The market is in turmoil because of the NFT-based coin called GMT, jogging can also “plow virtual money”

This NFT coin has grown 220 times since going public.

In the midst of the gloomy NFT game market, a project separate from this segment, STEPN (GMT), has set a new value record.

STEPN GMT token x220 times from IDO price, new ATH peak

At noon on March 30, the GMT token price of the STEPN project surpassed the threshold of 2 USD and temporarily established ATH at 2,239 USD, an increase of more than 110% compared to 24 hours ago. In the last 2 days, GMT also recorded a new impressive upward momentum with a steady increase of nearly 50%.

The trading volume of the GMT/USDT pair on Binance in the last 24 hours is nearly $2.4 billion, overwhelming the top names like BTC/USDT ($1.9 billion) and ETH/USDT ($1.6 billion) ).

STEPN is a project that uses the Move-to-Earn model, allowing users to earn money just from running every day. To do that, users need to download STEPN’s app, then buy a pair of shoes that match their mobility and earn GMT from each of their workouts.

STEPN uses 2 tokens in its project, GMT (administration token, total supply of 6 billion tokens) and GST (in-game bonus token, infinite supply).

4H graph of the GMT/USDT pair on Binance at 12:50 PM on March 30, 2022

Thanks to the novelty as well as the support of health training, STEPN was selected as the 28th project to receive IEO on the Binance Launchpad platform on March 9, despite coming from Solana. A total of 8.7 million BNB were locked by Binance users to participate in the IEO, worth nearly $3.5 billion.

420 million GMT has been allocated to Binance investors at an IEO price of 0.01 USD. This means that GMT is now up to more than 223x from the initial asking price.

Much of the growth momentum of GMT comes from the news that STEPN is about to connect to BNB Chain in April, as well as support trading/swap GMT right on the running app. The STEPN team aims by the end of 2022 to organize real-life interactive events between runners to form the SocialFi trend, i.e. a social network that applies crypto elements to promote decentralization. .

(Refer to coin68)

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