Green Satoshi Token (GST) is the game token of STEPN, a Web3 lifestyle app developed on the Solana blockchain that rewards users in crypto for adopting healthier habits and living a fitter life. One of the biggest hits in the GameFi space in 2022, STEPN uses sneakers as NFTs, which can be bought on the app to earn tokens for running, jogging, and walking outdoors.

Users earn rewards in Green Satoshi Tokens or GST tokens for utilizing their NFT sneakers to walk, jog or run. The higher the energy consumption, the higher the GST rewards they can earn.

With this intent, the Move-to-Earn STEPN app aims to encourage users through incentives to live healthier and stay fit. In addition to the activity, the GST earning ability of a user also depends on how good their choice of the sneaker is in terms of comfort and efficiency.

In the Solo Mode, STEPN players earn GST tokens as rewards between Levels 0 and 29. After reaching Level 30, they have the option to earn rewards in either GST or GMT - the Green Metaverse Token, the governance token of the STEPN ecosystem.

The Green Satoshi Token (GST) crypto functions as a digital asset on two blockchain ecosystems as of June 2022. It is hosted as an SPL token on the Solana blockchain and a BEP-20 token on the Binance Smart Chain.

STEPN players need GST tokens to buy NFT sneakers within the game to get started. The earning potential for rewards depends on the type of sneaker they pick, the activity they perform, and how active they are.

The developers of the move-to-earn game have designed GST crypto to be uncapped and enjoy unlimited supply. They use token burn mechanisms to keep the circulating supply of GST in check and create deflationary pressure to support the Green Satoshi Token price.

The total supply of GST tokens distributed at the STEPN game launch was 10 million. The utility token of the GameFi can be earned based on the following factors:

1. The average speed of the player
2. The efficiency of the NFT sneaker
3. The sneaker efficiency coefficient of the sneaker, which includes additional aspects such as Gems or Sockets and NFT Badges
4. The value of the system fixed by the game developers
5. Other parameters that can influence the performance of the game

The GST earning potential for STEPN players depends primarily on the total energy they burn working out and their speed of movement. In addition, investing in a higher quality sneaker NFT increases the likelihood of generating GST tokens in the game.

Adding on extra features to develop the sneaker NFTs further by buying Gems, Sockets, and NFT Badges used for upgrading could also improve the GST earnings for players of the STEPN game.

The Green Satoshi Token functions as the utility token within the STEPN ecosystem. The following are its functions:

In-game Currency

The Green Satoshi Token crypto is used to conduct transactions, such as buying or renting NFT sneakers on the marketplace and starting playing the STEPN game. For their efforts, players earn rewards in the form of GST tokens within the game for walking, jogging, or running outdoors. They can play in a single-player format (Solo Mode) or multiplayer (Marathon Mode).

They can also use GST tokens to generate higher rewards by upgrading their sneaker NFTs and adding more features. These tokens let them buy Gems, unlock Sockets, repair their sneakers when they experience wear and tear over time and add on NFT badges to make their NFTs more lucrative.

Donate to Carbon Removal Credit

Another feature under development will allow STEPN users to donate their GST earnings for burning Carbon Credits voluntarily and combat climate change. The GST donated will be swapped for USDC or fiat currency by the STEPN team, which will then get donated for buying and burning Carbon Credits.

Crypto Asset to Trade and HODL

The rising popularity of the STEPN Web3 game has driven its digital assets GST and GMT up the popularity charts in the crypto market. The GST crypto is an attractive digital asset to add to your portfolio.

You can trade GST against other cryptocurrencies or HODL if you believe in the long-term potential of the STEPN game. Check the current price of STEPN Green Satoshi Token, live market cap, 24-hour trading volume, and news before entering your trade in STEPN Green Satoshi Token.

