GMT
GMT

STEPN price

$0.045410
-$0.00053
(-1.16%)
Price change for the last 24 hours
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STEPN market info

Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price.
Market cap = Circulating supply × Last price
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
All-time low
Lowest price a coin has reached in its trading history.
Market cap
$125.37M
Circulating supply
2,755,279,193 GMT
45.92% of
6,000,000,000 GMT
Market cap ranking
--
Audits
CertiK
Last audit: May 1, 2021
24h high
$0.047190
24h low
$0.043140
All-time high
$4.4000
-98.97% (-$4.3546)
Last updated: Apr 30, 2022
All-time low
$0.040670
+11.65% (+$0.0047400)
Last updated: Mar 11, 2025

GMT calculator

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STEPN price performance in USD

The current price of STEPN is $0.045410. Over the last 24 hours, STEPN has decreased by -1.15%. It currently has a circulating supply of 2,755,279,193 GMT and a maximum supply of 6,000,000,000 GMT, giving it a fully diluted market cap of $125.37M. At present, the STEPN coin holds the 0 position in market cap rankings. The STEPN/USD price is updated in real-time.
Today
-$0.00053
-1.16%
7 days
-$0.00875
-16.16%
30 days
-$0.00639
-12.34%
3 months
-$0.11549
-71.78%

About STEPN (GMT)

2.5/5
TokenInsight
2.5
11/20/2022
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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    By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.

When fitness meets blockchain, STEPN stands out as a distinctive and influential player. Driven by its native token, GMT, STEPN is changing how we think about fitness and blockchain, building a fitness-focused system within the decentralized world. The key innovation of STEPN is its clever way of motivating physical activity by offering real rewards, reshaping how we stay motivated for fitness in the decentralized finance (DeFi) age.

What is STEPN?

STEPN is a mobile app built on the Solana blockchain that leverages blockchain technology to motivate individuals to lead a more active lifestyle. It achieves this by rewarding users with GMT tokens for engaging in physical activities within the STEPN ecosystem. Users can accumulate GMT tokens simply by walking or running, merging the pursuit of a healthier lifestyle with the potential to earn rewards.

The STEPN team

Jerry Huang and Yawn Rong co-founded STEPN. Developed by Satoshi Lab, an Australian fintech company, STEPN earned distinction as the winner of the Solana Ignition Hackathon Gaming Track in 2021. Notably, it was the sole mobile game to receive this award.

The judges commended STEPN for its game design, integrated marketplace, user-friendly interface, wallet functionality, and ambitious goal of attracting non-crypto users to the app. With a strong foundation and recognition in blockchain gaming, the STEPN team is poised to bring innovative gaming experiences to a broad audience.

How does STEPN work?

STEPN employs blockchain technology to monitor users' physical activity using GPS and motion tracking sensors commonly found in smartphones. The app records the steps users take and translates them into GMT tokens. The more active a user is, the more tokens they earn. These tokens can be traded, staked, or used for purchases within the STEPN marketplace.

First, users must download the mobile app from either the iOS App Store or Google Play Store and sign up for STEPN. Upon registration, a wallet is created. The next step involves acquiring a Sneaker, a non-fungible token (NFT) responsible for tracking users' steps and activity within the app. To obtain a Sneaker, users transfer GMT tokens to their in-app wallet.

With these initial steps complete, users can start earning tokens by participating in STEPN's Solo mode game. Generating Green Satoshi Tokens (GST) requires energy, where 1 unit of energy corresponds to five minutes of movement for earning. GST tokens serve various purposes, such as minting shoes, repairing and enhancing sneakers, leveling up footwear, and accessing mystery boxes. The platform also incorporates an anti-cheat system, meaning the app will not function properly on jailbroken or rooted devices.

GMT tokenomics

GMT tokens have a total maximum supply of 6 billion tokens, with 1,095,050,379 tokens currently in circulation. GMT tokens follow a deflationary model, which involves burning a portion of the tokens used within the ecosystem. This gradual reduction in total supply over time can potentially enhance the value of the remaining tokens.

