to Cryptopotato , STEPN (GMT) has posted a 31,000% profit since the start of the token sale on the Binance launchpad on March 2. To take this as an example, if a person has received at least $1,000 (about Rs 75,500) of GMT tokens since the start of the sale and has not sold those tokens, then their value as of April 1st, according to the report. It will be around $300,000 (approximately Rs 2,26,62,150).
As we mentioned, STEPN’s GMT token is built on the Solana network and works as a “Web3 lifestyle app”. Move-to-earn is also somewhat based on the play-to-earn model, where people can earn tokens by playing games and make in-app purchases or sell those tokens. However, the Move-to-Earn project rewards users for maintaining a healthy lifestyle rather than just playing games.
Since its public beta launch in December 2021, STEPN has seen tremendous profits, and the number of daily active users on the platform has grown exponentially. The report states that on average, 1,500 daily active users in January went up from 100,000 in March. Many users are joining the STEPN app as they expect it to become the Axie Infinity of the move-to-earn model, which has seen a quadrupling of growth day by day.
In January, the project raised nearly DW5 million by selling about 16% of GMT supply to some of the industry’s biggest names, including Alameda Research, Solana Ventures, and Folius Ventures.