What is GMT? The history/origin? ATH?
A.) What is GMT?
$GMT , also called Green Metaverse Token, serves as the native cryptocurrency for the STEPN platform, a lifestyle app rooted in Web3 technology. This innovative move-to-earn initiative encourages users to stay active and engage in physical activities by rewarding them with #GMT/USDT tokens. The app operates on blockchain technology, specifically utilizing the Solana and Binance Smart Chain (BSC) networks.
B.) Historical Background and Origins?
• STEPN was developed by Find Satoshi Lab, a Web3 company that introduced the platform in 2021. Users can earn tokens by walking, jogging, or running while equipped with NFT sneakers within the app.
• GMT functions as the governance token for the platform, while GST (Green Satoshi Token) acts as the reward token for users' physical activities.
• The primary aim of STEPN is to merge fitness with blockchain technology, offering an enjoyable way for individuals to earn tokens while leading an active lifestyle.
C.) All-Time High (ATH):
• $GMT reached its All-Time High (ATH) on April 27, 2022, when the token's price soared to $4.17.
• Since that peak, the price has experienced fluctuations, influenced by overall trends in the cryptocurrency market and the growing adoption of the STEPN platform.
D.) Summary:
• GMT is crafted as both a utility and governance token within the STEPN ecosystem, with its value closely tied to the app's success and the rising popularity of the move-to-earn model.
• The token empowers users to vote on proposals, engage in governance matters, and is also utilized for staking within the platform.
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