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 supply will be unlocked, which equals to 18,000,000 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 eth：Ecosystem fund on Ethereum: 0x8b31d6018D2Ee253379E98475C59C934549e62b0 Ecossytem fund on Polygon: 0x8b31d6018D2Ee253379E98475C59C934549e62b0
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
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