GMT

The Green Metaverse Token (GMT) is a cryptocurrency token based on the Solana blockchain. It is a native Find Satoshi Labs (FSL) ecosystem token and the governance token of STEPN, a Web3 lifestyle dApp. ^[1]

Overview

Green Metaverse Token (GMT) is the governance token for STEPN, with a fixed supply of 6 billion tokens. Unlike GST, GMT is deflationary, with its total issuance halving every three years. Thirty percent of GMT will be distributed through Move-to-Earn (M2E) and governance participation. ^[8]

Find Satoshi Labs (FSL)

Find Satoshi Labs (FSL) is a growing Web3 product development studio that creates various user-centric Web3 products. FSL was established in August 2021 by Yawn Rong, an Australian blockchain entrepreneur. Rong co-founded STEPN with his neighbor Jerry Huang, a game developer and former founder of Falafel Games. Their offerings include STEPN, STEPN GO, MOOAR, GAS HERO, and DOOAR, focusing on advancing the global adoption of Web3 technology. ^[1][2]

• STEPN is a Web3 app that integrates Game-Fi and Social-Fi elements to motivate users to walk, jog, or run outdoors while wearing NFT Sneakers. As users engage in these activities, they earn tokens and mystery boxes. The app aims to encourage a healthier lifestyle, raise awareness of climate change, and introduce users to Web3 technology. ^[3]
• STEPN GO is an extension of STEPN that integrates social fitness into daily routines. Users can buy, borrow, or lend digital Sneakers to earn rewards for physical activity, which can be used for upgrades, withdrawals, or customization of their online profiles, promoting exercise and social interaction. ^[4]
• MOOAR is a multi-chain NFT marketplace incorporating gamification to make trading more engaging. Users can earn MOOAR Boxes by trading and gaining experience points (XP). These boxes contain shards, which can unlock Bluechip NFTs or be traded with others. Members of MOOAR+ have access to extra features and an enhanced experience. ^[5]
• GAS HERO is a Web3 strategy game utilizing GMT, the FSL ecosystem coin, and social features. Players can use customizable Hero NFTs, which include weapons and pets, to embark on quests and earn in-game items. The game involves competing for resources, recognition, and influence. ^[6]
• DOOAR is a platform that facilitates cryptocurrency trading within the FSL ecosystem using smart contract technology, eliminating the need for third-party custodians. It charges a 1% trade fee, which is used to support and grow the FSL ecosystem. ^[7]

Tokenomics

GMT is the governance token of the FSL ecosystem. It has a total supply of 6B tokens and has the following distribution: ^[1]

• Move and Earn: 30%
• Ecosystem/Treasury: 30%
• Private Sale: 16.3%
• Team: 14.2%
• Binance Launchpad Sale: 7%
• Advisors: 2.5%