STEPN (GMT) Crypto Review: Our Verdict & How to Buy

STEPN effectively started the move-to-earn (M2E) craze in 2021 with its Green Satoshi Token (GST), followed in 2022 by the introduction of the STEPN Green Metaverse Token (GMT), which has brought lasting value to its ecosystem as a utility and governance token with a fixed supply.

In this STEPN (GMT) crypto review, we’ll explore the tokenomics for the GMT token and its role within the STEPN move-to-earn app.

First, let’s start with an overview of the token before we detail how to buy STEPN (GMT) and how to store the tokens securely.

What is STEPN (GMT)?

STEPN popularized the move-to-earn crypto space by allowing users to earn GST tokens through physical movement outdoors. However, to earn GST, you need a sneaker NFT (non-fungible token). This is where the STEPN (GMT) token plays a key role. Users can burn GMT to purchase a sneaker NFT.

The app tracks their outdoor movements, rewarding users with GST tokens. A newer app called STEPN GO lets users earn the Go Game Token (GGT). Both apps utilize a dual-token structure, with GMT playing a role in both.

High-level STEPN players can earn GMT rather than GST, with the former having a capped supply of 6 billion tokens that could potentially make it more valuable. By contrast, the GST token is inflationary and has an unlimited supply.

STEPN App

STEPN gamifies healthy activity with its dual-token structures. In STEPN OG (the original app), players earn the Green Satoshi Token (GST). However, players must first purchase a sneaker NFT from the marketplace.

Next in our STEPN (GMT) review, let’s explore the steps involved with STEPN.

Onboarding and Wallet Setup

STEPN launched on the Solana blockchain, but also supports other chains through “Realms,” such as the APE Realm on Ethereum and the BNB Realm on the BNB Smart Chain. Players download the app, select a blockchain network, and fund their wallet with a supported cryptocurrency, such as SOL or USDC on Solana or ETH, USDC, or APE on the Ethereum APE Realm.

Acquiring an NFT Sneaker

To get started, players buy a sneaker NFT from the STEPN Marketplace. Sneaker types align with various outdoor activities, such as Walker, Runner, or Trainer. However, sneaker NFTs also have rarity traits and attributes that can influence in-game earning potential for players.

Energy System

Sneakers are the key to energy in STEPN’s Game-Fi ecosystem. Energy determines how long players can earn tokens in a single session. Energy replenishes over time, powering up sneakers for the next activity session.

Move-to-Earn Tokens

STEPN centers on movement, whether running, walking, hiking, or more strenuous training. Players choose a game mode, often opting for Solo Mode. GPS tracks movement, but each sneaker is tuned to reward movement within an optimal speed. Moving too fast or too slow can affect earnings.

STEPN OG rewards movement in the optimal speed range with GST tokens sent to the player’s in-app wallet. However, rewards also drain energy, meaning there’s a cap for earnings in each session.

Sneaker Maintenance and Game Progression

Like real-life sneakers, STEPN’s sneaker NFTs don’t stay in top shape forever. Over time, performance suffers, reducing earning potential. Players can spend GST to repair or even level up their sneakers, optimizing for efficiency, resilience, and other attributes. Players can also mint new NFT sneakers using GST or GMT for certain attributes.

Earning GMT (Advanced)

While earnings in the early stages of the game center on GST, advanced players (sneaker level 30) can earn STEPN (GMT), the token with a capped supply.

Social-Fi and Game-Fi

Route-sharing introduces a social element to STEPN, while mystery boxes and other in-game features make it enjoyable to stay active.

GMT Token

The STEPN (GMT) token plays a unique role in the STEPN universe. Unlike the GST and GGT tokens, which primarily serve as rewards and fund NFT minting, the GMT token serves as a governance token, unlocking higher levels for sneakers. Let’s explore the STEPN (GMT) token and its role in more detail.

STEPN (GMT) Token Uses

STEPN’s dual-token structure makes GMT a main player in both the OG STEPN app and the newer STEPN GO app. GMT serves as a governance token (holders can vote on proposals for the project) and also enables players to level up in the game. Some uses reduce the supply of tokens by burning (sending tokens to an unrecoverable wallet address).

• GMT holders can vote on proposals for STEPN through its decentralized autonomous organization (DAO).
• GMT is required to level up at specific levels within the game.
• GMT gives players more control over sneaker minting and improves the odds of minting two sneakers in a single mint.
• Players can upgrade Gems (level 4 or higher) by burning GMT.
• Each sneaker features attribute points, including Efficiency, Resilience, Luck, and Comfort. Players can burn GMT to reallocate these points to match their goals.
• Players can also burn GMT to increase their earnings limit for each session. Additionally, advanced players can opt to earn GMT rather than GST.
• Players can stake their GMT to earn more GMT.
• Players can burn GMT to earn benefits in FSL’s MOOAR NFT Marketplace, including the ability to create AI-generated NFTs.

GMT Price History

Well away from the highs set shortly after launch in 2022, STEPN (GMT) now trades at prices not seen since before the big run-up in April and May of 2022. The chart below indicates significant price volatility, the effects of the crypto market sentiment, and a strong correlation with ETH, a common trait for smaller altcoins. All-time highs set in 2022 approached $4.

