Green Satoshi vs Green Metaverse Token

GST vs GMT is the first comparison most new STEPN players need to understand, because the game pays and charges you in both. GST (Green Satoshi Token) is the everyday utility token: you earn it by walking or running and you spend it on leveling, repairs, gems and boxes. GMT (Green Metaverse Token) is the governance token with a fixed supply, and it is needed for the bigger moments: milestone levels, minting, the marketplace, and high-level upgrades. The STEPN whitepaper sets out this split clearly ^[source] .

The two tokens are designed to work together. GST does the daily work; GMT holds the scarce value and gives the game a second lever to pull. Understanding which token you need, when, and why helps you plan upgrades and avoid surprises when a level suddenly asks for GMT you do not have.

What does each token do in STEPN?

Start with the jobs. GST is the currency of routine. Every level costs GST. Repairing Durability and restoring HP cost GST. Unlocking sockets, upgrading gems and opening Mystery Boxes cost GST. If you play every day, GST flows in and out of your Spending account constantly.

GMT is the currency of milestones and ownership. According to the whitepaper and the sneaker types page ^[source] , GMT is required:

• at sneaker levels 5, 10, 20, 29 and 30;
• for minting, alongside GST;
• for gem upgrades from level 4 upward;
• for Enhancement, attribute redistribution and permanent buffs;
• to raise your daily GST cap above 300;
• to buy and sell sneakers on the marketplace, which is priced in GMT.

GMT also carries the governance label. In practice, most players meet it as a payment token rather than a voting token, but it is the one FSL treats as the long-term store of value in the ecosystem.

Supply: uncapped GST vs fixed GMT

This is the deepest difference between the two. GST has infinite supply: new tokens are created every time players move, limited only by Energy and daily caps ^[source] . GMT is capped at 6,000,000,000, and all of it was minted at the token generation event on 9 March 2022. No more GMT can be created.

CoinGecko showed about 3.11 billion GMT circulating when we compiled our data ^[source] . The rest sits in allocations described on the whitepaper’s vesting page. For GST on Solana, CoinGecko showed about 1.15 billion circulating. Those two numbers are not comparable in the way people often think. A billion units of a capped token and a billion units of an uncapped one mean very different things, because only one of them can keep growing. Our GST tokenomics page explains the GST side in full.

One GMT, many GSTs

There is another structural difference that confuses people. GST is a separate token in each realm: sGST on Solana, bGST on BNB Chain and pGST on Polygon. The STEPN FAQ says GST is not shared across realms ^[source] , and that is why their prices differ.

GMT is one token deployed on several chains. FSL keeps liquidity balanced by burning GMT on one chain and minting the same amount on another, and it logs those moves publicly. So when you hold GMT on Polygon or Solana, you hold the same asset; when you hold pGST or sGST, you hold different assets. The three-realm GST guide covers contracts and pools for each chain.

How you earn GST and GMT

Every Classic sneaker earns GST from level 0. You spend Energy, move inside your sneaker’s speed range, and GST lands in your Spending account, up to your daily cap. The cap starts at 5 GST and reaches 300 through leveling.

GMT earning is gated. A Classic sneaker unlocks it at level 30, and from then on you choose GST or GMT with a toggle before each session. Rainbow sneakers earn GMT only; they are always Trainers, their HP cannot be restored, and they use at least 6 Energy per session. GMT earning was first switched on in September 2022 ^[source] . Comfort is the attribute that drives GMT earning, while Efficiency drives GST.

There is no daily cap on GMT earning, but there is a schedule that reduces it. GMT earnings were halved on 1 January 2026, after FSL had earlier postponed and then reinstated the halving. For players this means the same Energy now yields less GMT than before, which raises the bar for the level-30 grind.

Which should you earn?

Below level 30 you have no choice: you earn GST. At level 30 the toggle appears, and the answer depends on what you plan to do next. If you are still leveling other sneakers, repairing or opening boxes, GST covers those costs directly and avoids a swap fee. If you want marketplace purchases, minting or high-level gems, GMT is what those actions require. If you plan to cash out, look at which token has deeper liquidity on your chain and which one moves less while you wait. This is not investment advice; it is a description of how each choice plays out inside the game. The GST earning strategies page goes deeper into builds.

