What is STEPN? What is GMT price prediction and why is everyone talking about the new crypto ICO from Avorak?

Earning passively was a big narrative in 2021; trying to figure out how to generate returns in the crypto community was all the rage, and DeFi ended up being at the forefront of this trend.

A lesser-known sleeping giant also existed in the move-to-earn format, essentially gamified training. STEPN led the race in this sector.

What is STEPN?

STEPN is an app that is connected to the blockchain. It allows you to profit from your movements, whether it’s walking, jogging or running.

The core concept is that the longer you run and the longer you run, the more GST (the STEPN earning token) you will receive. GST is an infinite coin token and is used for many upgrade options in the game, such as leveling up and repairing your sneakers.

Sneakers are NFTs that allow you to take part in the world of STEPN. These NFTs can be purchased in the in-app marketplace and you must “equip” these sneakers to earn GST. The more sneakers you own, the more GST you can earn on a single session.

Without moving too much more into the STEPN system, many people have managed to earn a passive income from the day-to-day operations, and those who are fully engaged in the system earn up to $100 per day. GMT is the second token from the STEPN ecosystem. This is used for governance and to purchase the sneaker NFTs, with future use cases yet to be expanded.

GMT price prediction

GMT has a fixed total offer. This means, unlike the GST, which is infinitely manipulable, the outlook for the GMT price is quite positive. The requirement to purchase GMT to access the system, in addition to purchasing additional sneakers NFT, has added steady buying pressure. After the initial hype that sent GMT above $6.00, the coin has suffered through the bear market of 2022. Recently, it has gained a strong foothold above $0.35, which appears to be a zone of significant interest.

With demand set to pick up again as economic conditions soften and people again look to passively earn from their day-to-day activities, GMT is likely to return to an all-time high in a much more organic way. Analysts set a $6.00 price target on GMT.

Avorak AI

One of the disadvantages of STEPN is that the project still falls into the category of minting new tokens to provide returns. In most cases, this has resulted in disastrous price measures. At least in STEPN’s case the embossing is from GST and not GMT.

A project that completely avoids this problem is Avorak AI.

This new crypto ICO brings a set of machine learning tools that allow users to access a wide range of services, from image generation, AI writing, trading and even automated architectural plan design. This will provide room for a wide range of customers, both retail and business.

The main point of this project is that they will also provide passive income to AVRK holders. The key difference with the Avorak system is that this passive income comes from the fees paid to use the Avorak products. This is groundbreaking, as it means it is one of the first cryptos to have a genuine product revenue stream that then directs some of it back to holders, as well as having a deflationary token model by using a small percentage of revenue to burn AVRK.

Analysts are incredibly bullish on this project, expecting buying pressure from both those looking to earn passive income and also from individuals buying to use the Avorak products, a double whammy.

The launch price is $0.27 and 4 out of 5 analysts have given a price prediction above $2.90 by the end of 2023.

The current ICO price is $0.06, but this will only last until the end of phase 1, and then the price will increase, so those looking to invest will be better suited to invest sooner rather than later.

Want to learn more about Avorak AI?

Website: https://avorak.ai
White paper:

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent Bitcoinists. Bitcoinist does not guarantee the accuracy or timeliness of the information available in such content. Do your research and invest at your own risk.