A Guide to the StepN App: Earn Crypto While You Exercise

what is staked aave can only deposit fiat or crypto, and KuCoin requires a $5 minimum deposit. KuCoin currently offers STEPN cryptocurrency trading as well as over 300 other popular tokens. It is often the first to offer buying opportunities for new tokens. We list the top 6 exchanges that offer the ability to buy STEPN cryptocurrency with a credit card, debit card, or Bitcoin .

STEPN is an environmentally focused platform that actively purchases emission-offsetting carbon credits to limit their carbon footprint. In January of 2021, STEPN announced an initial $5 million seed funding round, which saw the project gain backing from a series of industry giants including Solana Ventures and Sequoia Capital. There are also 4 gem slots in each sneaker, which are unlocked as the level of the sneaker increases.

Aside from sneaker repairs and upgrades, you’ll also spend a lot of GST on minting new sneakers, which costs a minimum of 200 GST and can go much higher. By taking GST out of the system in these ways without increasing the number of sneakers in circulation, they better maintain their value. The app has made a name for itself in the gamified “X-to-earn” space in Web3, known as GameFi. Axie Infinity was one of the first NFT projects to use this model, where users increase their market value the more they engage with the blockchain-based game. STEPN is a Web3 lifestyle app with Social-Fi and Game-Fi elements.

STEPN Investor

When completing your registration, the app asks you for an activation code. However, you can only receive the activation code through Discord or an existing user referral. However, these fees could reduce based on users’ 30-day trading volumes and their ownership of KuCoin’s KCS token. Kucoin ExchangeCurrently, KuCoin doesn’t accept bank deposits. Instead, the broker allows investors to deposit using cards, swift peer-to-peer transfers, and direct crypto transfers.

Once your account is established, you’re ready to start earning in-game tokens for being active. You’ll earn one Green Satoshi Token for every five minutes of activity. Once you have reached level 30 within the game, you can switch to earning Green Metaverse tokens, or GMT. GMT also acts as the governance token for the STEPN platform, allowing holders to vote on forward guidance.

Platform users can earn GMT tokens by walk/jog/running, which can then be used to mint NFTs to trade on its own marketplace. GMT tokens or ‘Green Metaverse Tokens’, are also utilized as a means of platform governance, by imbuing various voting rights upon holders. The STEPN app offers three different game modes – Solo, Marathon, and Background Mode.

Step-by-step guide on how to buy STEPN sneakers – Step 5Now that you’ve learned how to buy STEPN sneakers and actually acquire your first shoe, it’s time to get moving. A hardware wallet is a device that stores the private keys you need to receive or send crypto. Hardware or cold wallets are usually considered the safest way to store your cryptocurrencies as they offer offline storage, thereby significantly reducing the risks of a hack. They are secured by a pin and will erase all information after many failed attempts, preventing physical theft.

Further, the market cap of StepN’s native governance and value token sits at just over $25 million, down from $77.45 million at the start of the year. We like the dual-earning method available in the STEPN app. Or, they can choose to flip NFT sneakers without the need to exercise. While the second strategy goes against the core of the app’s mission, it’s a viable way to profit from this M2E app.

A cryptocurrency is a digital currency secured by encryption, due to which chances of activities such as counterfeiting and double-spending taking place get close to impossible. Cryptocurrencies are unique in that they do not get issued by any central authority. The term “cryptocurrency” comes from the encryption techniques used to keep digital currencies and the network safe. It will only be a short while before your order is executed. Once it’s done, you will receive the Stepn coins you purchased in your WazirX wallet. If you’re looking to generate tax reports for your crypto trades, you can consider using Koinly, which allows you to track your transactions from 350+ exchanges and 50+ crypto wallets.

The quality of the trainers also affects the price of level upgrades and the price of mint. With each additional unusual sneaker there will be +1 until the total number of sneakers equals 9. If you have only 1 or 2 sneakers, 2 energy is charged per day for 24 hours.

How to buy STEPN (GMT) crypto in India

To get started, you have to download the STEPN app, sign up, create a crypto wallet, and transfer SOL to your in-app wallet. The next step is to visit the in-app marketplace to buy or rent NFT Sneakers based on the current fitness levels and start to earn tokens from the activity of walking and running. Users equipped with NFT Sneakers – walk, jog or run outdoors to earn GST, which can be used to level up and mint new Sneakers. A player can choose to lease or sell their NFT Sneakers on the in-app marketplace; users’ GST earnings are stored in the in-app wallet, which has a built-in swap function. GST doesn’t require investments other than one’s time and effort, whereas GMT can be purchased or burned to access the features supported by the project. One can upgrade high-quality gems, mint high-value sneakers, and earn the rights to participate in the project’s governance.

After you have selected a sneaker, you can make the purchase on this page. Once you have created a wallet, the next step will be to send funds over to your wallet on STEPN. STEPN gives you the option to create a new wallet, or import one via your seed phrase. Introducing blockchain technology A simple explainer can be a pretty rare thing in a realm as complicated as the cryptosphere.

