The “Move to Earn” app STEPN tweeted that in the first quarter of 2022, it will earn 198,635.62 SOL (approximately $26,815,807.35) through in-app NFT market transaction royalties (4%) and handling fees (2%). 3310593.67SOL (about 446 million US dollars).
At the same time, the team announced that it will use this profit to repurchase and destroy GMT from the secondary market. To avoid causing sudden price swings, this process can take up to a month to complete. SOL chain address: CGrf7SC5Y4LcdkhnfPeeEt6Ln44YpZ81ViLrRkFB7afa.
