Discover and read the best of Twitter Threads about #gst

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DEX (Decentralised EXchange)

On June 10th @Stepnofficial announced their own DEX ().

What is a DEX? How does it work? Why is it important to StepN? And how can you potentially participate and profit? 👇🧵

Simply put, a DEX is a decentralised marketplace / exchange where you can trade your tokens in a non-custodial way (you never lose the control of your assets).
Remember: Not your keys, not your coins.
The earlier DEXes (think 2017-2018) were very much like a pinboard at school. Requests such as: "I sell 10 BTC for 10,000 USD, looking for a buyer!". Someone could respond and conduct a p2p transaction.
Nowadays they mostly work through the concept of Liquidity Pools.
Read 16 tweets
Honest opinion on @Stepnofficial, 3month user experience, #bearmarket & future strategy. (thread)

I made my first investment into Stepn around 3 months ago when #sol was still around $100. #GST being $3-$9 made it possible to make an solid strategy & estimate on time for ROI.
Depending on how much you would have invested into #Stepn & what the strategy was: for most people it would have taken somewhere between 18 - 53 days to get their ROI back. From there on you would be running on house $. That sounds appealing to any investor.
Then came the #bearmarket. In short: #GST, $GMT, $SOL & #BNB all went down & so did the floor prices of Sneakers & Gems. As an example: a "Common Trainer 21SOL = $2100" is now priced at 9SOL = $315. For those who been here long enough UC's, Rare & Epics seen some sickening drops.
Read 12 tweets
#अग्निपथ 🔥 पर एक थ्रेड

सरकारें जब कोई पालिसी बनाती है तब उसके होने वाले प्रभाव और दुष्प्रभाव का व्यापक अध्ययन करती है उस पालिसी के सारे स्टेक होल्डर से बात करती है संसद में संवाद करती है उसे जरा भी संशय होता है तो केवल पायलट प्रोजेक्ट लांच करती है #AgnipathScheme 1/n
पर इस सरकार की सबसे बड़ी समस्या ही संवाद हीनता है यह वन वे कम्युनिकेशन पर चलने वाली सरकार है जिसका मुखिया खुद सीधे सवालों से बचता रहता है #नोटबन्दी,#GST, #CAA या किसान कानून ऐसे निर्णय थे जिसकी किसी ने भी मांग नही की थी यह भारत की जनता पर थोपे गए कानून थे #Agniveer 2/n
इसलिए इनका इतना विरोध हुआ था सरकार ने सनक में यह सब पालिसी डिसीजन लिए थे सरकार को हर घटना को सनसनीखेज औऱ सम्भावना से भरा बताने की इतनी सनक है कि वो पूरे देश को अपने राजनीतिक प्रयोगों की प्रयोगशाला बना देती है नोटबन्दी असफल रही, GST में आज भी संशोधन हो रहे है #घोरकलजुग 3/n
Read 6 tweets
Summary #STEPN @Stepnofficial AMA 15/06/2022:
* AMA on Twitter Spaces
* @yawn_rong and @Jerry10240
* User growth
* @shitirastogi
* Economical issues
* Why #STEPN will survive
* Recent updates
* Extra notes
* Realms
* Sneaker synthesis
* #GST vs #GMT
Townhall (AMA) on Twitter Spaces
* Monthly event from now on
* To reach as many people as possible
* Format might change for the next one (difficult to go over all user questions)
* @yawn_rong working on dev, marketing, front end etc. (Realm expansion, partnerships etc). It was too much.
* @yawn_rong & @Jerry10240 will talk about technical things from time to time
* Professional people dealing with professional things (Yawn talking & sharing too much)
Read 20 tweets
#STEPN #BSC #REALM new user inflow

We don't have access to the #STEPN backend API but let's try to do an estimation by tracking all wallets on #BSC and their #GST txs.

The idea is simple: The first tracked #GST tx in a wallet is considered a new user.

Let's take a look 👇
Three interesting events have been marked in the chart.
- The airdrop to #SOLANA genesis shoe holders: A slight immediate increase in new wallet addresses. Huge delayed impact.
- Launch of SMAC: App downtime impact on new wallets
- #STEPN's action plan: Short term euphoria Genesis holders airdrop: 2022-05-04 SMAC: 2022-06-03 StepN's
It's clear that it took some time for user interest to pickup.
The start of the exponential growth begun on 2022-05-19 and peaked on 2022-05-29 with a total of 8943 new daily created #BSC wallet addresses.
As of today we see around 1,000 daily new #BSC addresses.
Read 5 tweets
#STEPN merakla beklenen yeni uygulama içi ekonomisini düzeltme planını açıkladı!

