Green Satoshi Token | Green Metaverse Token
we're going to be walking through the gst or green satoshi token and green satoshi is all about move to earn we're going to walk through their web page how to play and look at their advisors who's part of their team and look at the social phy and gamefly aspect of this token but before we start know that this is for educational purposes only and entertainment and not financial advice in any way so we are walking through step in or the gst token or gmt token and we're going to walk through the web page what it looks like the web page is really sleek in that it has all these geometric shapes and you know different colors the design is really simple as i walk through their website it is super simple join today make your steps count yes absolutely what is steppen well stepping is a web 3 lifestyle app a social fi and game fight elements and as we walk through today's video you're gonna see what all that means make sure to check out the links below and there'll be some links down there for you to see or get involved in step in and other cryptocurrency platforms as well so on their website.
It really just shows this constant count distances run their carbon offset their twitter followers discord members all those kinds of things and i really want to walk through what their roadmap is who their team is but as you can see this is a really sleek website and it's really simple now one thing i noticed as well is that it's not just simple and sleek but it's professional and i didn't find any like spelling mistakes or anything like that so some of those are really key red flags when you look at websites you just want to make sure that everything looks really legit so where did steppen start well it started in august of 2021 that's really where they started making plans to build the steppen economy and so they on august 10th they came to this move to earn concept that was born september they started team building october they won the selena hackathon and they came in fourth out of 500 which is really cool and they're just moving along what i want to point out here in their roadmap is that they are moving not too fast but just fast enough that they are building this economy out they are they close their beta test in november they have community events it's really amazing what they're doing where have they been featured they've been featured in bloomberg and yahoo news and yahoo finance and coin telegraph all of these places are very common to those in cryptocurrency space and even if you're not you may see oh bloomberg well that's pretty popular if you're not common to this space so look at their team and just their the slick graphics they have here kind of drawn over almost like a glass board in front of each of their their team here you got jerry wang yon wrong jessica duan and ryan turner as their lead designer and if you want to check out their twitter or linkedin pages you can see those just underneath their photos there can you check out any of their profiles and then you look at their advisors you got scott dunlop william robinson jason cam and santiago arsantes and then again linkedin and their twitter profiles are there these are the guys that are really running the show and who is backing them because maybe it's just oh my goodness there's a lot backing binance one of the biggest exchanges in the world is backing them sequoyah foley ventures salan adventures almeida research and the list goes on and on and at the bottom of the page you can see they have discord telegram twitter reddit medium these guys are all over the social space as their whole economy is based on that on that social phi interacting with the community now i wanna have us go over and check out their white page but before i do that i want to talk about how can you play in the steppen economy well a step in economy is built around these nft sneakers so you're going to choose a sneaker that fits your fitness level well and the only sneakers that you're going to be able to participate is if you have a sneaker and then you move outdoors so it's not like you can just sit on your couch and shake your phone you actually have to move outdoors with the gps you only earn when you have an nft sneaker and so here are the different types of sneakers that you can get you can see them there you find a sneaker from the in-app marketplace where is that found well you can find that in the android app or you can find that in the app store on your iphone shows you they are really gamifying just fitness outdoors and participating in climate change they are making sure that people are getting excited about fitness and maybe you're not just a fitness guru but maybe you're excited about gaming and this might get you into fitness which is really their goal you can just equip your sneaker and then you move outdoors you burn energy and you earn handsome rewards so this is the last time that you have to go to the corner store in your car because now you're gonna run to the corner store you're going to earn as you go to the corner store and you're also going to burn some energy which is amazing they have anti-cheating methods in here they'll know if you're sitting there and just like shaking your phone no moonwalking folks no moonwalking which is great for their economy great for the users as well and then check and flex what does that mean well that means you can check how far you've gone and then just post on social media hey guys check out
how much i've run this week it's really really cool and burning gst which is the token that's used in the economy they level up the sneaker make it more efficient mint a new sneaker sell it or keep it and in this anytime you use the gsd token and use it to purchase something then gst is burnt so we're moving over to the step in white paper and so this really just explains the white paper really explains what step in is but it's very malleable moldable and it can change from time to time so step in is a web3 lifestyle app with in built game fight and social elements stepping is built around an essential daily activity for most people moving around and they say that they are the first project to effectively bring to life a functioning move to earn concept you've heard of play to earn this is move to earn you can move and earn tokens finishing fourth out of 500 projects at the selena hackathon in 2021 so we're going to walk through their white paper and their white paper just really describes what they are what they're planning to do and what the token is useful for so step in is a web 3 lifestyle app with in-built game fight and social phy elements so what that really means is that they're gamifying life and they're also making it super social and this is how you can kind of look at stepping steppin's built around an essential daily activity for most people moving around they are the first project to effectively bring to life move to earn so you move and you earn step in tokens they finished fourth and 500 in the project at the salana ignition hackathon in 2021.
