Green Satoshi Token (ETH)

Purpose and Utility

Green Satoshi Token (GST) is the utility token of STEPN, a move-to-earn lifestyle app built on the Solana and Ethereum blockchains. The token serves as the in-game currency for the STEPN ecosystem, where users earn tokens by walking, jogging, or running outdoors. GST is used for minting virtual sneakers (NFTs), repairing them, leveling up, and minting new sneakers.

Business Model Analysis

The business model revolves around incentivizing physical activity through token rewards. Users must first purchase NFT sneakers to participate in the ecosystem. The earning mechanism is tied to real physical activity, verified through GPS tracking. This model aligns with halal principles as it promotes health and involves actual utility exchange.

Real-World Adoption

STEPN has maintained an active user base since its launch in 2021. The app has recorded millions of downloads and continues to show daily active users engaging with the platform. The GST token has consistent trading volume across major exchanges.

Development Activity

The development team regularly updates the platform with new features and improvements. The project maintains active social media presence and community engagement. Technical documentation and roadmap updates are regularly provided.

Token Distribution

GST is not pre-minted but rather generated through user activity within the app. This dynamic supply mechanism helps maintain token utility and value within the ecosystem.