Convert and Swap STEPN GMT to Russian Ruble RUB
GMT/RUB: 1 STEPN equals RUB 13.79 RUB
Last update: 9:09 AM, December 23, 2024
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STEPN is falling this week.
The current price of STEPN is RUB 13.79 per GMT. With a circulating supply of 2,621,687,739.837 GMT, it means that STEPN has a total market cap of RUB 35,820,263,166.71. The amount of STEPN traded has fallen by RUB 252,085,416.32 in the last 24 hours, which is a 3.59% decrease. Additionally, in the last day, RUB 7,017,044,177.58 worth of GMT has been traded.
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About STEPN
GMT is a Solana token that governs STEPN, a lifestyle app that encourages users to “move-to-earn.” STEPN users with NFT sneakers can earn GMT by walking or running outdoors. GMT can be used to pay for digital items and upgrades as well as staking and voting on future changes to the platform.
STEPN, also known as GoMining Token (GMT), is a unique cryptocurrency that aims to simplify the process of Bitcoin mining. It allows users to own Bitcoin hashrate digitally as a Non-Fungible Token (NFT) asset on the Ethereum/BNB chains and the Bitcoin blockchain. This eliminates the need for users to own or maintain physical mining infrastructure. The hashrate NFT position continuously generates Bitcoins and can be traded or used as collateral in Decentralized Finance (DeFi) like any other asset. The GoMining protocol developed the Liquid Bitcoin Hashrate (LBH) concept, where the physical mining equipment operates in the data center, and the user owns an NFT that represents the hashrate position.
STEPN works by allowing users to own Bitcoin hashrate digitally as an NFT asset. The LBH tokens generated by the hashrate can be used in DeFi protocols for borrowing/lending purposes. For instance, LBH tokens can be used as collateral for borrowing stablecoins for farming strategies, providing additional income to the LBH token owner. The GoMining token within the GoMining ecosystem serves as a discount token for electricity payments. NFT hashrate owners are required to pay electricity and maintenance costs, which are deducted from BTC mining revenue. By using the GoMining token for power/maintenance payments, users receive a 10% discount and continuously mine more bitcoins.
The potential use cases for STEPN extend beyond just Bitcoin mining. NFT owners can participate in play-to-earn mechanics that enrich the NFT-based mining experience, engage the community, and provide additional income to NFT owners. GoMining actively develops GameFi elements that allow users to generate additional income in NFTs on top of primary BTC mining proceeds. Furthermore, the GoMining token can be used for protocol governance. Users participating in GoMining governance can vote on proposals, influence protocol management, and most importantly, GoMining rewards distribution to the community of NFT owners and GameFi activities.
The history of STEPN is rooted in the development of the GoMining protocol. GoMining is a Liquid Bitcoin Hashrate protocol that was created to simplify Bitcoin mining for millions of users and unlock the huge potential of Bitcoin hashrate to be used as a Real World Asset (RWA) in DeFi. The GoMining protocol developed the Liquid Bitcoin Hashrate (LBH) concept, which allows the physical mining equipment to operate in the data center while the user owns an NFT that represents the hashrate position. The GoMining token was designed to combine a Discount token, a modified version of the burn and mint equilibrium (BME), and a ve Token (voter escrowed) governance model. The GoMining token has since become a known player in the DeFi space.
How STEPN and Russian Ruble differ
STEPN, also known as GoMining Token (GMT), and the Russian Ruble (RUB) are two distinct forms of currency, each with their unique characteristics. STEPN is a digital cryptocurrency that aims to simplify Bitcoin mining by allowing users to own Bitcoin hashrate as a Non-Fungible Token (NFT) asset on various blockchain networks. This approach eliminates the need for physical mining infrastructure, as the hashrate NFT position continuously generates Bitcoins. On the other hand, the Russian Ruble is a traditional fiat currency, regulated by the Central Bank of Russia, and used for everyday transactions in Russia. Unlike STEPN, the value of the Ruble is influenced by economic factors such as inflation, interest rates, and government policy. Furthermore, while STEPN offers potential use cases beyond Bitcoin mining, including participation in play-to-earn mechanics and protocol governance, the Ruble is primarily used for purchasing goods and services. Lastly, while STEPN operates within the decentralized finance (DeFi) space, the Ruble operates within a centralized financial system.
