The STEPN team announced that they will be closing the opportunity for users in mainland China to earn through their own accounts. M2E-Additional.

1/關於清查中國大陸帳戶的公告

尊敬的STEP用戶:
為 積極 主動 響應 相關 ，， ， stpn 將 對 進行 清查 ， 若 發現 大陸 ， ， st st 賬戶於 賬戶於 2022 年 7月 15日 （utc+8） 24:00 停止 gps及IP位置服務。

— STEP | Public Beta Phase IV (@Stepnofficial) 26 May 2022

Built on Solana and BNB Chain networks, the game lets you get rewards in GST and GMT tokens for walking or running. To do this, users need to purchase sneakers in NFT form.

From June 15th, STEPN will stop providing GPS services to players in China. Without Global Positioning System data, the app doesn’t count steps where payments are set.

The project team stressed that since its inception, they have not done business in China and do not provide channels to download the game in the country.

“We have always attached great importance to regulatory compliance obligations and strictly adhered to the relevant rules of local regulators,” the message says.

At the time of writing, the price of the GMT project management token has dropped almost 25% in one day. During the week, the decline in offers exceeded 38%. The cost of the coin is about 0.9 – 77.5% lower than the maximum value recorded in April (CoinGecko).

GST prices on the Solana blockchain decreased by 19% on the day, while on the BNB Chain network, the decrease was 26.5%.

The average price of STEPN NFT sneakers in the Magic Eden market has dropped 28.7% in the last 24 hours, but trading volume has increased.

Recall that the Chinese authorities called NFTs and inverted potential financial pyramids.