Tokenomic
Definition
Game Token: GGT (Go Game Token)
Governance Token: GMT (Green Metaverse Token)
GGT
GGT stands for GO GAME TOKEN. It has an unlimited supply and is earned by users when they move outdoors. The earning of GGT is linked to the Efficiency Attribute.
GGT Contract (Polygon): 0x8349314651eDe274f8c5FeF01Aa65fF8da75E57c
What is the utility of GGT?
Users can burn GGT in app to unlock the following functions:
Mint Sneaker
Level up Sneaker
Level up Raw Stone
Unlock Socket
Remove Gem from Socket
Boost Mystery Box
Outfit Crafting
Start or register to attend an Event on the Interactive Map
Shuffle Socket Type & Quality
GGT Burning Schedule
Users' GGT consumption within the STEPN GO app will be burned on a regular basis. Following is the GGT buring address:
https://polygonscan.com/address/0xff8138ea647e78ec1e613213d7850c38b4d4d348
GMT
The GMT was minted at the Token Generation Event (TGE), with a total of 6,000,000,000 minted on 9th March 2022. Following are the contract addresses of GMT:
GMT on SOL: https://solscan.io/token/7i5KKsX2weiTkry7jA4ZwSuXGhs5eJBEjY8vVxR4pfRx
GMT on BNB: https://bscscan.com/token/0x3019BF2a2eF8040C242C9a4c5c4BD4C81678b2A1
GMT on ETH: https://etherscan.io/token/0xe3c408bd53c31c085a1746af401a4042954ff740
GMT on Polygon: https://polygonscan.com/token/0x714DB550b574b3E927af3D93E26127D15721D4C2
What is the utility of GMT?
In STEPN GO, GMT is utilised in various key activities, including:
Level up Sneakers
Level up Raw Stone
Increase Mystery Box Slots
In STEPN, GMT is burned when people use it for in-app consumption, approximately 652 million GMT has been burned by users in STEPN by the time we are writing this. For detail, please visit:
GMT is utilised in other FSL products such as Gas Hero and MOOAR, for more details, please visit:
How to earn GMT?
GMT earning is currently ONLY available in STEPN.
GMT earning in STEPN GO will open up in the form of Schadenfreude Pool at STEPN GO Phase IV.
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