GMT use cases

GMT serves as the reward mechanism driving user engagement in the STEPN ecosystem. Users can earn GMT tokens by engaging in physical activities like walking and running. These tokens have practical applications, enabling users to purchase in the STEPN marketplace. The marketplace offers a range of items, including fitness equipment, health supplements, and personal training sessions. Users must acquire a Sneaker NFT using GMT to get started. Additionally, GMT tokens facilitate community involvement by enabling participation in challenges, contests, and events within the STEPN community.

GMT distribution

The distribution of GMT tokens is outlined as follows:

  • 30 percent of the total GMT supply will be allocated to users through game and governance involvement.
  • 30 percent of the total GMT supply is reserved for STEPN's ecosystem development and treasury.
  • 16.3 percent of the total GMT supply was allocated to private sales.
  • 7 percent of the total GMT supply was designated for the Binance Launchpad sale.
  • 14.2 percent of the total GMT supply was allocated to the project team.
  • 2.5 percent is set aside for project advisors.

The road ahead of STEPN 

While still in its early phases, STEPN has already made notable progress. The team is diligently advancing various initiatives, including plans to introduce the app to more countries, thereby extending its user base. Additionally, exploring partnerships with fitness and lifestyle companies could open up new opportunities for users to earn GMT tokens and enhance the app's offerings.

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STEPN FAQ

How can I stake GMT?

You can easily stake GMT tokens using the OKX Earn platform. OKX Earn allows users to earn a 1 percent annual percentage rate (APR) on flexible terms.

How can I earn GMT tokens, and what can I do with them?

Earning GMT tokens is as simple as engaging in physical activities such as walking or running. The more active you are, the more tokens you accumulate. Once earned, these tokens offer multiple utility options. They can be traded on exchanges, staked for potential rewards, or utilized to make purchases within the STEPN marketplace, which features a variety of items.

Where to buy GMT tokens?

Easily buy GMT tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include GMT/USDT. You can swap your existing cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), for GMT with zero fees and no price slippage by using OKX Convert.

How much is 1 STEPN worth today?
Currently, one STEPN is worth $0.045410. For answers and insight into STEPN's price action, you're in the right place. Explore the latest STEPN charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as STEPN, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as STEPN have been created as well.
Will the price of STEPN go up today?
Check out our STEPN price prediction page to forecast future prices and determine your price targets.

