STEPN (move to earn lifestyle app native token) has seen a 20% increase, a new all time high.
STEPN trades at $4.03 as of the writing of this article, up 22.2% from its previous high of $4.11.
Let’s now look at what is behind the current price gain today.
Coinbase STEPN Listing
STEPN listing on Coinbase, a US-based crypto exchange is one reason for today’s gain. They will be able trade on the exchange platform.
STEPN’s native token GMT and its other Green Satoshi Token (GST) where players earn after jogging, running, and walking outdoor with STEPN NFT sneakers.
Today’s uptrend of the GST and GMT markets is also part of the entire rally that started in early March of this year, 2022, with the move-to-earn industry acting as the catalyst for the tokens’ value, the tokens are rewarded to active players.
STEPN’s economic model has been revolving around selling nonfungible token (NFT) shoes as well as using the gained profits to buy the tokens back for burning.
— MURO – won’t DM, beware of scam (@MuroCrypto) April 28, 2022
How players use STEPN tokens
The STEPN tokens allow players to level up, fix, and mint NFT sneakers. They can also be sold on its app marketplace.
Players also shared screenshots of their profiles, where they showcased their physical activities and the GST rewards they earned.
OpenSea is the NFT marketplace that has the largest selection of STEPN sneakers. It also offers more opportunities for STEPN NFT sellers to resell them.
How can I get a? $STEPNHow do I activate my activation code
— KSICRYPTO (@ksicrypto) April 27, 2022
The move-to earn tokens are similar to the play-to earn projects like AxieInfinity (AXS).