Whether these low GMT prices present an opportunity depends on how well the app performs in attracting and retaining users. GMT’s utility still centers on the STEPN universe and, to a lesser extent, the FSL ecosystem. STEPN GO’s enhanced social-fi features may be a step in the right direction.

Tokenomics

From the start, GMT was chosen as the anchor within STEPN’s dual-token structure. A fixed maximum supply of six billion tokens draws a sharp contrast against GST’s unlimited supply. Incentives to burn GMT also keep the supply smaller, with a total supply of just 5.1 billion tokens, 2.9 billion of which are circulating.

Ongoing burns continue, including in-game incentives and GMT DAO, a community initiative to ensure a decentralized voice for holders. The GMT DAO also spearheads an effort to reduce the supply by an ambitious 600 million tokens through burning GMT.

STEPN Roadmap

The STEPN app onboarded an astounding one million users in the months following its launch. When FSL launched STEPN GO in 2024, many wondered if the newer app would replace the existing app. Some even reacted unfavorably, suspecting the newer app would diminish the value of in-game assets like NFTs or perhaps even the tokens themselves.

Instead, these similar apps serve different market segments. STEPN OG caters to Web3-savvy users, whereas STEPN GO looks to onboard a new wave of fitness enthusiasts and make healthy activities fun.

Expected developments center on the STEPN GO app, which also utilizes the STEPN (GMT) token alongside its own GGT token.

2024 saw the STEPN team introduce a fresh whitepaper, which detailed plans for the years ahead. A revised roadmap is expected sometime in 2025 or 2026. Key details from the current STEPN GO Roadmap are as follows.

• Rebranding to FSL
• FSL ID released to onboard new players
• Cheating detection upgrade
• New sneaker types
• NFT trading marketplace
• 3D avatar customization
• Competitive gameplay (pool / PvP)

How to Buy STEPN (GMT) in 4 Easy Steps

STEPN (GMT) launched in 2022 and boasts a worldwide community of users, so the token is available on dozens of popular centralized crypto exchanges.

However, the easiest way for most users to buy STEPN (GMT) is to use Best Wallet. The Best Wallet app supports 60+ blockchains and integrates with popular decentralized exchanges, allowing you to buy GMT or thousands of other tokens easily.

Best Wallet also saves a step by allowing users to buy directly from within their non-custodial wallet, rather than purchasing through an exchange and then transferring tokens.

1) Download Best Wallet

Visit the Best Wallet download page to get the official download link. Best Wallet supports iOS and Android. Unlike most crypto exchanges, the app does not require Know Your Customer (KYC) identification verification. You control your privacy and the wallet’s private keys.

2) Select Trade

Look for the Trade Icon on the bottom menu. From here, you can buy crypto with a debit or credit card. Bank transfers are also available in some regions. Search for GMT and choose your preferred network. The example below shows the GMT token on Ethereum and BSC.

Best Wallet will automatically compare and find the best price for you through various third-party providers.

If you already have crypto, you can also swap one cryptocurrency for another using the Swap feature.

3) Choose a Purchase Amount

Select an amount for your purchase or swap. Best Wallet automatically finds the best price, whether buying or swapping.

Verify the transaction amount and enter your payment details. If the transaction looks correct, confirm your purchase.

Best Wallet automatically transfers your tokens to your crypto wallet, bypassing exchanges. Later in our STEPN (GMT) review, we’ll discuss the best ways to store your crypto safely.

Get Best Wallet

Why Buy STEPN (GMT), and Is It Worth It?

Whether you should invest in GMT is really a question about the STEPN ecosystem and its continued adoption. The token trades at prices last seen in 2022. Some might see that as bearish, while others may do their own research and see opportunities. Let’s look at both sides of the question.

Unlike the GST and GGT reward tokens, which both have an unlimited supply, GMT has a fixed maximum supply of 6 billion tokens, and the app incentivizes burning GMT for upgrades and level-ups.

Meanehile, FSL’s expansion to a second STEPN app and access to special features on the MOOAR NFT underscore FSL’s commitment to GMT.

GMT holders can also influence the direction of the project through governance, and there is a certain name recognition. While STEPN wasn’t the first in the M2E space, the app’s popularity has made it the best-known M2E app, even among those not familiar with cryptocurrency.

And let’s not forget the staking rewards: GMT holders can stake their tokens to earn a yield.

However, investors should also weigh some potential risks.

• Price performance for STEPN (GMT) has been disappointing for many long-term investors. However, with the token now trading at 2022 prices, some may see the current lows as an opportunity.
• GMT has limited use outside of the STEPN ecosystem, so any GMT price prediction relies on STEPN’s growth and continued user demand for the token.
• Like many cryptocurrencies, GMT faces potential regulatory challenges. STEPN’s presale, early placements, and staking may compound the issue as projects like STEPN can fall into the crosshairs of regulators at the country or state level. In 2023, the video-streaming project LBRY was ordered to pay a penalty after a protracted legal battle.

