What are the cryptocurrencies GST and GMT? Explaining their relationship with the trending GGT and future outlook

In recent years, a new movement called "M2E (Move to Earn)," derived from the concept of "P2E (Play to Earn)," has been gaining attention in the cryptocurrency industry. M2E is a system that converts users' actual exercise and behavior into rewards, and by combining cryptocurrencies and fitness, it is a new genre that combines a healthy lifestyle with economic incentives.

A representative project in this area is "STEPN." Based on the high-speed blockchain Solana, it offers a system that allows users to earn rewards by holding sneaker NFTs and walking or running. Two tokens play a central role in this system: GST (Green Satoshi Token) and GMT (Green Metaverse Token).

GST and GMT are tokens that play different roles within STEPN. Understanding the difference between the two is essential to correctly understand the project's economics and make appropriate investment decisions.

GST: The core of in-game rewards

GST is an in-game reward token that can be earned by playing STEPN. In STEPN, users primarily earn GST by walking or running using sneaker NFTs. Earned GST can be used for actions such as leveling up, repairing, and minting (creating new sneakers). As a result, the more active the in-game activity, the naturally higher the demand for GST.

However, the amount of GST issued is currently on an inflationary trend as the number of users increases. This is because the amount of tokens issued as rewards increases with the number of new users.

In STEPN, GST and GMT are used when leveling up or minting sneakers. Used GST and GMT are burned, which adjusts the supply and demand balance.

GMT: A Symbol of Governance and Rarity

GMT is STEPN's governance token and has more limited and long-term value. GMT can be acquired by meeting certain conditions (sneaker level, energy amount, etc.), and unlike GST, there is a set issuance limit. This scarcity is what attracts investor interest.

Furthermore, GMT will also function as a voting right for STEPN's future management policy, playing an important role in influencing the direction of the project. As such, it is attracting a lot of attention as an investment target intended for long-term holding.

GST and GMT experienced explosive price increases during the STEPN boom in 2022. GMT, in particular, was listed on several major cryptocurrency exchanges immediately after its listing and attracted attention for its more than tenfold price increase in a short period of time. Meanwhile, GST's price fluctuates based on in-game demand, making it highly susceptible to fluctuations in the number of active users.

However, since 2023, the prices of both tokens have been on a downward trend due to a decline in STEPN users and a slowdown in the overall M2E market. GST, in particular, is susceptible to oversupply, making it an increasingly risky investment target.

GGT also attracted attention with the announcement of the release of STEPN GO, but as the official release remains unclear, its price has stagnated as of August 2025.

However, both tokens can experience short-term price increases triggered by specific updates or partnership announcements, so quick information gathering and decision-making are required.

GGT (Go Game Token) is a new cryptocurrency that can be acquired and used in STEPN GO, the successor to STEPN. As of August 2025, STEPN GO is currently undergoing beta testing, with its official release expected to be sometime between 2025 and 2026.

GGT is currently traded on DEXs such as Uniswap. It is expected that its trading on various cryptocurrency exchanges will accelerate in line with the official release of STEPN GO.

Furthermore, like GST, which can be earned in STEPN, GGT is positioned as an in-game reward token. Therefore, if the popularity of STEPN GO and demand for GGT increases, it is possible that this could lead to an increase in the value of the governance token, GMT.

While the M2E market is expected to continue to see steady demand, the keys to sustainable growth will be the acquisition of new users and the innovativeness of projects. Because GST and GGT are closely tied to the number of game users and economic activity, they are heavily influenced by STEPN and STEPN GO updates and sneaker NFT prices. GGT, in particular, is currently a high-risk token to consider as an investment target, as STEPN GO has not yet been officially released.

While GMT has room to increase its market valuation through new value creation, such as participation in management and staking, its performance is likely to be heavily influenced by the popularity of STEPN and STEPN GO.

When considering purchasing GST or GMT, it is important to correctly understand their uses and how their price fluctuates. Because GST is primarily intended for in-game consumption, it is suited to short-term trading, and a high user activity rate is essential for token value to increase. Conversely, because GMT is involved in the long-term management of a project, it is suitable for long-term holding and staking to generate profits.

Another option is to build a portfolio by combining it with GGT. Emerging tokens like GGT are expected to see short-term price increases, but their prices fluctuate drastically, requiring a certain level of risk management. A strategy that ensures stability with GST and GMT while aiming for high returns with GGT is also reasonable from the perspective of diversification.

Trends change very quickly in the cryptocurrency market, with new concepts and projects quickly gaining attention. GST, GMT, and GGT, all discussed in this article, are core components of the new M2E field, and their future developments are attracting attention.

Each token has different roles and potential, and could potentially generate significant profits in the future. On the other hand, investing without a clear purpose or strategy carries the risk of incurring significant losses. It is essential to make appropriate decisions and ensure decentralized management while closely monitoring market trends, project progress, and changes in tokenomics.

Images: Shutterstock, official website

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