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ESG Disclosure

ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Asset details
Name
OKcoin Europe LTD
Relevant legal entity identifier
54930069NLWEIGLHXU42
Name of the crypto-asset
Gmt
Consensus Mechanism
Solana uses a unique combination of Proof of History (PoH) and Proof of Stake (PoS) to achieve high throughput, low latency, and robust security. Here’s a detailed explanation of how these mechanisms work: Core Concepts 1. Proof of History (PoH): Time-Stamped Transactions: PoH is a cryptographic technique that timestamps transactions, creating a historical record that proves that an event has occurred at a specific moment in time. Verifiable Delay Function: PoH uses a Verifiable Delay Function (VDF) to generate a unique hash that includes the transaction and the time it was processed. This sequence of hashes provides a verifiable order of events, enabling the network to efficiently agree on the sequence of transactions. 2. Proof of Stake (PoS): Validator Selection: Validators are chosen to produce new blocks based on the number of SOL tokens they have staked. The more tokens staked, the higher the chance of being selected to validate transactions and produce new blocks. Delegation: Token holders can delegate their SOL tokens to validators, earning rewards proportional to their stake while enhancing the network's security. Consensus Process 1. Transaction Validation: Transactions are broadcast to the network and collected by validators. Each transaction is validated to ensure it meets the network’s criteria, such as having correct signatures and sufficient funds. 2. PoH Sequence Generation: A validator generates a sequence of hashes using PoH, each containing a timestamp and the previous hash. This process creates a historical record of transactions, establishing a cryptographic clock for the network. 3. Block Production: The network uses PoS to select a leader validator based on their stake. The leader is responsible for bundling the validated transactions into a block. The leader validator uses the PoH sequence to order transactions within the block, ensuring that all transactions are processed in the correct order. 4. Consensus and Finalization: Other validators verify the block produced by the leader validator. They check the correctness of the PoH sequence and validate the transactions within the block. Once the block is verified, it is added to the blockchain. Validators sign off on the block, and it is considered finalized. Security and Economic Incentives 1. Incentives for Validators: Block Rewards: Validators earn rewards for producing and validating blocks. These rewards are distributed in SOL tokens and are proportional to the validator’s stake and performance. Transaction Fees: Validators also earn transaction fees from the transactions included in the blocks they produce. These fees provide an additional incentive for validators to process transactions efficiently. 2. Security: Staking: Validators must stake SOL tokens to participate in the consensus process. This staking acts as collateral, incentivizing validators to act honestly. If a validator behaves maliciously or fails to perform, they risk losing their staked tokens. Delegated Staking: Token holders can delegate their SOL tokens to validators, enhancing network security and decentralization. Delegators share in the rewards and are incentivized to choose reliable validators. 3. Economic Penalties: Slashing: Validators can be penalized for malicious behavior, such as double-signing or producing invalid blocks. This penalty, known as slashing, results in the loss of a portion of the staked tokens, discouraging dishonest actions.
Incentive Mechanisms and Applicable Fees
Solana uses a combination of Proof of History (PoH) and Proof of Stake (PoS) to secure its network and validate transactions. Here’s a detailed explanation of the incentive mechanisms and applicable fees: Incentive Mechanisms 4. Validators: Staking Rewards: Validators are chosen based on the number of SOL tokens they have staked. They earn rewards for producing and validating blocks, which are distributed in SOL. The more tokens staked, the higher the chances of being selected to validate transactions and produce new blocks. Transaction Fees: Validators earn a portion of the transaction fees paid by users for the transactions they include in the blocks. This provides an additional financial incentive for validators to process transactions efficiently and maintain the network's integrity. 5. Delegators: Delegated Staking: Token holders who do not wish to run a validator node can delegate their SOL tokens to a validator. In return, delegators share in the rewards earned by the validators. This encourages widespread participation in securing the network and ensures decentralization. 6. Economic Security: Slashing: Validators can be penalized for malicious behavior, such as producing invalid blocks or being frequently offline. This penalty, known as slashing, involves the loss of a portion of their staked tokens. Slashing deters dishonest actions and ensures that validators act in the best interest of the network. Opportunity Cost: By staking SOL tokens, validators and delegators lock up their tokens, which could otherwise be used or sold. This opportunity cost incentivizes participants to act honestly to earn rewards and avoid penalties. Fees Applicable on the Solana Blockchain 7. Transaction Fees: Low and Predictable Fees: Solana is designed to handle a high throughput of transactions, which helps keep fees low and predictable. The average transaction fee on Solana is significantly lower compared to other blockchains like Ethereum. Fee Structure: Fees are paid in SOL and are used to compensate validators for the resources they expend to process transactions. This includes computational power and network bandwidth. 8. Rent Fees: State Storage: Solana charges rent fees for storing data on the blockchain. These fees are designed to discourage inefficient use of state storage and encourage developers to clean up unused state. Rent fees help maintain the efficiency and performance of the network. 9. Smart Contract Fees: Execution Costs: Similar to transaction fees, fees for deploying and interacting with smart contracts on Solana are based on the computational resources required. This ensures that users are charged proportionally for the resources they consume.
Beginning of the period to which the disclosure relates
2024-04-02
End of the period to which the disclosure relates
2025-04-02
Energy report
Energy consumption
122.60990 (kWh/a)
Energy consumption sources and methodologies
The energy consumption of this asset is aggregated across multiple components: To determine the energy consumption of a token, the energy consumption of the network(s) solana is calculated first. Based on the crypto asset's gas consumption per network, the share of the total consumption of the respective network that is assigned to this asset is defined. When calculating the energy consumption, we used - if available - the Functionally Fungible Group Digital Token Identifier (FFG DTI) to determine all implementations of the asset of question in scope and we update the mappings regulary, based on data of the Digital Token Identifier Foundation.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.

GMT calculator

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