• GMT is issued by Find Satoshi Lab (FSL).
• FSL is a Web3 product development studio founded in August 2021, headquartered in Australia.
• It was founded by Yawn Rong (blockchain entrepreneur) and Jerry Huang (game developer).
• STEPN is FSL's flagship product, aimed at accelerating Web3 adoption, and GMT is its governance token.

• GMT is planned to be released in phases after the STEPN ecosystem is launched.
• The total supply is fixed at 6 billion coins, with no minting mechanism.
• Initial distribution includes seed round funding (FSL received $5 million in investment from Sequoia Capital and others in 2021), airdrops, and long-term rewards.
• The goal is to support governance and premium features (such as NFT upgrades, event participation), gradually transitioning to community control.
• The plan aims to reduce circulating supply through a burning mechanism to maintain value stability.

• The total issuance amount is 6 billion GMT.
• The initial price was not stipulated in the whitepaper and is determined by market trading.
• It was distributed early through seed rounds and ecosystem participation, with no public subscription conditions.
• Users can obtain GMT by staking GST or participating in game activities (e.g., Move-to-Earn).

• The whitepaper does not disclose relevant information.
• Supplementary data shows the first fundraising occurred on March 9, 2022, through Binance Launchpool, where users could subscribe using BNB.
• IEO details: 7% of the total supply was sold; 1 GMT = $0.01; a total of $4.2 million was raised.
• It was subsequently listed on exchanges such as Binance and Coinbase.

• GMT is the governance and premium feature token of the STEPN ecosystem.
• The plan supports:
  • STEPN's Move-to-Earn" model, rewarding users for exercise.
  • Expansion to other FSL products (e.g., DOOAR).
  • Promoting Web3 social and gamified experiences.
  • Building a long-term healthy lifestyle and carbon-neutral culture.
• The goal is to connect users with Web3 through GMT and establish a decentralized lifestyle platform.

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• GMT holders have the right to participate in STEPN DAO governance, voting on ecosystem rules (such as fee adjustments, feature upgrades), and unlocking advanced features (such as NFT shoe synthesis, special events).
• There are no explicit obligations, but holders must possess and use GMT to support the ecosystem (e.g., staking or burning).
• GMT is not equity; it is solely a governance and utility token; rights are limited by smart contracts.

• GMT is based on the Solana blockchain (SPL standard), leveraging its high performance and low fee characteristics.
• Smart contracts manage issuance, staking, and burning.
• Content may be distributed via IPFS (not explicitly stated).
• The whitepaper mentioned supporting multiple chains (such as Binance Smart Chain, Ethereum), and integration is now complete.

• Risk factors mentioned include:
  • The ecosystem relies on user participation; a decline in exercise volume may affect GMT demand.
  • Multi-chain integration may bring technical risks.
  • Failure of the burning mechanism to meet expectations may lead to inflation.

• GMT has no independent consensus mechanism; it relies on Solana's hybrid consensus of Proof-of-Stake (PoS) and Proof-of-History (PoH).
• Transactions are processed by Solana validators.
• Governance aspect: GMT holders participate in the STEPN DAO.
• Voting power is allocated based on the holding amount, determining ecosystem development (e.g., treasury usage, new features).
• The goal is full community control, with FSL supervising initially.