Thread by @AVAXDaily

Project Deep Dive: @StepApp_

🚶#MoveToEarn is the current hype in crypto, following the popular #PlayToEarn model that most Metaverse and NFT coins adopted.
🔺On #Avalanche we have our first #M2E application @StepApp_

So what is Step App?
🧵👇

$AVAX $FITFI #AVAX

@StepApp_ 1/ Overview

In 2021, we see an explosion of gamefi, play-to-earn genres, a trend led by @AxieInfinity and then gradually cooled down.
Currently, gamification involves the incorporation of traditional gaming elements into non-gaming activities.

@StepApp_ @AxieInfinity Move-to-earn is the current hype in crypto, following the popular play-to-earn model that most Metaverse and NFT coins adopted. As the name suggests, move-to-earn projects enable users to earn rewards for walking, running, dancing, or simply moving around.

@StepApp_ @AxieInfinity Step App is the next joint frontier in the metaverse and GameFi market, and an embodiment of physical experiences tied with the metaverse. 
Resonating with the plan to build a subnet on Avalanche, this will be a project that cannot be ignored in this game.

@StepApp_ @AxieInfinity 2/ Step App's Products

- Fitness metaverse: merge NFTs and digital avatars with exercise
- NFT market: buy and sell SNEAKs
- Limited Drops: limited edition branded SNEAK

@StepApp_ @AxieInfinity 3/ Step App's Technologies

- Native metaverse
- GPS-integrated rewards
- Android App
-IOS App
- Native mobile-compatible NFT marketplace
- Native crypto wallet

@StepApp_ @AxieInfinity 4/ Revenue Streams

- Onboarding: Purchase of SNEAKs
- Micro-Transaction: Purchase of SNEAK skins
- Fees: Trading SNEAKs on the In-app Marketplace

@StepApp_ @AxieInfinity 5/ What Makes Step App Unique?

- Buy-backs: 50% of play income is used to buy FitFi tokens on the market.
- Burns: Governance can vote to burn up to 50% of bought-back FitFi tokens
- Staking Rewards: up to 50% of market-bought tokens are distributed to FitFi stakers

@StepApp_ @AxieInfinity - Locks: Staked FitFi tokens require aa 10-day cooldown for exiting, and bypassing this cooldown carries a 12% fee on the principal stake
- Liquidity Incentives: LP tokens get a 50% higher weight in staking rewards

@StepApp_ @AxieInfinity 6/ Roadmap

Pre-registered and new users alike can be excited throughout all of 2022, as the Step App blockchain fitness metaverse is developed and launched later in the year.

@StepApp_ @AxieInfinity 7/ Token Economy

- $FITFI Token
Stake to earn portion of ecosystem fees
Stake includes a cooldown, breaking which causes a penalty 
Tiered stakers acquire discounts on NFT market 
- $KCAL Token
Burned in the creation and maintenance of SNEAKs
Rewarded for steps

@StepApp_ @AxieInfinity Thread is for informational purposes only, not investment advice.
Do your own research before making any investment decisions.