GMT Vesting & Utility

GMT Vesting Mechanics

30% of total GMT will be distributed to users through move&earn and Governance participation. To ensure the longevity of the STEPN project, the total release of GMT will halve every two years. For more about GMT token distribution and vesting schedule, please visit https://stepn.com

Supply

The GMT is minted at the Token Generation Event (TGE), with a total of 6,000,000,000 minted on 9th Mar 2022. Following is the contract address of GMT:

GMT Burning Mechanics (Destroying)

NFT

  1. 1.
    Burn GMT to reach level 5/10/20/29/30
  2. 2.
    Burn GMT to upgrade Level 4+ Gems
  3. 3.
    Burn GMT to mint ALL Sneaker qualities
  4. 4.
    Burn GMT to re-distribute Attribute points
  5. 5.
    Burn GMT to enhance a better quality Sneaker

Enhance In-app Mechanics

  1. 1.
    Burn GMT to permanently increase GST Daily Earning Cap
  2. 2.
    Burn GMT to permanently improve success rate of ALL Gem upgrade
  3. 3.
    Burn GMT to permanently improve the chance to receive a higher quality Sneaker from opening Shoebox
  4. 4.
    Burn GMT to permanently improve the chance to receive TWO Sneaker from Shoe-Minting

GMT Additional Utility

MOOAR
MOOAR members can use GMT as Ticket to vote on MOOAR's Launchpad's project, successfully winning voting on the winning project will entitle user to join a Raffle Pool to win the minting right of the project.
MOOAR members can use GMT to trade NFTs on MOOAR.
MOOAR members can burn GMT to create AIGC NFT collection, or to train their own profile engine.