In recent years, the digital world has undergone dynamic changes. These changes have not only occurred in technology but also in people’s lifestyles. The increasing public interest in healthy & environmentally friendly lifestyles is one of the most prominent changes. Responding to this development, one of the Web3 projects that capitalize on this trend is STEPN.

 

STEPN is a blockchain-based app perfect for those who like to get active, as it compensates them with GST and GMT tokens for exercising. With digital assets such as GST and GMT, users can use them to purchase NFT shoes until they are exchanged for fiat currencies.

 

What is STEPN, and What Makes It Unique?

STEPN is a Web3 lifestyle app that allows users to earn rewards through GST and GMT tokens with sports activities such as walking, running, or cycling. Users’ rewards can be used to purchase NFT shoes, update NFT, or exchange for fiat currency.

 

Some of the unique features that make STEPN different from other lifestyle apps include:

 

First, STEPN uses blockchain technology to store user data and rewards. This makes user data more secure and, of course, transparent.

 

Second, STEPN uses the GameFi and SocialFi. The GameFi element makes STEPN more engaging and interactive for users.

 

Third, the SocialFi element provides services for users to interact with each other and form communities, for example, where users can join the STEPN community to share exercise tips & experiences.

 

Move-to-Earn Concept on STEPN 

 

 

The Move-to-Earn concept on STEPN is still relatively new in the tech world. However, it has the potential to become a new trend. This concept is similar to that used by the CashStep app, launched on the Google Play Store on May 21, 2021, where users can walk and exchange the number of footsteps for monetary rewards.

 

It can be said that this STEPN blockchain-based Web3 application is a combination of Strava, Pokemon Go, and CashStep applications. The idea of Move-to-Earn on STEPN certainly spurs people to be motivated to exercise. This is because users can get compensation through digital tokens with economic value.

 

How to Start with STEPN?

Here are the steps to use the STEPN application:

 

1. Go to the App Store or Google Play Store on your device, then search and download the STEPN app
2. Then, create a STEPN account through user registration
3. Next, connect your STEPN account to your crypto digital wallet

 

How to Earn from STEPN?

 

1. Tips for earning from the STEPN app

• Buy quality NFT shoes. Quality NFT shoes will yield more rewards
• Exercise with discipline, and the rewards you get from STEPN will be even greater
• Increase the level of NFT shoes, which will increase the amount of rewards obtained
• Join the STEPN community, as it can provide the information and support needed to earn from the STEPN app

 

2. Energy Usage 

Energy is a unit of time used to exercise on STEPN. Each sneaker has two units of energy, equal to 10 minutes of exercise. Henceforth, energy will be recovered every 24 hours. Users cannot earn rewards When using up all their energy. To get more rewards, users are required to buy extra sneakers. Sneakers of higher quality will generate more energy.

 

3. Mechanism to avoid fraud

Of course, the creators and founders of STEPN have thought visionary enough to mitigate cheating in using this application because it upholds the value of sportsmanship. STEPN has several mechanisms to prevent its users from cheating. These mechanisms include:

 

• The use of GPS to track the user’s exercise activity. For example, if a user exercises in an unlikely place, such as an indoor area, STEPN will detect cheating and reduce rewards.

 

• The use of sensors on the device to track the user’s exercise activity. If the user does not exercise but still gets a reward, STEPN will detect cheating and reduce the reward.

 

• STEPN utilizes an active community. If a user is suspected of cheating, the STEPN community can report it to the STEPN team.

 

4. How to buy NFT Sneaker shoes

When you want to buy NFT sneakers for sports, you must have an SOL token in your digital wallet. Once you have your SOL tokens, you can follow these steps to purchase NFT shoes:

 

1. Open the STEPN app
2. Click Marketplace
3. Choose the NFT shoes you want to buy
4. Click Buy
5. Confirm your purchase

 

Three Game Methods of STEPN

 

• Solo Mode

This mode is the most basic in STEPN, where users can exercise freely anywhere. The longer the mileage achieved, the more GST tokens will be earned. When starting Solo mode, users will be given two energy units. One energy unit is equivalent to 5 minutes of exercise. Every time the user exercises, they will use energy. The energy will be replenished gradually every 24 hours. If the user wants to increase the amount of energy they have, they can do so by purchasing additional NFT shoes. More expensive NFT shoes will have more energy.

 

• Marathon Mode

This mode allows users to join a virtual marathon, either held weekly or monthly. Users who complete the marathon will be rewarded with GST and GMT tokens. Registration usually opens 24 hours before the marathon starts. The organizer determines the marathon mileage that users must achieve. Users who complete the marathon will get GST and GMT tokens as rewards.

