A handful of exchanges support the token, but special care and attention should be given to the security and the applicable fees on the exchange. Also, consider if the cryptocurrency exchange allows buying STEPN with your preferred payment method, such as a credit or debit card, another cryptocurrency, or a bank transfer. The STEPN app offers three different game modes – Solo, Marathon, and Background Mode.
Activation Codes
- There were many more during the peak of STEPN’s popularity in the spring, and now the application is enough for users.
- You might think, why not just be minting more sneakers one after the other once the cooling period is over?
- Jerry Huang and Yawn Rong are co-founders of the project, with Huang having 10 years of experience in mobile game development.
- In order to play STEPN, you must first install the mobile app, register your account and get an activation code for STEPN.
- The game itself is for free, however, in order to play, you first need to buy a STEPN Sneaker NFT.
As you move more and more and on a consistent basis, you’ll start to earn rewards in the form of Green Satoshi Token (GST) or Green Metaverse Token (GMT). And there are also other ways to get your hands on one, which we’ve outlined in our guide on how to get STEPN activation codes easily. Since you’ll need to acquire an NFT sneaker, the monetary threshold to get started is actually fairly high for a lot of people. The only way to earn rewards via STEPN is if you combine your preferred type of movement with the right NFT sneaker. After launching in March with a price of $0.15, it hit a high of $4.11 on April 28 and broke into the top 100 cryptocurrencies by market cap. The price has cooled off since then, which often happens with cryptocurrencies.
What Is a NFT Marketplace?
One Energy is equal to about five minutes of movement and your energy replenishes at a rate of 25 percent of max energy every six hours. Hold down the red stop button on the bottom left of the app to confirm the completion of your movement. For more advanced details, refer to our advanced gameplay details below. To do so, you’ll need to choose the import wallet option and enter your seed phrase, or secret recovery phrase to generate your existing wallet.
STEPN Sneaker NFT Levels
The founders have strong backgrounds in crypto, gaming, and serial entrepreneurship. When you’re finished customizing, scroll down to the bottom of your screen and tap the “Submit Swap” button. GST can be earned immediately, while GMT requires you to reach a level of at least 30. But let us at least give you a quick overview and we’ll go into much more detail in a separate STEPN guide on tokenomics very soon. STEPN’s gameplay, while generally easy to understand, is still quite complex due to all the different in-game elements and how they work together. And for the really clever ones amongst you, don’t even try to cheat.
As such a large player in the crypto space, Binance also runs on its own blockchain, giving it an added advantage. A major advantage of Binance NFT is that it charges very low fees. It’s also a user-friendly platform built using similar technology and layouts as their exchange.
You can buy and sell virtual lands in Decentraland, personalize your properties, and store them in a smart contract based on Ethereum. These NFT assets include music, digital items, videos, website domains, and real-world objects. Another advantage of Magic Eden is the ability to track statistics. You can choose the interval you are interested in and see how the floor has changed for STEPN sneakers. The cost and volume of sales in dynamics are clear and important indicators for any asset.
To start, we purchased a pair of walking sneakers from inside the StepN app for 12.9 SOL. When doing these types of earnings logs, it’s helpful to minimize how often you swap from token to token. To simplify things and to DCA as much as possible, we are only swapping GST to USD once at the end of each week. To buy cryptocurrency, including STEPN (GMT), you first need to create an account with a cryptocurrency exchange that supports the token.
STEPN Sneakers are a crucial element of the game, however, they can also overwhelm many people due to the complex nature of all their characteristics. Once you’ve decided which Sneaker you’d like to buy, there are 2 ways to initiate the purchase. The easiest approach is to simply select a Sneaker at the current floor price (i.e. the cheapest available). This is usually the part where most people are completely overwhelmed by the massive selection of Sneaker NFTs that are available for purchase.
Some of the exchanges that list the GMT token include Gate.io, MEXC Global, Binance, and Coinbase. STEPN has had an impressive track record https://forexbitcoin.info/ since entering the space. The project is the first and only mobile game to win the Solana Ignition Hackathon Gaming Track in 2021.
If you are struggling to find an activation code, be sure to check the STEPN Discord, as they frequently give away additional codes for use. Now that you’ve learned how to buy STEPN sneakers and actually acquire your first shoe, it’s time to get moving. Users can purchase Moment NFTs with credit/debit cards or select cryptocurrencies, such as Bitcoin, Ethereum, Bitcoin Cash, DAI or USDC.
Rarible is a community-owned NFT marketplace, with its “owners” holding the ERC-20 RARI token. Rarible awards active users of the platform with RARI tokens to buy or sell on the NFT marketplace. Our veteran degen, Hanko, purchased a pair of StepN walking sneakers to see what all the hype was about.
These are more suitable for experienced users who own large amounts of tokens. Sign up for a CoinStats account if you don’t already have one, and verify your identity. Connect your digital wallet that supports Ethereum-based tokens, such as MetaMask or MyEtherWallet, to your CoinStats account. While GST has an unlimited supply, the supply of GMT has been capped at 6 billion, and the token is only awarded to users who upgrade their sneakers past level 30. The most affordable NFT sneakers cost 13 SOL, over $800, at the time of this writing.
OpenSea also allows you to buy NFTs using several virtual currencies, like ETH and DAI. For example, you can immediately buy level 30 sneakers for the GMT farm and not download zero ones. Since there is a rate at which your sneakers wear out with respect to its durability, you will be needing periodic standard stp account repairs. To repair, just click on the Sneaker you want to get fixed and slide the bar to get the sneaker health to 100% if you like… or 95%. Some prefer to wait till it’s a little above 50% before repairing it. The higher the Resilience attribute of a Sneaker, the slower its decay rate.
A higher efficiency attribute increases the sneaker’s GST earnings per energy used. You may pause the STEPN GPS tracker at any time during your movement and if doing so, your energy will stop depleting, as you are not earning tokens. Of the initial supply, 30 percent of the GMT will be distributed to users through the game and governance participation and each day, a set number of GMT is unlocked to earn.
This marketplace doesn’t accept “meme style” NFTs, and it is highly selective with NFT submissions. You can buy video clips, play highlights and art for both the NBA and the WNBA. A LeBron James slam dunk video fetched $208,000 at the height of the NFT market in February 2021.
