Thread by @CryptoEdgar_

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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)

4/
* Campaign to reach out and focus on the web 2.0 community (@Strava)
* #STEPN still slowly growing (20K new daily users)
* Mostly people not affected by crash or people who couldn't afford it before
* Still around 900K DAU. Team was hoping to hit 1M but has been postponed

5/
Introduction of @shitirastogi
* Electronics MBA
* Launched "Wall Street Journal" in India
* Moved to work with PepsiCo in the US (digitalisation of global portfolio of power brands)
* 3D printing of food

6/
* Arrived in the UK 7 years ago and worked on AI solutions for posture in workouts
* @shitirastogi isn't involved with any of the AI integration into #StepN though
* @yawn_rong & @Jerry10240 are at the helm of things & running the show
* "More focus will be put on the product"

7/
Current economical issues
* First time bear crypto market in a bear equity market & a bad macro economy
* China COVID & supply suppression
* European war
* USA and the battle on inflation

8/
Why #STEPN will survive (by @shitirastogi):
* One of the few such products in the #Web3 space
* Thousands if not millions of users
* Solid business model
* Given even traditional fit tech companies a run for their money
* Their income and unparalleled business model is rare

9/
Recent updates
* 10 levels of mystery boxes and contain gems, minting scrolls and even #GST
* Lowest boxes became cheaper (img by @StepnUk)
* Within 24h from now people will need minting scrolls to mint
* Socket type minting results has been reduced to 70% (from 85%)

10/
Extra notes:
* Buff to the luck attribute (and epic & legendary sneakers). High luck should receive a better deal than before. Not just the 125% energy trick.
* Activation of the minting scrolls will not cause maintenance.
* Scroll drop chances are similar to gem drop chances

11/
SMAC
* Rolling out the Turing scoring system today
* Learning school
* People not behaving right will receive scrutiny from the app
* Tightening up the anti-cheating mechanism
* A warning to everyone cheating (walking with multiple devices at the same time, GPS spoofing etc.)

12/
DOOAR (#StepN DEX) (

https://twitter.com/Stepnofficial/status/1535239610145484803

)
* In stage 1 team will move liquidity from @PancakeSwap & @orca_so to their own DEX
* In stage 2 everyone will be able to provide liquidity through a website (not in-app).
* Multichain
* For every chain with a realm, have a DEX

13/
* Goal is to no longer print money from thin air but based on external income. A positive cashflow
* Side product
* One of the biggest steps to a long term sustainable product (buyback #GMT & NFT)
* NFT marketplace, SocialFI and others will aid this cause as well

14/
Realms
* #GST is the main mechanic in the app that produces new sneakers
* New realms, team has chance to do things different. More regulated to affect the #GST price
* Important because e.g. if #BSC crashes, it also crashes other realms
* The plan should bring back trust

15/
* Energy bridge: Idea mentioned in the Medium article (stepnofficial.medium.com/stepns-action-…) will be the one rolled out.
* Max 20 energy daily over all realms
* Third realm is meant to track attention for the project. There'll be incentives for people to remain on the older realms as well

16/
Sneaker synthesis
* 5 of the same quality sneakers into a sneaker of a higher quality
* Brand new higher quality sneaker
* Attributes of maximum 20% more
* Sneaker type & gem sockets will be based on vintage
* Cost will be both tokens (#GST & #GMT)
* It's the next feature

17/
How is the team fighting FUD?
* Realms to bring in partners
* DOOAR for external revenue
* Other features the team is building
* Overcompensate the users to have them spending down the road (comparison with Uber & other #Web2 companies)

18/
#GST vs #GMT
* #GST in the short term is almost as important as #GMT in the long term
* Price of #GST is one of the main reasons for user concerns regarding the app
* Multiple burn use cases for #GST are planned to help and improve the price

19/
* #GMT earning will be activated after rolling out all the #GMT use cases. This will take a bit longer than originally planned.

20/
Thanks to @Barndog_Solana @Stepnofficial @Jerry10240 @yawn_ron @shitirastogi for todays #AMA. Great updates and news.

I've tried to note down everything correctly. Feel free to correct me where needed.

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