What Is GMT (Green Metaverse Token) Crypto Coin? Explained in 2025

GMT, or Green Metaverse Token, isn’t just another crypto coin. It’s the backbone of StepN, a move-to-earn app that rewards you for walking, jogging, or running - but only if you’re willing to play by its rules. Launched in 2022 by Find Satoshi Lab, GMT was built to give users real control over the platform’s future. Unlike most tokens that just float in and out of wallets, GMT is tied to something tangible: your sneakers, your steps, and your ability to unlock features inside the StepN app.

How GMT Works Inside StepN

StepN runs on the Solana blockchain and uses a dual-token system: GMT and GST. Think of GST as the daily cash you earn from walking. Every time you move, you mint GST - the more you walk, the more you get. But GST alone doesn’t do much. To upgrade your sneakers, customize them, or get rare NFTs, you need GMT.

GMT is the governance token. It’s fixed at 6 billion total coins - no more will ever be created. That’s different from GST, which has no cap and floods the market as people move. Because GMT is limited, its value depends on how much demand there is inside StepN. If more people use the app, they spend more GST, and a portion of that GST gets used to buy and burn GMT. That’s the burn mechanism - it reduces supply and can push prices up.

But here’s the catch: you can’t earn GMT just by walking. You have to complete quests, hit milestones, or win special events inside the app. Some users report earning a few hundred GMT over months of consistent use. Others spent hundreds of dollars on NFT sneakers only to see their GMT holdings drop by 80% within a year.

What You Can Do With GMT

GMT isn’t just a store of value - it’s a key that unlocks features you can’t access with GST alone:

• Customize sneakers: Change names, colors, and designs - but it costs GMT.
• Upgrade gems: Improve the stats on your sneakers. After Level 4, your success rate goes up if you spend GMT.
• Unlock rare sneakers: Higher chances of getting legendary or epic NFTs when opening shoeboxes.
• Redistribute attribute points: Reset your sneaker’s speed, comfort, or energy stats - only with GMT.
• Vote on platform changes: Holders can propose and vote on updates like fee structures or new features.
• Stake GMT: Lock your tokens to earn more GMT, GST, or exclusive rewards.

These aren’t minor perks. For serious users, GMT turns StepN from a fitness tracker into a full-blown Web3 game. But it’s expensive to get in. As of November 2025, you need at least $500-$1,000 to buy a sneaker that’s even worth using. And even then, you’re not guaranteed to profit.

GMT Price History and Market Status

GMT’s story is a rollercoaster. In April 2022, it hit an all-time high of $4.03. By late 2022, it was under $0.10. Today, on November 5, 2025, it’s trading at $0.02194 with a market cap of $65 million - down from a peak of $2.4 billion.

That’s a 97.3% drop. What happened? User activity collapsed. StepN had 5 million users at its peak. Now, only 8,400 daily wallets interact with GMT. The app’s 24-hour trading volume has fallen from $1.2 billion to $27.97 million. The burn mechanism - the system meant to support GMT’s value - isn’t working because fewer people are spending GST.

Market analysts are split. Some predict GMT could hit $0.50 by 2027 if user numbers stabilize. Others warn it has a 68% chance of falling below $0.01 in the next 18 months. The truth? GMT’s price is tied to StepN’s survival. If the app dies, GMT becomes a digital ghost.

Why GMT Is Risky - And Why People Still Use It

Let’s be clear: GMT is not a safe investment. It’s a high-risk bet on a fading trend. The move-to-earn model exploded in 2022, then crashed as users burned out and regulators cracked down. China banned such apps in May 2022, calling them “gambling-like.” That alone tanked GMT’s price by 35% in a week.

But people still use it. Why?

• Early adopters made money: Those who bought cheap NFTs and held GMT before the crash still have value.
• It’s addictive: The gamification of fitness keeps people coming back - even if they’re losing money.
• Community belief: On Reddit and Telegram, users swear GMT will rebound. Some claim using GMT to customize sneakers improved their shoebox success rate by 22%.
• Future features: StepN’s September 2025 update introduced SocialFi tools - think community challenges and leaderboards. Early data shows only 12% of users are using them, but if they catch on, GMT could see renewed demand.

Still, the risks are real. Users report waiting 14-21 days for customer support. Withdrawals were restricted during the 2022 crash. One Reddit user lost 85% of their GMT in under a year. CoinGecko ratings average 3.2/5 - not terrible, but far from great.

How to Get Started With GMT

If you’re still interested, here’s what you need:

1. A Solana wallet: Phantom or Solflare work best.
2. StepN app: Download it on iOS or Android.
3. An NFT sneaker: Start with a Level 1-3 sneaker. They cost $500-$1,000. No sneaker? No GMT earnings.
4. Patience: It takes 2-3 weeks just to understand the system. To reach Level 30 sneakers (the only ones that let you swap GMT for USDC), you need 6-8 months of daily activity.

Don’t expect quick returns. GMT isn’t a pump-and-dump coin. It’s a long-term play on whether StepN can reinvent itself. Right now, the app is trying to pivot from fitness to social gaming. If it fails, GMT fades. If it succeeds, the fixed supply could create a supply shock - fewer tokens chasing more demand.

GMT vs. Other Move-to-Earn Tokens

StepN isn’t alone. Other apps like Sweat Economy (SWEAT) and Genopets (GENA) also reward movement. But GMT stands out because of its dual-token system and fixed supply.

GMT’s fixed supply gives it a theoretical edge - but only if demand returns. SWEAT and GENA are simpler, cheaper to join, and less volatile. But they don’t offer governance or deep customization. GMT is more complex, more expensive, and more risky - but also more powerful if you’re in it for the long haul.

Is GMT Worth It in 2025?

Here’s the blunt truth: If you’re looking for a quick crypto win, walk away. GMT isn’t that.

If you’re a fitness enthusiast who loves Web3, enjoys gaming mechanics, and has $500+ to spend on sneakers - and you’re okay with losing money - then GMT might be worth exploring. The burn mechanism, the governance rights, and the potential for a future price surge if StepN revives make it interesting.

But if you’re hoping to earn passive income from walking? You’ll likely lose money. The cost of entry is too high, the rewards too slow, and the platform too unstable.

GMT’s future hinges on one thing: Can StepN become more than a fitness app? If it turns into a social fitness network with AR features, live events, and real community engagement - then GMT could rise. If not, it’ll keep sliding toward $0.01.

Right now, GMT is a gamble on a dying trend - but with a few sparks still glowing. Watch it. Don’t chase it. And never invest more than you’re willing to lose.