What Is GMT

according to market data, GMT has broken through $0.21 and is currently trading at $0.20023, with a 24-hour increase of 50.6%. The market is volatile, so please exercise caution and risk management.

STEPN GO published an article on X platform explaining the story behind the creation of STEPN GO. One afternoon, co-founders Yawn and Jerry came up with the idea of STEPN GO while chatting over coffee. The article points out that the decision to create STEPN GO instead of expanding the existing STEPN platform was based on a need for a clear vision from scratch. The initial STEPN system was successful, but mainly focused on the move-and-earn model, which limited the scope of integrating powerful social and interactive elements without disrupting the existing user experience. Regarding technical and structural limitations, integrating complex social functions requires fundamental restructuring, which could jeopardize the stability and security of the platform and user assets. Essentially, creating STEPN GO is a big step forward, providing something new for the Web3 field using the experience gained from STEPN. The article concludes that this is an innovative story sparked by a cup of coffee, proving that great ideas usually originate from small beginnings. Now, with the launch of STEPN GO, the journey towards a more interconnected and convenient world will continue, inviting everyone to join and experience the evolution of social fitness. The article states: "It is important to note that this does not mean we are giving up on STEPN. STEPN is still a valuable and fully functional platform, ensuring that both applications can develop simultaneously, each with a unique but complementary purpose in our ecosystem. In addition, while we are launching the practical token GGT for STEPN GO, GMT remains our primary governance token. STEPN is now and will continue to be a place where users can mint new GMT tokens while running, and we will add more use cases for it through STEPN GO and our future products." Earlier on May 23, STEPN announced the launch of a new social fitness application called STEPN GO, which will unlock new social, health, and reward features. STEPN GO has released a white paper and website. According to the trailer, the new application will include: -Easy access to the Haus system, supporting the borrowing and lending of sports shoes; -GGT token: Earn new GO GAME TOKEN (GGT) by walking or running; -Customizable avatars and clothing: Create and equip unique digital images and clothing to showcase on the app's interactive map; -Energy system: To maintain economic sustainability, users need to burn sports shoes to obtain energy and increase the energy limit.

STEPN will airdrop a total of $30 million worth of GMT tokens to users. Stepn is distributing 100 million "FSL" points to users, which can be exchanged for GMT tokens at a 1:1 ratio on the Stepn market. The current trading price of GMT tokens is about $0.30, making the distribution value of Stepn's points approximately $30 million.