How to Buy STEPN Token – Quick Guide
Checkout, a quick guide to buying Stepn just in a few quick steps:
Signup a Coinbase Account: Go to the Coinbase exchange and sign up for a free account. KYC documents are used to verify your identity.
Make a Deposit: With Coinbase, you can buy Stepn coins using fiat currency or USDT. To do this, just use a bank card to transfer or deposit cash into your Coinbase wallet.
Buy STEPN: Search for GMT on Coinbase – or Coinbase Pro for lower fees; once set up, you can log in with the same Coinbase credentials – and place a buy order.
Where to Buy GMT Token – Best Crypto Platforms
Similar to ApeCoin, STEPN has many private equity investors and was quickly listed on the majority of the major cryptocurrency exchanges. These are some of the best places to purchase GMT:
1. Coinbase: One of the Best Crypto Platform to Buy GMT
Coinbase Global, Inc., also known as Coinbase, is a cryptocurrency exchange platform based in the United States. Coinbase is a distributed company; all employees work remotely, and there are no physical headquarters. It is the largest cryptocurrency exchange in the United States by trading volume.
While the company provides various high-value products for individual and institutional investors, corporations, and developers, the ability to buy, sell, and trade over 100 different cryptocurrencies and crypto tokens is its defining feature.
The company went public in April 2021 through a direct listing on the Nasdaq exchange. Its quarterly trading volume has increased to $327 billion, and the platform’s assets have grown to $255 billion.
Coinbase has 98 million verified users and 150 crypto assets and listed the GMT coin on April 28, 2022, which caused the price of GMT to surge to nearly $4.90 on Coinbase alone. Coinbase lists almost all available cryptocurrencies, including Ethereum, Bitcoin, LUNA, Uniswap, Cardano, etc. In addition, it supports meme currencies like Dogecoin and Shiba Inu.
Coinbase charges a 3.99 % fee for purchases made with a debit or credit card; this fee is reduced to 1.49% when ACH transfers are used, or you can use Coinbase Pro for free bank transfer deposits.
2. Crypto.com: Leveraged Trading on GMT
Crypto.com is one of the most popular cryptocurrency wallets, with more than 9 million global users, and allows you to buy and sell more than 250 cryptocurrencies with cheap trading fees. Crypto.com processes over $2 billion worth of transactions every day. In addition, the company offers both crypto-to-crypto and fiat-to-crypto services, with various payment methods, including credit cards, wire transfers, and cash deposits at any ATM worldwide.
In addition to being a wallet provider, Crypto also offers trading services for Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP) through its subsidiary company, Crypto Capital Corp.
The company’s headquarters are located in Hong Kong, with additional offices in the United States, Japan, Singapore, and South Korea. On February 22, 2014, Samuel Leach and Matt Mickiewicz founded Crypto in Zug, Switzerland.
Deposits on this platform require a $1 minimum account balance. The maker/taker fees range from 0.04 percent to 0.40 percent. Purchases made with a credit or debit card incur no fee during the first 30 days after account opening. Users can also earn up to $2,000 for each referral.
The ability to stake cryptocurrencies is the platform’s primary selling point. Customers who stake or store their cryptocurrency in a crypto.com wallet can earn up to 14.5 percent annual interest rate. In addition to trading, the exchange offers staking incentives, Visa card benefits, NFT trading, DeFi products, and other services.
3. Binance: Trade GMT with Leading Crypto Exchange
Binance is one of the world’s most popular cryptocurrency exchanges. It’s been around for a while and is still going strong. The exchange has grown from a small startup to one of the world’s largest cryptocurrency exchanges.
Binance provides its customers with much more than just cryptocurrency trading. They provide crypto-to-crypto, crypto-to-fiat, and fiat-to-crypto trading. They also offer margin trading, futures trading, and ICO listing services.
Binance makes use of two-factor authentication (2FA) and FDIC-insured USD deposits. Binance also protects its customers with device control in the US, address whitelisting, and cold storage.
Fees for buying and selling range from 0.015 to 0.10 percent, 3.5 percent or $10, whichever is greater, for debit card purchases, and $15 for US wire transfers.
4. eToro to List GMT in 2022
GMT is not yet available on eToro, but given its popularity, we can expect it to be added soon. eToro is a social trading and investment platform that allows you to invest in stocks, commodities, indices, and forex online. It also gives you a social trading experience by allowing you to copy the trades of other traders and share your investments with others. In addition, eToro has low fees, no minimum balance requirements, and high liquidity.
eToro provides a comprehensive online brokerage platform in other countries. However, eToro is a rookie in the United States market and only offers crypto trading in the United States. The eToro platform includes 27 cryptocurrencies, a transparent fee structure, and an active user community. If all you want is a low-cost crypto exchange, be aware that eToro has relatively high trading fees.
Learn more about how to stake cryptocurrency.
