Is STEPN (GMT) a Good Investment?

Although it is impossible to make an accurate STEPN (GMT) price prediction over any duration, the fundamentals of the project suggest that it could be a good crypto asset to invest in. As one of the most trending Web 3.0 games on the blockchain, STEPN could see rising adoption by players, which could support the GMT price and market capitalization and take it higher. As more players sign up and start playing the game, the GMT token burn picks up pace, making the token even more valuable and taking the STEPN price and market cap higher. In addition to an uptick in the number of players, increased activity in the NFT marketplace could also power an uptrend in the live price of STEPN. As Web3 applications gain more mainstream traction, GameFi dApps like STEPN could be among the most popular examples of powering the trend. The STEPN price could also increase as the crypto market sentiment turns positive, boosting investor confidence in buying digital assets like GMT.

How to Earn GMT in STEPN Game

STEPN minted six billion GMT tokens at the Token Generation Event (TGE) on 9 March 2022. Here are the multiple ways you can earn tokens: Playing STEPN You can earn GMT tokens by playing the STEPN game and moving up through the levels. At Level 30, you have the option to swap GMT for USDC. Governance Participation STEPN rewards you for participating in the game’s governance by distributing GMT tokens. Earn GMT via Staking or Lending Liquidity In addition to earning GMT within the STEPN ecosystem, you can also obtain GMT crypto by buying them directly on supported exchanges like KuCoin. You can then put your GMT holdings to work via staking or lending liquidity to grow your portfolio and earn more GMT crypto.

Why Does STEPN Burn GMT Tokens?

Several activities contribute to GMT token burning to bring down its total supply within the STEPN game. Let’s take a look at them below: Increase GST Supply STEPN burns GMT to permanently increase the daily earning limit on the game's Green Satoshi Token (GST). Mint NFT Sneakers GMT is burned while minting rare, epic, legendary sneakers with high value and high earning potential for players. Improve NFT Sneaker Quality You can burn GMT in STEPN to improve your chances of getting your hands on a higher-quality sneaker when you open a mystery shoebox. Re-distribute Points The Green Metaverse Token is burned while redistributing attribute points within the STEPN app. Upgrade Gems You must participate in GMT token burning when upgrading Gems on your new sneakers on the level of 5, 10, 20, 29, and 30 in the game. Improve Success Rate of Gem Upgrade GMT token burning improves the success rate of Gem upgrades and sneaker upgrades. This can improve your earning potential from the NFT sneakers you purchase and use while playing the game. Leveling Up As the game progresses, you must burn GMT to cross Levels 5, 10, 20, 29, and 30. Better Shoe Minting Burning GMT can also raise the likelihood of receiving two sneakers when you mint NFTs within the STEPN marketplace.

How to Buy STEPN (GMT)

Price of STEPN (24h)$0.2071417231634677

-0.09%

Real-Time GMT Rate Converter

Interested in buying STEPN (GMT) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy STEPN (GMT) instantly wherever you are! Check out all the ways you can buy GMT on KuCoin.

Buy STEPN (GMT) on KuCoin in Four Simple Steps

Create Your Free KuCoin Account

Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

Secure Your Account

Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

Verify Your Account

Verify your identity by entering your personal information and uploading a valid Photo ID.

Add a Payment Method

Add a credit/debit card or bank account after verifying your KuCoin account.

Buy STEPN (GMT)

Use a variety of payment options to buy STEPN on KuCoin. We'll show you how.

Choose How You Want to Buy STEPN on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying STEPN (GMT).

Buy STEPN (GMT) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy STEPN (GMT). Here's how to buy:

1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.

2. Transfer your crypto to a KuCoin Trading Account. Find your desired STEPN (GMT) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for STEPN (GMT).

Tip: KuCoin offers a variety of order types to buy STEPN (GMT) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.

3. As soon as your order is successfully executed, you will be able to see your available STEPN (GMT) in your Trading Account.

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How to Store STEPN (GMT)

The best way to store STEPN (GMT) varies based on your needs and preferences. Review the pros and cons to find the best method of storing STEPN (GMT).

Store STEPN in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your STEPN in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your STEPN (GMT) to a non-custodial wallet. Storing STEPN (GMT) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your STEPN (GMT) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your STEPN (GMT).

What Can You Do with STEPN (GMT) on KuCoin?

Hold

Store your STEPN (GMT) in your KuCoin account.

Trade

Trade STEPN (GMT) in the spot and futures markets.

Earn

Earn passive income by staking or lending STEPN (GMT).

Why Is KuCoin the Best Platform to Buy STEPN (GMT)?

Safe and Trusted

Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

High Liquidity

Boasting a high liquidity order book for all listed cryptocurrencies, KuCoin delivers a liquid trading experience with tight spreads.

Home of Crypto Gems

KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy STEPN and trade it against various digital assets on KuCoin.

Intuitive Interface

Buying STEPN (GMT) on KuCoin is quick and easy, thanks to our intuitive interface and powerful technology. Obtain GMT in an instant when you buy on KuCoin.

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FAQ

Is Terra LUNA Classic (LUNC) a Good Investment?

Investors are eyeing Terra LUNA Classic's native token, LUNC, with optimism and caution. Here's what you need to know:

Terra’s Past Success

Terra has a strong track record of adoption, particularly in the DeFi sector. However, the recent launch of Terra 2.0 has raised questions about the future of Terra Classic.

