Hey guys, so I have picked up a new interest which is the move to earn category. Last year was the year of play to earn and I wasn’t lucky enough to invest in some of them before they peaked now is the time to invest on some move to earn projects before these ones peak. Apparently people are beginning to earn from activities, this is nothing new for Hive users. I have been using Actifit for a while but I stopped, but these move to earns outside the Hive blockchain have NFTs integrated and kinda made it a play-to-earn.
So after some few research I have decided to focus some of my attention on StepN and Genopets. Like I promised in my previous post I will be using these apps and come back here with feedbacks and talk about my experiences.
I downloaded the StepN app, which is available on App Store. I was asked to join one their communities and get a code to enable my log in. Which was very hard for me to get at first, while trying to sign up completely I had to join their telegram group chat because the discord channel refused to let me in. Kept on giving me some prompt like “The Invite link is invalid and has expired”. I joined the telegram group chat and read through their chats and saw a link posted that helped get an activation code to activated my StepN account.
Voilà!! I got in, I was excited, I was like “when do I start running to make this money?”. I glanced through the user interface and clicked ”START”. Then a prompt showed, check the image below for the prompt.
My next move was, how do I get an NFT sneaker? So I clicked the cart 🛒 thingy there and saw lots of sneakers. Then I checked the price and woah!!! That’s a lot for a sneaker NFT, but it’s worth it though. Because of its utility, when you run with your phone or walk with it, the sneaker Mines the GMT token for you. But then, I saw a rent feature, which means that you can rent a sneaker, use it and share some of the rewards with the owner. That sounded better, this way I can earn enough to buy myself a sneaker.
Looking at the least of sneakers the cheapest cost like 9.69 SOL ($1,119). That’s a lot for real, I was surfing through the telegram chat and someone commented that few weeks ago one sneaker was worth 1 Sol. Few days ago it was 8 Sol, this means that the value will keep going up.
StepN is quite new, not even upto a year and it’s gaining a lot of attention recently, it’s token $GMT got listed on Binance and its value has gone really up. The price of $GMT has gone from $0.12 to $2.274 in less than 3 weeks. That’s a lot, since I can’t afford to buy the sneaker it’s wise I get the token and make some profits off it till I can buy myself some sneakers and start earning off it.
So with StepN all you have to do is get a sneaker NFT, do some activities with it and you earn these $GMT token. Cool right? Well, I will be trading the $GMT for now till I can afford a sneaker. Let me go and check out another move to earn play to earn called Genopets, I will come back with some reviews and I will show you how it works.
Posted Using LeoFinance Beta
I had hopes for this one, but this "you need to buy a sneaker to start" sounds like a scam to me.
If you own the token, I see no reason why they should gatekeep actually using the token with such a huge price entry level.
Before you start off, you're already >1,000$ in debt and that's not counting that you'd need to buy a reasonable # of tokens to begin with. Hardly "walk to earn" at this point.
I will also add that unless the price is indicative of a pump (i.e. traders, not users) then the coin will have to fail, because who the hell is willing to pay such a high price to start earning mediocre returns?
Thanks for the intro :)
Same bro!
That’s cool, it’s been a good ride
Decided to ape in gmt looks like a wonderful project. Problem is the price of sneaker would love to try it. Guess I'll have to wait for the renting to go live
Same here bro. It has been a great project so far
Follow their twitter acc, they do weekly giveaways for 2 NFT’s after the twitter space.
In the community they said you get profits between 45days and 2 months, but still i think its to risky spend 9 SOL on a NFT, i will wait for luck and win a giveaway
The price of GMT shocked me, even the devs and mods of stepn said that the token doesn't have utility yet, so people have to be careful with it, despite that it pumped more than $2!
Posted Using LeoFinance Beta
Yeah, the Twitter handle tweeted that it will reveal its GMT utility at a specific Twitter followers milestone, I think at 200k followers or something
This is an interesting update, find a way around it.
I'd be knocking on your door.
😂 I’m on it
Does the rent also cost a lot, I thought it would be easier to rent and share the pay.?
Nice review tho
It’s not available yet. Thanks a lot for reading