Making a deposit at eToro is completely free. Deposits can be made using a bank wire transfer, credit or debit card, PayPal, Skrill, Sofort, or Netteller, among other options. The minimum deposit amount varies according to the user’s location. Individuals in the United Kingdom and the rest of Europe, for example, must make a minimum deposit of $200 before trading. In addition, users in the United States must deposit $10.
Update 2024 – Going forward, the only cryptocurrencies eToro customers in the United States will be able to trade on the platform will be Bitcoin, Bitcoin Cash and Ethereum.
What is STEPN (GMT)?
STEPN is a Web 3.0 fitness program that rewards users who exercise with cryptocurrency using the “move2earn” concept. The app rewards users in GMT (the project’s governance token) and GST (the GST token) (Green Satoshi Token). Users must first purchase STEPN NFT sneakers to use the app. After purchasing their footwear, they can earn GST and GMT by walking, jogging, or running.
In August 2021, Yawn Rong, an Australian blockchain entrepreneur, and Jerry Huang founded STEPN. Yawn Rong, a well-known player in the crypto community, has invested in Algorand. He is the founder of Crypto SA, an Australian Crypto Fund and pro-regulatory auditor, as well as the South Australian Blockchain Association’s industry spokesman.
Jerry Huang is a Hong Kong-based game developer who co-founded the Falafel Games studio. STEPN’s initial round of investors, which raised $5 million, included Binance Labs, Alameda Research, Folius Ventures, and Sequoia Capital as investors.
GMT’s bullish interest can be attributed to the simple token reward system of STEPN. If you move around a lot, you earn more money. Those interested in joining must first purchase NFT footwear. Each sneaker has a unique feature and a set of requirements. Standard joggers, for example, can assist you in earning tokens by running lightly. Conversely, runner shoes can only earn tokens by sprinting.
In addition to an in-app marketplace for buying and selling NFT sneakers, the STEPN app includes an in-app wallet with built-in swap functionality. STEPN is concerned about the environment, in addition to health and exercise. Some of the money made is used to buy “carbon removal credits” on the blockchain, which is a way to fight climate change.
What Can You Do With the STEPN App to Make Money?
You can earn money on STEPN in three ways: solo, marathon, and background. First, you must wear sneakers with NFT to use these features. However, the NFTs are not required to begin exercising. As a new user, you will access STEPN’s free trial version. You can purchase the NFTs and begin earning money right away when you’re ready.
Solo Mode: You can earn GST by walking around in sneakers in Solo Mode. As a result, you’ll need the energy to earn them. Moving for five minutes will cost you one unit of energy. To immediately extend your earning period, you must either wait for the power to recharge or purchase another NFT sneaker.
STEPN imposes a 25% recharge rate every six hours. It takes the bare minimum of effort to get started and earn. The GPS signal is another thing to keep an eye on. If it is insufficient, the app will be unable to track your movements, and you will be unable to collect tokens.
Marathon Mode: The app includes a marathon tab. Under that heading, you can sign up for weekly and monthly marathons. Begin by walking 1.3, 3.1, or 4.7 miles. It’s critical to remember that you can only participate in one race at a time.
Background Mode: You can earn tokens by using the background mode while offline. When this mode is enabled, data from your phone’s step count app is sent to the STEPN app. You will, however, need NFT shoes to participate.
The STEPN company’s objectives are as follows:
We looked over the STEPN light paper, which contains information about the app’s current state and hints about future improvements. The app’s guiding principles have been highlighted.
Usability: The app’s Move-2-earn feature has turned fitness into a game, motivating millions of people to live a healthier lifestyle.
Zero entry barrier: In the future, STEPN will include NFT leasing mechanics, which will eliminate the need to own sneakers to benefit from the STEPN ecosystem. Because of the rental mechanic, newcomers will be able to rent NFT sneakers from holders, run to earn GST, and split the earnings with them (30-70 split).
STEPN Burn Mechanism
STEPN developed a GST and GMT burning mechanism to encourage more people to adopt a healthier lifestyle. The burning process reduces the circulation of GST and GMT through a variety of actions within the STEPN App.
GST is consumed when minting sneakers, repairing and leveling them, upgrading jewels, and unlocking sockets. In addition, the app will charge more GST for higher-quality sneakers. Gems and Sockets are STEPN GameFi elements used to maintain the sneaker’s durability (one of the sneaker NFTs’ characteristics).
GMT’s burn process is more complicated. It is divided into three sections:
- NFT: Use the GMT to create rare, epic, and legendary footwear.
- Improved in-app mechanics: Burning GMT increases the daily GST earning cap.
- Schadenfreude Pools: Using GMT to profit from other players’ misfortunes.
Is It Worth Buying STEPN (GMT) in 2024?
CoinMarketCap currently ranks #74 with a live market cap of $622,608,753. It has a maximum supply of 6,000,000,000 GMT coins and a circulating supply of 600,000,000 GMT coins. GMT’s value has steadily increased since its inception on March 9, 2022.
