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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 (whitepaper.stepn.com) and community generated data to explain the process and the most profitable way to do so 🧵👇
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What?
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.
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Why?
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
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What’s more profitable?
It depends on the price of #GST, the current dynamic minting cost and the floor price of the sneakers.
@Vanxhh has created a very useful website (stepn.vanxh.dev) to check the current minting profitability.
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I’ve previously done a thread on dynamic minting ()
It’s important to take into account the chances of getting twin shoeboxes as well as the chances of getting lower/higher quality shoeboxes/sneakers which could decrease or boost your revenue stream.
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Sneaker offspring quality chances have been nicely visualised by @Krit_STEPN ()
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How?
A cyclic minting process
1. Start with bringing two sneakers to lvl 5
2. Mint with both sneakers
3. Open the minted shoebox & lvl the new shoe to lvl 5
4. Wait 48h (minting cooldown)
5. Mint with both sneakers again
6. Open the minted shoebox & lvl the new shoe to lvl 5
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7. Sell your vintage sneakers you’ve minted with twice (it’ll get more expensive for next mints)
8. Restart the loop but this time with your two new sneakers
@GUMYSTEPN recently did a tweet on this topic as well ()
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Should I mint with any sneakers?
No. The sneaker type depends on the vintage sneakers
e.g. Two walkers have an 85% chance of producing a new walker BUT also a 6% chance on a jogger or runner and 3% chance for a trainer
Full details are in the white paper, under "Shoe-Minting"
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The image below is meant as a visual aid.
Keep in mind that trainers are the rarest, most valuable and most wanted sneakers.
Walkers & Joggers are more desired than runners and could yield more profit when selling.
Try to include this knowledge in your minting strategy.
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What else?
Gem slots!
Not only the sneaker type but also the sneaker socket types are determined by the parents.
e.g. If both parents have a luck socket in the top left, there’s an 85% chance for the new shoe to have a luck socket in that position as well (see image below).
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The image below visualises the chances of certain socket types.
Note: A combination of ‘Efficiency’ and ‘Comfort’ sockets on the same sneaker is to be avoided. Players specialise in either #GST earnings (efficiency) or #GMT earnings (comfort) but not both.
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Conclusion:
After reading the thread, take a moment to recap and summarise all information. Try to apply above concepts on your current inventory to improve and increase your #STEPN revenue stream.
If you liked this thread, please Like♥️ and Share🔁 the FIRST post.
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