Governance & Ecosystem fund
GST Burning
All GST users spent in the app are burned daily from the Spending Account.
Team's Profit
No less than 5% of the Team's profit will be use to support the stability and growth of FSL ecosystem.
Ecosystem fund (Treasury)
Every month, 0.3% of the total GMT supply will be unlocked (18m GMT). These GMT will be used to support building STEPN's global ecosystem. Unspent GMT will be held in the STEPN treasury.
Ecosystem fund on Solana: Dqb8pfMEtnjN2K7cN3fWVhZFXqmaRhZXN6y9b9RDSH55
Ecosystem fund on Ethereum: 0x8b31d6018D2Ee253379E98475C59C934549e62b0
Ecosystem fund on Polygon: 0x8b31d6018D2Ee253379E98475C59C934549e62b0
Transparancy Log
On 6th July 2022, 50,000,000 SPL-GMT from the Ecosystem fund are burned and 50,000,000 ERC20-GMT are minted to serve as the liquidity bridge between SPL/BEP GMT and ERC20-GMT.
SPL TX (GMT burn): https://solscan.io/tx/vwNRM9nPMXKyJhK2VifCExaNPRcPDFPcz4biKQiJ7FgqgvGJZM69SbmLsLTU5eu8K3uhwQVfMjXJe51kJGMrzcF
ERC20 TX (GMT mint): https://etherscan.io/tx/0x1e8443480619c03fa9a3274042ae15cf8fa353d5fa101e8fd0ac148e2ab8271dhttps://etherscan.io/tx/0xba78f5fcee6eaf48e25a5c87d62ca1d7603d27ef1ae065375741a7fdf7e19244
Following is the Trade Fee holding address from DOOAR. The address will convert the fee into stablecoins for future ecosystem efforts:
ERC-20: 0x08b60476688D222473eaf360Da63d9627e73054C
On 7th Dec 2022, 50,000,000 SPL-GMT from the Ecosystem fund are burned and 50,000,000 ERC20-GMT are minted to deposit to Binance, a withdraw of 50,000,000 SPL-GMT is issued and sent back to the STEPN Ecosystem fund address:
Burning on Solana: https://solscan.io/tx/4YYMD3KQrEGQPbv2t5k8LMFQnikkz4QbFyBMfnCGDL1irwig4C9zFCuFtNrZo8ypJiLTxJg9aTmQGheR24gsxt3D
Minting on Ethereum: https://etherscan.io/tx/0x483fb4618dec39b64ea30677f3f1f1b2ba8f5e564e5805f5f85ac58eb87cb91f
Transfer to Binance: https://etherscan.io/tx/0xd0cdaf8ab385c727f9ec755cb7d3848871e34eb641da66376f7b0eb68b9d34e4
Transfer back to Ecosystem fund: https://solscan.io/tx/AjhDvjvFKQC4EBkbbAHod9t5RYbNggzAiSD7AHLfs6XxqYARzLN4FcigVzMNiY34TbW1tQyegUquqkkXQx4y2XF
Marketing expenditure: 3.6 million GMT will be used for marketing expenditure monthly from the monthly vested Ecosystem Fund.
On 17th June 2023, 3.085 billion SPL-GMT were burned on Solana Chain and minted on Ethereum Chain.
The GMT Mint Rights on Ethereum Chain were burned afterwards. The ERC-GMT were moved to a multi-signature address for monthly distribution. The 3.085 billion SPL-GMT comprises of the remaining GMT balance of Investor, Advisor, Team and Ecosystem Fund.
Burning evidence of SPL-GMT: https://solscan.io/tx/tvmkLbqqM9z1qHrgr75fp3Z8nWSq2YXcn7jXSr1wd2Vmq2L72QF3bAUrkiojfZvfrsdHehhMR8BFaMR7thG3Joyhttps://solscan.io/tx/5kW6W3htaH9Zggxz5JoVPGft8VJepVX3LUaqbZgfiZmmb96XZN9zhggu8o5Hk7rJtT56PCwwZbtPScuU7GGgrZZQ
Minting evidence of ERC-GMT: https://etherscan.io/tx/0xf9b9b5f80bd01712244f767505997ccc9a8d479c5908454ce0ba8b5a79c679a8https://etherscan.io/tx/0xd0d540fa757a09b12a8955edf1cce41134beced65259342cfdf1d4e7f0399bdf
Evidence of destroying Minting right on Ethererum Chain: https://etherscan.io/tx/0x9119f936b2e8442fd23c6d194eaca031708f620c89b8cfbd478a8177015f0429
On 7th December 2023, 100 million SPL-GMT was burned and 100 million Polygon-GMT was minted to provide liquidity to the GMT on Polygon:
Transfer 100m P-GMT to Binance https://polygonscan.com/tx/0x566e7f14887cb458cd98afd0157dfa08a082db896a6860a459dae2d5556e94b6
Withdraw 100m S-GMT from Binance https://solscan.io/tx/fQSti2x7G24T1cBGYjCuDgyJEY96kVEdddoFViYxk8bcx2VfPRirKmwgc74Pju2VEU7Adcv4obY8Aevpe29tpeq
On 10th April 2024, 75 million SPL-GMT was sent to the Spending Account to facilitate the possible redemption of FSL Points to GMT. This is part of the annual STEPN event - The Trailblazer. Transaction proof is provided below: https://solscan.io/tx/5o1RPgyapT1WHxjGpQmHtQmQaG8JQGNhVYZMAKB2Pye5ts3LootPdtr53QoF5nE82ovhT1jJnX2or9wUEppRTnLq
On 28th April 2024, To provide liquidity on the BSC Chain, Binance will lock 10 million SPL-GMT and mint 10 million BSC-GMT. https://solscan.io/tx/285zCUJCi9g7Kdfziym1fbp9xBpfZBxZxzv7GhJB9NSswosjm7aBaFeZQgzse2Ud93rEudeVbAhggmhaMsNR9MkT
On 5th July 2024, Binance has requested FSL to add liquidity to POL-GMT. As such, we will first mint 70m POL-GMT and send to Binance, and an equivalent 70m ETH-GMT will be withdrawn from Binance and burnt.
