Back in April, all the degens on Crypto Twitter were boasting about the money they were making just going out for a run and using "move-to-earn" Stepn. The app rewards you in its GST (Green Satoshi) token for walking, jogging, or running outdoors. Some Web3 folks were racking up more than $20 worth of GST per run.
But that was in April, when GST was close to $9.
By May 10, when I started using the app (late to the party), it was down to $3.50. I earned 0.65 GST for my first 2.5-mile run, or $2.27. Still, hey: free money (well, "money") for an activity I was already planning to do. And then GST kept falling amid the broader crypto crash. By my third run on Stepn, on May 1, GST was at 97 cents. Today, it's at 8 cents. (Could this thing go to zero? Absolutely.)
To date, in eight runs on Stepn of 1.6 to 3.6 miles, I've earned 31 GST, currently worth ... $2.17.
And I haven't even mentioned the catch. To use Stepn, you have to start by buying a sneaker NFT, parked on Solana and priced in...
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