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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
* DEX
* Minting scrolls
* #GMT
* Trailblazer & FOMO
* Panda skins
* DAO
2/ 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.
3/ 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.
4/ - #BSC helped the testing and serves as an input to the next realms.
- #StepN on #BSC is #StepN at a different time due to the huge minting farms etc.
- #Solana realm started out slow and gave time to the developers to build out the app & close down bugs.
5/ - Third realm will be different from what the #BSC chain is.
- Third realm will also serve as input to the fourth realm which won't be rolled out in a hurry.
- Team prepared a better design for the third realm (balance) for the next realms regarding the energy bridge.
6/ - People make their own choices but most likely the older realms will remain more interesting to earn #GMT whilst the newer ones give rise to different earning strats
- Potentially they'll require users to spend some time in a certain realm before moving on to the next realm?
7/ Mainland China ban
- Macao, Hong Kong & Taiwan aren't included in the announcement of closing down services in mainland China
- Google App store isn't available in mainland China. People used to buy a Hong Kong Apple ID and download the app from there.
8/ - Team discovered this will be a non-compliance and decided to close GPS services because of this.
- It's a result of following the regulations.
- Team decided to announce it in advance to give these users a chance to plan on what to do.
9/ - If you can download the app from the app store, it is allowed in your country.
- On 15/07/2022 the services will close down. The account won't be banned but the account can't be used.
10/ Next app update
- Entirely new system, out by next Saturday
- Should be a new way of playing #StepN on #Solana
- Workload is huge. Almost the same as the whole #StepN system now
- Progress needs to be made for more #GMT burning
- More included than just the minting scrolls
11/ Energy system & bridge
- Energy system won't be changed for another three weeks
- Next weekend more alpha will be shared regarding the changes
12/ * Gems
- No current plans to enable the transferability between accounts
* Multi-accounting
- Not encouraged but left up as a choice to the user
- New mechanics will be rolled out in the future which will force the users to make a choice
13/ Customer support
- Team is hiring new employees
- Missing assets are usually self orchestrated fraud to seduce the team
- A lot of manpower is spent on resolving these kind of issues
- Team will come up with a solution to resolve this problem
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- First 5,000 badges will be dropped to the attendants
- Team looking for more inspiration from games such as @Warcraft
15/ #Strava leaderboard
- Opened up the @Strava ambassador program
- Recent tweet on Twitter to find people
- Excellent onboarding tool for finding web 2.0 users, luring them to web 3.0
- #Twitter, #Instagram & now #Strava
16/ DEX
- Multiple projects to be developed in parallel, all fuelled by the #GMT token
- Done a mass onboarding of devs & started 2 months ago
- Multi chain
- Testing will start in June
Two steps:
- Services for #StepN users
- Frontend for non-StepN users (like @orca_so)
17/ * Minting scrolls
- Inspired because of the huge profitability of minting on the #BSC chain
- Team really wants to focus on providing value to users actually moving
* #GMT
- Around 5M #GMT burned per day
- 130M burned so far
18/ * Trailblazer
- People will have to make a choice on where they want to earn the rewards
- It'll be available on an account basis
- No extra info regarding date
* FOMO event
- Will look almost like a trailblazer event
- Will give a heads up to people before being rolled up
19/ * Airplane bug
- Noticed it but pushing out other major updates first before tackling this one
* #GST
- Have been renamed on @CoinMarketCap and @coingecko
- In newer realms it might no longer be called #GST but partner can choose name
20/ * Panda skins
- New seasonal event
- Socket quality reset option
- So you can upgrade but also downgrade
- The skin will be received in a very rare instance
21/ * #DAO
- Team is really thinking deeply on how to work out the #DAO system (related to guilds question).
- Focus on including users that mean well with the game. Online & Offline events could help in this.
- Reputation system with helping others.
* Mission
* Why?
* How?
* Who are they?
* Why #AlchemyPay?
* Recent achievements
* Situation today
* Future
* #AlchemyPay and #STEPN
* How to onramp
* Off ramp
* #STEPN and its competitors
Not sure if a recording is available. If so, I'll post later on.
3/ Mission
* Drive global adoption of cryptocurrencies.
* Take cryptocurrencies from investment instruments to actual currencies that consumers can easily use in the real world to pay for goods and services.
* Help DeFi penetrate into mainstream.
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* 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.
1/ @Jerry10240 co-owner of #STEPN answered a few questions and shared some things in the Discord elite chat. A quick overview below even though I'm preparing a bigger post bundling some information from previous AMA's and Discord chats as well.
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2/ Energy sharing between realms will stay. Perhaps in a more weakened version than what we've got now. For example, only a certain percentage of the total energy will be transferred.
3/ Minting scrolls will be a part of the Mystery Boxes and thus be a buff for the luck attribute. They seem to be 1 or 2 weeks out from now.
1/6 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' 🧵👇
2/ 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).
3/ 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? 👇
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.
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 🧵👇
2/ 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.
3/ 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