Green Satoshi Token (GST) is the game token of STEPN — a Web 3.0 lifestyle app with in-built fun social elements and gamification design. STEPN is the first move-to-earn NFT game where players earn GST tokens by walking, jogging and running outdoors while wearing NFT Sneakers. GST tokens can also be used to level up and mint new Sneakers, and players can sell/rent their NFT sneakers on the app Marketplace.
Check out our deep dive on STEPN.
The goal of the project is to encourage the world's population to lead a healthy and active lifestyle, as well as to acquaint people with the concept of Web 3.0. The STEPN platform is originally powered by Solana (SOL) and uses a dual-token mechanism where Green Satoshi Token (GST) is the currency in the game and Green Metaverse Token (GMT) is the governance token.
To become a part of the community, a user first downloads the STEPN mobile app, registers an account and creates a wallet. The user then deposits SOL tokens to the built-in STEPN wallet, goes to the in-app Marketplace, buys NFT Sneakers and waits 24 hours for “energy” replenishment (energy is time user workouts, in minutes, the indicator recovers at a rate of 25% every 6 hours).
**The following are the advantages of the STEPN project:**
Activity rewards motivate app users to go in for sports every day, keep themselves in good shape, improve physical health;
GameFi functionality is built into the application (Sneakers-minting, leveling up Sneakers, custom NFTs, Mystery boxes);
The STEPN ecosystem includes tools like Wallet, Swap, Marketplace;
To use the application and purchase NFT Sneakers, users don’t need a knowledge base of blockchain technology;
The mobile application is equipped with an intuitive and simple interface;
There is a free rental of NFT Sneakers on the platform. Players can buy their own pairs of shoes by accumulating the required number of tokens.
The STEPN project raised a $5.0M Seed Round from top investors including Sequoia Capital, Folius Ventures, Binance Labs, Solana Capital, Alameda Research, DeFi Alliance, M13, Corner Ventures, 6th Man Ventures, Zee Prime Capital, Sfermion, Spark Digital Capital, MorningStar Ventures, Lemniscap, WelinderShi Capital, Solar Eco Fund and Openspace Ventures.
## Green Satoshi Token on BSC
While Green Satoshi Token (GST) was initially launched on the Solana blockchain, it expanded to the recently rebranded BNB Smart Chain (BSC) at the end of May 2022. STEPN operates in a dual-token model — GST is the in-game reward token, while green metaverse token (GMT) is the governance token. It is natural for GST to launch on BSC, as STEPN has a strong partnership with Binance — having held the GMT token sale, for 7% of the total supply, on the Binance launchpad in March 2022. GST can be traded on BSC on PancakeSwap, the most popular decentralized exchange on BSC. To do so, users have to purchase BNB from an exchange like Binance and transfer it to their hot wallet, like MetaMask, Trust Wallet or Binance Wallet. Then, simply connect the wallet to PancakeSwap and swap for GST on BSC. At the time of writing, there is a price discrepancy between GST (BSC) and GST (SOL) of around 68%. This is likely due to the higher total supply of GST (SOL) at 104.3K, compared to 30.5K for GST (BSC), and different markets which they trade in — most of GST (BSC) volume is in PancakeSwap.