What Is Green Satoshi Token (GST)?
Green Satoshi Token (GST) is the game token of STEPN — a Web 3.0 lifestyle app with in-built fun social elements and gamification design. STEPN is the first move-to-earn NFT game where players earn GST tokens by walking, jogging and running outdoors while wearing NFT Sneakers. GST tokens can also be used to level up and mint new Sneakers, and players can sell/rent their NFT sneakers on the app Marketplace.
Check out our deep dive on STEPN.
The goal of the project is to encourage the world's population to lead a healthy and active lifestyle, as well as to acquaint people with the concept of Web 3.0. The STEPN platform is originally powered by Solana (SOL) and uses a dual-token mechanism where Green Satoshi Token (GST) is the currency in the game and Green Metaverse Token (GMT) is the governance token.
To become a part of the community, a user first downloads the STEPN mobile app, registers an account and creates a wallet. The user then deposits SOL tokens to the built-in STEPN wallet, goes to the in-app Marketplace, buys NFT Sneakers and waits 24 hours for “energy” replenishment (energy is time user workouts, in minutes, the indicator recovers at a rate of 25% every 6 hours).
The following are the advantages of the STEPN project:
Activity rewards motivate app users to go in for sports every day, keep themselves in good shape, improve physical health;
GameFi functionality is built into the application (Sneakers-minting, leveling up Sneakers, custom NFTs, Mystery boxes);
The STEPN ecosystem includes tools like Wallet, Swap, Marketplace;
To use the application and purchase NFT Sneakers, users don’t need a knowledge base of blockchain technology;
The mobile application is equipped with an intuitive and simple interface;
There is a free rental of NFT Sneakers on the platform. Players can buy their own pairs of shoes by accumulating the required number of tokens.
The STEPN project raised a $5.0M Seed Round from top investors including Sequoia Capital, Folius Ventures, Binance Labs, Solana Capital, Alameda Research, DeFi Alliance, M13, Corner Ventures, 6th Man Ventures, Zee Prime Capital, Sfermion, Spark Digital Capital, MorningStar Ventures, Lemniscap, WelinderShi Capital, Solar Eco Fund and Openspace Ventures.
Who Are the Founders of Green Satoshi Token?
STEPN was established in August 2021 by fintech studio Find Satoshi Lab, based in Australia. In September of the same year, the core team was formed, and in October the project won Solana Ignition Hackathon Gaming Track 2021.
Jerry Huang is one of the co-founders of the company with ten years of experience in game development, marketing and testing. Prior to STEPN, Huang also launched several highly rated and downloaded games for iOS App Store.
One more co-founder is Yawn Rong, a talented entrepreneur, crypto investor and blockchain incubator. Rong has a track record of launching small startups and building them into national brands.
Jessica Duan holds the position of CSO in the company. Duan has a qualification in design and architecture, she manages operational strategies, advises senior clients & partners, and evaluates new technologies, market trends, business models and innovations.
What Makes Green Satoshi Token Unique?
The STEPN team intends to make a breakthrough by incorporating social and community elements into their product, giving fans of an active lifestyle the opportunity to earn cryptocurrency from their passion for running.
STEPN is based on the Move-to-Earn (move2earn or M2E) concept. In 2021, the project participated in the Solana Ignition Hackathon Gaming Track, taking first place and becoming the only mobile NFT game to win the hackathon. STEPN attracted the attention of the judges and received approval due to the game design, user-friendly interface, and built-in tools like Wallet & Marketplace.
Highlights of STEPN:
The application has three modes: Solo Mode (a player earns GST due to motion, the number of earned tokens depends on physical activity and the rarity of NFT shoes); Marathon Mode (online marathons are weekly and monthly events, registration is required at least 24 hours before the start); Background Mode (users earn income in GST tokens just by having one pair of sneakers, the background mode works even if the application is disabled, without reducing the endurance of the sneakers).
NFTs have a different quality, attributes and Gem Socket, the update is done by burning GST tokens, attribute points and NFT Gems can be added to improve performance.
Users can mint a sneaker box aka Shoebox by putting two sneakers together. As a result, an owner of a Shoebox receives a random NFT Sneaker.
On the built-in NFT Marketplace, users can trade everything they have: Sneaker, Shoebox, Gems, and also rent NFTs if necessary.
Using Swap, users of the mobile app exchange tokens for other crypto, and also deposit their tokens and NFTs to the built-in Wallet.
The STEPN app may charge small taxes for trading NFT sneakers, minting and renting. At the same time, most of the income is earned by platform users. Part of the profits goes to the purchase of Carbon Removal Credit — support for carbon neutrality (a state of net-zero carbon dioxide emissions).
