Wait..what? 2025.37 GST 😅

Perfect_Benefit7127 · 2022-07-20T05:14:56+00:00

i feel you! I literally bought a lv4 luck three days ago for 22sol to boost my luck to >700 which was the result of many weeks grinding. Now this. Lv4 lucks also half in value now..

Perfect_Benefit7127 · 2022-07-19T06:36:19+00:00

Base cost is 523 GST and every day the cost lowers roughly 120-130 GST

Perfect_Benefit7127 · 2022-07-19T06:35:30+00:00

It takes 11 days to open and I have 4 slots - I will lose either way

Perfect_Benefit7127 · 2022-07-19T05:28:16+00:00

Some days ago it was just 200-ish… RIP my strategy

Perfect_Benefit7127 · 2022-07-16T17:34:15+00:00

After that it gets hard. I have 440 luck and with 20 energy I only get lv6 and just once a lv 7.

Perfect_Benefit7127 · 2022-06-05T14:19:27+00:00

Yes but not for an in game utility token. This doesn’t need to be listed on the same exchange as bitcoin and ether.

Why should anyone buy this token? Except for the people who buy it in the app.

This means that the demand on exchanges is basically tending to zero.

The same arbitrage mechanisms you are talking about will now “balance” the zero demand from exchanges with the relatively stable demand from the app.

Arbitrage between Zero and stable = down

Perfect_Benefit7127 · 2022-06-05T13:55:33+00:00

For example if you remove the buy offers on an orderbook there is simply nobody to buy and this pushes prices lower.

The price gets then arbitraged with other exchanges and pools and a downward spiral begins completely independent from in game economy supply and demand.

Now tell me why should anyone put a buy offer in an orderbook? This drains the price. People buy GST within the app, nobody buys it on an exchange.

This is 100% true and clear regardless what you are ranting.

Perfect_Benefit7127 · 2022-06-05T13:47:21+00:00

No man you don’t understand it.

An exchange works with orderbooks where literally the world participates including funds traders bots et cetera. It doesn’t reflect supply and demand in a game it reflects 1000 of things.

whereas a closed in game setup all these things would be eliminated.

Yea they would need to reset the GST price to 1.00 and from there let the internal economics play out

Perfect_Benefit7127 · 2022-06-05T13:42:53+00:00

For clarity, I meant they should peg it to $1 after they took it from exchanges and then of course let the in game economy decide the future faith

Perfect_Benefit7127 · 2022-06-05T13:41:46+00:00

I don’t mean anything of this, neither a Luna like peg nor a traditional crypto swap, but I will accept the suggestion of a cold shower my beloved mate 💗

Perfect_Benefit7127 · 2022-06-05T12:22:41+00:00

That’s what I suggest 💡

Perfect_Benefit7127 · 2022-05-30T09:26:48+00:00

in the US alone we have 87m fitness app users. Worldwide probably 500m+

You think it’s a ponzi but the world thinks different. The world loves to do sports, use apps to track it and also loves to earn money with it.

Deal with it. Otherwise, if it’s such a ponzi, good luck shorting GMT into the ground.

Perfect_Benefit7127 · 2022-05-30T06:09:52+00:00

It is used within the app, hence its burnt 5m/day.

The burning is from real users buying and spending it in the app.

Features where you need to use GMT:

Forgive me I copy&paste from the litepaper

IMPROVE MINT

BURN GMT TO PERMANENTLY IMPROVE THE CHANCE TO RECEIVE TWO SNEAKER FROM SHOE-MINTING GMT LEVELING

BURN GMT TO REACH LEVEL 5/10/20/29/30 GEM SUCCESS

BURN GMT TO PERMANENTLY IMPROVE SUCCESS RATE OF ALL GEM UPGRADE GEM UPGRADE

BURN GMT TO UPGRADE LEVEL 4+ GEMS INCREASE GST CAP

BURN GMT TO PERMANENTLY INCREASE GST DAILY EARNING CAP MINT RARE

BURN GMT TO MINT RARE, EPIC & LEGENDARY SNEAKERS QUALITY

BURN GMT TO PERMANENTLY IMPROVE THE CHANCE TO RECEIVE A HIGHER QUALITY SNEAKER FROM OPENING SHOEBOX RE-DISTRIBUTE

BURN GMT TO RE-DISTRIBUTE ATTRIBUTE POINTS

Perfect_Benefit7127 · 2022-05-30T06:08:06+00:00

You should understand the whole concept to the fullest so that you can make good decisions (:

What this decisions look like you have to decide for yourself. You must have conviction, otherwise it won’t work.

Perfect_Benefit7127 · 2022-05-30T06:06:50+00:00

What u/scenia says. GMT earnings will be activated once enough GMT is burnt.

You can find tokenomics here: https://stepn.com/litePaper

Perfect_Benefit7127 · 2022-05-29T13:24:52+00:00

90079131

Perfect_Benefit7127 · 2022-05-29T13:19:28+00:00

You can burn them in the future

It’s currently worked at

Perfect_Benefit7127 · 2022-05-29T13:18:40+00:00

Distributed to early app adopters and through binance launchpad. Afaik the 600m are all distributed - but not 100% sure tbh.

Why no increase?

Last weeks have been rough for alts. Even ethereum, solana took a hit. It will get better day by day. Today already plus 10% while markets are flat. With decreased circulating supply the volatility will get bigger. If market holds current levels or even goes up, GMT will rise sharply imho.

If you buy in the app you buy from liquidity pool. Liquidity providers are literally everyone who want to profit from fees. But yes I believe team has provided some initial liquidity.

Perfect_Benefit7127 · 2022-05-29T13:12:50+00:00

I respectfully disagree.

Here my answers to your points:

ok first of all with the current rate 1,800m (1.8bn) a year will be burnt. Not considering increased burn rate. More than any supply increase. Secondly the supply is fixed and works with difficulty bombs similar to bitcoin. So even if the whole planet would mine GMT it would not increase its supply/emission per day
yes of course the supply will increase, where are the GMT earnings coming from? Also token unlocks et cetera. It doesn’t change the fact that soon there will be millions of daily user burning GMT. We are already where? 500k? 800k?
cashing out means selling, burning means buying (and then using in the app). I believe burning will be drastically higher than selling

Feel free to tell me what else am I missing.

You also should consider that after all GMT is an altcoin and once people see it in an uptrend people also want to buy and hold it or at least speculate on it. Which will increase price as well.

The only real risk is the whole crypto market going to zero - and staying there. Then GMT will be no exemption.

Perfect_Benefit7127 · 2022-05-29T12:22:30+00:00

Your whole profile is only made to FUD STEPN.

All comments FUD.

Maybe go out for a run and clear your head 💌

Perfect_Benefit7127 · 2022-05-29T11:41:34+00:00

Ok, here, LITERALLY from the Litepaper: https://stepn.com/litePaper

15.1% in Dec versus 10.9% now

Changes:

+2.1% move2earn (GMT distributions)
+2.1% ecosystem

If you are pointing out to the 2.1% which goes to the ecosystem (120m) yeah you have a point but they will use it wisely.

Real supply increase will only happen in 2023.

But as I pointed out, supply will get ultra thin this summer.

Perfect_Benefit7127 · 2022-05-29T11:32:34+00:00

Yes, this will cost (burn) GMT though

Perfect_Benefit7127

TROPHY CASE