Initially trading at $0.13 on the first day, the token has increased in value 1.069 times as of May 25, trading at $1.39. However, the bloodbath in Terra LUNA weighed the token price and dragged its prices lower towards $0.9706.
Overall, GMT is a good project gaining traction due to its unique nature, but the odds of a bullish reversal remain strong, and GMT prices can reach near $1.75 or $2.10 by the end of 2022. Since it’s trading at the $1.070 level, it’s worth buying cheaper STEPN (GMT) in 2022.
Your capital is at risk.
STEPN (GMT) Price Prediction: Where does STEPN (GMT) go from here?
Early in 2022, GMT was one of the best-performing cryptocurrencies. Its move2earn concept was unique, and it was listed on important cryptocurrency exchanges like eToro, Coinbase, and Binance.
As a result of the raised sustainability concerns, popular crypto traders have begun to have a negative impact on the GMT price. Some believe we’ve also entered a crypto bear market, citing Bitcoin’s recent drop to $30,000 and lower as evidence. The recent Bitcoin drop has also harmed altcoins, most notably GMT.
Despite concerns about the project’s long-term viability, some leading cryptocurrency investors believe the price of GMT will rise in the future. People have talked about how hopeful future innovations are, like the planned NFT rental sneakers.
FLR Chart – Daily Timeframe
STEPN Price Prediction 2022
By 2022, STEPN (GMT) prices are expected to reach a level comparable to their previous all-time high. By 2022, we can expect an average price of $1.75. If everything goes as planned, the maximum price of STEPN in 2022 could be as high as $1.95. Of course, the market may crash after a long bull run, which is to be expected in the cryptocurrency market.
STEPN Price Prediction 2023
The current price range of STEPN may pique the interest of many traders, and as a result, GMT could reach $2.95 by 2023 with significant collaboration with financial institutions. It has the potential to outperform the current price trend and set new highs with an average price of $2.55 for 2023. As the cryptocurrency market continues to rise toward 2023, the price tagline may change.
STEPN Price Prediction 2024
There are signs that the cryptocurrency industry is about to enter a new epoch. There is still hope that the currency will gain a lot more attention, so the long-term price projection for GMT will rise. The year 2024 could end with an average price of $3.85 and a minimum of $3.70. The maximum possible price is estimated to be around $4.25.
STEPN Price Prediction 2025
The value of STEPN is likely to rise due to the efforts of network developers and community investors. As a result, the price forecast for 2025 is positive. According to technical indicators, GMT is expected to reach a maximum price of $6.50 by the end of 2025. On the other hand, there is a good chance that STEPN’s future will improve. As a result, the average price of GMT in 2025 is expected to be between $5.25 and $5.45, depending on the market. The maximum price of the GMT in 2025 ranges from $5.25 to $6.60, as indicated in the same phrase.
Summary
STEPN (GMT) is the governance token of the STEPN app (also known as StepN), which rose to prominence in the first two months of its existence, with many predicting that it would become the next Shiba Inu. It does, however, compete with FITFI (the native token of the similarly titled Step App), which performed well on launch as well. Even though FITFI is not yet listed on Coinbase like GMT.
To use the STEPN app, users must first purchase a STEPN shoe NFT. This could impact the GMT price by limiting the app’s long-term mainstream adoption potential. However, a leasing option is in the works to make it more accessible.
If you’re wondering where to buy GMT in 2024, it’s listed at eToro. The platform is licensed and regulated by the FCA and has one of the best reputations in the industry, also providing a wealth of educational resources to help those new to the market learn the ropes.
Other Undervalued DeFi Projects
We recently updated our list of the best altcoins to include DeFi coin, an underappreciated DeFi project (DEFC). Despite the May cryptocurrency crash, it increased in value by 350-400 percent that month after completing portions of its roadmap.
It has also retraced 98.75% of its all-time high, as has Terra LUNA, albeit after more than a year. It’s now at a low price, but it’s still more than the presale price. It has more upside potential than downside risk, and it has room to grow as the DeFi market cap recovers in 2024.
FAQ
Any risk in buying STEPN now?
STEPN has only been in operation for two months, so it has a minimal history. Its market cap is also low, particularly when compared to major cryptocurrencies like Bitcoin and Ethereum. This could result in sudden and shocking price fluctuations.
Is STEPN a secure network?
Yes, the STEPN network is secure. The first Web 3 game lets you earn money while walking or traveling. It is a popular game based on the Solana blockchain and is backed by well-known blockchain companies.
How much will STEPN be worth in 2030?
In terms of costs, the minimum, maximum, and average prices in 2030 are expected to be around $5.97, $7.09, and $6.18, respectively.
Will STEPN ever hit $5?
Yes, given the current bullish trend, GMT is likely to reach $5 in the coming years.