Green Satoshi Token (GST) is the game token of STEPN — a Web 3.0 lifestyle app with in-built fun social elements and gamification design. STEPN is the first move-to-earn NFT game where players earn GST tokens by walking, jogging and running outdoors while wearing NFT Sneakers. GST tokens can also be used to level up and mint new Sneakers, and players can sell/rent their NFT sneakers on the app Marketplace.
Check out our deep dive on STEPN.
The goal of the project is to encourage the world's population to lead a healthy and active lifestyle, as well as to acquaint people with the concept of Web 3.0. The STEPN platform is originally powered by Solana (SOL) and uses a dual-token mechanism where Green Satoshi Token (GST) is the currency in the game and Green Metaverse Token (GMT) is the governance token.
To become a part of the community, a user first downloads the STEPN mobile app, registers an account and creates a wallet. The user then deposits SOL tokens to the built-in STEPN wallet, goes to the in-app Marketplace, buys NFT Sneakers and waits 24 hours for “energy” replenishment (energy is time user workouts, in minutes, the indicator recovers at a rate of 25% every 6 hours).
The following are the advantages of the STEPN project:
Activity rewards motivate app users to go in for sports every day, keep themselves in good shape, improve physical health;
GameFi functionality is built into the application (Sneakers-minting, leveling up Sneakers, custom NFTs, Mystery boxes);
The STEPN ecosystem includes tools like Wallet, Swap, Marketplace;
To use the application and purchase NFT Sneakers, users don’t need a knowledge base of blockchain technology;
The mobile application is equipped with an intuitive and simple interface;
There is a free rental of NFT Sneakers on the platform. Players can buy their own pairs of shoes by accumulating the required number of tokens.
The STEPN project raised a $5.0M Seed Round from top investors including Sequoia Capital, Folius Ventures, Binance Labs, Solana Capital, Alameda Research, DeFi Alliance, M13, Corner Ventures, 6th Man Ventures, Zee Prime Capital, Sfermion, Spark Digital Capital, MorningStar Ventures, Lemniscap, WelinderShi Capital, Solar Eco Fund and Openspace Ventures.
Who Are the Founders of Green Satoshi Token?
STEPN was established in August 2021 by fintech studio Find Satoshi Lab, based in Australia. In September of the same year, the core team was formed, and in October the project won Solana Ignition Hackathon Gaming Track 2021.
Jerry Huang is one of the co-founders of the company with ten years of experience in game development, marketing and testing. Prior to STEPN, Huang also launched several highly rated and downloaded games for iOS App Store.
One more co-founder is Yawn Rong, a talented entrepreneur, crypto investor and blockchain incubator. Rong has a track record of launching small startups and building them into national brands.
Jessica Duan holds the position of CSO in the company. Duan has a qualification in design and architecture, she manages operational strategies, advises senior clients & partners, and evaluates new technologies, market trends, business models and innovations.
What Makes Green Satoshi Token Unique?
The STEPN team intends to make a breakthrough by incorporating social and community elements into their product, giving fans of an active lifestyle the opportunity to earn cryptocurrency from their passion for running.
STEPN is based on the Move-to-Earn (move2earn or M2E) concept. In 2021, the project participated in the Solana Ignition Hackathon Gaming Track, taking first place and becoming the only mobile NFT game to win the hackathon. STEPN attracted the attention of the judges and received approval due to the game design, user-friendly interface, and built-in tools like Wallet & Marketplace.
Highlights of STEPN:
The application has three modes: Solo Mode (a player earns GST due to motion, the number of earned tokens depends on physical activity and the rarity of NFT shoes); Marathon Mode (online marathons are weekly and monthly events, registration is required at least 24 hours before the start); Background Mode (users earn income in GST tokens just by having one pair of sneakers, the background mode works even if the application is disabled, without reducing the endurance of the sneakers).
NFTs have a different quality, attributes and Gem Socket, the update is done by burning GST tokens, attribute points and NFT Gems can be added to improve performance.
Users can mint a sneaker box aka Shoebox by putting two sneakers together. As a result, an owner of a Shoebox receives a random NFT Sneaker.
On the built-in NFT Marketplace, users can trade everything they have: Sneaker, Shoebox, Gems, and also rent NFTs if necessary.
Using Swap, users of the mobile app exchange tokens for other crypto, and also deposit their tokens and NFTs to the built-in Wallet.
The STEPN app may charge small taxes for trading NFT sneakers, minting and renting. At the same time, most of the income is earned by platform users. Part of the profits goes to the purchase of Carbon Removal Credit — support for carbon neutrality (a state of net-zero carbon dioxide emissions).