Migration to Terra 2.0

Notably, several major projects are planning to migrate to Terra 2.0. This migration may impact the trajectory of Terra Classic. It could shift its focus towards building a global cryptocurrency-based payments network, potentially influencing the LUNC to USD price.

A New Identity

Terra Classic is at a crossroads, and its evolution may redefine its identity. Developers are actively exploring new strategies after a security incident, which could make LUNC more appealing as an investment.

Strong Terra Community Support

Despite challenges, LUNA Classic boasts a robust community that believes in its potential. Terraform Labs' decision to create Terra 2.0 and airdrop LUNA tokens to LUNC holders aims to bolster investor confidence and support the short-term LUNA Classic price.

The investment landscape for LUNC is evolving, with Terra Classic navigating changes and seeking a fresh identity. While there are risks, the project's history and community support add credibility. Stay informed about LUNC price trends and Terra Classic's progress to make informed investment decisions.

What Is LUNA Classic (LUNC) Price Prediction?

The highly volatile nature of the crypto market makes it impossible to offer a reliable LUNC price prediction over any timeframe. However, you could monitor the following factors to gain a better understanding of the price trends in the LUNA Classic cryptocurrency:

Development of the Terra Classic Ecosystem

Progress in the development of Terra Classic's ecosystem, including updates, partnerships, and technological advancements, can positively impact LUNC/USDT price by attracting investors and users.

Level of Competition From Other Blockchains

Competition from other cryptocurrencies can affect LUNC's price. If alternative projects offer more attractive features or benefits, investors may shift their attention and funds, potentially affecting LUNC price negatively.

Crypto Market Sentiment

Like all cryptocurrencies, LUNC's price is highly sensitive to market sentiment. Positive news, endorsements, or developments can drive up demand and prices, while negative sentiment can cause a decline in the LUNA Classic price.

Technological Factors

Security breaches or vulnerabilities in the Terra Classic network can negatively affect investor confidence and lead to LUNC coin price declines.

What Is the Relationship Between LUNC and USTC Stablecoin?

Terra LUNA Classic (LUNC) is intricately connected to the stablecoin TerraUSD Classic (USTC) within the Terra Classic blockchain ecosystem. This relationship is fundamental to the protocol's mechanism for maintaining price stability.

Price Stability Mechanism

As demand for USTC, the stablecoin pegged to the US dollar, increases, a unique mechanism comes into play. Terra LUNA Classic holders can trade their LUNC tokens for USTC. This exchange serves a vital role in stabilizing the value of USTC and ensuring it remains closely pegged to the US dollar.

Burning and Minting LUNC

When the demand for USTC surges, the Terra Classic community responds by burning LUNC tokens. This action reduces the supply of LUNC in circulation, which in turn bolsters the value of USTC, helping it maintain its peg to the US dollar. Consequently, this can increase the Terra LUNA Classic price and overall market capitalization.

Conversely, if the demand for USTC experiences a decline, leading to an oversupply of USTC in the market, a mechanism is activated to mint more LUNC tokens. These newly minted LUNC tokens help counterbalance the oversupply of USTC, ensuring that the stablecoin's peg to the US dollar remains intact.

The relationship between LUNC and USTC within the Terra Classic ecosystem is dynamic. It enables a self-regulating mechanism where the community's actions, either burning or minting LUNC, help maintain the stability of USTC and, by extension, the overall stability of the Terra LUNA Classic network.

This symbiotic relationship underscores the importance of LUNC as a stabilizing asset within the Terra Classic blockchain, contributing to the long-term viability and confidence in the ecosystem.

How to Transfer LUNC to Terra Station

Terra Station is the official wallet for the Terra Classic and the new Terra blockchain. It offers a secure platform for managing your LUNC holdings, allowing you to engage in long-term holding, staking, and participation in the governance of the Terra 1.0 ecosystem. Here's a detailed guide on how to seamlessly transfer your LUNC tokens from KuCoin Exchange to Terra Station:

1. If you don't already have a Terra Station account, begin by creating one. This is your gateway to managing your LUNC tokens securely.

2. Visit KuCoin and navigate to the Spot Trading section to acquire LUNC tokens. Ensure you have a sufficient balance to transfer to Terra Station.

3. Link your external wallet to your Terra Station account. This step facilitates the smooth transfer of LUNC tokens between KuCoin and Terra Station.

4. Within Terra Station, switch the network from mainnet (Terra 2.0) to classic (Terra Classic). This action grants you access to work with LUNC tokens on Terra Station.

5. Return to your KuCoin account and select the option to withdraw Terra LUNA Classic (LUNC) crypto. Enter the specific amount of LUNC tokens you intend to send to Terra Station and your Terra Station wallet address in the destination box.

6. Before finalizing the withdrawal, carefully review and confirm all transaction details, including the processing fee associated with the transfer.

7. Once the transaction is complete, your LUNC tokens will be safely stored in Terra Station. You can store or stake them from here to participate in the Terra Classic ecosystem.

STEPN (GMT) Price Analysis

Live Price

The live price of GMT is 0.2124 USD, representing a decrease of -5.38% in the past 7 days and -0.09% decrease in the past 24 hours.

Historical Trends

The all-time high of GMT was 4.11 USD on 04-27, 2022, from which the coin is now down -94.84%.
The all-time low of GMT was 0.1003 USD, from which the coin is now up 52.76%.

ATL$ 0.1003

ATH$ 4.11

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Disclaimer

Given the nature of the crypto market, the price of STEPN (GMT) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.