GMT (GMT) perpetual market

GMT is the governance token of STEPN, a move-to-earn lifestyle application developed by Find Satoshi Lab and launched in 2021. STEPN lets users buy tokenized sneakers as NFTs and earn rewards by walking, jogging or running while the app tracks their movement, popularizing the move-to-earn model that combines fitness with crypto incentives. The system uses a dual-token structure: an in-app spending token earned through activity, and GMT, which serves as the governance and value-accrual token with a capped supply. GMT holders can participate in governance decisions and access certain premium features, and the token is used across the broader ecosystem the team has built around health and lifestyle applications. Primarily associated with the Solana ecosystem while also available on other chains, STEPN became one of the best-known examples of the move-to-earn trend.