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May 7 14 tweets 5 min read
1/14
Summary AMA 07/05/2022
* Transaction improvements
* Plans for May (skins & sneaker burns)
* Genesis sneaker status
* #StepN Beta Phase IV
* Multi-accounting
* New NFTs & planned items
* $GMT burn status👇🧵
2/
* Transaction improvements:
- Catch the drop off transactions and put them back online
- Implemented the dynamic node system (one node fails, another one takes over)
3/
* Month of May will be focussed on the #BSC chain. The plan is to restore balance between the chains this month
- 10,000 sneakers were dropped to Solana genesis holders
- Team believes in a couple of weeks more people will migrate to #BSC (increase in sneakers, $GST, etc)
4/
- Team doesn't plan any further interventions and will let the trend play out
* Team will checkup on the random logout issues
* Crypto FTX Bahamas
* Future perks, airdrops and others are planned for genesis sneaker holders
* BSC #ASICS genesis will receive said perks as well
5/
* Two events planned for the month of May:
* New sneaker skins planned.
- Start with the Panda skin (black & white) for May
- In the next month they'll move on to other animals
- Burn different gems to have a chance of receiving such skin
- First case of in-game NFT burning
6/
* Another burning event is planned. This one is for sneakers
- Two pairs needed. First pair is meant to be upgraded by burning a second pair
- The burned pair will attempt to improve the quality of a first pair of sneakers (based on both sneakers attributes)
7/
* #StepN Beta Phase IV
- New system, new items, new rules
- Increase security level (lots of in-game activity will require 2FA)
- Japanese community needs a history of transaction for taxual purposes
* Most discussed updates will be rolled out next week
8/
* Multi-accounting
- Currently it's allowed for one person to have multiple accounts
- It's not allowed to run with multiple accounts at the same time
- It is allowed to run with one account after another
9/
* Bring new NFTs to the app (will increase complexity)
- Needed for balance
- Minting scroll (common & uncommon) needed to mint a common and uncommon shoe together
- Can only earned during a run (to reward activity and combat people purely buying shoes for minting and resale)
10/
- It'll be an additional drop (end of run) like a Mystery Box (MB)
- This is the eleventh, secret $GMT use cases
- Release is planned around mid-May
* No guarantee that higher lvl MB have higher quality gems
11/
* #StepN sticker contest is still ongoing with massive prices
* #BSC & @solana bridge not planned for now
- $GMT can be transferred between chains
* Team cannot forbid exchanges of listing $GST. Careful with trading the utility token
* Marketplace focus will start in June
12/
* Over 16,000,000 $GMT has been burned so far
* Between 3M and 6M $GMT burned daily
* Buyback & burn strategy for $GMT ended yesterday
* Less than 10% of daily burn
* Maybe $GMT can be earned before all use cases are out (increased burning speed)
13/
* Extra infos:
* Second Discord planned due to high number of users. Announcement for 500,000 users planned
* Scrolls will purely determined by energy consumption. Luck won't be involved
* Two months of phase IV and the next phase (V) will contain even more new features
14/
Thanks to @Barndog_Solana @Stepnofficial @Jerry10240 and @yawn_rong for todays #AMA. Great updates and news.
If you like these summaries help me out with a retweet and make sure to follow me :)
Activation codes for the active readers:
- 66094345
- 16572415
- 35701716

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More from @CryptoEdgar_

May 5
1/15
#StepN is a hybrid application that merges functionality from both web 2.0 and web 3.0.
I’ll try to explain how this works in practise and the advantages and disadvantages of such setup in the thread below 🧵👇.
Note: All the information is based on my observations.
2/
#StepN has two different wallets in which a user can hold funds. They’re called ‘Spending’ and ‘Wallet’.
The ‘Spending’ wallet has an old school web 2.0 setup where all information is, most likely, stored in databases and deployed on multiple servers in the cloud.
3/
The ‘Wallet’ wallet is an implementation of a web 3.0 setup in which the user creates a crypto wallet and owns the access to it by writing down his/her seed phrase upon setup. You could think of it as a lightweight version of @MetaMask .
Read 15 tweets
May 3
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
Read 8 tweets
Apr 30
1/15
Summary AMA 30/04/2022
* $GST & $GMT discussion
* Shoe minting
* Offline/live events
* @solana Node congestion issue
* The status of #BSC
* $GMT utility vs governance
* Luck attribute & Mystery Boxes
* Multi-account for shoe lvl up 👇🧵
2/15
* Rapid appreciation of the $GST price isn't sustainable
* New users are important to continue the growth of the app
* The team decided, in the last few days, to alter the minting cost of new sneakers resulting in a current 200 $GMT minting price to push down the $GST price.
3/15
* ❗️❗️Within a few hours from now, sneaker minting cost will return to a 50:50 $GST / $GMT ratio ❗️❗️.
* The double shoebox event will remain until sneaker supply reaches a healthy level.
* The team is happy with current changes & data modelling
Read 15 tweets
Apr 27
1/15
Another 🔥 #AMA done on @Stepnofficial by the Russian community with @yawn_rong from #STEPN.
Highly informative. Tons of news and info
Topics:
* $GMT
* Luck, MB & Gems
* Cheating & multi-accounting
* #stepnactivationcode
* Spending & Wallet merge
* #BSC
* Triple earning 🧵👇
2/15
* Nothing has changed regarding minting drop rate & earning with the last updates.
* Percentage wise the team expects to have 1 or 2 epic sneakers minted every day.
* @Stepnofficial won't implement regular DeFi 1.0 farming (deposit $GMT token and get passive return).
3/15
* 10 $GMT use cases in total. Two use cases will be released every two weeks.
* One extra, secret use case, will be announced as well.
* Once all 11 use cases are implemented, the burning, countdown, bar of $GMT will be shown.
Read 15 tweets
Apr 26
1/25
Great #AMA done on @Stepnofficial #STEPN by @HuobiGlobal , co-hosted by @CryptoCoinCoach and speaker @shitirastogi from StepN.
Topics:
* StepN in short
* Mission
* NFTs
* #GST #GMT
* Price stability
* Security
* SocialFi
* #BSC
* Luck
* Success stories
* Partnerships 🧵👇
2/25
#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.
3/25
* #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
Apr 25
1/8
@BoredApeYC turned 1 year old on 23/04/2022 🎂
Let's take a look at some descriptive charts, built on top of on-chain data of what happened with #BAYC #NFT over the last year.

A thread 🧵👇
2/8
At first #BAYC #NFT with ID 0 to 29 were minted & reserved by the team.
Afterwards, the first actual public mint was done by @TomatoBAYC at 23/04/2021 21:56:11 UTC resulting in BoredApe#30. The full mint took a little more than one week to complete.
3/8
A wallet owned by @pranksy minted a grand total of 1250 #BoredApe #NFT
The graphic below shows that he slowly sold off all his #BoredApe. The last #NFT was sold/transferred on 08/01/2022 Image
Read 8 tweets

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