GMT price

FAQ About GMT

• What is STEPN (GMT)?

  STEPN (GMT) is an innovative move-to-earn platform that combines a fitness application with a play-to-earn game, built on the Solana blockchain. This unique concept allows users to earn rewards by participating in physical activities such as walking, running, or jogging. By purchasing Non-Fungible Token (NFT) sneakers, users can earn in-game rewards based on their activity levels. STEPN aims to promote healthier lifestyles by incentivizing physical exercise with real-world rewards.
  Available on both Android and iOS devices, STEPN offers a fun and rewarding way for users to stay active while earning digital rewards. This platform seamlessly integrates fitness and cryptocurrency, creating a new way for users to benefit from both physical activity and NFTs.

• How to buy GMT

  To buy GMT, you can follow these general steps:
  
  1. Choose a cryptocurrency exchange and Create an Account
  Start by selecting a reputable and reliable cryptocurrency platform that supports GMT trading. You can also buy GMT here on Toobit. Sign up.
  
  2. Complete Verification (Not Mandatory):
  Read our How to Complete Identification on Toobit guide for more information.
  
  3. Deposit Funds:
  Deposit funds into your Toobit account. This could be done via credit/debit cards, or your crypto wallet.
  
  4. Navigate to GMT:
  Once your account is funded, navigate to the Markets section of the platform.
  
  5. Buy GMT:
  Locate GMT in the list of available cryptocurrencies.
  Place a buy order. Read our How to Buy Crypto on Toobit guide for more information.

• How to Sell GMT?

  You can sell GMT to USDT here on Toobit. Read our guide on How to Trade Spot on Toobit for more information.

• What is GMT price Now?

  Are you looking for GMT Price? Live GMT price is updated in real-time on Toobit.

• How to Withdraw GMT on Toobit?

  You can withdraw GMT and other crypto tokens into USDT here on Toobit. Read our How to Withdraw Crypto on Toobit guide for more information.

• How does STEPN work?

  STEPN, a leading move-to-earn platform, operates on a dual-token system, comprising GST (Green Satoshi Token) and GMT (Green Metaverse Token). These tokens fuel the ecosystem, offering both utility and governance functionalities to users.
  How STEPN’s Token Model Works
  GST – The Utility Token:
  Users earn GST by being physically active while wearing their NFT sneakers. The amount of GST generated depends on the type and efficiency of the sneakers, with higher efficiency sneakers yielding greater rewards per minute. GST can be used for in-app activities such as sneaker upgrades, minting new sneakers, or selling on the marketplace.
  GMT – The Governance Token:
  Upon leveling up their sneakers to level 30, users unlock the ability to earn GMT. As the governance token, GMT empowers users with voting rights within the STEPN ecosystem, shaping the platform’s future development.
  Gamification and Incentives for a Healthier Lifestyle
  STEPN integrates gamification features to motivate users toward an active lifestyle. These include:
  In-game rewards for achieving milestones.
  Daily energy allowances that determine activity limits and earning potential.
  Customized sneakers that can be tailored for performance or style, adding a personal touch to the user experience.
  By blending fitness, NFTs, and blockchain technology, STEPN incentivizes users to adopt healthier habits while engaging in a rewarding and interactive ecosystem.

• What are the potential use cases for STEPN?

  STEPN is a pioneering move-to-earn platform that motivates users to adopt healthier lifestyles by rewarding physical activity. By combining blockchain technology, gamification, and fitness, STEPN creates a unique ecosystem where staying active becomes both engaging and rewarding.
  Earn Rewards for Staying Active
  STEPN encourages physical activity by offering in-game compensation for activities like walking, jogging, or running. Users can use these rewards within the app to enhance their experience or convert them for external use, depending on their goals. The platform gamifies fitness to make exercising more enjoyable and fulfilling.
  Upcoming Marathon Mode for Competitive Fitness
  The introduction of Marathon Mode promises to elevate the experience further by enabling users to participate in weekly and monthly races. Users can track their progress, earn additional rewards, and compare achievements on a leaderboard, fostering a sense of community and competition among participants.
  A Commitment to Carbon Neutrality
  In addition to promoting personal health, STEPN contributes to global sustainability efforts. The platform purchases Carbon Removal Credits on the Solana blockchain, actively working to offset its carbon footprint and combat climate change.
  With its blend of fitness incentives, environmental impact, and gamified experiences, STEPN is reshaping the way people view physical activity and sustainability in the digital age.

• What is the history of STEPN?

