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Binance announced that the new Launchpad project Stepn (GMT) will be sold on the platform. Binance, the world’s largest cryptocurrency exchange, is making its 28th Launchpad announcement. It is expected that there will be great interest in the project, which includes giant companies among its investors. You can find the most detailed information about the GMT token sale on Binance from this content.
Stepn is a lifestyle focused fitness and health application with Web 3 based Social-Fi and Game-Fi elements. Anyone who does sports, walks, runs, in short, moves in real life, can generate income and earn NFT thanks to this application. Users can transact with GMT, the native token of STEPN.
Users with sneaker NFT in the game earn income by acting in their real lives. In addition, these sneaker owners can earn money by renting their NFTs and share the income with the people they rent. In the NFT market on the platform, users can sell sneaker NFTs and in-game items.
The usage areas of GMT Token in the project are as follows:
Governance (The more users stake the GMT token, the more they have a say.) Staking (GMT stakers play a key role in the distribution of staking rewards You can play and vote.) Protocol Income (used to purchase desired products in the App)
Supporters of the project include Alameda Research, Solana Ventures, Spark, DeFi Alliance There are heavyweights of the cryptocurrency industry such as The founders of the Stepn project are Jerry Huang and Yawn Rong. His advisors include sports executive Scott Dunlap, William Robinson, Jason Kam, and Web3 investor Santiago Santos, who work in the sports industry.
Where and how to buy STEPN (GMT) Coin?
The GMT Token pre-sale process will start from March 3rd. Users will have GMT Tokens based on the amount of BNB in their wallets between March 1-9. The balance of BNB holders who approve between 3 March 2022 09:00-12:00 CEST will be taken by the system for 1 week between 3-10 March 2022 03:00 CEST. On March 9 at 12:00 CET – March 9 at 13:00 CET, the subscription will be closed and the token allocation calculation will begin. Afterwards, on March 10, the average of the daily BNB balance for the week will be taken and the distribution will be made at the end.
GMT Token details
Token name: STEPN – Green Metaverse Token (GMT)
Launchpad hard cap: $4.2 million
Total token supply: 6 billion GMT
Total number of tokens allocated to users via Binance Launchpad : 420 million GMT (7% of total token supply)
Token pre-sale price: 1 GMT = $0.01 (in BNB)
Token sale format: Subscription
Supported pre-sale coin: BNB only