Complete Guide to GMT Token

In the cryptocurrency world, everyone wants to seize the next big opportunity, and GMT tokens have become the focus of attention due to their unique operational mechanism and investment value. By exploring what GMT coins are and how to buy them, understanding the STEPN GMT token mining tutorial, and analyzing the price trends and future prospects of GMT coins, we will delve into the differences between GMT and GST tokens. At the same time, we provide detailed instructions on how to purchase GMT coins on the Gate exchange, helping you easily enter the crypto investment field. Are you ready to learn about this exciting opportunity? Keep reading!

GMT (Green Metaverse Token) is the governance token of the Move-to-Earn application STEPN, representing an important component of the Web3 fitness ecosystem. As the governance token of the STEPN ecosystem, GMT grants holders voting rights over the project’s future development directions. Players can stake GMT to obtain voting rights, thereby deciding how STEPN allocates its treasury profits. This mechanism ensures that community members have substantive influence in project decisions, embodying the core concept of decentralized governance. According to current data, the circulating supply of GMT is 311 million, with a total supply of 507 million, and its scarcity ensures long-term token value support. GMT can be used not only for trading and investment but also exchanged within the app for other cryptocurrencies like SOL or USDC, providing users with diversified monetization channels. Besides governance, GMT is also a payment medium for high-level operations on the STEPN platform, giving token holders practical usage value within the ecosystem.

STEPN adopts a carefully designed dual-token economic model, consisting of GMT governance tokens and GST gaming tokens. This design allocates different functions in various scenarios, fundamentally controlling token issuance and effectively reducing inflation caused by excessive token supply. The roles of GMT and GST tokens in the STEPN ecosystem are summarized in the table below:

GST has an unlimited supply, allowing users to continuously mint GST by moving and renting NFT sneakers daily, and use it to upgrade or mint new sneakers. In contrast, GMT has a limited total supply, halving every three years, ensuring long-term scarcity and value retention. This dual-token structure creates a dynamic balance between minting and consumption, preventing excessive dilution of a single token’s value. Users can flexibly convert between the two tokens via in-app swap functions or directly exchange for other mainstream cryptocurrencies, forming a complete economic cycle.

The first step to buying GMT is choosing a suitable exchange. Major platforms like BTCC, Max Exchange, and others offer GMT trading pairs. Investors should select exchanges with comprehensive KYC verification and strong security measures. After choosing an exchange, you need to complete account registration and identity verification. The full purchase process includes four key steps: first, log in to the exchange and complete identity verification; second, select a suitable payment method (TWD, USDT, etc.) to deposit funds; third, search for the GMT trading pair and confirm the price; finally, enter the purchase amount and execute the trade. After purchasing, users can choose to store GMT in the exchange account, a self-custody wallet, or a hardware wallet. Beginners are advised to store a small amount of GMT on the exchange to experience the process, then transfer to a self-custody wallet for enhanced security. For long-term investors, cold wallets offer the highest security. Note that some exchanges offer GMT perpetual contracts trading with leverage, but such high-risk products should be used cautiously.

In the STEPN app, the GMT mining mechanism is closely linked to exercise. Users need to buy or rent NFT sneakers, equipped with a certain level (e.g., above level 30), to perform solo mode workouts and earn GMT. Daily exercise attributes like comfort level influence GMT earnings. Users can earn GST and GMT tokens through outdoor walking, jogging, or running, which can be used to upgrade existing sneaker NFTs or mint new ones. When sneakers reach a certain level, users start earning GMT, marking the beginning of passive income. In the STEPN ecosystem, when users conduct NFT transactions, rentals, or minting of sneakers, the platform charges a certain percentage of tax, and the distribution of these fees is decided by GMT holders through voting, reflecting the real value of governance tokens. Users can also cash out earned tokens via in-app swaps or sell directly on exchanges to realize actual economic gains. According to current data, GMT has a 24-hour trading volume of $10.35 million, with relatively ample liquidity, facilitating users to cash out earnings at any time.

This article provides an in-depth analysis of the basics of GMT, its economic model, and how to buy and use it on the Gate exchange. First, it introduces GMT as the governance token of STEPN and explains its vital role in the Web3 fitness ecosystem. Next, it analyzes the operation of the dual-token economy of GMT and GST and their impact on user profits. Then, it offers a buying guide to simplify investment steps, enabling beginners to quickly get started with GMT. Finally, it explains the GMT mining mechanism and guides users on how to earn passive income through exercise. This article is suitable for investors who want to understand how GMT works and how to operate it specifically. #GMT#