If you’re ready to take the next step and want to buy GMT, click the button below!

This is the idea that Jerry Huang and Yawn Rong had in mind when they co-founded and launched StepN, the activity-tracking app that lets you earn crypto while exercising, in December 2021. That isn’t essential parts of the video game, and only things if you plan on minting your own shoes and boots later to enhance your daily “energy” . As soon as you’ve chosen your boot type, it’s time to filtration the in-app marketplace simply by that sort, and begin taking into consideration the shoe’s qualities.

• The only problem is that they haven’t gotten the users’ attention.
• StepN feels like a unique NFT project, mixing an odd amount of worry and optimism into an exercise-to-earn app concept.
• The exchange supports several deposit channels, including bank wire transfers, peer-to-peer payments, credit/debit cards, and payment processors.
• If you’re planning to keep your newly purchased coins for an extended period, we highly recommend securely storing them in a hardware wallet.

Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia’s highest-rated crypto exchange as per our Trust Pilot Reviews. At the moment, several things about STEPN remain in production and this incorporates a big influence on just how shoes happen to be priced by market inside STEPN.

Send SOL or BNB to your STEPN wallet

We do not encourage you to invest your money in such products, and we are not responsible for any money lost. Quite simply, a STEPN sneaker is known as a digital advantage which is , would be the only solution to earn money through walking using STEPN. Tennis shoes can be bought within the in-app software industry within the STEPN app using cryptocurrency. Stepn Tennis shoes can be very pricey, however the health insurance and financial rewards are just as worthwhile.

The higher this attribute, the less GST tokens you have to spend on repairs. There are currently 4 different sneaker qualities available in the game. The legendary ones will be added to the game at a later date. Once you click on the buy button, WazirX will match you with sellers. However, if you wish to purchase the USDT from a specific seller, you can add the XID of that person and complete the transaction. This is because you will need to purchase a sneaker first before you can go for a run or walk.

Jerry Huang and Yawn Rong are co-founders of the project, with Huang having 10 years of experience in mobile game development. The founders have strong backgrounds in crypto, gaming, and serial entrepreneurship. The project is the first sports app built on Solana, a Proof-of-Stake blockchain that processes over 700,000 transactions per second in an energy-efficient manner. How to buy STEPN might be at the top of your priorities given the buzz around the asset in recent days. The new project is pushing the frontiers of the application of blockchain technology with the trio of gaming, fitness, and socials.

Complete the https://cryptolisting.org/ as per the payment details on the screen (seller’s bank/UPI details). Once the payment is complete, upload the payment proof and click on the checkbox “I HAVE PAID”. Without completing your KYC verification, you can not trade peer-to-peer or withdraw funds on the WazirX app.

For example, the “luck” and “comfort” features have minimal impact on revenue right now, given that they affect highlights of the game that are yet to become released . While “efficiency” and “resilience” already have a big impact on a sneaker’s earnings. The dev team plans to introduce monthly and weekly marathons, with the monthly marathons allowing users to earn GST tokens even when they aren’t running. The STEPN mobile app offers users a ‘Solo Mode,’ with plans to introduce multi-user functionality in the future.

You can use the app without participating in the rewards program, but nothing about it is superior to other fitness apps like Fitbit, Apple Watch, or GoogleFit. This section is our top picks of where and how to buy the Stepn GMT Crypto token. We chose these based on our experience of using them and considered fees, security, payment options and reputation.

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Binance Labs, the venture capital arm of Binance, has also invested in the project. Bill Qian, Head of Binance Labs, noted that the ‘gamification of exercise’ will bring more people into Web 3.0. You can buy any large-cap cryptocurrency on CoinStats’buy crypto with bank cardpage, and swap that crypto for STEPN . Once the transaction is completed,your STEPN will be credited to your digital wallet, and you can track your STEPN holdings in your CoinStats account.

However, investors enjoy 4% cash back bonuses whenever a Coinbase debit card is used to purchase crypto assets. Established in 2013, Gate.io has grown in to a reputable trading platform. The exchange boasts a large number of altcoins including STEPN , and is often the first exchange to add new tokens. Notably, Gate.io maintains a strong stance against any type of market manipulation. Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies.

Another potential barrier to entry is getting an activation code, which you’ll have to receive from a current StepN user. These can be difficult to come by, occasionally popping up in the StepN Discord, but it’s recommended that you do this by the books and get a code from a current user. Just like other fitness apps, all you have to do is open StepN before you go on your walk, jog, or run. Because the app uses GPS to track your movement, you can’t use it on treadmills or ellipticals, so make sure you’re headed outside for your exercise.

The app is geared to detect natural movement, so no hopping on an e-scooter to try to make bank and cheat on your workout goals (in fact, there are numerous anti-cheating mechanisms in place). Your earning time is limited by your Energy, which determines how long you can use the app and earn GST in a single session. How much Energy you have is connected to how many of digital sneakers you own.