so users essentially equip themselves in the form of sneakers by walking jogging or running outdoors and they will earn cryptocurrency with game57 aims to nudge millions towards a healthier lifestyle so this is gonna try to bring in more people into a healthier lifestyle whether it's walking whether it's jogging whether it's running whatever that is in order to really change be positive in climate change and making sure that people are more outdoors driving less and that kind of stuff so let's go into the tokenomics steppen and particularly their gst token all right so looking at their gst token you are going to see here what supply and earning has to do with their gst token so their gst has an unlimited supply that's a problem but actually here is a bit of an explanation about it and it's earned when a user moves in the solo or background mode so here's the gst contract address here's the gst bep20 selena contact address the bnb chain the selena chain you can check those out and this is exactly how their gst token works how their burning mechanics work well they destroy them within the app so the gst is burned by anytime someone mints a shoe anytime someone repairs a shoe anytime gems are upgraded really any sort of interaction with the token within within the app burns those tokens so they are never used again they don't go to someone else they are burned and they're gone so let's look at their governance and their ecosystem fund so gst burning all gst users spent in the app are burned daily from the spending account their team's profit so their team needs to use profits in order to build their platform and this is how their team's profit and their governance is the platform fee and royalty fees are reserved to the team to sustain its operation so in order for this app to continue on they do need to make some sort of revenue or else it will be just dead in the water so they have a governance here no less than five percent of the team's profit will be sent to the ecosystem fund following are the team's profit on both selena and bmb chain so you can look at their profits here on the slanted and the b b chain and then it talks here about their governance and so how is the governance work in sep an economy so the other taxes collect by stepping will be funneled into a treasury pool which will be up to the gmt staker to decide so whoever staking can decide on how they want to use those tokens they can give them back to others a generous giver they can be a kind giver they can be a master they can be a greedy taker or a selfish taker and that will be all up to those people that are within that governance and then it also talks about the folding power so they have so if you lock your tokens in you have so much voting power the longer you lock them in the more voting power you have as you can see from this chart if you block them in for three years you get 64 votes where if you lock them in for one month you get one vote so every month point three percent of the supply will be unlocked which equals to 18 million gmt these gmt will be used to support building stefan's global economy unspent gmt will be held in the stefan treasury to further build out their economy to further build up the platform to go on to a global scale and be able to reach as many people as possible let's have a look at their decentralized wallet so stage one decentralized wallet is built into the game so as soon as you download the game on your iphone or on your android you are going to get a wallet and you're gonna have your public keys there you're gonna have your private keys and they're gonna give you a word phrase and so you'll have your wallet there and so it supports two chains it supports the selena chain and the b and b chain and has a swap and trade function with liquidity that just means that there's actually available tokens to swap and trade and then there's a wallet backup function that you can write down that phrase and make sure that those keys are yours you know not your keys not your crypto well step.
make sure that this is your crypto and then stage two which hasn't come yet but is coming soon offers multi-chain asset deposits and withdrawals and supports nft pfp so profile photos displays for eth and soul and a new ui and ux this is all very cool make sure to check out the step in system as i walked through all this i hope you guys really enjoyed this and just yeah this is really cool and getting people to move to earn all right so one last thing i do want to walk through is their twitter page you can find them at steppin official and why is their twitter page important well it shows you how many people are actually following this project is it just like 10 000 is it a thousand no it's 620 000 followers on twitter and there are a bunch of big names that actually follow step in there's the martini guy who's a very big guy in the crypto space and there's also coin market cap who follows step in which is really cool and what makes steppen really cool is that they are active so even here shows nine hours ago they are posting here get ready for the version 0.73 update there will be a three hour maintenance from three until this time on june 21st that is amazing so they're already upgrading and each day they are posting five hours ago four hours ago yesterday they posted they're very active they have contests they have live discussions here's you want more gst we listen giving away 500 gst during our step in official fitness twitter space this is really cool like and retweet so they really want their community to be active and they are doing a great job in being active themselves when you see twitter pages that just are like silent don't say anything do the minimal a couple tweets every few days you know that you should be worried we're stepping you don't have to worry 101 115 tweets and that's since august of last year so that's pretty cool yeah so this is step in this is their twitter page make sure to go check them out there as well so that's it for today's video looking at the gst and gmt token and what steppen has to offer looking at their twitter page looking at their white paper looking at all the things that you can get involved in in a move to earn economy
