• GST is issued by Find Satoshi Lab (FSL).
• FSL was founded in August 2021 by Yawn Rong and Jerry Huang, and is headquartered in Australia.
• GST is STEPN's utility token, jointly promoting the ecosystem with GMT.
• It focuses on daily rewards and the in-game economy.

• GST has no fixed total supply, adopting an infinite minting and burning mechanism.
• It is planned to be generated dynamically based on users' exercise volume.
• Initial large-scale distribution aims to attract users.
• The goal is to reward Move-to-Earn" behavior, with the output determined by the attributes of the NFT shoes (e.g., efficiency, luck).
• The burning mechanism (e.g., shoe repair, upgrading) controls inflation.
• The long-term plan is to balance supply through the market and the ecosystem.

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• GST has no total supply cap.
• The initial price was not stipulated and is determined by market supply and demand.
• Users must purchase NFT shoes (minimum approximately 10 SOL, fluctuating according to market price) to participate in Move-to-Earn.
• Daily GST output is based on Energy and shoe attributes.
• There is no direct subscription; it must be obtained by holding shoe NFTs and exercising.
• Consumption conditions include paying GST for shoe repair or upgrading.

• GST did not conduct a public offering.
• It was enabled with the launch of the STEPN application (early 2022) as part of the in-game economy, and is traded in the application's wallet and marketplace.
• Minting and burning are managed by smart contracts, with no concept of solicited funds; it directly serves ecosystem users.

• GST is STEPN's utility token, planned to support:
  • The core Move-to-Earn gameplay, rewarding walking, jogging, and running.
  • The in-app economy (e.g., shoe repair, unboxing).
  • Promoting user participation and NFT trading.
  • Encouraging a healthy lifestyle and carbon neutrality (donating a portion of revenue to purchase carbon removal credits).
• The goal is to become the medium for daily rewards, driving the STEPN Game-Fi and Social-Fi experience.

• GST holders have the right to consume it within the app (e.g., shoe repair, NFT upgrade, opening Mystery Boxes).
• It can be traded for other tokens.
• Holders have no governance rights.
• Obligations include using GST to maintain shoe Durability and Health Points (HP), otherwise, earnings are blocked.
• GST is not equity; it is purely a utility token; rights are restricted by game rules.

• GST is also based on the Solana blockchain (SPL standard).
• Smart contracts manage output and burning, sharing the same technical foundation as GMT.
• Exercise data is tracked by the app, combined with GPS for verification of authenticity.
• Multi-chain support plans cover Binance Smart Chain and Ethereum.
• Future upgrades may utilize Layer 2 to enhance performance.

• Risk factors mentioned include:
  • GST's unlimited supply may lead to inflation; if burning is insufficient, the value may drop.
  • Cheating on exercise may affect fairness (anti-cheating systems have been introduced).
  • Volatility in shoe NFT costs and earnings brings uncertainty.
  • Solana network issues (e.g., congestion) may affect transactions.

• GST 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: GST has no governance function; it is only a utility token.
• All governance rights belong to GMT holders, who implement community decisions through the STEPN DAO.
• GST users only participate in the economic cycle, not control.