STEPN - move-to-earn Web3 application that allows you to earn tokens by running in special NFT sneakers.
The project raised a total of $9.2 million on Binance Launchpad and in a private sale with the participation of Sequoia Capital India, Folius Ventures, Solana Ventures, etc. Among other things, Binance Labs announced a strategic round of investment, but the amount of investment not disclosed.
Current indicators and behavior of the GMT token
The graph looks sad, but with proper marketing, prospects are visible.
Over the month, the price of the GMT token increased by almost 70%. Compared to the overall market sentiment, the token is lagging behind, so we don't think MM has taken on the job. And the volumes are small.
The project is already heavy (FDV - $1.49 billion). There are 25.76% of coins in circulation, which looks good in the short to medium term in a good market and, we repeat, with competent marketing.
Traded on all top exchanges. The “no Binance” narrative is no longer there.
Team
Behind Stepn is the Austrian company Find Satoshi Lab, specializing in projects related to NFTs and crypto.
The project has two co-founders - Jerry Huang (left) - a former computer developer online and offline games, Yawn Rong (right) – crypto investor.
Current products
The Satoshi Lab team has created several crypto-projects:
- STEPN
- DOOAR – decentralized exchange (currently in beta).
- MOOAR is an NFT marketplace.
- Gas Hero is a social game created around the concept of Battle and Earn.
Treasury
There is no exact information about the treasury, but the admin from the discord suggests that the treasury is located at this address - 0xf6f26b544b8f8761b6a4aa7f16bc7b71775dc3bd.
The wallet currently has more than 2.5 billion GMT, which is more than $718 million
MOOAR
NFT marketplace on Solana, Ethereum, Polygon, where you can generate NFTs using a special tool GNT (Generative NFT Tool).
In May of this year they updated GNT to version 3, adding AI.
It has a membership model for $30 per month or $300 per year. A few days ago they rolled out an update for premium (paid) Mooar+ users.
And today they released new MOOAR Genesis sneakers:
GAS HERO
The Find Satoshi Lab team has released the first Gas Hero game, created on the concept of Battle and Earn.
The “grand” announcement from STEPN is the opportunity to win a hero from Gas Hero Official by owners of OG or Genesis sneakers from STEPN. To do this, you need to complete several tasks listed in their twitter
