# 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): ERC20 TX (GMT mint): [https://etherscan.io/tx/0x1e8443480619c03fa9a3274042ae15cf8fa353d5fa101e8fd0ac148e2ab8271dhttps://etherscan.io/tx/0xba78f5fcee6eaf48e25a5c87d62ca1d7603d27ef1ae065375741a7fdf7e19244](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: Minting on Ethereum: Transfer to Binance: Transfer back to Ecosystem fund: 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](https://solscan.io/tx/tvmkLbqqM9z1qHrgr75fp3Z8nWSq2YXcn7jXSr1wd2Vmq2L72QF3bAUrkiojfZvfrsdHehhMR8BFaMR7thG3Joyhttps:/solscan.io/tx/5kW6W3htaH9Zggxz5JoVPGft8VJepVX3LUaqbZgfiZmmb96XZN9zhggu8o5Hk7rJtT56PCwwZbtPScuU7GGgrZZQ) Minting evidence of ERC-GMT: [https://etherscan.io/tx/0xf9b9b5f80bd01712244f767505997ccc9a8d479c5908454ce0ba8b5a79c679a8https://etherscan.io/tx/0xd0d540fa757a09b12a8955edf1cce41134beced65259342cfdf1d4e7f0399bdf](https://etherscan.io/tx/0xf9b9b5f80bd01712244f767505997ccc9a8d479c5908454ce0ba8b5a79c679a8https:/etherscan.io/tx/0xd0d540fa757a09b12a8955edf1cce41134beced65259342cfdf1d4e7f0399bdf) Evidence of destroying Minting right on Ethererum Chain: 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: 1. MINT 100mil P-GMT 2. BURN 100mil S-GMT 3. Transfer 100m P-GMT to Binance 4. Withdraw 100m S-GMT from Binance 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:\ On 28th April 2024, To provide liquidity on the BSC Chain, Binance will lock 10 million SPL-GMT and mint 10 million BSC-GMT.\ 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. 1. Mint: 2. Burn:\ 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.\ 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.\ 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 1. Transfer to Binance:\ 2. Transfer from Binance 1:\ 3. Transfer from Binance 2: 4. Transfer to OKEX: 5. Transfer from OKEX: 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.\ 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: 1. Mint 709, 504,827 GMT on polygon chain (pGMT) 2. Transfer this pGMT to Upbit: 3. 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: Trasnsfer to Upbit: \ Transfer from Upbit: \ eGMT Burn:\ pGMT Burn:\ eGMT Burn: eGMT Burn:\ eGMT Burn: \ eGMT Burn:\ 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 ](https://solscan.io/tx/5idU3Ky6z5pu1oFEXiWv6Zi79g4G7zU41pQmBb7m3eD1765w6zS6D5hvHsGeBbTrN7EQuuNLahnBwoZdcnFr6z46) On 24th March 2026, a total of 28 Genesis Sneakers are bought back and burned, following are burning proof:\ BNB Chain:\ [https://bscscan.com/tx/0x0d7d235fd762603b8793988edcf956aee83818480a89622a6f15aff8ebde6aac\ https://bscscan.com/tx/0x729d4f83c1500261a9d67291d51cd64d0bca76bfd3c72ed5187bcae50776ecc1\ https://bscscan.com/tx/0xe51fc84e98a88433eb6eea147209d55b84240c9d396c5290b8d52db899ca5f07\ https://bscscan.com/tx/0x44e48a14924581be7352265fbc4113a721d112adbd08d85e438f33954ddd26b0\ https://bscscan.com/tx/0xd1a32a76833b2b4fb5530fff26921b7a50a7b7cf8e42fa598202c989641f4ccd\ https://bscscan.com/tx/0x6cbbe58828fe56a741b0ba51f73eda8daac223ed3c228d0054769fca9342a971\ https://bscscan.com/tx/0x9db57f579bdd26a904a0ab20dad1d23050b03f774cbc4d1c4cf93200bfb1fb03](https://bscscan.com/tx/0x0d7d235fd762603b8793988edcf956aee83818480a89622a6f15aff8ebde6aachttps:/bscscan.com/tx/0x729d4f83c1500261a9d67291d51cd64d0bca76bfd3c72ed5187bcae50776ecc1https:/bscscan.com/tx/0xe51fc84e98a88433eb6eea147209d55b84240c9d396c5290b8d52db899ca5f07https:/bscscan.com/tx/0x44e48a14924581be7352265fbc4113a721d112adbd08d85e438f33954ddd26b0https:/bscscan.com/tx/0xd1a32a76833b2b4fb5530fff26921b7a50a7b7cf8e42fa598202c989641f4ccdhttps:/bscscan.com/tx/0x6cbbe58828fe56a741b0ba51f73eda8daac223ed3c228d0054769fca9342a971https:/bscscan.com/tx/0x9db57f579bdd26a904a0ab20dad1d23050b03f774cbc4d1c4cf93200bfb1fb03)\ \ Polygon Chain: [https://polygonscan.com/tx/0x9bf29a452de04ab44febfe90bf3fafbb859943e6f10cdfb187f9b4abcd535ff2\ https://polygonscan.com/tx/0xb1e3d745a630cf0a7178db6f071d1f23c99f006d37614ebcc58d186844e75d7d\ https://polygonscan.com/tx/0xa26cd773bc510fa1d065c7403368de700ed03f5bc6ebb113d1bf1e3c72bcced3](https://polygonscan.com/tx/0x9bf29a452de04ab44febfe90bf3fafbb859943e6f10cdfb187f9b4abcd535ff2https:/polygonscan.com/tx/0xb1e3d745a630cf0a7178db6f071d1f23c99f006d37614ebcc58d186844e75d7dhttps:/polygonscan.com/tx/0xa26cd773bc510fa1d065c7403368de700ed03f5bc6ebb113d1bf1e3c72bcced3)\ \ Solana Chain:
5fMHGY5ZKEg9XaAc6J3b4XjtDQni8RCL2pQH5cG9VweVosH9mL9z8Yn6a9fRRgugisPtEUJ1fsiwWYbKuHhF7d68 2jE4VEaZKbwsbiFYUvFWUmqqJH884XUjS8BQ8xns7BNMocaNx6Hj7deC7MZ4WaxzRJzFjUZttF3TRj8uLpMbrHrc 3LazL64JzDRA7kP9WgXV7qV1AdYCCmTJPmW8QzvkHpwCtCQbHxxJjZggWPu5oHbK2DB8TEjbr9bvSRxHv7Nb2CmQ 35pNeXYVV2wPsj9xY2JmgJ9p5Dv31nFdoixDbV3matApjxDzbMv2UsnAz3qWTqYjfCkDVErx4Dhhv7HDRve2WqUm 3VkWngnznZ5KvTBek5cdKtj7ZBXGvKxk4irpV6YSqhJPx8yPwQevtPwVa8fYZSJXW7bxQyb7Cs3gCUKCNThNGfuy 2goJBhfKGHxAg7jj7P35jdhFADSn619VfDDBR5o735yDxYcdKFMu9fqDm24i9YLU8SGZHCLbHTsKkwFeBmwtvnZz 2QzVHBC1bP3b9mVmNat6M3QCFt2ciMjNdmrcRModAk17TVSzSbP23EQ9wb41B7ioPQwB6N8Y4N79S4gideXNsfjH 5HcCNdB86S4RHZdAwy791y4dUFBazNZiKZjidrd4gaxnX7afeu84vfCuQK6hHMVCdpAB5PqxZwMyMmSjMbzE62ms 5KoZtTEAJxk5FBNFacNrjW69d8UvNiES2PEQ5kx255A3S8boqGgvryftzRZacmpeTff7wqZi8ao4bHn4M3ZNcXj3 KYXd3vq7WPz3mkNeS7ZiFJa7jW2ikZ9GeDJ3zcXgY7he3rfLMdJkPFPv2egnN879fbUrmt6e8aSjZCopp4WhK6p 3Rcm8yhFe8pKPU53Wd3qVMFhh6iy8MawNGBipVVDBaiX3sKzuYd7uUKzowj4kTVqKu1HFjkxDkqhGuUBR99J4pbv 54Lt7TsMbR9LkSqe4syxWBDWKbwEgzupLdDhqGg6LgLAq7PqzsvpbhKA9KnkpLbCCjWCoRXNcbZ3GWvBCPE7mTv3 7BNvhv2cMAgBS2HE94VeydnvkuLe1M3E1e4Efpaj89ogS36XFRM1B2yatGPaCUL8ouEcNJgbuirUQXHM3twj2MJ vTMQNFfYnj6gyMU1yZzDfcaDCZeQLA3WCK3PCNA9Nbicia3gg7tp2Foc2Rxmyaqy9rKSk6sWJ75v5PzdxRd7Jjp 4KWBw9yAutY6eSfKZqnywszx1MsjoYX2PqnBFjKsY8sV3tWJWgCkTLhdtLLKodTMUCBDtoB2yAJ7TzxhcWssbzxa 5fic85ui2EwjVgNGAqvKt7X6fanuQyCx3UdP5TDXrVjte76tH89G5fJTqK8nRaQLjLJ1sTGwgyQcWUEc29GrPY2G 5minXAkg9uKcvtXUryi3ndCZbGcvJ4aQgvMMC6dLLwKoHQcxEVf1Khf7RXAG6iihuke2Kf6wVu5ntqGarjU1ZGEL 3kDbj1M3F2DcRno9X8ZdfjhvBVTRPtUyGDqew98PqFe1W4gJUYZaDjiZTvn4AnNncDFfdvvALdXm3VoGbb7avk2r