Analysis of GST Coin: The Core Token of the STEPN Ecosystem

STEPN Project Introduction

STEPN is a Web3 fitness social application that combines Social-Fi and Game-Fi elements, aiming to enhance users’ fitness experience by introducing social elements and gamification methods. Users can earn Green Satoshi Token (GST) by walking, jogging, or running outdoors with NFT sports shoes equipped. These tokens can be used to upgrade and forge new sports shoes. Players can also choose to rent or sell their NFT sports shoes in the in-app market, store the earned GST in the built-in wallet, and then trade through the built-in exchange feature.

STEPN adopts a dual-token economic model to balance in-game economic incentives and governance needs. Among them, Green Satoshi Token (GST) serves as the functional token of the platform, with unlimited supply, mainly used for in-game economic activities; Green Metaverse Token (GMT) serves as the governance token, with a total fixed supply of 6 billion, aimed at empowering platform governance and unlocking advanced features. Through this dual-token mechanism, STEPN incentivizes user participation in sports while ensuring the decentralized nature of the governance system, aiming to build a sustainable ecosystem.

STEPN Project Identification (Image Source:https://x.com/Stepnofficial)

Related links:

Official Website Entrance:https://stepn.com/

X (Twitter):https://x.com/Stepnofficial

Telegram:https://t.me/STEPNofficial

Dexscreener:https://dexscreener.com/solana/AFbX8oGjGpmVF

Solscan:https://solscan.io/token/AFbX8oGjGpmVFywbVouvhQSRmiW2aR1mohfahi4Y2AdB

Trading Entrance:https://www.Gate.com/en/trade/GST_USDT

Application Download:https://apps.apple.com/us/app/stepn/id1598112424(IOS)

https://play.google.com/store/apps/details?id=com.bcy.fsapp(Google Play)

$GST Token Information

Token name: Green Satoshi Token (GST)

Release Date: April 30, 2018

Total supply: 11.57 billion GST

Token types: ERC-20 / BEP-20 / SPL

Contract Address:

0x473037de59cf9484632f4A27B509CFE8d4a31404 (ERC20)

AFbX8oGjGpmVFywbVouvhQSRmiW2aR1mohfahi4Y2AdB（SPL）

0x4a2c860cEC6471b9F5F5a336eB4F38bb21683c98 (BEP20)

$ GST On-Chain Information (Image Source:https://solscan.io/token/AFbX8oGjGpmVFywbVo)

$GST Token Function

Green Satoshi Token (GST) is a functional token on the STEPN platform, mainly used to reward users for their activities within the platform, such as earning GST through activities like walking and running. It can also be used for in-app transactions, such as buying and selling NFT sneakers, gems, and other items, or exchanging GST for other cryptocurrencies to realize profits. In the STEPN app, the main functions of GST include:

Forge new sneakers: Users can forge new NFT sneakers by consuming GST to expand their collection or for trading.

Upgrade NFT sneakers: Users can use GST to upgrade their NFT sneakers to improve attributes and performance. At the same time, sneakers will wear out during use and also require GST for repair.

Unlock Gem Slots: Gem slots can enhance specific attributes of sneakers. Users need to use GST to unlock these slots to enhance sports performance.

Open Mystery Box: During the exercise, users have the opportunity to obtain a mystery box, which requires GST to open and receive random rewards.

GST casting NFT sneakers page (Image source:https://m.stepn.com/)

$GST price trend

In the past week, the overall price of GST has shown a downward trend, with a weekly decline of nearly 22%, indicating a relatively pessimistic market sentiment. Specifically, there was a significant selling wave on the 24th, followed by a brief price rebound on the 25th, but it failed to break through the previous resistance level, with bearish sentiment dominating the market. As of February 27, 2025, when this article was written, the latest price of GST is $0.01094. There is still a risk of further decline in the short term. Investors are advised to closely monitor changes in trading volume and potential support/resistance levels to assess whether there are signs of stabilization or new market momentum.

02/21 - 02/27 period $GST trend (Chart Source:https://dexscreener.com/solana/AFbX8oGjGpmVFy)

$GST Price Forecast

Based on the recent price trend, $GST faces significant selling pressure in the market, but the volatility is expected to gradually decrease, possibly continuing to test recent lows; in the next month, the price is expected to range between $0.0035 - $0.005, currently at the end of a downward trend.

In addition, according to the price prediction of the Ai model, starting from early March 2025, the GST price is expected to stabilize and gradually rise, with the overall confidence interval still relatively low, indicating limited increase, investors need to beware of market volatility risks and allocate assets reasonably.

$GST price trend AI model prediction (Image source:https://cryptopriceperdiction-isshiliu.streamlit.app/）

Conclusion

As the core driving force of the STEP Network ecosystem, $GST acts as the fuel for the platform, playing a crucial role in user incentives and economic cycles. In the long run, with the gradual popularization of Web3 fitness applications, the market demand for $GST is expected to receive new support, and its future trend will be influenced by multiple factors such as the progress of the STEP Network ecosystem and the optimization of the token economic model. For investors, it is recommended to formulate strategies by combining technical analysis and fundamental research, accurately grasp market trends, and explore the opportunities brought by this highly potential Web3 innovative application.