#MoveToEarn #GST #kriptopara #kripto
Ağlar arası enerji aktarımı kaldırıldı!
Artık Solana ağındaki ayakkabılarınız ile BNB ağında token kazanma kalkıyor!
Mintleme Cooldown 72 saate çıkarıldı.
Dinamik mintleme ücretleri getirildi ve Mintleme Ücretleri arttırıldı!
Beş çift aynı kalite spor ayakkabı sentezlenerek bir üst kalite spor ayakkabı haline getirilebilir.

Yükseltme gemleri aksine, spor ayakkabı sentezi başarısız olmayacak, ancak yine de GST ve GMT bazında ödenmesi gereken belirli bir maliyet olacaktır.
Read 6 tweets
Alright. @Stepnofficial have launched their action plan (…).
My first question, again.
Who's the communicator of this info? Not the official Twitter?
@shitirastogi did share a thread regarding the article:
Let's take a look 👇
"Cross-realm energy bridge"
I think this goes too far. If they want the other realms to succeed and satisfy partners, they'll need users.

My concerns:

One shoe on #SOL and one shoe on #BSC will suffice to have two energy in the new realm. No advantage to hold more.
1. Most users hold their highest amount of sneakers on Solana and will opt for Solana for #GMT earnings (as they're shared). #GST earnings in the newest realm will probably outperform #GST earnings in older realms (such as #BSC). Why would I stay on e.g. #BSC in that case?
Read 17 tweets
People have been messaging and tagging me in the last few days. I first needed some time to contemplate the actions of the #STEPN team. I'll share some of my thoughts below. 👇

To clarify. I’m not a team member nor ambassador of the project. I’m just an interested investor.
First of all, I’m sure most of you have read the tweet by @Mable_Jiang by now (). If you didn’t, have a read.

The first question I've got is: "Who’s the CEO, decision maker & leader at #StepN?"

Every company has a hierarchical structure.
It’s not entirely clear to me why the communication regarding the replacement of @yawn_rong as a spokesman of #StepN was shared through the personal Twitter account of another employee of the company.

A central source of information is needed. Currently, it's everywhere.
Read 25 tweets
Must Read #Thread 👇🏻

Few strategic destructions done by #ModiGovt to help two of his Corporate friends

#BSNL was not allowed to bid in for 4G so that Modi ji’s #JIO enjoys a free run

(1/8) Image
#AAI bids for the new airports were rejected with no reason so that Modi’s #Adani takes away all new airports

Note: Adani has no prior #aviation experience

#SBI was pushed to give $ 1 Bullion debt to Modi’s #Adani to purchase #CoalMines in Australia.

Takes money from Indians & makes money by selling it back with huge profits! Wah Modi Wah

Read 9 tweets
Let's take a step back and re-analyse StepN from afar based on what we know.

Should we be worried about #StepN moving into a death spiral or is this just FUD?

I'll lay out what I know and my thoughts. None of this should be taken as financial advice. 🧵👇
#StepN is an investment which has done extremely well during the BTC downtrend. Until recently. We must stay focussed & vigilant.

Investment is a process. A daily uphill battle. Patience is key.

We all want to make money without opening ourselves up to high amounts of risk.
We do so by working hard, finding bargains and claim any edge we can get.
As a result there is no easy money. It requires dedication and effort.
You want to do better than average and outperform others thus you need to think on a different level as well.
Be ahead of the game.
Read 20 tweets
不要关注从头到尾唱空 #stepn 的人,他们唱空的本质是踏空了没有上车