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GMT to Russian Ruble conversion tables
The exchange rate of STEPN is increasing.
The current value of 1 GMT is RUB 13.79 RUB. In other words, to buy 5 STEPN, it would cost you RUB 68.94 RUB. Inversely, RUB 1.00 RUB would allow you to trade for 0.0725 GMT while RUB 50.00 RUB would convert to 3.6263 GMT, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 30.13%. Meanwhile, in the last 24 hours, the rate has changed by 0.53%, and that the the highest exchange rate of 1 GMT to Russian Ruble was RUB 14.40 RUB and the lowest 24 hour value was 1 GMT for RUB 13.21 RUB. This time last month, the value of 1 GMT was RUB 19.68 RUB, which is a 29.72% increase from where it is now. Looking back a year, STEPN has changed by RUB 26.13 RUB. That means that in a single year, the value of STEPN has shrank by 53.27%.
GMT to RUB performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
RUB 13.68 RUB | 0.53% | RUB 13.93 RUB | -30.13% | RUB 19.68 RUB | -29.72% | RUB 26.13 RUB | -53.27% |
GMT to RUB
Amount | Today at 9:09 am |
|---|---|
0.5 GMT | RUB 6.89 |
1 GMT | RUB 13.79 |
5 GMT | RUB 68.94 |
10 GMT | RUB 137.88 |
50 GMT | RUB 689.41 |
100 GMT | RUB 1,378.81 |
500 GMT | RUB 6,894.06 |
1,000 GMT | RUB 13,788.13 |
RUB to GMT
Amount | Today at 9:09 am |
|---|---|
0.5 RUB | 0.0363 GMT |
1 RUB | 0.0725 GMT |
5 RUB | 0.36 GMT |
10 RUB | 0.73 GMT |
50 RUB | 3.63 GMT |
100 RUB | 7.25 GMT |
500 RUB | 36.26 GMT |
1,000 RUB | 72.53 GMT |
Today vs. 24 hours ago
Amount | Today at 9:09 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 GMT | RUB 6.89 | RUB 6.77 | +1.88% |
1 GMT | RUB 13.79 | RUB 13.53 | +1.88% |
5 GMT | RUB 68.94 | RUB 67.67 | +1.88% |
10 GMT | RUB 137.88 | RUB 135.34 | +1.88% |
50 GMT | RUB 689.41 | RUB 676.68 | +1.88% |
100 GMT | RUB 1,378.81 | RUB 1,353.35 | +1.88% |
500 GMT | RUB 6,894.06 | RUB 6,766.77 | +1.88% |
1,000 GMT | RUB 13,788.13 | RUB 13,533.55 | +1.88% |
Today vs. 1 month ago
Amount | Today at 9:09 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 GMT | RUB 6.89 | RUB 9.60 | -28.21% |
1 GMT | RUB 13.79 | RUB 19.21 | -28.21% |
5 GMT | RUB 68.94 | RUB 96.03 | -28.21% |
10 GMT | RUB 137.88 | RUB 192.06 | -28.21% |
50 GMT | RUB 689.41 | RUB 960.28 | -28.21% |
100 GMT | RUB 1,378.81 | RUB 1,920.56 | -28.21% |
500 GMT | RUB 6,894.06 | RUB 9,602.81 | -28.21% |
1,000 GMT | RUB 13,788.13 | RUB 19,205.62 | -28.21% |
Today vs. 1 year ago
Amount | Today at 9:09 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 GMT | RUB 6.89 | RUB 14.41 | -52.17% |
1 GMT | RUB 13.79 | RUB 28.83 | -52.17% |
5 GMT | RUB 68.94 | RUB 144.14 | -52.17% |
10 GMT | RUB 137.88 | RUB 288.29 | -52.17% |
50 GMT | RUB 689.41 | RUB 1,441.44 | -52.17% |
100 GMT | RUB 1,378.81 | RUB 2,882.88 | -52.17% |
500 GMT | RUB 6,894.06 | RUB 14,414.40 | -52.17% |
1,000 GMT | RUB 13,788.13 | RUB 28,828.80 | -52.17% |
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