Green Satoshi Token Price

The STEPN Green Satoshi Token (GST) cryptocurrency has shot to fame amid the highly volatile crypto market thanks to the rising popularity of the STEPN game. As more users sign on to play the game, the GST price could enjoy an uptrend powered by increased demand among players.

In addition to an uptick in the number of players on the STEPN game, bullish sentiment in the wider crypto market and growing interest in the GameFi sector can help support the Green Satoshi Token price statistics.

The Green Satoshi Token price could also increase as investor interest in digital assets, and Web3 grows. As one of the most popular Web3 dApps enjoying high levels of adoption, STEPN could be one of the critical drivers of mainstream interest in this emerging technology, making the GST crypto a valuable asset to invest in early on.

The STEPN app was created by Australian fintech company Find Satoshi Lab in August 2021. After the core team was in place in September, the game made a splash in the market after winning Solana’s Ignition Hackathon Gaming Track in October 2021.

STEPN made a mark during its participation in the hackathon as it was the only mobile NFT-based dApp in the gaming category to win at the event. The project co-founders include Jerry Huang, Yawn Rong, and Jessica Duan. The co-founders have varied backgrounds, ranging from game development and marketing to crypto investor and design.

The public beta of STEPN went live in December 2021 after the closed beta test concluded in the prior month. The team launched the in-app NFT marketplace and trade functions in Q1 2022.

The decentralized wallet of STEPN was upgraded to support multiple blockchains during Q2 2022. The marketplace was also upgraded with multi-chain support functionality.

Here are the several ways you can earn Green Satoshi Tokens:

Play STEPN Game

Playing the STEPN game after purchasing sneaker NFTs is the best and most effective way to earn Green Satoshi Tokens. You can earn more tokens by choosing the right sneaker, being the most active, and upgrading your NFTs to increase your potential.

Sell NFT Sneakers or Rent Them Out in the Marketplace

Another way to earn GST crypto is by selling your NFT sneakers on the marketplace within the game. STEPN’s developers will also be adding features to allow you to rent out your NFT sneakers to other users, receiving a percentage of their rewards as earnings.

Passive Revenue

You can increase your GST holdings by lending liquidity on DeFi platforms and crypto exchanges that support this option. Doing so offers the least risky opportunity to earn GST, although the earning potential would be far more limited than what you can make as a player.

The following actions contribute to the burning of Green Satoshi Tokens from the Spending Account within the STEPN game ecosystem:

Minting of NFT Sneakers

Whenever new sneakers are minted on the STEPN marketplace, GST tokens are burned.

Repairing of Sneakers

When a player decides to tend to the wear and tear of their sneakers by investing in their repair, they have to spend GST tokens. This function of repairing sneakers also prompts the burning of GST crypto in the game.

Leveling Up Sneakers

When players trade-in their existing sneakers for higher value sneakers on the NFT marketplace, STEPN activates the burning of GST tokens.

Gems Upgrade

Gems are options to upgrade NFT sneakers in the game and make them more valuable. Adding Gems to players’ sneakers causes the token burn mechanism for GST to be triggered.

Unlocking Sockets

As players advance in the game, they gain access to more ways to increase their earning potential. One such option is Sockets, unlocked as players go through the multiple levels on STEPN. Unlocking access to Sockets to increase the lucrativeness of the NFT sneakers also causes STEPN to burn GST tokens.

You can swap GST tokens from the Solana network to the Binance Smart Chain (BSC) using a bridge that supports the transfer of tokens between different blockchain networks. One such option you can use for this is the Wormhole v2 bridge.

However, bridge protocols will only let you swap wrapped assets from one blockchain to another and may not allow you to convert the SPL GST crypto into the BEP-20 GST token. You can transfer without the wrapping feature between the two blockchains using STEPN’s very own decentralized wallet.

The Swap or Trade function of the STEPN decentralized wallet has adequate liquidity to let you convert your Solana-based GST tokens into GST crypto for use in the BSC ecosystem. Click the Swap/Trade button and enter the number of tokens you wish to bridge from one chain to the other to execute the order.