Earn Passive Income

Holding the Green Satoshi Token (GST) is also a lucrative way to generate passive income. You can lend liquidity to cryptocurrency exchanges, DEXs, and DeFi platforms where GST is listed and this option is supported. The option will allow you to receive attractive returns on your investment and grow your GST holdings in a low-risk and secure manner.

The STEPN Green Satoshi Token (GST) cryptocurrency has gained popularity in the highly volatile crypto market due to the rising popularity of the STEPN game. Increased demand among players signing up to play the game could lead to an uptrend in the GST price.

Furthermore, bullish sentiment in the wider crypto market and growing interest in the GameFi sector can also support the price statistics of the Green Satoshi Token.

Investor interest in digital assets and Web3 could contribute to the increase in the Green Satoshi Token price. As one of the most popular Web3 dApps with high levels of adoption, STEPN could play a crucial role in driving mainstream interest in this emerging technology, making GST crypto a valuable early investment.

The STEPN app was created by Australian fintech company Find Satoshi Lab in August 2021. After establishing the core team in September, the game gained attention by winning Solanas Ignition Hackathon Gaming Track in October 2021.

During the hackathon, STEPN stood out as the only mobile NFT-based dApp in the gaming category to win. The project co-founders, Jerry Huang, Yawn Rong, and Jessica Duan, have diverse backgrounds in game development, marketing, crypto investment, and design.

After concluding the closed beta test in the previous month, the public beta of STEPN was launched in December 2021. In Q1 2022, the team introduced the in-app NFT marketplace and trade functions.

During Q2 2022, the decentralized wallet of STEPN was upgraded to support multiple blockchains, and the marketplace was enhanced with multi-chain support functionality.

There are several ways to earn Green Satoshi Tokens:

Play STEPN Game

The best and most effective way to earn Green Satoshi Tokens is by playing the STEPN game after purchasing sneaker NFTs. You can earn more tokens by selecting the right sneaker, being active, and upgrading your NFTs to increase your potential.

Sell NFT Sneakers or Rent Them Out in the Marketplace

Another way to earn GST crypto is by selling your NFT sneakers on the in-game marketplace. The developers of STEPN will also add features that allow you to rent out your NFT sneakers to other users, earning a percentage of their rewards.

Passive Revenue

You can increase your GST holdings by providing liquidity on DeFi platforms and crypto exchanges that support this option. This offers a relatively low-risk opportunity to earn GST, although the earning potential is more limited compared to being a player.

The burning of Green Satoshi Tokens from the Spending Account within the STEPN game ecosystem occurs through the following actions:

Minting of NFT Sneakers

Whenever new sneakers are minted on the STEPN marketplace, GST tokens are burned.

Repairing of Sneakers

When a player chooses to repair their sneakers to address wear and tear, they need to spend GST tokens. This function also leads to the burning of GST crypto in the game.

Leveling Up Sneakers

When players exchange their existing sneakers for higher-value sneakers on the NFT marketplace, STEPN triggers the burning of GST tokens.

Gems Upgrade

Gems are used to upgrade NFT sneakers in the game and increase their value. Adding Gems to players' sneakers triggers the token burn mechanism for GST.

Unlocking Sockets

As players progress in the game, they gain access to more ways to increase their earning potential. One of these options is unlocking Sockets, which enhances the profitability of NFT sneakers and causes STEPN to burn GST tokens.

You can swap GST tokens from the Solana network to the Binance Smart Chain (BSC) using a bridge that supports token transfers between different blockchain networks. One option for this is the Wormhole v2 bridge.

However, bridge protocols typically allow you to swap wrapped assets from one blockchain to another and may not enable the conversion of SPL GST crypto into the BEP-20 GST token. You can transfer GST tokens between the two blockchains without wrapping using STEPN's decentralized wallet.

The Swap or Trade function of the STEPN decentralized wallet provides sufficient liquidity to convert your Solana-based GST tokens into GST crypto for use in the BSC ecosystem. Click the Swap/Trade button, enter the desired number of tokens to bridge between the chains, and execute the order.