Green Satoshi Token (ETH)
Crypto Overview
Overview
Green Satoshi Token (GST) is the utility and governance token of STEPN, a move-to-earn application built on both Solana and Ethereum blockchains. The token was launched in 2021 as part of the STEPN ecosystem, where users earn tokens by walking, jogging, or running.
Purpose and Utility
The primary utility of GST includes: Purchasing and minting virtual sneaker NFTs within the STEPN app, Upgrading and repairing NFT sneakers, Participating in governance decisions, Rewarding physical activity through the move-to-earn model.
Business Model Evaluation
The business model revolves around incentivizing physical activity and healthy lifestyle choices through tokenized rewards. Users must first purchase NFT sneakers to participate in the move-to-earn activities. The model appears transparent with clear documentation and active development.
Real-World Adoption
STEPN has demonstrated significant user adoption with millions of registered users. The GST token maintains active trading volumes across multiple exchanges and continues to be used within the STEPN ecosystem for its intended purposes.
Platform Development
The development team maintains regular updates to the platform and has expanded functionality over time. The project has established partnerships with major sports brands and continues to enhance its feature set.
Token Distribution
The token distribution includes allocations for the move-to-earn treasury, ecosystem development, and user rewards. The project maintains transparency regarding token emissions and distribution mechanisms.
Crypto Impact
To assign a comfort level investing in Green Satoshi Token (ETH) from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Green Satoshi Token (ETH).
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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