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STEPN

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News

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What is STEPN?

STEPN is built around an important daily activity for most people - getting around. This is the first project to bring the current “Move & Earn” concept to life, ranking 4th out of 500+ projects at the Solana Ignition Hackathon 2021.

Contents:

STEPN - dapp.expert

About STEP project

With Game-Fi, STEPN aims to push millions of people towards healthier lifestyles, fight climate change and connect the public to Web 3.0, while building on its Social-Fi aspect to create a long-term platform that facilitates Web 3.0 user-generated content creation.

Other features:

1 In solo mode, efficiency plays a role in GST revenue. Having a higher efficiency attribute will result in a higher GST income per spent energy.
2 In marathon mode, higher efficiency leads to faster accumulation of points in the leaderboard.
3 Luck determines the frequency and quality of the Mystery Box drops. Users can also receive Mystery Box items while their sneakers are being rented out.

There are five qualities of running shoes. When minting sneakers, the value of each attribute will be randomly selected within a minimum and maximum value, depending on the quality of the sneakers. Thus, even running shoes of the same quality can have vastly different distributions of attributes.

Users can level up their running shoes by burning GST. Each level up takes a fixed amount of time, which increases along with the amount of GST, required according to the shoe level. This process can be accelerated by using even more GST. In addition, GMT will also be required to upgrade the running shoe to 29 and 30.

When leveling up, users receive 4 to 12 additional attribute points, which can be distributed according to their sneaker quality.STEPN

At level 30, users have the option to burn GST/GMT/NFT to customize their sneakers, including but not limited to changing the name, adding a quote, adding extra attribute points, etc.

More about defi app

The user can buy and sell NFT sneakers, shoeboxes and gems on the marketplace inside the app. Users, wishing to rent, can go to the in-app Marketplace. They will need to apply for a lease, and once they are merged with a tenant, they will need to agree to the terms of the tenant's lease before the lease is approved.

Each rental agreement is for 24 hours, after which the sneakers will come back to the owner for repair. The lease agreement can be concluded for up to 7 days, depending on the tenant's credit rating. Failure to comply with the conditions, stipulated in the Lease Agreement, will result in a deduction of 1 star from the tenant's credit rating.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.