Vietnamese gamers have a fever with a new way to dig coins, don’t ask for buffalo to plow billions, just run daily to dig coins
In the past few days, STEPN (with the main token being GMT – Green Metaverse Token) has caused a stir among cryptocurrency investors. In less than 1 month, GMT has increased nearly 300 times compared to the opening price of IDO. This can be considered as one of the strongest growth tokens in the past 1 year on the market.
Are known, STEPN is a project that uses the Move-to-Earn model, allowing users to make money from just running every day. To do that, users need to download STEPN’s app, then buy a pair of shoes that match their mobility and earn GST from each of their workouts. STEPN uses 2 tokens in its project, GMT (administration token, total supply of 6 billion tokens) and GST (in-game bonus token, infinite supply).
Thanks to the novelty as well as the support of fitness, STEPN was selected as the 28th project to receive IEO on the Binance Launchpad platform on March 9, despite coming from Solana. A total of 8.7 million BNB were locked by Binance users to participate in the IEO, worth nearly $3.5 billion.
The explosion of GMT made a series of Move-to-Earn projects emerge like mushrooms after the rain. We can name them like Genopets (GENE), Olivex (DOSE) or DEFY. These projects have attracted a large number of users as well as investment. In the context of the gloomy cryptocurrency market from the beginning of 2022 until now, Move-to-Earn projects that have emerged like strange birds are attracting strong cash flows back into the market.
The domestic investor community in general and Vietnamese gamers in particular are not outside this game. Many people have started investing again in Move-to-Earn projects and typically STEPN. Even a new service called “hiring a runner” has also opened and attracted a lot of attention. This is a market for investors who pour money into STEPN but don’t have the time (or energy) to run and complete the game’s missions. Therefore, they have to hire others to run for them to share the rewards.
Information about cryptocurrencies (cryptocurrency), commonly known as “virtual money” has not been recognized by law in Vietnam. The information in the article is for reference only and has no investment recommendation value. GameFi (short for Game + Finance) or Game NFT is a term for blockchain games that combine financial elements. The information in the article is for reference only and has no investment recommendation value.
at Blogtuan.info – Source: gamek.vn – Read the original article here
