A lifestyle crypto project built on the Solana (SOL) blockchain is hinting that it has a big announcement coming down the pipeline.
In a recent interview, an unnamed STEPN (GMT) crypto platform representative says they have an upcoming announcement relating to sportswear giants Adidas and Nike.
“Big sports brands like Nike and Adidas are known for shaping the market regarding walking and running. Do you see these players as a threat in the future?
You will see we have an announcement about this very soon.”
STEPN is a lifestyle app that incentivizes a healthy and active lifestyle by rewarding users with tokens for participating in outdoor activities such as walking and running.
Earlier this week, STEPN had teased on Twitter that it was planning an undisclosed partnership with the Binance cryptocurrency exchange.
A beginning of many possibilities! pic.twitter.com/jfYPB7Pwe0
— STEPN | Public Beta Phase III (@Stepnofficial) March 28, 2022
The native governance token of STEPN, GMT, is trading at $2.03 at time of writing. GMT’s token sale occurred on Binance on March 9th at an initial exchange offering price of $0.01. The token has recorded a 20,200% rally in a little over three weeks.
STEPN has a dual-token system with GMT’s use case being voting and staking while the Green Satoshi Token (GST) being a user reward for walking or running.
In the Solar Eco Fund interview, the move-to-earn crypto project says that maintaining a high return on investment (ROI) on the GMT token is one of the methods it will employ to maintain a competitive edge.
“People are chasing high sustainable ROI, we believe we will be on the top of the list by providing long-lasting use cases and burning scenarios of GMT to maintain the high demand of GMT.”
STEPN also says that its strategy for attracting more users includes “converting the [STEPN] app into an [non-fungible token] and social platform.”
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Art Furnace/Natalia Siiatovskaia