Announcement: STEPN 1st Quarterly GMT buyback & burn

STEPN has generated a profit of 198,635.62 SOL ($26,815,807.35) from our NFT Marketplace trading and royalty fees in Q1 2022.

In order to create more value for the STEPN ecosystem — we will be using this profit to buy back and burn GMT on-chain from secondary market.

Please note that this process can take up to a month to complete to avoid causing sudden price volatility. The SOL is currently holding at:

https://explorer.solana.com/address/CGrf7SC5Y4LcdkhnfPeeEt6Ln44YpZ81ViLrRkFB7afa

Regards

Team STEPN

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STEPN is a Web3 lifestyle app with Social and Game elements.