What is GMT?

Question

What is GMT?

Accepted Answer

## TLDR  
GMT is the utility token powering the STEPN ecosystem, rewarding physical activity and enabling payments within a Web3 lifestyle platform.

1. **Move-to-Earn Mechanics** – Users earn GMT by walking, jogging, or running with NFT sneakers  
2. **Ecosystem Fuel** – Burns for upgrades, unlocks premium features, and integrates with payment solutions like GMT Pay  
3. **Fixed Supply** – Capped at 6 billion tokens to incentivize scarcity through burns and utility

## Deep Dive  
### 1. Purpose & Value Proposition  
GMT incentivizes real-world movement through STEPN’s Web3 app, blending fitness with crypto rewards. Users equip NFT sneakers to earn tokens based on activity, creating a circular economy where movement generates value. This “move-to-earn” model aims to onboard non-crypto users by gamifying exercise.

### 2. Tokenomics & Governance  
GMT has a fixed supply of 6 billion tokens, with burns triggered by actions like sneaker upgrades or GMT Pay card fees. Holders govern protocol changes via decentralized voting, such as adjusting reward formulas or greenlighting partnerships like the Argentina Football Association collab.

### 3. Ecosystem Integration  
GMT anchors FSL’s expanding ecosystem:  
- **GMT Pay**: Converts crypto (including GMT) into spendable prepaid Mastercards  
- **Stablecoin Synergy**: Partners with Agora to back GGUSD, a yield-bearing stablecoin  
- **NFT Perks**: Genesis Sneaker holders get 30% fee discounts on GMT Pay

## Conclusion  
GMT bridges physical activity, DeFi, and real-world spending through its role in STEPN’s movement economy and FSL’s payment infrastructure. As Web3 fitness apps evolve, will GMT’s utility expand beyond its current burn-and-earn model to become a broader lifestyle token?

What is GMT (GMT)?

TLDR

Deep Dive

1. Purpose & Value Proposition

2. Tokenomics & Governance

3. Ecosystem Integration

Conclusion

Explore Similar Coins

Filecoin

NEAR Protocol

Gala

Cosmos

The Graph

PancakeSwap