Thread by @CryptoEdgar_

1/15
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, ...)
* 👇🧵

2/
Why?
* #StepN realm tweet caused some stir (

https://twitter.com/Stepnofficial/status/1528954394762301442

).
* 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

3/
* 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.

4/
* Each realm is pseudo-independent yet connected through the #GMT token (see tweet:

https://twitter.com/CryptoEdgar_/status/1529411421532049408

)
* Remember that the app is only 6 months old
* BNB Chain is somewhat considered a testing round. Team wants to learn and thread carefully keeping in mind future realms

5/
* 10,000 SOL genesis sneakers and around 2,100 genesis sneakers on #BSC will probably receive perks and help out in the new realms
* Rolling out realms will increase the #GMT burning and fasten their earnings
* Value should be captured within genesis sneakers & the #GMT price

6/
Why would I stay on #Solana?
* Team wants to create more reasons for users to keep sneakers on Solana. Among those will be the sneakers required for the energy sharing. This should help #GST price appreciation
* Currently, sneakers on Solana also seem great for #GMT earnings

7/
* Team is preparing a whole new system to enable different sort of earnings on the realms (including #Solana) besides #GST.
* Design is ready and needs to be tested and verified which takes about 4 weeks in total.

8/
* Every economy needs inflation (at least 2%) to ensure people spending money. If the currency value goes up people restrain from spending it. This is the case for #GST as well. It should be slightly inflated. However, the inflation should be kept under control.

9/
#GMT
* Roughly 120M #GMT was burned with in-game use cases and team burns.
* As the #GMT token will become more scarce, the team expects that the Solana chain will increase in interest.
* GMT earnings timeframe is dynamic. It depends on the burn rate of the token.

10/
* When you earn a limited supply token, there will be no death spiral. It's why the #StepN team is building all these multiple projects concurrently.
* Remember that the #GMT token should help stabilise the #GST token price.

11/
Goal?
* Focus: Bring millions of web2 people to web3 and give them the full web3 experience
* Team will build more & better/other platforms
* Could be done by the end of next year
* In the future: #StepN onboards partner chains. Not like it now, partner chains onboard #StepN

12/
Future?
* #StepN is looking to build their own multi-chain DEX to facilitate and easen swaps within the app.
Note: -> This could put Jerry's interactions with @orca_so tweets into perspective
* Whatever partner chain will be onboarded, will be a part of this multi-chain swap

13/
Extra
* API: Team has too many things to deliver now. First the initial promises need to be delivered
* Around 800,000 DAU on Solana chain
* Minting scrolls. After intensive testing, still thinking it should come from MB proportional to the energy spent.

14/
* People can expect changes to the current system because people with 1 sneaker should be also able to receive minting scrolls.
* Event ran by @CoinMarketCap will kickoff the badge system
* Fudding by competing projects & DDOS attacks on the servers

15/
Thanks to @Barndog_Solana @Stepnofficial @Jerry10240 @yawn_rong for todays #AMA. Great updates and news.

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