STEPN Green Satoshi Token on Solana

What is Green Satoshi Token?

Green Satoshi Token serves as the in-game currency within STEPN, a fitness lifestyle app embracing Web3 capabilities, constructed on the Solana blockchain. In this interactive environment, players initiate their journey by utilizing GST to acquire or lease sneakers, embodied as NFTs, from the in-game marketplace. The accumulation of GST occurs through outdoor activities such as walking, jogging, or running, fostering a rewarding system enabling users to level up or procure fresh in-game sneakers.

The overarching aim of the project extends beyond gaming, aspiring to promote global well-being and an active lifestyle, while also introducing individuals to the principles of Web 3.0. STEPN's foundation is rooted in Solana (SOL), employing a dual-token approach where Green Satoshi Token (GST) operates as the in-game currency, and Green Metaverse Token (GMT) functions as the governance token.

To join this community, users embark on a journey by first downloading the STEPN mobile app, completing the registration process, and establishing a wallet. Subsequently, users deposit SOL tokens into the integrated STEPN wallet, navigate to the in-app Marketplace to acquire NFT Sneakers, and patiently await a 24-hour "energy" replenishment cycle. This energy, tied to user workout time in minutes, regenerates at a rate of 25% every 6 hours, contributing to the immersive and engaging experience within the STEPN ecosystem.

Key Features of Green Satoshi Token (GST)

Game Modes: Green Satoshi Token offers three engaging game modes for players to choose from.

• Solo Mode: Players have the freedom to collect tokens by jogging or walking. Income is determined based on two factors: physical activity and the rarity of NFT Sneakers.
• Marathon Mode: Periodic marathon competitions are held weekly or monthly. Players can register 24 hours before the competition for a chance to win valuable prizes.
• Background Mode: A fun mode allowing participation even with the app turned off. Background Mode records daily steps through smartphone data without reducing the durability of NFT Sneakers.

Sneakers & Gems NFTs: Each Sneaker NFT possesses unique qualities, properties, and a Gem Socket. Utilizing GST tokens can enhance functionality.

Minting & Shoebox: Players can mint a new Shoebox by combining two Sneaker NFTs and burning GST tokens. The Shoebox contains a randomly generated Sneaker NFT with diverse properties.

NFT Marketplace: The NFT Marketplace is the hub where players buy and sell NFT Sneakers, Shoeboxes, and Gems. In addition to purchasing, players have the option to rent NFT Sneakers for free.

Wallets & Swaps: The Wallets & Swaps feature facilitates token swaps between cryptocurrencies.

Green Satoshi Token Team Background and Partnerships

Founded in August 2021 by the Australian fintech studio Find Satoshi Lab, STEPN saw the formation of its core team in September of the same year. Notably, in October, the project achieved success by emerging as the winner of the Solana Ignition Hackathon Gaming Track 2021.

Jerry Huang, boasting a decade of experience in game development, marketing, and testing, stands out as one of the co-founders. Prior to his involvement with STEPN, Huang successfully launched several highly acclaimed and widely downloaded games on the iOS App Store.

Another key co-founder is Yawn Rong, a multifaceted entrepreneur, crypto investor, and blockchain incubator. Rong's noteworthy track record includes launching small startups and transforming them into nationally recognized brands.

Taking on the role of Chief Strategy Officer (CSO) within the company is Jessica Duan. With a background in design and architecture, Duan oversees operational strategies, provides guidance to senior clients and partners, and conducts assessments of new technologies, market trends, business models, and innovations.

STEPN has partnered with Binance, Sequia, Folius Ventures, Asics, WhaleFin, Steve Aoki, Apple, HypeSaints...

Green Satoshi Token Project Development

STEPN is thrilled to announce the latest feature, a collaborative effort with Apple — the seamless integration of Apple Music into STEPN! This partnership marks the second venture with Apple, underscoring the evolving relationship between traditional tech giants and innovative Web3 applications.

Providing some context, the initial feature released with Apple involved the groundbreaking integration of Apple Pay, establishing a new standard for Web3 gaming apps. Further details on this can be found here.

This subsequent integration with Apple not only represents an enhanced feature for users but also makes a broader statement about the trajectory of the tech world. The recognition and collaboration of traditional tech giants with Web3 apps like this one signify the growing relevance and acceptance of decentralized technologies in our daily lives.

STEPN Green Satoshi Token on Solana Price Analysis

As of November 24 2024 STEPN Green Satoshi Token on Solana has a marketcap of $21M. This is {{percentagefromath}} from its all time high of $8.51. In terms of its tokenomics, there's a total supply of 1.2B with 99% currently outstanding. Keep in mind STEPN Green Satoshi Token on Solana has a fully diluted value of $21M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.