# Overview of STEPN

By [MEME](https://paragraph.com/@mowjek-2) · 2022-07-24

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An Overview of STEPN: A Move-to-Earn Protocol That Pays You to be Active
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STEPN combines Social-Fi and Game-Fi elements in a Web3 lifestyle application, where you can earn the in-game tokens by walking, jogging or running outdoors.

Leading the Move-to-Earn Sector
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The [GameFi](https://www.bsc.news/post/what-is-playtoearn-web3-and-blockchain-gamng) sector is poised to lead the next wave of crypto adoption, and in addition to the [play-to-earn](https://www.bsc.news/post/what-is-playtoearn-web3-and-blockchain-gamng) model, there is also the move-to-earn (M2E) model. STEPN, one of the top M2E games, has gained a massive [31,000% in profits](https://cryptopotato.com/heres-why-move-to-earn-token-stepn-gmt-spiked-31000-in-30-days/) after its token sale on Binance Launchpad on March 2.

STEPN combines Social-Fi and Game-Fi elements in a Web3 lifestyle application. By walking, jogging, or running outdoors, you can earn [GST](https://coinmarketcap.com/currencies/green-satoshi-token/), the in-game token, which can be used to level up and mint new Sneakers.

A Brief Background

Satoshi Lab, the parent company of STEPN, was founded in 2021 by Jerry Huang and Yawn Rong. Following a recruitment drive in September 2021, the STEPN team was placed fourth at the [Solana Ignition Hackathon](https://stepnofficial.medium.com/stepn-is-among-the-winners-of-solana-ignition-hackathon-game-fi-track-e9a462797352) in December 2021, attracting investor interest.

Afterward, STEPN raised [$5 million](https://stepnofficial.medium.com/stepn-raised-5-0m-f4b44e18f3d7) in seed round funding from 6th Man Ventures, Alameda Research, Corner Ventures and others. The M2E platform made substantial gains of [$26.8 million](https://stepnofficial.medium.com/announcement-stepn-1st-quarterly-gmt-buyback-burn-8db6e1758eeb) in the first quarter of 2022, as the number of unique accounts on the platform increased.

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*Originally published on [MEME](https://paragraph.com/@mowjek-2/overview-of-stepn)*