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Israeli New Shekel (ILS) to STEPN (GMT) Instantly
Purchase STEPN (GMT) with Israeli New Shekel (ILS) easily at Switchere and benefit from fast, secure transactions.
About
STEPN (GMT)
STEPN is a pioneering Web3 lifestyle application built on blockchain technology that introduced the Move-to-Earn (M2E) concept to a global audience. By integrating GameFi and SocialFi elements, STEPN incentivizes users to engage in physical activities like walking, jogging, or running. To participate, users acquire NFT Sneakers from its in-app marketplace. This innovative model bridges the gap between real-world fitness and the digital asset economy, rewarding on-chain user activity with tangible value. The project operates on a decentralized network, originally launched on the high-throughput Solana blockchain and later expanding its multi-chain presence to include the BNB Chain, enhancing its accessibility.
The project's sustainability is underpinned by a sophisticated dual-token model. The primary utility token, Green Satoshi Token (GST), is earned by users during their physical activities and is used for basic repairs and upgrades. The second digital asset is the Green Metaverse Token (GMT), which serves as the core governance token of the ecosystem. This intricate tokenomics structure, complete with token burning mechanisms, is designed to create a balanced and self-sustaining economy. The interaction between these two tokens is crucial for navigating the app's features, from minting new NFT Sneakers to participating in special events, all managed through smart contracts.
The GMT token holds significant utility beyond simple rewards. As a governance token, GMT holders can participate in voting on key project development decisions, influencing the platform's future. Furthermore, GMT is required for high-level in-game progression, including upgrading NFT Sneakers to their maximum levels and minting rare or legendary sneakers. Staking GMT can also provide additional benefits. This positions GMT not just as a reward but as a foundational component for deep engagement within the STEPN ecosystem, making it a key player in the evolving Web3 infrastructure that merges health, finance, and community interaction.
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Frequently asked questions
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What is the ILS/GMT trading pair and what does it represent?
The ILS/GMT pair represents the exchange rate between the Israeli Shekel (ILS) and STEPN's governance token (GMT). It allows you to use ILS, a fiat currency, as a direct on-ramp to acquire GMT, the digital asset that powers the Web3 lifestyle and move-to-earn app, STEPN. This pair is key for users in Israel looking to participate in the STEPN ecosystem, such as minting or leveling up Sneaker NFTs. -
What are the typical methods to buy STEPN (GMT) with Israeli Shekel?
To purchase GMT with ILS, you typically need to use a cryptocurrency exchange that supports ILS deposits. Common methods include Israeli bank transfers or credit/debit card payments. If a direct ILS/GMT pair is not available, a common strategy is to buy a major cryptocurrency like Bitcoin (BTC) or a stablecoin like USDT with ILS first, and then trade it for GMT on the exchange's order book. Always verify the platform's KYC/AML compliance. -
What specific roles does the GMT token have in the STEPN move-to-earn game?
GMT is the primary governance and utility token in the STEPN Web3 app. Its utility includes leveling up Sneaker NFTs to high levels (e.g., 5, 10, 20, 29, 30), upgrading high-level Gems, minting new sneakers, and participating in governance votes. It operates on both the Solana and BNB Chain, providing essential functions that are distinct from the in-game reward token, GST (Green Satoshi Token). -
After buying GMT with ILS, what kind of digital wallet is needed for storage?
Since GMT is a multi-chain token, you need a wallet that supports either the Solana (SPL) or BNB Chain (BEP-20) network. The STEPN app has a built-in, non-custodial wallet for convenience. For external storage, popular choices include Phantom or Solflare for the Solana network, and MetaMask or Trust Wallet for the BNB Chain. Using a personal non-custodial wallet gives you full control over your private keys and digital assets. -
What fees are associated with an ILS to GMT blockchain transaction?
A complete ILS to GMT transaction involves several potential fees. First, there may be deposit fees for adding ILS to an exchange via bank transfer or card. Second, the exchange will charge a trading fee (maker or taker fee) for converting ILS to GMT. Finally, if you move your GMT to an external digital wallet, you will pay a network fee. These network fees are typically low, as GMT runs on efficient blockchains like Solana and BNB Chain, which have lower gas fees compared to Ethereum.
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