On 12th August 2024, To provide liquidity on the BSC Chain, Binance will lock 2 million SPL-GMT in Sol and mint 2 million BSC-GMT. https://solscan.io/tx/5idU3Ky6z5pu1oFEXiWv6Zi79g4G7zU41pQmBb7m3eD1765w6zS6D5hvHsGeBbTrN7EQuuNLahnBwoZdcnFr6z46
On 26th August 2024, To provide liquidity on the BSC Chain, Binance will lock 10 million SPL-GMT in Sol and mint 10 million BSC-GMT. https://solscan.io/tx/5JGHxiZiFkgMyxyaFzQ5MgRVMCh1j8u117DYWWxynvp7uFyy75YVZ38fwiVq6cM5ueCRzBjp6jq4vQd4aEyHzVic
On 27th September 2024, In our ongoing efforts to maintain robust market stability and ensure liquidity across platforms, we recently completed a strategic operation to support OKX with 15 million pGMT. Here is a breakdown of the steps involved in this process: We have initiated the transfer by sending 15 million eGMT from our treasury to Binance. Subsequently, we withdrew 15 million pGMT from Binance and forwarded them directly to OKX. To balance our holdings, we withdrew 15 million sGMT from OKX and transferred them back to our treasury.
Note: sGMT = GMT on Solana pGMT = GMT on Polygon eGMT = GMT on Ethereum
Transfer from Binance 1: https://polygonscan.com/tx/0xfccf36a4789800bf08fd9c18263d3b22768fe0861d29dfca5394d367a8536611
Transfer from Binance 2: https://polygonscan.com/tx/0x9f5c015279b176189c8d8e48eb5d09b5bfaef876e5269cb79a965037d300aed7
On 10th November 2024, To enhance user trading experience, we have added 20 million GMT and 2 million GGT to STEPN GO's liquidity pool. https://polygonscan.com/tx/0x5000acf098eb02ea440ad5bf2e2ffd99575fc781d2bec91edd99036a9c668430
On 13th February 2025, There have been liquidity issues for GMT on Solana chain (sGMT), and we have been requested by exchanges to provide the same. Hence following steps are being taken and we would like to inform the community of the following:
Mint 709, 504,827 GMT on polygon chain (pGMT)
Transfer this pGMT to Upbit:
Receive equivalent sGMT from Upbit This sGMT is then sent to several exchanges for liquidity provisions, and in return the equivalent eGMT and pGMT is being withdrawn and burnt. The remaining 460 Million GMT will be burnt over the next 7 days
Mint on Polygon: https://polygonscan.com/tx/0x2259427d977d26e774c3d93a47283952ed003e30578fc2999a366a077e67bd90
Trasnsfer to Upbit: https://polygonscan.com/tx/0xa27ce72d732375d2f3adbb546058c58ab70882726641263eb17a5bce91050bf3
Transfer from Upbit: https://solscan.io/tx/4348K3vu6aHcqEE7XZYP4xhvocHdQzz2mdi4uYtwU2e4YLz7nPtpSFabFCWmC8KoXu7uFkKYshZUVFavzMBoUPK3
eGMT Burn: https://etherscan.io/tx/0x786d6d709ec4d6037910897da000b25e5e421a4bf8a386e62c53fbced9e94dd8
pGMT Burn: https://polygonscan.com/tx/0xf8a6b3eddb09a747f0071ed49f9c418cc76fdeb10e7b94fabc3d0f5cbf52265f
eGMT Burn: https://etherscan.io/tx/0x7cc77d6e30c144c29a1395aab61d924f4d0dc59f392cf633b034d10871cc98c5
eGMT Burn: https://etherscan.io/tx/0x1bfc6e7fab1178fb8c6aea8228177a3508359869c46415e2838ebede35fe69d3
eGMT Burn: https://etherscan.io/tx/0xb44e9257f4cd27fe03b32af4c80788218a9c65e5bfd99eeb425b261c99dab741
eGMT Burn: https://etherscan.io/tx/0xc9cc9f962d241a2a7dcafcb6b669bba4b29478515c6ae54f70078e0d6a90d46f
On 9th December 2025, To provide liquidity on the BSC Chain, Binance will lock 2 million SPL-GMT in Sol and mint 2 million BSC-GMT.
Transfer to Binance https://solscan.io/tx/5idU3Ky6z5pu1oFEXiWv6Zi79g4G7zU41pQmBb7m3eD1765w6zS6D5hvHsGeBbTrN7EQuuNLahnBwoZdcnFr6z46
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