GMT, or STEPN (GMT), is the native governance token of the STEPN app, a popular move-to-earn Web3 lifestyle platform that rewards users for physical activity like walking, jogging, or running. Here’s a quick overview:

Key Features of GMT (STEPN)

1. Move-to-Earn Model: Users earn rewards in the form of GMT or GST (Green Satoshi Token) by being physically active, creating a blend of fitness and finance.

2. Dual Token System: STEPN uses two tokens – GST for in-app rewards and GMT for governance and premium features.

3. Utility: GMT can be used for:

Voting in governance proposals.

Accessing advanced in-app features.

Earning staking rewards.

4. Deflationary Design: GMT is burned (removed from circulation) through various in-app activities, like sneaker leveling, upgrades, and minting new NFTs, helping reduce supply over time.

5. Backed by Solana: Built on the Solana blockchain, known for its high speed and low transaction costs, ensuring seamless user experience.

6. Community-Driven Growth: The project emphasizes building a strong community with real-world impact, aligning with broader Web3 goals.

Risks and Challenges:

High dependency on user growth and app popularity.

Regulatory uncertainties around move-to-earn models.

Potential for economic imbalance if user growth slows.

**