The Green Satoshi Token (GST) is the native cryptocurrency of the STEPN Web3 lifestyle app, which encourages users to stay active by rewarding them with GST tokens. GST is the in-game token, while Green Metaverse Token (GMT) is the governance token. GST has an unlimited supply and can be earned by users through physical movement, such as walking, jogging, or running, while wearing NFT Sneakers. The token can be used for purchases on the STEPN platform and is also rewarded to users.
The Green Satoshi Token (GST) is the native token of the STEPN platform, a Web 3.0 lifestyle app that combines social elements and gamification to encourage users to lead a healthy and active lifestyle. Here are the primary ways GST is used:
Reward for Physical Activities: Users earn GST tokens by engaging in physical activities such as walking, jogging, and running while wearing NFT Sneakers. The more they move, the more GST they can earn.
Leveling Up and Minting New Sneakers: GST tokens can be used to level up and mint new NFT Sneakers, which are essential for participating in the game.
Marketplace Transactions: GST tokens are used for transactions in the STEPN Marketplace, where users can buy, sell, rent, or lease their NFT Sneakers, Badges, and Gems.
- Renting Out NFTs: Users can earn additional GST by renting out their NFTs to other players.
GST tokens are minted by players through their physical activities and are burned through making progress in the social and gamification components of the app. This dual-token mechanism, along with the governance token Green Metaverse Token (GMT), creates a dynamic ecosystem within STEPN.
To store Green Satoshi Token (SOL) (GST) tokens, you have several options:
Exchanges' Wallets: You can store your GST tokens in the wallets provided by exchanges such as Binance or KuCoin. These wallets are considered "hot wallets" because they are always online and connected to the internet. While they are generally safe, there is a risk of hacking and potential loss of funds if the exchange is compromised.
Crypto Wallets: You can store your GST tokens in crypto wallets like Trust Wallet. These wallets are also "hot wallets" but offer more control over your assets. Make sure to keep your seed phrase safe and note your wallet address.
Cold Wallets: For long-term storage and maximum security, consider using "cold wallets" that are offline. There are two types of cold wallets:
- Paper Wallets: Generate public and private keys offline and print them on paper. This method is highly secure but may be less convenient for frequent transactions.
- Hardware Cold Wallets: These are physical devices that store your cryptocurrency. They are highly secure and suitable for storing large amounts of tokens.
Remember to always prioritize security and use reputable wallets to protect your GST tokens.
To buy Green Satoshi Token (SOL) (GST) tokens, follow these steps:
Create an Account:
- KuCoin: Sign up with your email address, mobile phone number, and country of residence. Create a strong password and secure your account with Google 2FA, anti-phishing code, and a trading password. Verify your identity by uploading a valid Photo ID and add a payment method.
- Coinbase: Create a Coinbase account to buy and sell GST tokens securely.
- Gate.io: Look for decentralized exchanges (DEXs) where GST-SOL is listed. Create and set up a DeFi wallet.
- Binance: Although GST is not listed on Binance, you can use Binance to buy Solana (SOL) and then transfer it to a decentralized exchange (DEX) like Raydium to buy GST-SOL.
Fund Your Account:
- KuCoin: Add a credit/debit card or bank account to fund your KuCoin account.
- Coinbase: Deposit funds into your Coinbase account to buy GST tokens.
- Gate.io: Fund your DeFi wallet with SOL tokens.
- Binance: Buy SOL on Binance and transfer it to your Trust Wallet.
Buy GST Tokens:
- KuCoin: Use your funded account to buy GST tokens on the KuCoin spot market. You can buy stablecoins like USDT and then exchange them for GST.
- Coinbase: Buy GST tokens directly on Coinbase.
- Gate.io: Use your SOL tokens to buy GST-SOL on the DEX.
- Binance: Connect your Trust Wallet to Raydium, select SOL as the payment, and GST-SOL as the coin to buy. Ensure you have the correct smart contract address.
- Store Your Tokens:
- KuCoin: Store your GST tokens securely in your KuCoin Trading Account.
- Coinbase: Store your GST tokens in your Coinbase wallet.
- Gate.io: Store your GST-SOL tokens in your DeFi wallet.
- Binance: Store your GST-SOL tokens in your Trust Wallet.
Remember to always follow the specific instructions for each platform and ensure you are using the correct smart contract address to avoid any potential losses.