What is GST: Understanding the Goods and Services Tax System

Green Satoshi Token's Position and Significance

In 2022, STEPN introduced Green Satoshi Token (GST), aiming to solve the problem of incentivizing physical activity and promoting a healthy lifestyle.

As a pioneering move-to-earn cryptocurrency, GST plays a crucial role in the fitness and GameFi sectors.

As of 2025, GST has become an integral part of the move-to-earn ecosystem, with an active user base and developer community. This article will delve into its technical architecture, market performance, and future potential.

Origin and Development History

Background

Green Satoshi Token (GST) was created by STEPN in 2022, aiming to address the lack of motivation for physical activity and the need for gamification in fitness.

It emerged during the rise of Web3 and GameFi applications, with the goal of rewarding users for their physical activities and promoting a healthier lifestyle.

GST's launch brought new possibilities for fitness enthusiasts and crypto users alike.

Important Milestones

• 2022: Launch of the STEPN app, introducing the move-to-earn concept with NFT sneakers.
• 2022: Implementation of the dual-token system with GST as the utility token and GMT as the governance token.
• 2023: Expansion of the ecosystem with the introduction of rental system and in-app marketplace.
• 2024: Integration with various health and fitness platforms, boosting user adoption.

With support from the STEPN community and development team, GST continues to optimize its technology, security, and real-world applications.

How Does Green Satoshi Token Work?

Decentralized Control

GST operates on a decentralized network of computers (nodes) worldwide, free from control by traditional financial institutions or governments. These nodes collaborate to validate transactions, ensuring system transparency and attack resistance, granting users greater autonomy and enhancing network resilience.

Blockchain Core

GST's blockchain is a public, immutable digital ledger that records every transaction. Transactions are grouped into blocks and linked through cryptographic hashes to form a secure chain. Anyone can view the records, establishing trust without intermediaries. The STEPN app utilizes this blockchain to track user activities and distribute rewards.

Ensuring Fairness

GST employs a Proof of Movement mechanism to validate user activities and prevent fraudulent behavior. Participants earn GST rewards by engaging in physical activities tracked by the STEPN app. Its innovation includes anti-cheating mechanisms and accurate movement tracking.

Secure Transactions

GST uses public-private key encryption to protect transactions:

• Private keys (like secret passwords) are used to sign transactions
• Public keys (like account numbers) are used to verify ownership

This mechanism ensures fund security, while transactions maintain a pseudonymous nature. Additional security features include in-app wallet integration and NFT authentication for sneakers.

GST's Market Performance

Circulation Overview

As of November 24, 2025, GST's circulating supply is 1,147,161,857 tokens, with a total supply of 1,157,161,857.

Price Fluctuations

GST reached its all-time high of $8.51 on April 29, 2022, driven by the initial hype and adoption of the STEPN move-to-earn concept.

Its lowest price was $0.00243262, occurring on November 22, 2025, likely due to market saturation and declining interest in move-to-earn applications.

These fluctuations reflect market sentiment, adoption trends, and external factors affecting the STEPN ecosystem.

Click to view the current GST market price

On-Chain Metrics

• Daily Transaction Volume: $9,695.59 (indicating network activity)
• Active Addresses: 45,490 (reflecting user engagement)

Green Satoshi Token (GST) Ecosystem Applications and Partnerships

Core Use Cases

GST's ecosystem supports multiple applications:

• Move-to-Earn: STEPN, providing rewards for outdoor activities.
• GameFi: STEPN integrates game elements, promoting fitness and token earnings.

Strategic Partnerships

GST has established partnerships with ASICS, BINANCE, enhancing its market influence. These partnerships provide a solid foundation for GST's ecosystem expansion.

Controversies and Challenges

GST faces the following challenges:

• Technical Issues: Potential vulnerabilities in the move-to-earn mechanism
• Regulatory Risks: Uncertain regulatory status in various jurisdictions
• Competitive Pressure: Emergence of other move-to-earn projects

These issues have sparked discussions within the community and market, driving continuous innovation for GST.

GST Community and Social Media Atmosphere

Fan Enthusiasm

GST's community is vibrant, with 45,490 holders as of November 24, 2025. On X, related posts and hashtags (such as #STEPN and #GST) frequently trend. Price movements and new feature releases ignite community enthusiasm.

Social Media Sentiment

Sentiment on X shows polarization:

• Supporters praise GST's innovative move-to-earn model, considering it a "revolution in fitness and crypto".
• Critics focus on price volatility and sustainability of the reward system.

Recent trends show mixed sentiment due to price fluctuations.

Hot Topics

X users actively discuss GST's long-term viability, token economics, and potential for mass adoption, showcasing both its transformative potential and the challenges in mainstream adoption.

More Information Sources for GST

• Official Website: Visit STEPN official website for features, use cases, and latest updates.
• Whitepaper: STEPN Whitepaper details its technical architecture, goals, and vision.
• X Updates: On X, STEPN uses @Stepnofficial, covering technical updates, community events, partnership news, generating significant engagement.

GST Future Roadmap

• Ecosystem Goal: Expand user base and improve token utility
• Long-term Vision: Become the leading move-to-earn platform globally

How to Participate in GST?

1. Purchase Channels: Buy GST on Gate.com
2. Storage Solutions: Use STEPN's in-app wallet for secure storage
3. Participate in Governance: Join community discussions on Discord
4. Build the Ecosystem: Visit STEPN's developer resources to contribute or develop on the platform

Summary

GST, through blockchain technology, redefines digital currency by providing rewards for physical activity and promoting a healthy lifestyle. Its active community, rich resources, and unique market position make it stand out in the cryptocurrency space. Despite facing challenges in sustainability and market volatility, GST's innovative spirit and clear roadmap position it as a significant player in the future of move-to-earn and GameFi technologies. Whether you're a newcomer or an experienced player, GST is worth watching and participating in.

FAQ

How much is GST in Canada?

As of 2025, the GST (Goods and Services Tax) rate in Canada remains at 5% nationwide. This federal tax applies to most goods and services sold in the country.

What is the meaning of GST?

GST stands for Green Satoshi Token, a cryptocurrency used in the STEPN move-to-earn ecosystem. It's earned by users for physical activity and can be used for in-game purchases and upgrades.

How much GST do you pay on $1000?

GST rates vary by country. In Australia, for example, the GST rate is 10%, so you'd pay $100 GST on a $1000 purchase. Check local tax laws for accurate rates.

What is NZ GST?

NZ GST stands for New Zealand Goods and Services Tax. It's a 15% value-added tax applied to most goods and services in New Zealand, including digital products and online services.