The governance token of the Solana-based STEPN lifestyle app that uses the move-to-earn concept, GMT (Green Metaverse Tokon) hit a new high of 3.81 on April 19.
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GMT was launched on March 9 through an Initial Coin Offering (ICO), during which the price of the token was $0.01. Since then, the price of the token has increased by around 34,000%. Currently, the market capitalization of the token is above $2 billion.
In the last 7 days, the price went up by over 73%. This increase is connected with the announcement of STEPN's release of branded sneakers and shoeboxes NFTs on Bunance with the partnership of the sports equipment company ASICS.
Users need NFTs in the form of Sneakers to take part in the game. They will earn rewards by walking, jogging, running, and other physical activities. It is possible to use the earned tokens inside the game or cash out.