stepn gmt news today | Is move-to-earn the future of fitness or another fad?
stepn gmt news today | Is move-to-earn the future of fitness or another fad?
The success of stepn token shows that the move-to-earn model is growing in popularity, but will it be a fading trend or the future of fitness?
stepn has programmed a few factors that determine just how much a person can make with its sneakers and the GST is STEPN’s in-game token that currently trades for $7.30.
While stepn gmt might be racking up some serious profits for investors now, there are already a growing number of competitors emerging and new earning models could soon make it nothing more than a passing fad.
In branding and packaging move-to-earn, stepn gained popularity among crypto and NFT pundits and had a parabolic spike in upward growth. Cumulatively, stepn has amassed over 200,000 users over its lifetime with consistent volume.
On average, a stepn sneaker can earn a user up to $20 per day, while a premium tier sneaker can make users hundreds of dollars at the current price of GST.
Currently on Magic Eden, a secondary marketplace, the cheapest stepn sneaker is on sale for 16.56 SOL and the most expensive is 300 SOL.
stepn is currently in beta with new users requiring a code to participate.
Cumulatively, stepn has amassed over 223,500 users and it currently dominates the move-to-earn landscape in total market capitalization.
stepn gmt is not alone in the move-to-earn race, and recently Step App, a dapp on Avalanche blockchain, emerged as a competitor aiming to tap into the $100 billion fitness industry.
Unlike stepn gmt and Sweat Coin, Step App will build a software development kit that provides others with tools to build within its Metaverse.
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