Crypto.Edgar Profile picture
May 3, 2022 8 tweets 5 min read Read on X
1/8
In a few hours from now @Stepnofficial will snapshot current #Solana genesis shoe holders and airdrop each of them a #BSC shoebox to boost the chain interest.

Let's deep dive in the current state of #STEPN on #BSC 🧵👇
2/
Disclaimer: The charts and data below are regarding the 2125 sneakers and shoeboxes which are tracked on the #BSC blockchain.

If a shoe was minted in the app and never moved to the blockchain wallet, it's not included in the analysis.

This data is regarding #Web3 data on BSC
3/
Sneaker's class
- 906 sneakers (almost half the shoe supply) are walkers
- The second biggest category are joggers totalling 524 sneakers
- Runners account for 1/7th of all sneakers with a supply of 303 sneakers
- 81 trainers make up for a mere 4.5% and are thus the scarcest
4/
Sneaker's quality
- 1556 sneakers are common which translates into 85.77% of the tracked supply
- The remaining 14.22% (258 sneakers) are all uncommon
- No rare, epic or legendary shoes are found in the #BSC data
5/
Sneaker's level
- A large number of shoes (395) have not been levelled and might be kept as a collectible
- The majority of shoes (826) are lvl 5 and were prepared for minting
- 458 sneaker have continued levelling beyond lvl 5 with the highest one (1) sitting on lvl 24
6/
Number of mints
- A little over 40% (757) of all sneakers were never used in a mint while 231 sneakers were used only once.
- Surprisingly, exactly the same amount of shoes (297) were used twice and thrice in a mint (double shoebox event?)
- A small amount continued minting
7/
Shoebox type
- 311 shoeboxes are still available and haven't been unwrapped
- 235 of those are commons and 76 are uncommon
8/
Conclusion:
The data was compiled to set a reference point (before and after the genesis airdrop).
I'll make sure to provide further updates once the event has concluded.

Please like & retweet if you liked it

An activation code to those who made it till the end
- 34668013

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More from @CryptoEdgar_

Mar 17, 2023
1/ The #Arbitrum Airdrop

People requested a more structured/categorised way of looking at the airdrop.

I've now added this to the @flipsidecrypto dashboard (link below).

Let's look at some other interesting $ARB @arbitrum airdrop data elements as well 👇 Link: https://flipsidecrypt...
2/ You can also take a look at the donut chart.

* Over 71% of all wallets will receive less than 2,000 $ARB tokens
* Only 0.71% of all wallets will receive over 10,000 $ARB tokens Image
3/ Let's take a look at the actual airdrop size per category:

The biggest eligible category is the [1,000 - 2,000) one with a whopping 353.7M $ARB to be distributed among 246k wallets.

Also, note: More tokens (in total) will go to [2,000 - 3,000) category than [0 - 1000). Image
Read 6 tweets
Mar 1, 2023
1/ Are #GMT tokens on #BSC really burned?

Even though on chain transactions on #BSC show the daily #GMT burns, the total #GMT supply, after burns, might in fact not decrease.

Please allow me to explain 👇
2/ Binance Bridge

@binance has their own bridge to bring tokens from other chains to #BSC

They do so by holding collateral in a 1:1 ratio in certain wallets (102% ratio atm)

Today 1.3M #GMT was minted on #BSC and an equivalent 1.3M #GMT were sent & held in a wallet on #Solana.
3/ Why?

This is done to ensure that tokens can move both ways.

Theoretically: When #StepN decides to bring liquidity back from #BSC to #Solana, they could burn the tokens on #BSC and release an equivalent amount of #GMT from their wallet back into #Solana.
Read 9 tweets
Nov 11, 2022
1/ Yesterday I've posted my thread regarding the #StepN treasury analysis.

Since then I've received many comments, DMs and information from various sources.

It's a lot to take in, buckle up.

[Thread 🧵]
2/ I'd like to start with the answer from @tyson_schubert (#StepN head of community).

"Those are influencers",

"And advertisers are not free. So we... yep, you guessed it... pay them"

So in short. Individuals or companies paid by #StepN to advertise the product?
3/ Next, I've got some DMs stressing that the vesting schedule (by investors) is still followed and very active meaning that none of the vested tokens have been paid out.

But let's recap.

What does that mean, vested tokens?
Read 20 tweets
Nov 10, 2022
1/ #StepN treasury analysis

3.6M #GMT being sent out monthly to 50 unique wallets.

So who are they if they aren't VCs and why has the majority of them most likely sold as soon as they've received funds?

I've been able to identify some of them. Let's take a look 👇

[Thread 🧵]
2/ I've been able to identify 3 wallets from which I'm quite certain of the holder.

1. solscan.io/account/F8syoR…

This wallet has received 186,669 #GMT over 7 months. It has a registered domain "tehmoonwalker.sol". There's a Twitter account with an equivalent name @tehMoonwalkeR
3/ The account is followed by @Stepnofficial and has been posting very actively until early June. Then it got more silent.

Given his huge following base, I'm guessing this could be an influencer paid by #StepN to promote the project.

Still well paid for the few tweets recently.
Read 13 tweets
Nov 9, 2022
1/ #StepN Townhall AMA 09/11/2022 hosted by @tyson_schubert & @bnBeth_solvax

Topics:
* Background of hosts
* Apple marketplace
* Roadmap
* Badges & Achievements
* Updates
* When rainbow+?
* Remove rainbows?
* Token burns from spending wallet?
* Marketplace filters?
* Dark mode?
2/ Background of hosts

* @bnBeth_solvax joined @Stepnofficial in January. She became an ambassador in May, recently promoted to lead ambassador

* @tyson_schubert joined #StepN in December. Has known @yawn_rong > 4 years. Started hosting fitness show. Now head of community
3/ Apple marketplace

* Apple changed their fair rules
* In-app marketplace will be removed
* Android devices won't have any changes
* #StepN marketplace can still be reached through m.stepn.com
* Update will be tomorrow morning
* Not an immediate forced update
Read 11 tweets
Oct 29, 2022
1/12 #StepN Rainbow sneakers

@Stepnofficial won't share exact numbers but wants us (the community) to gather data and make estimations.

This is my attempt at making an estimation based on on-chain data.

How many do I think are out there and how did I come to this number?👇 Dune dashboard regarding rainbow sneaker holders
2/12 Rainbow sneakers were introduced on 12/10/2022.

We've seen individuals post amazing earnings on socials. But that doesn't paint a good picture of what's really out there.

But because earnings are so high, I believe that most rainbow holders will (partially) cash out daily.
3/12 The reasoning I've applied is the following:

* Grab all wallets that withdrew 1,000 or more #GMT on a daily basis from their spending account.
* Sort that list based on the amount of days they've been doing so.
* Show the total #GMT withdrawn.
Read 12 tweets

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