In early 2021, a new technology evolved where users earn cryptocurrency based on the distance they run and this brings us to the viral question, What is Green Metaverse Token?
If you have been searching for the answer to this question then this is the article that will give you an amplified and authentic answer.
What is Green Metaverse Token?
Green Metaverse Token is the native digital token of STEPN.
STEPN technology is a web3 running app with game-fi and social elements. It is the first move-to-earn non-fungible token game built on the Solana blockchain where participants accrue points from moving from one place to another.
STEPN is built to help users achieve a healthy lifestyle and also fight against climate change. Users equip themselves with NFT sneakers to walk, jog or run outdoors. It has a built-in wallet, marketplace, and swap.
You can only earn when you have an NFT sneaker and walk outdoors with a GPS-enabled device. The app network has two token systems: the Green Metaverse Token (GMT) and Green Satoshi Token (GST).
GMT is the governance token while GST is the game token earned by completing various tasks.
According to the Coinbase report, the live STEPN price today is $0.669069 with a 24-hour trading volume of USD 108,533,934.
Players earn GMT and GST as they participate in the game. Users can burn these tokens to level up their sneakers, mint more sneakers, and upgrade to in-game high-quality gems. Users can also decide to sell or lease their NFT sneakers on the STEPN marketplace to earn GST and they can as well store their token in the in-app wallet and swap it for SOL.
Currently, there is 670 million GMT in circulation out of 6 billion maximum tokens in supply. 30% out of the total tokens are allocated to users, and another 30% to the ecosystem fund that is utilized for giveaways, airdrops, and community development projects.
STEPN NTF Sneaker Rental System
The platform plans to introduce a rental system where users can lease and rent their NFT sneakers. It is aimed to breach the barrier of the complexity of the onboarding process.
See the STEPN whitepaper for more details.
How to buy Green Metaverse Token
There are many ways you can buy GMT such as credit card, bank deposit, or even through supported cryptocurrencies.
However, YouHodler offers various ways to buy Green Metaverse Tokens.
YouHodler is an EU and Swiss-based FinTech platform that is focused on crypto-backed lending with fiat, crypto, and stablecoin loans. The platform supports popular cryptocurrencies and tokens such as Bitcoin, Ethereum, Litecoin, and much more.
Three various ways you can buy GMT using YouHodler:
- You can buy GMT with your Credit Card
- You can buy GMT by Bank Transfer
- You can buy GMT by swapping it with other cryptocurrencies
1. Buying GMT with a Credit Card:
- Sign up for a YouHodler.com account
- Click on the Buy Crypto button at the top screen
- Click on the button and fill in your card details
- Click Buy
2. Buy GMT using Bank Transfer:
- Log into your account
- Click on your desired fiat wallet (USD, EUR)
- After selecting your desired fiat wallet, click on Deposit and choose the Bank Wire option.
- Fill in your bank account details then buy
- The funds will be deposited to your fiat wallet you can then convert them to Green Metaverse Token using the Convert button.
3. Buy GMT using other cryptocurrencies and tokens
- YouHodler supports various coins, choose your desired coin and swap them for Green Metaverse Token
- You can transfer your cryptocurrencies from other wallets to your YouHodler wallet and then convert them using the Convert button.
How To Play The STEPN Game
- Choose a sneaker that suits your fitness level
- Find a sneaker from the in-appmarketplace
- Check the sneaker details
- Equip your sneaker and move outdoors
- measure your movement with GPS
- Earn your rewards in Green Satoshi Token (GST)
- Boost your sneaker level and make it more efficient
Frequently Asked Questions
1. Is Green Metaverse Token a good investment ?
GMT is considered a good investment in 2022. STEPN recorded a very good achievement in the past few months. Also, GMT is one of the top-gaining cryptocurrencies.
2. Is there a Metaverse token?
Yes, there are several tokens associated with various Metaverse projects. Metaverse tokens are typically used as a means of exchange within their respective Metaverse ecosystem. Here are a few examples:
- ETP (Metaverse ETP): ETP is the native token of the Metaverse ETP project, which aims to create a decentralized digital identity system and facilitate the creation and exchange of digital assets within a virtual world.
- MANA (Decentraland): MANA is the native token of the Decentraland project, which is a decentralized virtual world where users can buy, sell, and build on virtual land.
- SAND (The Sandbox): SAND is the native token of The Sandbox project, which is a decentralized virtual gaming platform where players can buy, sell, and build on virtual land.
- AXS (Axie Infinity): AXS is the native token of the Axie Infinity project, which is a blockchain-based game where players can collect, breed, and battle digital creatures called Axies.
3. Green Metaverse Token price prediction
With the current price of GMT, it is predicted to drop by -4.430 then reach $0.426 by March 2023.
4. Green Metaverse Token website
You can buy GMT here: Youholder
5. Green Metaverse Token price prediction 2025
Crypto currency experts predicted the price of GMT to rise to $1.50 by 2025.
Wrapping Up
Green Metaverse Token is the governance coin of STEPN but bears in mind that participants earn Green Satoshi Token as the game token when they complete tasks.
Playing the STEPN game is fun and lucrative but the major barrier is the fact that a user must purchase NFT sneakers from the in-app marketplace before participating. We believe in and anticipate the rental system where users can easily lease or rent out their shoes. This will help new users to fully explore the game.
As STEPN is gaining ground in the tech world, it is advisable to invest in GMT. STEPN GST on Solana price prediction for October 2022 shows the average price of GST-SOL at $4.65, this is a good investment strategy.