Do you know what are Move2Earn Games? Meet StepN Crypto!

Share


Coinmama

Stepn crypto is one of the newest games gaining traction in the digital asset space. Because of the growing demands for blockchain-based games, it’s no surprise that people want more opportunities to earn money. Blockchain games are often modeled as play-to-earn games, creating an avenue for gamers to generate income. While still new, STEPN hopes to help gamers cultivate healthy lifestyle habits. Like play-to-earn games, STEPN is a move-to-earn gaming platform striving to get players moving to earn money. Since its launching, its governance token, GMT, has continued to rally, signaling a growing interest in the new game. To earn money, you need sneakers, represented as non-fungible tokens.

What Is STEPN Crypto?

Join the Chat Discord

STEPN is a Solana-based move to earn gaming platform where players are required to walk, jog or run to earn tokens. Before you start earning tokens, you need to buy sneakers suited for your preferred physical activity. This game poses as a web3 platform that seeks to inspire healthy lifestyle habits. It does this by giving incentives to people who exercise. According to the official website, STEPN combines Game-Fi and Social-fi elements. Game-Fi is a common element in blockchain gaming because games combine gaming and finances. This combination makes it possible to earn real-world income.

Game-Fi describes blockchain-based games that give incentives to players. These incentives are often tokens, which you can convert to fiat currency. Most games in this category reward players after winning battles and completing missions. Unlike conventional games, blockchain-based games encourage people to earn money through gaming. While there are numerous play-to-earn games, STEPN is one of the first to tout itself as a move-to-earn game. Since not many move2earn games exist, it may inspire the creation of similar games.

What Are Move To Earn Games?

Move to earn games are the latest trend in the blockchain gaming industry. Move2earn games allow gamers to earn cryptocurrencies or tokens when they exercise. Not everybody enjoys exercising, so creating an incentive may push people into embracing healthy lifestyle habits. Staying in bed all day is not good for the health. Humans need to exercise regularly to stay healthy. Move to earn games essentially strive to get more people to exercise. One of the biggest platforms for this model is StepN. Earning with on the game is fairly straightforward. However, you need to purchase sneakers to earn tokens. After paying for your sneakers, you can start exercising or renting them out to other players.

Move To Earn

NFTs In STEPN Crypto

STEPN is another game that leverages non-fungible tokens. NFTs are one of the hottest assets in the industry. Non-fungible tokens can be anything you want them to be, such as videos, pictures, sneakers, and even artwork. This new industry allows creators to profit from their photography, painting, and other creative works. While the industry is relatively new, it’s gaining traction within the blockchain gaming space. In STEPN, you need sneakers represented as NFTs to participate. Once you have minted your sneakers, you can start gaming.

STEPN’S Team

Created by Find Satoshi Lab, STEPN is a unique game with an interesting structure. The Australian-based fintech won the 2021 Solana Ignition Hackathon Track. STEPN’s creator explained that the Australian bushfire inspired its creation. They want a project that could contribute to carbon neutralization. And because Game-Fi is a trending topic, they decided to create a move to earn game. While the game is still underdevelopment, gamers can still download the game and play it to become part of the growing community.

What Is GST?

STEPN has two native currencies, namely: GST and GMT. These currencies have different uses. GST acts as a utility token. You can earn this token by running and participating in in-game activities. Traders can also use it for repairs, level-ups, and minting your sneakers. You can also convert your GST token to USDC to change to fiat. Unlike the governance token, GST has an unlimited supply, and you can earn it when you move in solo or background mode.

What Is GMT?

GMT/USDT 1-DAY TRADING CHART - TradingView
Fig. 1 GMT/USDT 1-DAY TRADING CHART – TradingView

GMT is the platform’s governance token, with a limited supply of 6,000,000,000 tokens. The token has had some positive price movements in the past few days, especially with growing interest. You earn this token by jogging and playing the game. This token can also be swapped for USDC, creating an avenue for users to convert to fiat. However, you need to reach level 30 before this applies to you. The creator employed a burn mechanism to reduce the supply of GST and GMT tokens. So, this applies when tokens are used for leveling up, sneaker minting, or upgrading gems. GMT is also Green Metaverse Token, and it’s an essential part of the game.

How To Download StepN Crypto

Step 1

StepN
StepN

To download the app, you should visit the official website: www.stepn.com. On the homepage, you will find “download now,” so you can click on it to get started. It will provide a link for you to download the app.

Step 2

After your download, the app will require you to provide your email and paste your email verification code. Then, you also need the activation code. You can join the community to get your code. Once you’ve received it, paste it into your app and enter the game.

Step 3

Also, you need to create your cryptocurrency wallet. While creating it, the application will send you a seed phrase, which you need to write somewhere. Once you’ve created it, you can go to the main page.

Step 4

Spend SOL to buy your NFT sneakers. When you deposit SOL into your wallet, you can buy NFT sneakers and wait for 6 hours to begin playing the game.

How To Buy GMT On Binance

Binance is one of the biggest exchanges in the crypto space. In this article, we will show you how to buy your GMT, which is STEPN’s governance token on Binance.

Step 1

Sign Up
Sign Up

Create a Binance account: If you don’t have a Binance account, you can easily create it by downloading the app on your phone or through your preferred browser. While creating your account, you need to provide your email, password, and identity card.

Step 2

Deposit Funds
Deposit Funds

You need to fund your wallet. While there are numerous ways to fund your account, using your credit/debit card is one of the fastest options. Click on the drop-down link on your Binance account, and click on “buy cryptocurrency.” It will require you to choose a payment option. You can choose a credit/debit card.

Step 3

You should put your local currency and the appropriate details of your card. After this, add the card to your account. You can now buy the amount of USDT equivalent to the number of GMT tokens you need. Convert your USDT to GMT token by clicking on USDT and selecting “convert.” Now, you have GMT in your Binance wallet.

Conclusion

STEPN crypto is a relatively new game based on the Solana blockchain. This game is modeled as a move to earn because it rewards players when they jog, walk or run. Using NFT sneakers, players who participate in support activities earn GST and GMT tokens. The platform’s token, GMT, is slowly gaining traction as it has recorded some notable gains within the past few days.

You might also like
More from Altcoin



Source link