Analysis of Green Metaverse Token(GMT)Project — CoinW Research Institute

2 min readMar 14, 2022

Green Metaverse Token(GMT) Project analysis

1.A short review of the research institute

Stepn is a web3.0 casual life app and contains social and game play. Users can be rewarded with GST tokens (governance tokens for GMT) by using sol to buy running shoes NFT on the app and to run and walk. The economic model of the project is very good and stable, and the product gameplay is very interesting. At present, all the data of the project are growing rapidly. Unlike the common web3app, the tokens produced by the project can be directly exchanged for usdc in the app, which greatly increases the enthusiasm of users’ participation

2.Recent Breakouts

Listed on binance’s IEO

3.Project Introduction

Stepn is a web 3.0 casual lifestyle app that incorporates blockchain technology and gaming elements into sports.

4.Token’s Function

a.You can upgrade your running shoes to increase efficiency

b.Pay for running shoe customization

c.Pay for mint running shoes nft

d.Upgrade running shoe gems

5.Token Allocation

Total volume 6 billion

Run mining 30%

Private Placement 16.3%

Ecosystem 30%

Team 14.2%

Advisors 2.5%

Public Placement 7%

6、Investment institutions

Solana Venture、Alabama Research、Corner venture、Sfermion

7、Future Outlook

A few years ago, there was a very popular walking project, and stepn is much better than stepn in terms of product quality and economic model design, and the introduction of stepn’s NFT game can eliminate the bubble of the project to a certain extent, making the project cycle longer and develop better in the future.