  Launched in August 2021, STEPN was co-founded by Yawn Rong, an Australian blockchain entrepreneur, and Jerry Huang, a seasoned game developer. Combining their expertise in blockchain and gaming, the duo set out to revolutionize fitness and lifestyle through blockchain innovation.
  Accelerated Growth and Development
  STEPN achieved remarkable progress within its first year. The project moved from its initial development stage to an open beta release in just five months, demonstrating its commitment to agile development and innovation. Following a successful Initial DEX Offering (IDO) in March 2022, STEPN has continued to enhance its in-game features and announced plans to expand its ecosystem to other blockchain networks.
  Backed by Leading Crypto Investors
  STEPN has attracted substantial support from prominent venture capital firms, underscoring the project's credibility and long-term potential. Among its key backers are Sequoia Capital, Solana Capital, and Alameda Research, whose investments have helped propel STEPN’s vision forward.
  With strong funding, a visionary team, and ambitious plans for cross-chain expansion, STEPN is well-positioned to continue transforming the way people engage with fitness and blockchain technology.

• STEPN Price Prediction Indicators

  Moving averages (MAs) are widely used tools for STEPN (GMT) price predictions, helping traders identify trends and potential price movements. A moving average calculates the average closing price of GMT over a specific period, divided into equal time intervals. For instance, a 12-day Simple Moving Average (SMA) is calculated by summing GMT’s closing prices over the last 12 days and dividing the total by 12.
  Types of Moving Averages
  Traders use two main types of moving averages:
  Simple Moving Average (SMA): This provides a straightforward average of GMT prices over a selected time frame.
  Exponential Moving Average (EMA): Unlike SMA, EMA places greater emphasis on recent price movements, allowing for quicker reactions to market volatility.
  Key Moving Averages and Their Significance
  Commonly used MAs include the 50-day, 100-day, and 200-day moving averages, which serve as critical benchmarks in crypto price analysis:
  A GMT price movement above any of these averages is generally viewed as a bullish signal, indicating upward momentum.
  Conversely, if GMT drops below these moving averages, it is often interpreted as a bearish indicator, signaling market weakness.
  Additional Price Prediction Tools
  Traders often supplement moving averages with other tools to strengthen their predictions:
  Relative Strength Index (RSI): Evaluates whether GMT is overbought or oversold, offering insights into potential trend reversals.
  Fibonacci Retracement Levels: Help identify possible support and resistance levels, enabling traders to predict price corrections and continuations.
  By combining these technical indicators, traders can gain a more nuanced understanding of GMT's potential price trajectory within the STEPN ecosystem.

• How to read STEPN charts and predict price movements?

  Candlestick charts are essential tools for traders, offering more detailed insights than simple line charts. These charts display the price action of STEPN (GMT) over various time frames, allowing traders to analyze price trends with different granularities. For example, traders can choose a 5-minute candlestick chart to examine very short-term price movements or a weekly candlestick chart to identify long-term trends. Other popular time frames include 1-hour, 4-hour, and 1-day candlestick charts.
  Analyzing STEPN Price Action with a 1-Hour Candlestick Chart
  Let’s take a 1-hour candlestick chart as an example to understand how it reveals key price data. Each candlestick represents 1 hour of trading activity and displays important information, including the opening price, closing price, and the highest and lowest prices that STEPN (GMT) reached within that 1-hour period.
  Interpreting Candlestick Colors
  The color of each candlestick provides crucial information. A green candlestick indicates that the closing price was higher than the opening price, signaling a bullish trend. Conversely, a red candlestick suggests that the closing price is lower than the opening price, indicating a bearish trend. In some cases, hollow or filled candlestick bodies may be used instead of colors to convey the same information.

• What affects the price of STEPN?

  Just like any other cryptocurrency, the price action of STEPN (GMT) is driven by supply and demand dynamics. These market forces can be influenced by several fundamental events such as block reward halvings, hard forks, or protocol updates. Additionally, factors like regulations, adoption by businesses and governments, cryptocurrency exchange hacks, and other real-world events can also have a significant impact on GMT price fluctuations.
  The market capitalization of STEPN can experience substantial changes in a short period, affecting its overall price movement.
  Monitoring GMT ""Whales"" and Their Impact on STEPN Forecasts
  Traders often look to monitor the activity of GMT whales, referring to individuals or entities that hold a large amount of STEPN tokens (GMT). Since the STEPN market is relatively smaller compared to traditional financial markets, whales have the potential to significantly influence STEPN’s price movements. By tracking the buying and selling behavior of whales, traders can gain valuable insights into potential price trends and forecast future GMT price action.