- What is GMT and what is it used for within the STEPN ecosystem?
- GMT is the governance and utility token for the STEPN move-to-earn platform. It powers in-app features, rewards, and staking mechanics that support the GameFi-like experience around walking, running, and other activities. Users can earn GMT by engaging with the app, participate in on-chain governance, and stake GMT to earn additional rewards. The token also interacts with the platform’s economy by influencing item upgrades, marketplace dynamics, and incentive structures designed to encourage sustainable movement and adoption of the app.
- How many GMT tokens are in circulation and what is the maximum supply?
- As of now, approximately 3.11 billion GMT tokens are in circulating supply, with a hard cap of 6 billion GMT. The maximum supply means there is a finite pool of GMT that can ever exist, which can influence long-term scarcity and potential price dynamics. Investors should monitor issuance details from STEPN’s official channels for any updates on token allocation, vesting schedules, or changes to supply mechanics.
- What is the current price of GMT and has the price recently moved up or down?
- GMT is currently trading around $0.0157 per token. In the last 24 hours, the price decreased by about 1.01%, reflecting modest short-term volatility common in many altcoins. Like most crypto assets, GMT’s price can be influenced by broader market sentiment, platform updates, user adoption metrics, and macroeconomic factors. For precise values, check real-time quotes on trusted exchanges and price aggregators, and consider looking at 7- and 30-day trends for a better sense of momentum.
- How can I acquire GMT and what should I watch for when buying?
- GMT is available on several cryptocurrency exchanges. To purchase, you typically need to create an account on an exchange that lists GMT, complete identity verification, deposit funds (fiat or crypto), and place a buy order. After acquisition, transfer GMT to a secure wallet if you intend to hold long-term, or keep it in the exchange if you plan to trade. When buying, review liquidity, trading pairs, and the exchange’s security measures. Be mindful of withdrawal fees, network congestion, and potential regulatory considerations depending on your jurisdiction.
- What should advanced users know about GMT’s utility, staking, and governance?
- Advanced users should note that GMT often features staking and governance components within STEPN’s ecosystem. Staking GMT may unlock rewards, boost certain in-app benefits, or enable participation in on-chain governance votes that influence protocol upgrades, feature rollouts, or economic parameters. Stay informed about lock-up periods, APR/APY estimates, and risk factors associated with staking (e.g., smart contract risk, potential emission schedules). Participation typically requires interacting with the STEPN app or related DeFi interfaces, and you should verify contract addresses and platform legitimacy before approving transactions. Always review official documentation for current staking terms and governance processes.