Best STEPN Wallet

You’ll need a self-custodial crypto wallet to store your STEPN (GMT). A wallet holds the private keys that control your crypto assets on the blockchain and provides a way to interact with decentralized applications (dApps). These crypto wallets come in two primary forms: software and hardware wallets.

Software wallets, often referred to as hot wallets, are applications that secure the wallet’s private keys. However, because they are installed on a device connected to the internet, they are called “hot wallets.”

Hardware wallets, also called cold wallets, are devices that store your private keys offline. These wallets typically have a companion app or can connect to some popular software wallets as needed to authorize transactions.

The type of wallet to choose usually depends on how you expect to use your crypto and its value. For example, if you expect to use your crypto often, a wallet app makes a more convenient choice. However, if you need to protect thousands of dollars worth of crypto, a hardware wallet becomes a wise investment.

Fortunately, because the STEPN (GMT) token is available on several chains, you have a wide range of wallet options.

Best Wallet

The popular Best Wallet app supports over 50 blockchains, including Ethereum and BNB Smart Chain. Upcoming support for Solana makes it a well-rounded choice for users who value ease of use combined with multichain capabilities.

Best Wallet is available for Android and iOS devices and uses MPC technology to split the wallet’s private keys into multiple shares. This approach provides better security without sacrificing convenience.

Phantom Wallet

Initially launched as a Solana wallet, Phantom now supports a growing list of chains, including Solana and Ethereum. This popular wallet app is available as a Chrome extension or mobile app. Features include scam detection and user-friendly transaction summaries.

Phantom also supports external hardware wallets from Ledger. This approach combines convenience with industry-leading security features.

Ledger Hardware Wallet

Founded in 2014, Ledger introduced one of the first crypto hardware wallets and remains an industry leader today. A complete line of wallet options includes well-made but affordable entry-level models to feature-packed premium wallets. Ledger hardware wallets also support many popular software wallets, including Phantom.

What to Do with GMT Tokens You Buy?

Earlier, in our STEPN (GMT) crypto review, we learned how to buy STEPN (GMT), but now what? You have plenty of options depending on your goals and your own research. These range from in-app utility to trading or even staking and providing liquidity to earn passive income. Let’s explore the choices.

• STEPN offers several ways to use your GMT, including minting or leveling up sneakers or increasing your GST earnings cap.
• GMT’s low price makes it a tempting choice for long-term investors as a speculative investment. The STEPN (GMT) token is down more than 80% from its highs in 2025, leaving plenty of upside potential if the app performs well. The token’s short-term price moves also make it attractive to traders. Daily moves of 8% or more aren’t uncommon.
• Members of the MOOAR NFT platform can burn GMT to generate AI NFT content or train personalized AI models.
• Platforms like BurnGMT.com support staking GMT to earn a yield. Several crypto exchanges also offer yields through lending or dual-token strategies.
• Experienced decentralized finance (DeFi) users can also use their GMT in liquidity pools. These pools use two or more tokens to facilitate trading and can be used with a fixed price range to earn trading fees or as a yield-bearing exit strategy if you anticipate the GMT to increase in value.

STEPN (GMT) Crypto Review Summary

STEPN (GMT) provides a unique value proposition within the STEPN ecosystem. While STEPN’s reward tokens, GST and GGT, are inflationary, GMT has a fixed maximum supply and a shrinking total supply due to burn incentives.

While few expect the token to reclaim its lofty heights seen in 2022, the current price leaves plenty of room for growth if you believe the STEPN platform can expand its user base and increase demand for GMT.

References

1. GMT Vesting & Utility (stepn.com)
2. GMT DAO (gmtdao.com)
3. MAKE GMT GREAT AGAIN (burngmt.com)
4. STEPN GO Whitepaper (stepn.com)
5. STEPN GO Roadmap (stepn.com)
6. Litigation Release No. 25775 (sec.gov)

FAQs

How much is 1 GMT worth?

Currently, GMT trades at about $0.044 after having reached nearly seven cents earlier in 2025. GMT’s price volatility creates opportunities for traders and liquidity providers.

Why is GMT coin pumping?

Several catalysts could cause GMT to surge, including a newer app (STEPN GO), which also uses the GMT token. High volatility and a capped supply can bring daily price swings of 10% or more.

Can GMT reach $1?

GMT’s fixed maximum supply and active burn initiatives could create a supply shock if STEPN sees greater adoption. GMT traded above $1 for much of 2022, reaching nearly $4 in April and May.

What happened to GMT coin?

Like many altcoins, GMT saw a massive increase in value following its launch in 2022. As the market learned the role of the token in the STEPN space, prices fell toward better reflecting demand for the token. New buyers at this level enjoy prices not seen since 2022.

What is the difference between Stepn and GMT?

STEPN refers to two apps that reward movement, such as walking or jogging, using a dual-token structure. The STEPN (GMT) token plays a key role in both app ecosystems, serving as both a governance token and providing the ability to level up in the app.

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Jose Aquino

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Jose Rafael Aquino is a Filipino writer and entrepreneur that specializes in finance, technology, cryptocurrency, and sports. Versed in the startup tech space, he has written for websites such as The GUIDON, TradingPlatforms, StockApps, and BuyShares. Read More

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