What is STEPN?
STEPN is a Webthree application that combines GameFi and SocialFi aspects that lets customers to Move & Earn (move and earn)
Users will have to equip themselves with NFT sneakers. By strolling, jogging or operating outside, customers will earn in-game tokens.
With Game-Fi, STEPN aims to push hundreds of thousands of people today in direction of more healthy lifestyles, battle climate transform and connect audiences with Web three., although addressing its Social-Fi facet to create a lasting basis that drives material. User Generated Web three..
STEPN operates on a two token mechanism:
- GST: App Token, Unlimited Supply
- GMT: governance token, constrained present
Game modes in STEPN
Solo mode
In Solo mode, customers will be capable to earn game tokens by moving. The problem to participate in the Solo mode is to have at least one particular NFT Sneaker.
Energy is also an critical component in the game. Each one Energy is equivalent to five minutes of Move & Earn (moving and obtaining tokens in the game) and the Energy commences to replenish only immediately after the consumer has acquired the NFT Sneaker.
The volume of GST / GMT tokens earned by participating in Solo mode will rely on four principal variables:
- Type of sneaker: the GST obtained on every single sneaker is distinctive.
- Sneaker Efficiency Attribute: The greater the efficiency, the greater the GST acquired per minute. Users can ONLY earn GST from degree to degree 29. At degree thirty, the consumer can select to carry on earning GST or switch to earning GMT. Users can freely switch involving these two monetization modes.
- Sneaker Comfort Attribute: The greater the comfort, the a lot more GMTs you earn per minute. The consumer will have the option involving GST and GMT earnings at degree thirty. The consumer can freely switch involving these two earning modes.
- Movement Speed - To maximize earnings, customers ought to remain inside the optimum pace assortment of their respective Sneakers. Whenever a consumer falls beneath or over this assortment, their earnings will be lowered by up to 90% based on the pace big difference from the optimum assortment.
Mysterious box
Mystery Box is a loot box that is randomly launched as the consumer moves in Solo mode. It can incorporate GST, Gems (Level one-three) or practically nothing. If the consumer reaches the GST day-to-day restrict, the GST will not be acquired by the Mystery Box. Each consumer will be capable to carry four Mystery Boxes.
Mystery Box has five distinctive varieties. After obtaining the Mystery Box, opening the box demands a wait and the countdown begins immediately. At the finish of the countdown, the consumer will be capable to open it. The duration of the Mystery Box countdown will raise in proportion to its good quality.
Marathon mode (underneath advancement)
In Marathon mode, customers will have to register in the Marathon tab at least 24 hrs ahead of starting up. There will be two Weekly Marathon and Monthly Marathon modes.
- Weekly Marathon – These marathons run on a weekly basis and final all week. Users can select to participate in the two.5km, 5km, or seven.5km marathon, but can only participate in one particular marathon at a time.
- Monthly Marathon (Monthly Marathon) – These marathons are held month to month and final a total month. Users can select to participate in the 5km, 10km or 15km marathon, but can only participate in one particular marathon at a time.
Only customers who have effectively registered will obtain notifications in the mission log. Users can use the target setting attribute to track their progress. After finishing the specified distance, the consumer will be notified by way of the mission log that the marathon is total. Users will not be capable to fix their trainers till the finish of the marathon.
Background mode (underneath advancement)
Background mode will count methods straight from the Health Data app on your mobile gadget, with a restrict of three,000 methods per day. These earnings are fixed (not impacted by functionality or other rewards) and will not include to your day-to-day GST restrict.
Main functions of StepN
- Mobile App: STEPN is accessible on the iOS App Store and Google Play Store (constrained in some nations).
- NFT Sneakers: Each Sneaker has distinctive varieties, attributes, attributes and shops of gems. Users can burn up tokens to improve and customize their sneakers.
- Move and Earn: Users outfitted with NFT trainers can move outside and obtain in-game tokens. STEPN also has a multi-layered anti-fraud mechanism to avoid abuse.
