What is GMT?

Question

What is GMT?

Accepted Answer

## TLDR  
GMT is the governance and utility token powering the FSL ecosystem, which blends fitness, gaming, and Web3 payments.

1. **Move-to-Earn Core** – Rewards users for physical activity in apps like STEPN  
2. **Ecosystem Fuel** – Burns tokens, unlocks premium features, and powers GMT Pay’s crypto-to-fiat spending  
3. **Fixed Supply** – Capped at 6 billion tokens to manage inflation

## Deep Dive  
### 1. Move-to-Earn Mechanics  
GMT is central to STEPN, a Web3 app where users earn crypto by walking, jogging, or running outdoors using NFT sneakers. The “Energy” system ties earnings to movement duration and intensity, creating a circular economy where GMT is burned for sneaker upgrades and minting new NFTs.

### 2. Multi-Chain Payment Gateway  
GMT Pay ([FSL Ecosystem](https://x.com/fslweb3)) lets users convert crypto (including GMT) into spendable digital Mastercards. Recent upgrades added support for Ethereum, BNB Chain, and Polygon, enabling cross-chain payments and perks like 30% fee discounts for Genesis Sneaker NFT holders.

### 3. Deflationary Tokenomics  
With 6 billion GMT max supply, 30% is allocated to Move-to-Earn incentives and 30% to ecosystem development. Burns occur via sneaker repairs, gem upgrades, and GMT Pay card fees, gradually reducing circulating supply.

## Conclusion  
GMT bridges fitness, DeFi, and real-world spending through its dual role as a Move-to-Earn reward and Web3 payment rail. How might expanding partnerships with traditional fitness brands amplify GMT’s real-world utility?

What is GMT (GMT)?

TLDR

Deep Dive

1. Move-to-Earn Mechanics

2. Multi-Chain Payment Gateway

3. Deflationary Tokenomics

Conclusion

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