#2024withBinance
In December 2024, the performance of GMT (Green Metaverse Token), the governance token of the STEPN ecosystem, has shown mixed results on Binance and other platforms. GMT supports a unique "move-to-earn" model where users earn rewards by participating in fitness activities like walking, running, or jogging with NFT sneakers. This model integrates gaming, fitness, and Web3 technology, promoting a healthier lifestyle while earning cryptocurrency.
### Key Highlights for December:
1. **Price Trends**:
GMT is trading in the range of $0.24 to $0.26, reflecting fluctuations due to market sentiment and overall crypto trends. Earlier highs from its Binance launchpad listing have not been revisited, but the token retains its appeal among move-to-earn enthusiasts.
2. **Burning Mechanisms**:
A portion of the GMT supply is continuously burned, which helps manage inflation and adds long-term value to the token's ecosystem.
3. **Market Interest**:
GMT remains a popular token on Binance, especially in trading pairs like GMT/USDT, which account for a significant portion of its volume. It has strong potential in GameFi and SocialFi sectors, especially as fitness and wellness industries adopt blockchain.
4. **Ecosystem Development**:
The STEPN app has an in-built marketplace for NFT sneakers, encouraging user engagement. Future plans include potential collaborations with sports brands and expanded functionality within the ecosystem.
GMT has positioned itself as a standout in the Web3 fitness niche, though its long-term success will depend on maintaining user engagement and navigating broader crypto market trends【41】【42】【43】.