The GMT token serves as the foundational digital asset within the Find Satoshi Lab (FSL) ecosystem, supporting a range of products from gaming to decentralized finance. With a fixed supply of 6 billion tokens, GMT is utilized for transactions, rewards, and unlocking exclusive features. This article explores the token's utility, the unique aspects of the FSL ecosystem, and key details about GMT’s market performance.
What Is GMT Token?
GMT, or Green Metaverse Token, is the primary utility token for all FSL products. Designed with a maximum supply of 6 billion tokens, it enables users to participate in ecosystem activities, access premium features, and engage in token-burning mechanisms that help maintain its value. GMT plays a central role in the FSL environment, connecting various applications under a unified economic model.
The FSL Ecosystem: Innovation and Utility
Find Satoshi Lab is a Web3 development studio focused on creating practical, user-friendly blockchain products. Its mission is to drive global adoption of Web3 technology through enjoyable and accessible applications.
STEPN: Move and Earn
STEPN combines gaming and social elements with a fitness focus. Users wear NFT sneakers to walk, jog, or run outdoors, earning GMT tokens and mystery boxes. The app encourages physical activity, promotes sustainability, and introduces newcomers to Web3.
MOOAR: Gamified NFT Marketplace
MOOAR is a multi-chain NFT platform that makes trading rewarding and fun. Users earn XP through trading, which can be exchanged for MOOAR Boxes containing shards. These shards unlock rare NFTs or can be traded. A premium membership tier, MOOAR+, offers additional perks.
Gas Hero: Strategy and Adventure
This Web3 game integrates social strategy and NFT-based gameplay. Players use Hero NFTs equipped with weapons and pets to embark on quests, earning in-game assets. GMT is used for transactions and rewards within the game.
DOOAR: Decentralized Exchange
DOOAR is a non-custodial decentralized exchange that supports trading within the FSL ecosystem. It charges a 1% fee on transactions, which is reinvested into the ecosystem to foster growth and development.
Founders and Development Background
FSL was established in August 2021 by Yawn Rong, an Australian blockchain entrepreneur with a background in crypto funds and regulatory advocacy. He co-founded STEPN with Jerry Huang, a seasoned game developer. The project secured $5 million in seed funding from top venture firms, including Sequoia Capital and Solana Capital, along with support from prominent angel investors.
GMT Tokenomics and Distribution
GMT has a total supply of 6 billion tokens, allocated as follows:
- 30% for Move and Earn incentives
- 30% for ecosystem and treasury needs
- 16.3% for private sale participants
- 14.2% allocated to the team
- 7% for launchpad sale
- 2.5% for advisors
Market Performance and Investment Overview
GMT reached an all-time high of $4.11 on April 28, 2022. As of the latest data, the token’s price has decreased significantly from its peak. Its market capitalization stands at approximately $125.47 million, with a circulating supply influencing real-time pricing.
Investors should note that the cryptocurrency market is highly volatile. Thorough research and risk assessment are recommended before making investment decisions. Analyzing historical trends and market conditions can help identify potential entry points.
For those interested in tracking GMT’s price movements and market data, 👉 view real-time analytics and charts.
Frequently Asked Questions
What is the primary use of GMT?
GMT is used across the FSL ecosystem for transactions, unlocking features, and participating in reward mechanisms. It integrates with products like STEPN, MOOAR, and Gas Hero.
How can I purchase GMT tokens?
GMT is available on several major cryptocurrency exchanges. Users can create an account, deposit funds, and trade for GMT using supported trading pairs.
Is GMT a deflationary token?
Yes, GMT incorporates token-burning events in certain applications, which reduces the overall supply over time and can positively impact its value.
What makes FSL unique compared to other Web3 studios?
FSL focuses on creating accessible and enjoyable Web3 products that appeal to a broad audience, emphasizing practicality and user engagement.
Can GMT be used in all FSL products?
Yes, GMT is the universal token for the FSL ecosystem, enabling seamless interaction between different applications and services.
What factors influence GMT’s price?
Market demand, ecosystem growth, token utility, and overall cryptocurrency market trends are key factors affecting GMT’s valuation.