STEPN_ A “Web3 lifestyle app” with SocioFi & GameFi elements powered on Solana blockchain.

2022-05-27, 11:11

As Web3 continues to gain acceptance, more innovations are coming alive to consolidate this digital world.

One of these inventions is STEPN by Find Satoshi Lab, a “Web3 lifestyle app” co-created by Jerry Huang and Yawn Rong. This app seeks to motivate the public into living better lives through healthy habits like Jogging, walking, and running in open spaces.

It aims to achieve this by attracting them into the world of Web3 and ultimately reducing carbon emissions on the planet.

STEPN uses a move-to-earn feature that employs Socio-Fi and Game-Fi components to reward its users for keeping in shape in the physical world. It is the first of its kind, a virtual NFT game propelled by Solana Blockchain.

Users of the App can earn NFTs, Virtual assets, and Cryptocurrencies by engaging in specific exercises.

Consequently, Web3’s goal of merging the Metaverse with the physical world is gradually becoming a reality through STEPN’s Move-to-earn reward system and others like it.

Finally, the web3 lifestyle app is ranking at number 8 on DappRadar”s BNB Chain social dapps rankings and its token continues to level up since its appearance on the scene.

This is why you cannot afford to ignore it. So keep on reading to learn more about how STEPN works and how to take advantage of it to improve your lifestyle while earning real-life rewards.Keywords: STEPN, Sneakers, Mobile NFT game, Web3, Move-to-earn, NFT Sneakers, Metaverse.

What is STEPN?

On December 20, 2021, a Solana Powered mobile NFT game made an entrance into the web3 space. The Dapp was the first move-to-earn game powered by Solana Blockchain. Essentially, it is a game where players earn tokens for keeping fit by walking, jogging, or running outdoors. Gamers would exercise, wear NFT sneakers, and earn tokens, cryptos, NFTs, and other digital consumables.

Levels In The Game.

There are four different levels of exercise with sneakers to match each speed and intensity beginning at:

a. The Walker: this is for those who prefer to walk. It spans from 1-6 kilometers per hour.

b. The Jogger: gamers at this level typically cover 4-10 kilometers per hour.

c. The Runner: Runners usually go between 8-20 kilometers per hour and finally we have

d. The Trainer: this spans from 1-20 kilometers per hour.

STEPN is a game designed to get people outside. It is not something you can do indoors on a treadmill or even in thickly wooded areas. Using Game-Fi, the Web3 app intends to motivate people all over the world to adopt a healthy lifestyle while simultaneously tackling global heating. In addition to this, the app depends on its Social-Fi aspect to build a long-term platform that encourages its Users to create Web3 content.

Tokens In The Stepn Ecosystem.

There are 2 tokens native to the STEPN Metaverse. They are both rewards players earn for participating in walking, running, or jogging using the NFT sneakers in the game. These tokens can be used to purchase upgrades or gems in the game, they can also be exchanged for USD coins. They are:

1. Green Satoshi Token or GST: It is the utility coin of STEPN and it has an endless supply.Players can earn GST by engaging in the specified exercises. Of course, they can also make some more tokens when they lease out their NFT sneakers or sell them. For liquidity, STEPN minted 60,000,000 GST; they added 20,000,000 GST (SPL) and 20,000,000 GST (BEP20) to Orca, Pancakeswap, and Raydium’s pool. Another 10,000,000 GST (SPL) and 10,000,000 GST (BEP20) were locked in Binance as a cross-chain link from Solana to BNBChain.

2. The Green Metaverse Token (GMT) also known as STEPN in contrast has only 6 billion tokens in supply. They minted it on the 9th of march this year in a Token Generation Event. The Governance coin can also be earned through the move-to-earn feature of the app and Governance participation. 30% of the total GMT minted, only 30 percent will be circulated among users. This is to make sure the program continues long-term. The rest of the tokens will be released every three years, reduced by half each time.

Uses Of The Tokens In-game.

Some uses of GST include minting new sneakers, climbing to new levels in the game, fixing damaged sneakers, boosting gem articles and of course swapping USDC. GSTs earnings are saved on the wallet within the app. They can also be exchanged for real value.

As for GMT, it can be used to update Sneakers tags on the Solana Blockchain. You can also use it to move up to the highest stage in the game.

What Reception is the “Web3 Lifestyle App” Receiving in The Metaverse?

STEPN has received nothing but positive feedback ever since it launched earlier this year. In the Solana Ignition Hackathon hosted by Solana Blockchain this year, the Dapp came 4th among over 500 entries. They praised its easy-to-use interface and game design among other things.

Source: Solana.

At launch time, GMT was $0.01 but by March it had sky-rocketed to its peak of $4.17.

On DappRadar's BNB Chain Social Dapp rankings, STEPN just arrived on the scene at number 8 and number 37 on their ranking of all Solana dapps.

Reports have it that despite the pricey nature of its sneakers, STEPN continues to rake in more users. Last week the app reached 2.3million active monthly users and the numbers continue to grow daily.

Game-Fi Elements.

The Move-to-earn app employs Game-Fi elements such as different modes for gamers to choose from. There are 3 major modes although two of them are still under construction. The first is the Solo mode. In this mode, players who have NFT sneakers receive GST by motion. The next Mode is the Marathon mode, where players enroll in marathons. There are weekly and monthly marathon options and users must enroll 1 day before the marathon commences to be qualified. The last mode is the Background Mode, which supports users recording their steppings when the app is not active.

Other Game-Fi features include Badges and Gems users can win.

Socio-Fi Elements.

STEPN is yet to reveal the social-Fi aspects of their games as it is still being developed. Once it is ready they will unveil it to the public.

Source: NFT Evening.

How to Become a Stepper On STEPN.

The first step to joining the Move-to-earn train would be to download the app.

After that, you can proceed to sign-up with your email address. Once you have done that, you will get a code to verify your account. This grants you access to the app.

The next step would be to create a Wallet. In the process of doing that, the app will create a 12-word code that you must keep safe. It will be used to recover your wallet in case you forget your password.

Now that you are all set up, without sneakers you cannot be paid on the app so you will need to transfer some SOL to your wallet. This will cover the sum of your sneakers and gas fees as well. So ensure you have enough.

You can now go ahead and select your pick of sneakers. The filter tool on the app will assist you in making your perfect choice

Finally, you are ready to start walking, jogging, or running as you choose.

STEPN is Actively Combating Climate Change.

The Solana-powered Health and Fitness Gaming App intend to donate its profits to fight global heating through burn Carbon Credit.

They also encourage users to make voluntary donations to Carbon Credit. Donors’ GST earnings will be exchanged for Fiat money to make the donations.

In Conclusion.

The first Solana Blockchain-Powered Move-to-earn Dapp is accomplishing what Web3 stands for. It integrates online gaming and real-life health and fitness by incentivizing walking, jogging, and running in the outdoors. What's more, it is creating a community of people who are taking action about the planet. More and more people purchase the NFT sneakers to participate in the Web3 game.

Purchase GMT.

You can easily buy GMT on gate.io. Transactions take place there 24/7. Below is a trading chart for GMT on gates.

Author: Gate.io Observer: M. Olatunji
Disclaimer:
* This article represents only the views of the observers and does not constitute any investment suggestions.
*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all other cases, legal action will be taken due to copyright infringement.

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