Unlocking Income with the Innovative STEPN Crypto App
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Chapter 1: Introduction to STEPN
The STEPN app is a groundbreaking mobile platform that redefines the gaming experience. Instead of the traditional play-to-win model, it adopts a "Move to Earn" philosophy. Essentially, the more you engage in physical activities, the more cryptocurrencies you can accumulate, providing a compelling reason to stay active. You don't need to be an elite athlete; simply walking at a speed of 1 to 6 km/h will allow you to earn rewards.
If you enjoy walking, jogging, or running, the STEPN app presents a variety of ways to monetize your exercise routine. Its user-friendly interface includes a map for tracking routes and provides detailed statistics on your activities, such as step count, speed, duration, and distance traveled.
Section 1.1: Understanding the Mechanics of STEPN
The innovative STEPN app was developed by the Australian company Find Satoshi Lab, co-founded by Jerry Huang and Yawn Rong. With Scott Dunlap, the former vice president of Adidas and CEO of Runtastic, serving as an advisor, the project has garnered significant attention.
Utilizing the Solana blockchain, the STEPN app operates as an NFT game. To participate, users must acquire SOL tokens (the cryptocurrency of Solana) to set up their accounts and cover transaction fees, which are notably lower than those on Ethereum.
To get started, download the STEPN app from the Apple Store or Google Play. Register using your email, then create a wallet by selecting the appropriate icon. You will receive a private key, which is crucial to keep secure. After funding your wallet with SOL tokens, you are ready to begin.
Subsection 1.1.1: Starting Your STEPN Journey
Once your account is established, the next step is to purchase a pair of running shoes from the app's marketplace. Just as in real life, suitable footwear is essential for running, and this game is no different. If you're not among those who received an NFT shoebox through an airdrop, buying shoes is necessary.
In the future, the option to rent shoes and share rewards will be available, but for now, acquiring your own pair is essential. The STEPN sneakers come with unique attributes, including:
- Efficiency: Higher efficiency yields greater cryptocurrency rewards.
- Luck: Increases chances of receiving a Mystery Box.
- Comfort: Will impact gameplay in upcoming updates.
- Resilience: Determines how often shoes need repairs; wear and tear is a reality in both the game and actual sports.
Each sneaker provides Energy, which varies based on rarity and the number of pairs owned. Energy allows you to earn cryptocurrencies through the Move-to-Earn system and regenerates at a rate of 25% every six hours. The app is equipped with GPS to prevent cheating, ensuring fair play.
Section 1.2: The Appeal of STEPN for Sneaker Enthusiasts
STEPN is designed to be user-friendly and enjoyable. Not only does it encourage spending, but it also caters to sneaker aficionados. Users can collect NFTs featuring various sneaker designs within the app. There are five rarity levels for STEPN sneakers:
- Common
- Uncommon
- Rare
- Epic
- Legendary
Players can mint NFTs and enhance their STEPN sneakers using Gems to occupy the available Sockets. Customization options will also be introduced in future updates.
Chapter 2: Cryptocurrencies within STEPN
The STEPN app operates with two primary cryptocurrencies:
- GST Token: This is the in-game currency earned through activities.
- GMT Token: This governance token can be staked for additional benefits.
Earning the GST token involves engaging in activities within the game, while a portion of GMT tokens is also awarded. As of now, the GST token trades at €3, while the GMT token is priced at €2. The STEPN team is also committed to promoting physical fitness and environmental sustainability by implementing a carbon offset system governed by community decisions.
Explore how to make money walking with STEPN in this beginner's guide.
Find out if STEPN is still a worthwhile investment five months later.