded between $0.01111 and $0.01154 with a trading volume of $2.59K. StepN supports multiple blockchains including Ethereum, Solana, BNB Chain, and Polygon, making it highly accessible across different ecosystems. The token is primarily used for in-app purchases, governance voting, and staking within the STEPN platform.

StepN was created on August 31, 2021. It was officially launched as a cryptocurrency on the Ethereum platform and later expanded to other blockchains including Solana, Polygon, and BNB Chain. The token was first listed on cryptocurrency exchanges in March 2022, which marked its public trading debut. Since then, StepN has established itself as a significant token in the move-to-earn and GameFi sectors, currently ranking #569 in the global cryptocurrency market with a price of $0.01144.

StepN was founded by Jerry Huang and Yawn Rong, who are the co-founders of Find Satoshi Lab, the Australian fintech company behind the STEPN project. The founders launched STEPN as a move-to-earn application that rewards users with cryptocurrency for physical activity. Their project gained significant recognition when it won fourth place among over 500 competing projects at the Solana Hackathon in October 2021, which helped establish StepN as a prominent player in the move-to-earn crypto segment.

StepN operates on a dual-token system within the STEPN move-to-earn ecosystem. As the governance token, GMT enables users to participate in platform decisions and access premium features. The token works through a proof-of-movement mechanism where users purchase NFT sneakers and earn rewards by walking, jogging, or running outdoors. GMT is primarily used for: 1. Sneaker minting and upgrades 2. Governance voting 3. Staking for passive income 4. In-app purchases The token has a current price of $0.01144 with a 24-hour change of -0.63%. With a market cap of $35.59M and ranking at #569, GMT operates across multiple blockchains including Ethereum, Solana, BNB Chain, and Polygon. The token's value is driven by user adoption, platform growth, and overall market conditions. Total supply is capped at 5.07B GMT with 3.11B GMT currently in circulation.

StepN operates on a multi-chain architecture, primarily built on Ethereum as an ERC-20 token, but also deployed on multiple blockchains including Solana, BNB Chain, and Polygon. This cross-chain implementation allows for greater flexibility and accessibility. The token utilizes smart contracts to facilitate its move-to-earn mechanics and governance functions. Its technical foundation includes: 1. Cross-chain interoperability protocols that enable seamless transfers between supported blockchains 2. Smart contract infrastructure for token economics and utility functions 3. Integration with NFT technology for digital asset ownership 4. Consensus mechanisms inherited from host blockchains With a total supply of 5,112,094,424.73 tokens and 3.11B GMT in circulation, StepN's architecture supports its ecosystem applications in gaming, NFTs, and move-to-earn functionality. The multi-chain approach helps mitigate scalability issues while maintaining security and decentralization principles core to Web3 technologies.

StepN has an ambitious roadmap focused on expanding its Move-to-Earn ecosystem. By 2027, the team plans to enhance cross-chain functionality across Ethereum, Solana, Polygon, and BNB Chain networks. The roadmap includes developing new gamification features, improving the NFT marketplace, and implementing AI-driven fitness tracking technology. Future developments will likely focus on strategic partnerships in the fitness and gaming industries, with plans to integrate more real-world utility for GMT token holders. The team is also working on sustainability initiatives to ensure long-term token value, currently priced at $0.01144 with a market cap of $35.59M. With its current ranking at 569, StepN aims to strengthen its position in the Move-to-Earn and GameFi sectors through continuous platform improvements and community governance implementation by 2028.