Crypto.Edgar Profile picture
Jun 14 5 tweets 6 min read
1/5
#STEPN #BSC #REALM new user inflow

We don't have access to the #STEPN backend API but let's try to do an estimation by tracking all wallets on #BSC and their #GST txs.

The idea is simple: The first tracked #GST tx in a wallet is considered a new user.

Let's take a look 👇
2/
Three interesting events have been marked in the chart.
- The airdrop to #SOLANA genesis shoe holders: A slight immediate increase in new wallet addresses. Huge delayed impact.
- Launch of SMAC: App downtime impact on new wallets
- #STEPN's action plan: Short term euphoria Genesis holders airdrop: 2022-05-04 SMAC: 2022-06-03 StepN's
3/
Summary:
It's clear that it took some time for user interest to pickup.
The start of the exponential growth begun on 2022-05-19 and peaked on 2022-05-29 with a total of 8943 new daily created #BSC wallet addresses.
As of today we see around 1,000 daily new #BSC addresses.
4/
Around 139,500 people have interacted with #STEPN on #BSC if we assume that each unique wallet with #BSC #GST represents an individual player.

Most likely, many of these players are no longer active and we'd need to do a more in-depth analysis to understand the current state.
5/
Conclusion:
All represented data above is my personal summary of an analysis done on all #BSC wallets that have interacted with #BSC #GST in some point. Always DYOR.

I'll keep digging and providing data.

If you liked this thread, please Like♥️ and Share🔁 the FIRST post.

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More from @CryptoEdgar_

Jun 15
1/20
Summary #STEPN @Stepnofficial AMA 15/06/2022:
* AMA on Twitter Spaces
* @yawn_rong and @Jerry10240
* User growth
* @shitirastogi
* Economical issues
* Why #STEPN will survive
* Recent updates
* Extra notes
* SMAC
* DOOAR
* Realms
* Sneaker synthesis
* FUD
* #GST vs #GMT
2/
Townhall (AMA) on Twitter Spaces
* Monthly event from now on
* To reach as many people as possible
* Format might change for the next one (difficult to go over all user questions)
3/
* @yawn_rong working on dev, marketing, front end etc. (Realm expansion, partnerships etc). It was too much.
* @yawn_rong & @Jerry10240 will talk about technical things from time to time
* Professional people dealing with professional things (Yawn talking & sharing too much)
Read 20 tweets
Jun 8
1/17
Alright. @Stepnofficial have launched their action plan (stepnofficial.medium.com/stepns-action-…).
My first question, again.
Who's the communicator of this info? Not the official Twitter?
@shitirastogi did share a thread regarding the article:
Let's take a look 👇
2/
"Cross-realm energy bridge"
I think this goes too far. If they want the other realms to succeed and satisfy partners, they'll need users.

My concerns:

One shoe on #SOL and one shoe on #BSC will suffice to have two energy in the new realm. No advantage to hold more.
3/
1. Most users hold their highest amount of sneakers on Solana and will opt for Solana for #GMT earnings (as they're shared). #GST earnings in the newest realm will probably outperform #GST earnings in older realms (such as #BSC). Why would I stay on e.g. #BSC in that case?
Read 17 tweets
Jun 6
1/25
People have been messaging and tagging me in the last few days. I first needed some time to contemplate the actions of the #STEPN team. I'll share some of my thoughts below. 👇

To clarify. I’m not a team member nor ambassador of the project. I’m just an interested investor.
2/
First of all, I’m sure most of you have read the tweet by @Mable_Jiang by now (). If you didn’t, have a read.

The first question I've got is: "Who’s the CEO, decision maker & leader at #StepN?"

Every company has a hierarchical structure.
3/
It’s not entirely clear to me why the communication regarding the replacement of @yawn_rong as a spokesman of #StepN was shared through the personal Twitter account of another employee of the company.

A central source of information is needed. Currently, it's everywhere.
Read 25 tweets
Jun 2
1/20
Let's take a step back and re-analyse StepN from afar based on what we know.

Should we be worried about #StepN moving into a death spiral or is this just FUD?

I'll lay out what I know and my thoughts. None of this should be taken as financial advice. 🧵👇
2/
#StepN is an investment which has done extremely well during the BTC downtrend. Until recently. We must stay focussed & vigilant.

Investment is a process. A daily uphill battle. Patience is key.

We all want to make money without opening ourselves up to high amounts of risk.
3/
We do so by working hard, finding bargains and claim any edge we can get.
As a result there is no easy money. It requires dedication and effort.
You want to do better than average and outperform others thus you need to think on a different level as well.
Be ahead of the game.
Read 20 tweets
May 31
1/
FUD
Fear - Uncertainty - Doubt

Three words that occur sooner or later in any project you're invested in.
Understand where you put your money. Educate and free yourself from the herd mentality.

Did #STEPN live up to their promises? Something changed? What happened? 👇🧵
2/
Charlie Munger about investing: "It's not supposed to be easy. Anyone who finds it easy is stupid".

It's hard work. A lot of listening, reading, writing and self-reflection. It's my goal to help you sketch the full picture. But in the end, you pull the trigger.
3/
We're in macro-economically difficult times. For months already.
#STEPN has fought the BTC downtrend hitting ATH week after week since its inception. Until now.
But experience is the best teacher. It's not my first rodeo. During times of FUD we need to verify, not believe
Read 12 tweets
May 28
1/22
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.
Read 22 tweets

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