Where each token is spent

A quick view of who uses what:

The marketplace is priced in GMT

Since December 2022, sneakers and other NFTs on the STEPN marketplace are priced in GMT. The marketplace takes a 2% platform fee plus a 4% royalty ^[source] . That move had a big effect on how players think about value. A sneaker’s floor price is a GMT number, so if GMT rises or falls, the dollar cost of starting STEPN moves with it, even if nothing changes in the game.

It also means a new player usually needs GMT before they need GST. You buy your first sneaker in GMT, then earn GST by using it. Our marketplace playbook covers floor prices and fees.

Minting and the GST:GMT ratio

Minting is where the two tokens meet most directly. Each parent sneaker costs a GST amount plus a GMT amount, and the totals are summed. Since June 2023, the extra GMT component has been tied to the GST:GMT ratio rather than to the dollar price of GST. In plain terms: when GST gets cheaper relative to GMT, the system adjusts how much GMT you need, so the mint does not become trivially cheap just because GST fell. The cost model has changed several times, so the exact numbers live on our mint cost tracker rather than in this article.

Liquidity and exchanges

The two tokens live in very different markets. GMT is still widely listed. CoinGecko tickers include Binance, OKX, Bybit, Bitget, Gate and MEXC, plus Upbit and Bithumb with Korean won markets, Bittime with Indonesian rupiah, and CoinDCX with Indian rupees. Daily volume for GMT runs into the millions of dollars.

GST is much thinner. Spot listings remain on Coinbase, Kraken and MAX (with a Taiwan dollar pair), and the rest happens on DEXs like Raydium, PancakeSwap and DOOAR. KuCoin, Gate, Bitget and MEXC no longer list it, and Binance never did. Daily GST volume across venues is tiny by comparison. That affects how easily you can move in and out: a GMT order of a few hundred dollars barely moves the market, while the same order in GST can face real slippage. Our guides on buying GST and selling GST handle the practical side.

How the two prices affect each other

GST and GMT are linked by the game, not by a peg. Some connections are direct:

When GST is cheap, leveling and repairs cost less in dollar terms, but earning feels less rewarding, so fewer new players arrive. Fewer new players means less marketplace demand for sneakers, which means less demand for GMT. When GMT is expensive, entry costs rise and GMT-heavy actions such as minting become harder, which can reduce GST burning from mints.

Other connections run through FSL’s design choices. Raising the GST cap costs GMT, so very active earners are effectively buying the right to create more GST with GMT. Tying mint costs to the ratio also links the two economies, so a sharp move in one token changes the cost of minting in the other.

Both tokens set all-time lows close to the time of our research: GST on Solana and GMT were each near the bottom of their historical ranges, a long way below their April 2022 peaks of $8.51 and $4.11. Watch both on our GST price page, which shows the realms side by side.

Common mistakes when juggling GST and GMT

The first mistake is running out of GMT at a milestone. A sneaker can sit at level 4, 9 or 19 for days because its owner has plenty of GST but no GMT for the next level. Check the milestone cost before you start a leveling push, and keep a small GMT buffer in the realm where you play.

The second is mixing up chains. GMT is one token, but it still lives on a specific chain in your wallet, and the in-app swap only trades realm-native tokens. GMT on Solana does not appear in the Polygon realm by itself. Moving it between chains is a separate operation outside the game.

The third is comparing GST balances across realms. A thousand pGST and a thousand sGST are worth very different amounts. When you weigh GST against GMT, use the price of the GST in your own realm, which you can see on our three-realm guide.

Holding vs earning: questions to ask yourself

We do not give investment advice, but a few honest questions help clarify the choice. Do you need the token inside the game soon? Then hold what your next upgrade needs. Are you planning to leave the game? Then look at which token has deeper markets in your country, since GMT is far easier to sell on local exchanges in Korea, India and Indonesia than GST. Are you hoping one will rise? Then remember that GST has no supply cap and GMT halved its earning rate, and that both depend on how many people keep playing. You can check the local picture on our Asia hub.