Green Satoshi Token (GST Token) — Another Coin From STEPN
Green Satoshi Token (GST — Trade it here) was listed in MEXC Assessment Zone on March 4 with an opening price of 1.0 USDT, the highest price hit 9.4 USDT, marking 940% growth!
What Is Green Satoshi Token?
Green Satoshi Token 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.
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 and uses a dual-token mechanism where Green Satoshi Token is the currency in the game and Green Metaverse Token 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).
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.
GST is the utility token of the STEPN ecosystem, it’s used as an in-game currency and alternative to experience points. GST is required for repair, upgrade and mint NFT Sneakers. GST can be earned when users move in Solo mode or Background mode.
Players receive GST via the STEPN app, tokens are generated in walking/running/walking modes. Investors can also earn GST by renting out their NFTs to platform users or new players.
GST tokens can also be donated to purchase Carbon Removal Credit on the blockchain, supporting the concept of carbon neutrality to combat climate change and contributing to environmental protection.
GST is an inflationary token with no defined maximum supply and with a total supply of 10,000,000 coins. Once used, the GST token is automatically burned to reduce the supply. Here are the specific cases where burning (destroying) occurs: shoe-minting, repairing pairs of shoes, levelling up NFT-Sneakers, adding gems/gems upgrade, unlocking new socket, resetting Sneaker attributes.
How Is the Green Satoshi Token Network Secured?
STEPN, a move2earn mobile NFT game, as well as its utility token — GST, are powered by Solana. The security of the Solana network is built on a unique combination of Proof-of-History (PoH) and Proof-of-Stake (PoS) consensus mechanisms. PoH is the main component of the protocol that processes the bulk of the network’s transactions, recording successful operations and time between them, while PoS is used as a monitoring tool for running PoH processes.
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