 

• Background Mode

This mode is arguably the easiest, allowing users to earn GST tokens even when not exercising. Users only need to keep their NFT shoes on for this mode to be active. Background mode will generate GST tokens slowly. The number of GST tokens generated depends on the quality of the NFT shoes.

 

STEPN Tokenomics

 

 

In its implementation, STEPN utilizes three tokens as the main tool for sustainability in the ecosystem, including:

 

• Green Satoshi Token  (GST)

These tokens purchase items in the STEPN app, such as NFT shoes, insoles, etc. GST tokens can be exchanged for fiat currency. The number of GST tokens generated depends on several factors, including:

• • Type of NFT shoes used
  • User speed during exercise
  • Distance traveled

 

• Green Metaverse Token (GMT)

These tokens are used to manage the STEPN application. GMT tokens can also be exchanged for fiat currencies and have economic value. GT tokens are generated by users when they exercise on the STEPN app and reach certain levels. The number of GMT tokens generated depends on the user’s level. GT tokens are also used for staking. Staking GMT tokens allows users to earn rewards, such as GST and GMT tokens.

 

• Solana (SOL)

Through digital assets in the form of Solana, users can utilize this native token from the Solana network to purchase NFT shoes and new sneakers. Overall, STEPN tokenomics is designed to reward users who exercise regularly. This is expected to encourage a healthy and environmentally friendly lifestyle.

 

Advantages and Disadvantages of STEPN

 

• Advantages

Here are some of the advantages of STEPN:

 

• Increase user motivation to exercise regularly
• Encouraging a healthy lifestyle
• Increase awareness of the environment

 

• Disdvantages

Meanwhile, here are some of the disadvantages of STEPN:

 

• The initial cost is high, as users must purchase NFT shoes. NFT shoes vary in price, ranging from hundreds to thousands of dollars
• Potential risk of fraud by users, to gain rewards

 

About GMT Token

The GMT token is one of the tokens used in the STEPN application. This token has several functions, one of which is to increase the status of STEPN users. To upgrade the STEPN user level, you must collect GMT tokens. Each time a user collects 100 GMT tokens, it will advance to a higher level or tier.

 

The STEPN user level is divided into five levels, namely:

• Beginner (level 1-10)
• Novice (level 11-20)
• Intermediate (level 21-30)
• Advanced (level 31-40)
• Expert (level 41-50)

 

Here are the STEPN user level-up benefits:

 

• Increasing the number of GST tokens generated, the higher the STEPN user level, the more GST tokens are generated when exercising.
• Increasing the chance of earning rewards users with higher levels have a greater chance of earning rewards, such as GST and GMT tokens.
• By increasing access to certain features, higher-level users can access certain features unavailable to lower-level users.

 

 

How to Buy GMT Token on INDODAX

For those of you who want to buy STEPN (GMT) crypto assets, you can buy them on INDODAX by following the steps below:

 

• For those of you who are not yet a member, you can register on INDODAX or login to your INDODAX account
• Next, make a deposit by reading how to make a deposit here
• After completing a deposit and the balance has entered your INDODAX account, visit the INDODAX market
• Search for STEPN (GMT to IDR)  in the IDR market, and click to visit the crypto asset page
• On the crypto asset page, determine and enter the balance and purchase price of the desired GMT coin, or buy it instantly (at the current price)
• Next, wait for the price to increase (bullish) for some time
• Once the price increases, the asset can be sold at a higher price with the Instant method
• If selling using the Limit method, a sell order can be placed after purchasing the asset, and make sure the sell number entered is higher

 

Conclusion 

STEPN can transform digital lifestyles by encouraging users to exercise regularly. This is because the app rewards users who exercise in the form of GST and GMT tokens. These rewards can motivate users to exercise regularly. This can improve the user’s health and fitness and reduce the risk of chronic diseases. STEPN can positively influence users’ health and motivation through a move-to-earn approach, combining physical activity with financial benefits. Not only that, STEPN is also instrumental in bringing innovative concepts to Web3 because of its innovation, combining blockchain technology, gaming, and physical activity.

 

Now you know more about STEPN. Don’t forget always to use the Do Your Own Research (DYOR) strategy to mitigate the risk of investing losses. Because, for future asset investment, if not now, when else?

 

To broaden your horizons about blockchain technology and the world of crypto assets, visit the latest articles on INDODAX Academy. With adequate information and knowledge, you can also start investing in crypto assets on INDODAX, which has been regulated so that it is guaranteed to be safe.

 

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