STEPN news Archives - Cryptolifedigital

GMT, the governance token of the web 3.0 lifestyle app STEPN, spiked 35% in the last 24 hours after the developers updated the app and fixed some bugs. The improvements that came as a result of the update include the sneaker NFTs recycling issues with the network introducing a new burning mechanism which made the synthesizing of five same-quality sneakers into a sneaker of the next higher quality possible. Read Also: Goldman Sachs To Buy Celsius' Asset At A Huge Discount To Market Price https://twitter.com/Stepnofficial/status/1539115730620370944 The spike of GMT came after the downtrend of about 81% from its ATH and the reward token is down by 98% in just a space of two months. What Is the STEPN App? The STEPN app is a fitness app that is built on the Solana blockchai...

As stated by Dune Analytics, the game has over 580,000 users with 39,000 active users in the last 24 hours. STEPN, a famous “move to earn” game co-founded by Jerry Huang and Yawn Rong, Chinese entrepreneurs based in Australia, and launched in December has announced plans to block users from mainland China. This is in response to the crypto-related regulations introduced by the country’s authorities. Last year, 10 government authorities, including the People’s Bank of China (PBOC), warned that cryptos are not legal tender. Read Also: Can Terra’s LUNA 2.0 price pump back to $30? As stated by the notice, any crypto-related transactions in China are considered illegal, and this is also valid when an offshore exchange provides services to a Chinese national. It was fu...

Tag: STEPN news

GMT, The Governance Token Of The Web 3.0 Lifestyle App STEPN Spiked 35% In The Last 24 Hours.

STEPN To Block Users From Mainland China To Comply With Crypto Regulation