STEPN 1st Quarterly GMT Buyback & Burn Event
STEPN has generated a profit of 198,635.62 SOL ($26,815,807.35) from its NFT Marketplace trading and royalty fees in Q1 2022.
In order to create more value for the STEPN ecosystem, they will be using this profit to buy back and burn GMT on-chain from secondary market.
Please note that this process can take up to a month to complete to avoid causing sudden price volatility.
STEPN, is a move-to-earn NFT project that pays users in crypto to run or move outside. Riding the wave, STEPN has attracted over 200,000 monthly active users and 90,000 daily active users in a matter of months.
In the future STEPN also has plans to implement a rental system, where users will be able to rent sneakers out to other users. This will effectively create thousands of small, tight-knit networks within the game itself as renters and rentees create small economies of their own, adding more value on both sides as more and more people join the marketplace.
ABOUT STEPN
STEPN is a Web3 lifestyle app with Game-Fi and Social-Fi elements.
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