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  3. Philippine Peso (PHP) to STEPN (GMT)

Convert
Philippine Peso (PHP) to STEPN (GMT) Instantly

PHP PHP
GMTBSC GMTBSC
Buy STEPN (GMT)

Purchase STEPN (GMT) with Philippine Peso (PHP) 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.

STEPN (GMT)

How to Buy STEPN (GMT)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose PHP to GMTBSC Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your STEPN Wallet Address

    Provide your GMTBSC wallet address and proceed with the payment.

  3. 03

    Receive Your STEPN

    Complete the payment, and your GMTBSC will be sent to your wallet.

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Frequently asked questions

  • What is the PHP/GMT pair and its significance in the Game-Fi space?

    The PHP/GMT pair represents a direct fiat on-ramp allowing users to purchase STEPN's governance token (GMT) using Philippine Pesos (PHP). Its significance lies in providing the Filipino market with direct access to the Move-to-Earn (M2E) and Game-Fi ecosystem. GMT is a crucial digital asset within the STEPN app, used for governance, minting high-level Sneaker NFTs, and participating in the game's economy.

  • What are common methods for purchasing GMT with Philippine Peso (PHP)?

    To buy GMT with PHP, you typically need a cryptocurrency exchange that supports PHP deposits. The process involves completing KYC/AML verification, then funding your account using local payment methods like GCash, PayMaya, or a direct PH bank transfer. Once funded, you can execute a trade on the GMT/PHP order book or use an instant buy feature to acquire the digital asset.

  • On which blockchains does the GMT token operate, and why is this important for traders?

    The GMT token primarily operates on the Solana blockchain as an SPL token and on the BNB Smart Chain as a BEP-20 token. This is crucial for traders because when withdrawing GMT from an exchange to a personal digital wallet, you must select the correct blockchain network. Choosing the wrong network can result in the permanent loss of your digital assets. Network choice also impacts transaction speed and withdrawal fees.

  • What are the primary use cases for GMT within the STEPN ecosystem?

    GMT serves as both the governance and utility token for STEPN. Its primary use cases include: participating in governance votes to influence the project's future, burning GMT to upgrade Sneaker NFTs to higher levels (e.g., Level 5, 10, 20, 29, 30), and minting new Rare, Epic, or Legendary Sneaker NFTs. This dual function makes it a central component of the app's Game-Fi tokenomics.

  • What kind of fees should I expect when executing a PHP to GMT trade?

    When trading PHP for GMT, you may encounter several fees. First, a deposit fee might apply depending on your chosen PHP payment method (e.g., GCash or bank transfer). Second, the cryptocurrency exchange will charge a trading fee, often a small percentage of the transaction value. Finally, when you move your GMT to a secure digital wallet, a network withdrawal fee is charged, which varies based on which blockchain (Solana or BNB Chain) you use and its current network congestion.
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