After partnering with ASICS for a new sneaker launch, the STEPN app has continued to grow in popularity along with its utility coin, the Green Satoshi Token (GST). The newest report launched by Chiliz News explains how the tokens are acquired, what they can be used for, and what changes are planned for the future.
More information about Green Satoshi Tokens and the STEPN app can be found in the full report at https://chiliznews.com/stepn-gst-2022-guide-roadmap-use-cases-investors-utility-token-allocation-supply
The new report explains that Green Satoshi Tokens are similar to the experience points often earned in games, but with several additional uses. While traditional in-game points have no purpose beyond the game, GST can also be used for real-world purchases such as Carbon Removal Credits.
Since the STEPN app is based on blockchain technology, which produces carbon emissions, the report explains that GST can be donated to Carbon Removal Credits that are used to offset the environmental impact. Each Carbon Removal Credit helps to fund projects that either eliminate CO2 that is already in the atmosphere, or reduce the amount of emissions currently being produced.
Chiliz News explores how GST can also be used in-game to provide upgrades for players, by minting entirely new NFT sneakers. Every NFT sneaker has its own unique abilities, which provide benefits for players using them to collect more GST.
There are several methods for collecting GST clarified in the report, including walking, jogging, or running outdoors in one of three different game modes. Solo mode allows players to collect a set amount of GST for every step, which is determined by the abilities of their NFT sneakers. Background mode allows players to build up GST more slowly, but it works even if the application is disabled.
Marathon mode, the newest game mode mentioned in the report, provides a social aspect to the game by allowing players to compete with STEPN users from around the world. Marathons are held monthly or weekly, and can provide significant amounts of GST to the top players.
Unlike the experience points earned in many games, the report shows how GST can also be traded for other cryptocurrencies, or deposited into digital wallets for storage. Though most of the GST is provided to players, a small amount collected through transaction fees is used for the purchase of Carbon Removal Credits.
More information about STEPN and future developments for Green Satoshi Tokens can be found at https://chiliznews.com
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
Digital Shoutout, LLC DBA Chiliz News
5570 FM 423
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Watch Mirror journalist was involved in the writing and production of this article.