# GMT Earning Advanced

### **GMT Earning Milestone**

| Stage   | Prerequisite                | Event                                               | Status |
| ------- | --------------------------- | --------------------------------------------------- | ------ |
| Stage 1 | Infrastructure prerequisite | GMT Swap/Trade function opened                      | Done   |
| Stage 2 | Utility prerequisite        | GMT use case incrementally implemented              | Done   |
| Stage 3 | Burning prerequisite        | GMT burning progress bar installed                  | Done   |
| Stage 4 | GMT Earning Event           | GMT earning kick off once the progress bar hit 100% | Done   |

GMT earning is enabled on 28th Sep 2022.

### GMT Halving Mechanism

**GMT halving officially commenced on 1st January 2026**, following a postponement from the originally proposed date of 9 October 2024.

The re-introduction of halving reduces the GMT emissions and hence extends the reward lifecycle, and ensure the app’s economic model remains resilient over time.

### **GMT Earning Mechanism (General)**

Following are the GMT been distributed to each pool daily:

Classic Pool: 40%

Rainbow Pool: 60%

There is **NO** earning cap for GMT. Rather, the earning is changing dynamically every 1 mins based on the live GMT earners at the time. Similar to the concept of Hashrates\*, the GMT earning is calculated and settled every 1 minutes based on the total Rainbow Power (Rainbow Pools) and Comfort (Classic Pool) been utilized in this 1 minutes.

\* Hashrate refers to how much computing power is being used by a network (for example, the Bitcoin network) to process transactions. Take Bitcoin for example. Every couple weeks, the Bitcoin protocol automatically adjusts how difficult it is to mine new bitcoins based on the current Hashrate. When the Hashrate is high, the mining difficulty is high and thus reward is low. When the hashrate falls, the difficulty falls with it and thus reward is high.

### **GMT Earning Mechanism (Classic Pool)**

*Classic Pool is designed for all the **Non-Rainbow Sneakers**, Classic Pool comprises 40% of daily released GMT. In Classic Pool, different Sneaker types plays a contributing factor to GMT earning just like how GST earning works.*

### **Level requirement**

Classic Sneakers can start earning GMT once they reach level 30. The user will see a toggle to switch between GST Earning and GMT earning. <br>

### **Pro rata Mechanism**

The GMT earning per person are pro rata based. The more users earning GMT at a given time, the less GMT earning will be available per person. Vice Versa.

### **Comfort Mechanism**

Higher Comfort Attributes generally mean higher GMT earnings per minute.

### **GMT Earning Mechanism (Rainbow Pool)**

*Rainbow Sneaker is enabled on 12th Oct 2022. Rainbow Pool comprises 60% of daily released GMT. For detail, please refer to* [*here*](https://whitepaper.stepn.com/asset-module/sneaker-types#rainbow-sneakers)*.*