- Rental procedure: Users can lease an athletic shoe for cost-free, relocate and earn, then split the earnings with the proprietor of the shoe.
- In-app NFT trading market place: Users can trade their NFTs on the foreign exchange market place.
- In-App Exchange: Users can exchange game-healthful bonus tokens for other cryptocurrencies.
- Decentralized In-App Wallet: Users can deposit and deposit cryptocurrencies in the wallet to fund their investing accounts.
Basic information and facts about the GMT token
- Token identify: Stepn
- Ticker: GMT
- Blockchain: Solana
- Token conventional: SPL-twenty
- To contract: 7i5KKsX2weiTkry7jA4ZwSuXGhs5eJBEjY8vVxR4pfRx
- Token sort: Utility, Governance
- Total provide: six,000,000,000 GMT
- Circulating provide: 600,000,000 GMT
Token allocation
Private sale: sixteen.three%
Binance Launchpad Sale: seven%
Squad: 14.two%
Advisor: two.five%
Ecosystem / Treasury: thirty%
Move and earn: thirty%
Token release system
What is the GMT token for?
- Government: Aiming tokens to participate in governance, the longer the block time, the better the voting energy.
- Reward for staking: GMT staking can vote to come to a decision the distribution of staking prizes.
- Accumulation of Protocol Revenue: GMT is mastered to use in-app characteristics, this kind of as sneaker updates and new sneaker molding.
What is the GST token for?
- Pouring of sneakers
- Repair of sneakers
- Upgrade your tennis shoe
- Gem update
- Unlock the socket
- Restores the properties of the sneaker
GMT Token Storage Wallet
Since GMT is an SPL token, you can retail outlet this token on the following wallets: Coin98 Wallet, Trust Wallet, Phantom Wallet, Solfare Wallet, Sollet Wallet, Solflare, Ledger Nano X.
How to earn and personal GMT tokens
Buy straight on the stock exchange.
Where to get and promote GMT tokens?
GMT is at the moment traded on several distinctive exchanges with a complete day-to-day trading volume of roughly USD 410 million. Exchanges listing this token contain: Binance, BTCEX, Bitrue, Bitget, MEXC Global, XT.com, CoinEx, Gate.io, …
Roadmap
1st quarter 2022
Rental procedure
- The credit score procedure employs the check to train tenants to realize how STEPN will work.
- In-market place matching procedure to match sneaker renters and owners based mostly on the lender’s credit score rating.
- The rental procedure employs intelligent contracts to settle the rental agreement.
Multi-chain wallet
- Users can deposit and send the two Solana and EVM blockchain assets.
2nd quarter 2022
Classification
- The PvP ranking is linked to the Marathon mode, the player ranking, the group of gamers in the ranking.
- Marathon mode
- Weekly or month to month marathon, customers will have to shell out a subscription charge to participate.
- The highest ranked gamers or groups of gamers will obtain PvP rewards.
Administration
- Users can stake GMT in the app to participate in governance.
3rd quarter 2022
Implementation procedure
- Based on the user’s exercise, the app will situation outcome badges to the consumer. Some target badges have in-app added benefits.
- Achievement badges can be traded on the market place.
- Search procedure
- The day-to-day and weekly quest procedure lets customers to earn added rewards by finishing sure duties.
Background mode
Background mode lets customers to earn tokens with no actively taking part in Solo mode
4th quarter 2022
- Connect non-cryptographic customers to the STEPN app.
- STEPN will employ social interaction functions in the application by way of Location Based Services (LBS).
Squad
Investors
What is the potential of the STEPN undertaking, ought to I invest in GMT tokens?
STEPN is a Webthree undertaking produced from the mixture of GameFi and SocialFi. With STEPN, customers can move to earn income from game tokens. Through this post, you will have to have by some means grasped the simple information and facts about the undertaking to make your investment selections. Coinlive is not accountable for any of your investment selections. I want you achievement and earn a great deal from this probable market place.