具体说一下二级市场,目前是一个疼痛去泡沫的过程: Image
1/#stepn 鞋子价格:昨天的反弹是在预计中,恐慌后的反弹,流动性却跟市场信心一样在降低
其实目前总体市场规模不大,很容易就能就能救回来,玩法和套路也是@yawn_rong 最擅长的
Read 8 tweets
Summary #STEPN @Stepnofficial AMA 28/05/2022:
* Last week wrap up
* Third realm
* Mainland China ban
* Next app update
* Energy
* Gems
* Multi-accounting
* Customer support
* Badges
* Strava
* Minting scrolls
* #GMT
* Trailblazer & FOMO
* Panda skins
Last week
- A hectic and emotional week with a mid-week emergency AMA.
- Team focusses on pushing the product out and regrets it got a bit carried away by the FUD.
- Remember that this project is supported by people meeting up IRL as the live events have shown.
Third realm
- Planned to roll out during phase V. #StepN will transform to more of a platform. This with a retail & business end.
- Incremental rollout.
- Few more #GMT use cases before rolling out the realms. Q3-Q4 this year?
- Maybe more than one realm rolled out this year.
Read 22 tweets
Summary #STEPN @Stepnofficial emergency AMA 26/05/2022:
* Why this AMA?
* Realms plans
* Why would I stay on #Solana?
* #GMT
* Goal of #STEPN
* Future of #STEPN
* Multi-chain DEX
* Extra (API, minting scrolls, badges, ...)
* 👇🧵
* #StepN realm tweet caused some stir ().
* More details on realms. Check out the AMA with @paulbarron ().
* Phase IV, 3 major updates in the next weeks/months
* Realms will be Phase V
* People worried about #Solana vs #BSC
* Realms are meant to capture a much bigger audience than what #STEPN has got now. Most likely parts of the user bases from the partners will be exchanged/merged with the #STEPN user base.
* Realms will provide opportunities for the late comers to become first adopters.
Read 15 tweets
Currently listening to the interview between @yawn_rong and @paulbarron on #STEPN. A summary will follow shortly.
Some thoughts on how I think @Stepnofficial aims to tackle the #GST price discrepancy between #Solana #BSC and future 'realms' 🧵👇
Each realm will have their isolated #GST variant with its own price, supply and mcap (already the case now #BSC).
#GMT tokens however will be bridged and shared across all realms.
Older realms (e.g. Solana) will see the value of #GST stabilise (or worst case, slowly go down).
Newer realms will see an explosion in #GST price (due to limited supply & high demand) which will balance out eventually. Not through a bridge but through enabling #GMT earnings. It could enable cross-realm arbitrage. How so? 👇
Read 6 tweets
It's important to understand that the #STEPN #GST token on @solana is in fact a completely different token than its #GST equivalent on #BSC. Without a bridge & arbitrage opportunities, they each work in an isolated environment with their own supply, price and market cap.
Imo, everything what's happening on the #BSC side of things is an effect of #FOMO. People see the higher earnings and want to partake. The only way to do so is by buying a sneaker #NFT and #GST on #BSC but note that the setup cost is much higher.
It's a game of supply and demand.
I don't think the current #GST price on #BSC will have too much impact on the Solana side of things. Different market forces are in play on both chains. The panic sellers might rush back to #STEPN once the dust has settled and extra clarity was provided.
Read 4 tweets
[Judgment in UoI vs Mohit Minerals]

Justice DY Chandrachud: The exclusive powers held by state and centre on taxation was an imp legislative part. according to article 246A both parliament and state legislature has equal power to legislate on matters of taxation
Justice DY Chandrachud: there are 2 significant part of GST council voting structure. union has 1/3 td vote share and 2/3 for states. GST council is an area of political contestations as well. it impacts federalism.

#GST #SupremeCourt
Justice DY Chandrachud: 246A treats state and centre as equal. Article 279 says state and centre cannot act independent of each other. This also points towards competitive federalism.

#GST #SupremeCourt
Read 12 tweets
Shoe minting

The thread below is meant to dig deeper into the #STEPN shoe minting activity.
It’s a mixture of information from the white paper ( and community generated data to explain the process and the most profitable way to do so 🧵👇 Image

From the #StepN white paper: “Shoe-Minting Event (SME) is when users use 2 Sneakers, they own, as a blueprint to “breed”, producing a Shoebox in the process.”
Both sneakers need to be at least lvl 5 and unused in any previous mint in the last 48 hours.
Sneakers form the basis of the #STEPN app. It’s a required NFT for anyone wanting to enter the game and looking to earn #GST
There’re several ways someone can earn through #STEPN. Among those options:
#1 Sell off all earned #GST
#2 Use the #GST to lvl up sneakers & mint
Read 13 tweets
#SupremeCourt is hearing a plea seeking #GST and Service Tax exemption for #Hajj Pilgrimage
Bench led by J Khanwilkar: Exemption should be asked for by recipient?

Sr Adv Arvind Datar: Qs is, is Hajj a religious ceremony or not? They have taken stand saying it's commerical activity, no exemption for Badrinath etc
Datar: Point is Hajj is a complex ritual involving non commerical Activities as well

Khanwilkar: Which ritual is simple?
Adv: Kerala marriages are said to be so.
Read 46 tweets


Cognoscenti; a poet with verses
Cognizant; a taxpayer with miseries
Two friends met after five years. One has become a poet & an aficionado of literature. The other has become a businessman. They were happy upon sharing their experiences, they have had in past years. Poet, being excited to share his knowledge, asked his friend to say 'shayaris'.
Businessman: It's not my bailiwick; I couldn't know more except GST in past quinquennium.

Poet: I can understand but try to say something in response; let's go one-on-one.

Businessman: Ok.

Poet: Lemme share few shayaris of #MirzaGhalib.

Businessman: Go ahead!

