What is STEPN?
STEPN (GMT) is a revolutionary Web3 health and fitness application designed to encourage users to embrace an active lifestyle through its innovative move-to-earn model. This unique system merges elements of play-to-earn games with real-world fitness activities, offering an engaging way for individuals to earn rewards while improving their health.
Understanding the Move-to-Earn Model
At its core, STEPN is built around the concept of proof of movement. This technology allows the app to accurately verify when users are engaging in physical activities such as running, walking, or jogging, ensuring that users are rewarded for real exercise. This encourages consistent physical activity, providing an extra motivation to maintain a healthier lifestyle.
Key Features of STEPN
- In-App NFT Marketplace: Users can trade and acquire unique NFTs related to their fitness journey.
- Move-to-Earn Reward System: Earn rewards based on activity levels, turning everyday fitness into financial gain.
- Decentralised Wallet: An integrated wallet that provides users with a platform to manage their digital assets securely.
- In-App Swap System: Easily swap earned rewards for other cryptocurrencies directly within the app.
The GMT Token
GMT serves as the native governance token of the STEPN platform, enabling users to participate in various governance activities. By locking GMT, users can influence decisions regarding the distribution of staking rewards and engage with different features available in the app. Furthermore, GMT tokens can be burned to unlock sneakers upgrades and mint new NFT assets, providing additional avenues to enhance the user experience.
STEPN’s Vision for Health and Fitness
The overarching goal of STEPN is to transform the health and fitness industry by integrating advanced technology with real-life action. By incentivising physical exercise through its proof of movement model, STEPN aims not just to reward users but to encourage sustained physical activity and promote healthier lifestyles across varied demographics.
Official Resources
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