Home
News
Most cryptocurrency tokens rise in value once they are released. Nevertheless, only a small number continue to increase steadily for several months following their introduction.
Just one month after its launch, the Green Satoshi Token (GST) became popular and reached an all-time high value. What is the worth of the token right now, and what are analysts’ and experts’ projected prices for the Green Satoshi Token (GST) for 2023 and up?
Now, let’s investigate.
What Is The Green Satoshi Token (GST)?
A trailblazer in the move-to-earn (M2E) sector, STEPN motivates cryptocurrency enthusiasts to engage in physical activity while earning the platform’s native coin, the green satoshi token (GST).
According to the STEPN whitepaper, the platform’s goal with Game-Fi is to encourage millions to adopt a healthier lifestyle and combat climate change.
Additionally, it aims to integrate the public into Web 3.0 while emphasizing its SocialFi aspect to cultivate a sustainable platform promoting user-generated Web 3.0 content.
STEPN announced its public beta release on December 20, 2021. Find Satoshi Lab, an Australian fintech studio, launched it. Users can buy and outfit themselves with non-fungible tokens (NTFs) in the style of sneakers used for jogging, walking, or sprinting outside.
The game includes four versions of NFT sneakers designed for different fitness levels. Furthermore, STEPN sneakers are characterized by five separate traits assigned at random, indicating their rarity.
Through the in-game NFT marketplace, users can acquire new sneakers or create their own by “breeding” two existing sneakers in what the platform refers to as a Shoe Minting Event (SME). Each sneaker can undergo breeding up to seven times, with the breeding cost increasing with each iteration.
STEPN offers three game modes.
What Makes Green Satoshi Token Unique?
By adding social and community features to their product, the STEPN team wants to change the market and enable enthusiasts of an active lifestyle to profit financially from their love of running.
The Move-to-Earn (move2earn, or M2E) idea is the foundation for STEPN. In 2021, the project competed in the Solana Ignition Hackathon Gaming Track, winning the competition and becoming the only mobile NFT game to do so.
STEPN’s intuitive UI, integrated utilities like Wallet & Marketplace, and appealing game design won over the judges and led to its approval.
Who Created The Green Satoshi Token (GST)?
Yawn Rong and Jerry Huang co-founded STEPN. Huang has more than ten years of experience in marketing, operations, and game creation. Rong is a well-known start-up incubator, angel investor in cryptocurrency, and entrepreneur.
Jessica works as the project’s Chief Strategy Officer. She has a decade of expertise providing consulting services to high-end clients. Ryan Turner is the STEPN Lead Designer.
STEPN also has an impressive advisory board that includes Adidas VP Scott Dunlap, Alliance Head of Accelerator William Robinson, Folius Ventures founder Jason Kam, and Web3 investor Santiago Santos.
The STEPN team has also formed strategic agreements with top firms, such as Solana Ventures, DeFi Alliance, Alameda Research, Sequoia, Folius Ventures, and Binance.
How Does Green Satoshi Token (GST) Work?
Users must first download the STEPN app, which is currently in public beta on the Play Store and App Store. After the app is installed, users must register via email, and a verification code will be issued to the email address they provided to access the app.
After opening the program, users should click the wallet symbol in the upper-right corner to set up a wallet. The system will produce a 12-word secret phrase to prevent illegal access to the wallet.
The final step involves depositing Solana (SOL) into the wallet to purchase non-fungible token (NFT) sneakers from the marketplace. The marketplace includes a Filter tool to simplify sneaker selection. Due to gas fees, it’s crucial to maintain an account balance that is better than the NFT sneaker’s purchase price.
After acquiring new sneakers, users can earn a Green Satoshi Token (GST) by running or walking. Sneakers gradually lose energy with each activity, but 25% of the energy is replenished every six hours according to the schedule: 00:00, 06:00, 12:00, and 18:00 AEDT time.
Currently, STEPN offers one game mode, Solo, with a Marathon option in development. The Background mode allows users to earn GST passively, even without walking or running.
In Solo mode, users must enable their location, as moonwalking (inactive GPS signals) is not rewarded. STEPN employs GPS tracking, motion sensors, health data, and machine learning to prevent cheating.
From levels 0 to 29, users can only earn GST. Achieving milestones unlocks features such as sneaker minting, leasing, and sockets for adding gems to enhance performance. There are four gem types: Yellow for efficiency, Blue for luck, Red for comfort, and Purple for resilience.
At level 30, users can earn the Green Metaverse Token (GMT), STEPN’s governance token. Users can alternate between earning GMT and GST at this level, subject to cool-down periods.
The type of sneaker determines the earning amounts; Walker sneakers earn the least, while Trainer sneakers earn the most. Five attributes are included in each category: Epic, Legendary, Rare, Uncommon, and Common.
Furthermore, STEPN intends to provide customization possibilities for sneakers via GST, GMT, or NFTs, though this functionality is currently being developed. STEPN currently collaborates with prominent footwear labels to create unique co-branded releases.
How Is The Green Satoshi Token Network Secured?
Solana powers the move2earn mobile NFT game STEPN and its utility coin, GST. The Solana network’s security is based on a unique fusion of Proof-of-Stake (PoS) and Proof-of-History (PoH) consensus processes.
PoS is utilized as a monitoring tool for PoH activities. PoH is the core component of the protocol that handles most network transactions and records successful operations and the intervals between them.
Is the Green Satoshi Token Coin A Good Investment?
M2E (Move-to-Earn) platforms have recently gained popularity. As Web3 technology evolves and improves, the number of M2E platforms built with their own native tokens increases. GST has the potential to climb even higher, given its all-time high of $9.03.
However, the extent to which the GST price will grow depends entirely on whether market circumstances improve and the number of customers who register to play the STEPN game.
The GST token may be regarded as an excellent long-term investment. Based on the possibility of GST climbing in the next five years, we can forecast that the coin will be worth $18.03.
Closing Thoughts
By integrating Game-Fi and Social-Fi, STEPN sets itself up for success. Offering prizes for a healthy lifestyle enables STEPN to swiftly establish and retain a large user base. The project’s commitment to combating climate change also fits its ambitions, as firms and countries worldwide seek carbon neutrality or harmful emissions.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
