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Stepn intends to spend over $6 million of Q2 profits to buy back and burn GMT tokens, plus the game added Ethereum support.

STEPN, a move-to-earn Web3 application, reported $122.5 million in profits for the second quarter (Q2) of 2022. The cryptocurrency app, which provides consumers cash compensation for physical exercise, operates on the Solana (CRYPTO: SOL) blockchain.

Stepn stated that it will also use the funds to bolster security, reduce cheating and expand its team.   The post Stepn to buy back and burn GMT using a portion of its $122 million Q2 earnings  appeared first on The Block.

STEPN (GMT) tokens have been one of the top gainers among the top 100 cryptocurrencies over the last 30 days. In order to extend GMT's growth, Its team announced the initiation of quarterly STEPN buyback and burn.

The team will use 5% of the profits to initiate a buyback and burn program of its native GMT tokens.

The value of all cryptocurrencies once again fell below the $900 billion mark after losing more than $44 billion in 24 hours.

The crypto market lost over $31 billion during the trading hours as altcoins leaned into the bearish sentiment, leaving the market cap at $857 billion.

The GMT price prediction is on its way to flipping bullish after a reclaim of a key support level. The price can increase another 25%.

Promising project returns to market with almost 100% growth at one point

One needs to stay committed to maintaining a healthy lifestyle. Or else, all the efforts go in vain.

It's important to recognize Stepn's pioneering role in the emerging move-to-earn field, just as it's important the company keeps adapting.

This article is all about the top 5 cryptocurrencies that displayed good performance in the last seven days. Let's take a look at it in more detail.

If you're looking for exciting coins with unique income opportunities, you'll want to check out the three mentioned below.. Each has something special and unique to offer consumers and traders alike.

The popular move-to-earn app STEPN reportedly has over 3 million users, yet the price of its governance and reward tokens are in free fall. The post Is move-to-earn dead?

Stepn (GST) is competing in the fitness industry using cryptocurrencies and the blockchain. Stepn is a smartphone software built on Solana and produced by app developer FindSatoshi Lab that allows users to earn money by jogging, running, or walking.

Stepn's CMO joined the gm podcast to talk about the app's rapid growth, its tokenomics, and what it all says about the future of NFTs with utility.

The promise of decentralised ownership and attractive incentives are the main factors drawing gamers to crypto-gaming.

Whether you're a seasoned veteran or just getting started in the world of cryptocurrency, you've undoubtedly heard about non-fungible tokens (NFTs). These unique digital assets are shaking up traditional industries and bringing new opportunities to users all over the world.

Stepn is the talk of Crypto Twitter: an app that rewards you in crypto for exercising outdoors. But first you have to buy a pricey sneaker NFT.

Buyers are back in a big way in cryptocurrency markets.

Gaming-related cryptos with higher upside are (finally) getting some love today.

These new cryptos offer strong real-world utility with robust upside potential ahead that will blow up in the future.

GMT price is poised to continue with its long-term bearish trend, with today's trading session dropping by 3 percent.

The cryptocurrency market is a rapidly changing environment that sees the advent of both promising projects with real-life applications and services that capitalise on the wave of instant and short-lived hype. Among such projects that attract immense interest for speculative purposes or based on forced popularity are many NFT applications. Despite having some speculative underpinnings, […]