Banter started.
Read 15 tweets
Great #AMA done on @Stepnofficial #STEPN by @HuobiGlobal , co-hosted by @CryptoCoinCoach and speaker @shitirastogi from StepN.
* StepN in short
* Mission
* NFTs
* Price stability
* Security
* SocialFi
* #BSC
* Luck
* Success stories
* Partnerships 🧵👇
#StepN in short:
* #Move2Earn health and fitness application. Users equip sneakers and then move outdoors to earn token & #NFT rewards.
* Built in wallet & swap marketplace + other features to facilitate easy onboarding of non crypto users.
* #STEPN wants to build a lifestyle app. Not just gamification.
* Mission in 3 steps:
1. Fitness application for people to move outdoor
2. Bridge between #web2 and #web3 (simple mechanic & UI) where people own their own digital assets through NFTs
3. Carbon neutrality
Read 25 tweets
[TREAD] 👨🏻‍🏫

👉🏼 Je vous fais une petite présentation du #GMT et je vous explique pourquoi j’ai beaucoup d’espoir pour l’avenir de ce token.

Allons-y ! 😁
👉🏼 Le #GMT, Green Metaverse Token, est le token de gouvernance du maintenant célèbre Move To Earn #STEPN.
👉🏼 Il est utile dans le jeu (j’y reviendrai)
👉🏼 Il permettra de voter pour décider du montant que donnera StepN afin d’acheter des crédits de compensation carbone. 🪴
👉🏼 Il y aura 6 000 000 000 de #GMT en circulation.
👉🏼 30 % de ces tokens seront obtenus en utilisant l’application.
👉🏼 Tout les 3 ans, la distribution de GMT sera soumise à un #halving. Et oui ! 2 fois moins de tokens émis 👀
Read 12 tweets
*How #SriLanka got ruined*

Lankans voted for #Rajapakshas knowing very well what they did in the past, including corruption, selling out national assets to #China, #dynastic politics and all.

They still voted for them because Rajapakshas promised things they could not refuse.
1. Their #GST, called VAT Tax, on all products was reduced to 8%, thus making everything cheaper in one stroke. (It also killed the govt revenue). People loved things getting cheaper.
2. The minimum #incometax threshold was changed from 5 Lakhs per annum to 30 Lakhs! Very few earned more than 30L!
A very large part of the population became #tax exempt. This was very popular among the salaried class.
Read 22 tweets
#STEPN 是花姐本人今年最关注的项目之一。
原因无需赘述。套用一下@FTX_Benson 的一个方法论:市值天花板够不够高?上涨动力是否持续存在?
如果仅仅将 #stepn 对标 #AXS ,其实项目并没有那么有趣🤔。但我发现 #stepn 真的是社交的一个产品,人们会相约一起跑步🏃‍♀️,一起聚会、下酒馆、喝茶聊天,讨论🏃心得,跑步减肥,各种讨论生鞋子、开鞋盒等等,而这些,你在 #AXS 是看不到的。
从这个角度而言,#STEPN 已然具备了一定的社交属性。一款区块链时代的,兼具游戏+社交+defi属性的产品,此前有过吗?恐怕还没有过,如果这代表的是方向、是趋势、是未来,那么想象空间到底有多大?天花板到底有多高呢?也许是几何式的。
Read 15 tweets
"2021-22 में कर राजस्व केंद्रीय बजट अनुमान से 5 लाख करोड़ अधिक"

2021-22 के केंद्रीय बजट में कर राजस्व 17% की वृद्धि के साथ 19 लाख करोड़ रुपये के संशोधित अनुमान के मुकाबले 22.17 लाख करोड़ रुपये होने का अनुमान लगाया गया था। केंद्रीय बजट 1 फरवरी, 2021 को पेश किया गया था जब (1/5)
भारत में पहली COVID लहर कम हो गई थी, लेकिन दुनिया लगातार लहरों का सामना कर रही थी।

केंद्रीय बजट अनुमानों के मुकाबले ₹22.17 लाख करोड़, पूर्व-वास्तविक आंकड़ों के अनुसार राजस्व संग्रह ₹27.07 लाख करोड़ है, जो बजट अनुमानों से लगभग ₹5 लाख करोड़ अधिक है। यह पिछले वर्षों के (2/5)
राजस्व संग्रह ₹20.27 लाख करोड़ की तुलना में 34% की वृद्धि है, इसमें प्रत्यक्ष करों में 49% की वृद्धि और अप्रत्यक्ष करों में 20% की वृद्धि हुई है।

2021-22 के दौरान सकल कॉर्पोरेट कर पिछले साल के ₹6.5 लाख करोड़ के मुकाबले ₹8.6 लाख करोड़ था, जो दर्शाता है कि कम दरों और (3/5)
Read 7 tweets

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