Thread by @CryptoEdgar_

1/18
Summary of the unofficial #STEPN AMA with @Mable_Jiang and @ktrainUSA_STEPN on 05/07/2022:
* #BAYC
* R3 for everyone?
* R3 and older (#SOL & #BSC) realms
* Partnerships
* Genesis holders
* What is #StepN?
* #STEPN expenses
* Is #StepN is a ponzi?
* #GST & #GMT utility
* Q2

2/
#BAYC
* No contract signed between @yugalabs & @Stepnofficial
* A goodwill effort from #StepN to try and be inclusive. Inspire more people to join.
* There'll be a requirement from #StepN towards #BAYC holders to share/tweet that they've claimed a sneaker and will join #StepN.

3/
* There has been a discussion with several #BAYC holders and #StepN.
* #StepN has also been reaching out to several athletes which are also #BAYC holders to raise awareness about the upcoming realm.

4/
R3 for everyone?
* Members of older realms have been given various opportunities to join the newer realm (double enhancement, genesis holders, SOG upgrades). Even if they fail the enhancements, they'll join a raffle. Details:

https://twitter.com/Stepnofficial/status/1540658277151014912

5/
R3 and older (#SOL & #BSC) realms
* Some revenue from the third realm will flow back into the first & second realm.
* More interesting gameplay will be implemented to increase engagement in the older & newer realms.
* An example: P2P or ranking battles between several realms.

6/
* The idea is that the older realms will be cheaper to engage in these new gameplays
* The launch date of R3 has been hinted but not confirmed. This due to potential last minute request they need to comply with
* A certain % of the #DOOAR revenue will go back to all ecosystems

7/
Partnerships
* To be announced in the second half of the year. Some of them confirmed, others in the work (NDA).
* The upcoming collection (from partner) will not be on a new realm but in existing realms.
* Some of them are renounced sport clubs etc.

8/
Genesis holders
* In addition to using the genesis NFT as a productive asset you could unlock extra perks such as e.g. VIP tickets when running.
* Accounts with certain credentials could get a higher chance to receive certain items (but not a guarantee).

9/
* An idea is that credentials built up in the older realms could receive a higher importance

10/
What is #StepN?
* A consumer conglomerate. Social element & entertainment which is partially empowered by blockchain technology.
* Team is currently in stage 1.
* This includes the #StepN app (sports app) & #DEX/#AMM (#DOOAR).

11/
* Prioritise vertical expansion through more consumer focused retail brands and a larger user base.
* Aim is to help people develop a healthy lifestyle through a linear relationship between the user and the app.

12/
* In the next phase, look for ways to develop relationships & networks among the users (social component).
* Continue to grow to a super app where people gather and spend (entertainment & social purposes).
* #GMT will be used as a unifying asset.

13/
#STEPN expenses
* Security & server: Exponential growth since January which requires an increase spending on security and servers.
* #SMAC: Investment into AI technology
* Full product suite (DEX, NFT marketplace, social products).
* Legal team, buckle up
* Talent acquisition

14/
* Sponsorships on sports and entertainment events (offline events). Comparison with @redbull marketing is made.
* Physical merchandise for the marketing purposes

15/
Is #StepN is a ponzi?
* #STEPN never relied on a pyramid scheme or exponential user growth to sustain expenses.
* #stepnactivationcode because they didn't want to grow too fast.
* Constantly looking for new sources to generate revenue to support long term business.

16/
#GST & #GMT utility
* Looking for other ways outside of the app.
* #StepN has strategically invested in a #Web3 @Steam like platform where payments can be conducted in #GST & #GMT.
* Platform isn't launched yet.
* Pay in the merch store.
* Buy a coffee with your earnings ;)

17/
Q2 earnings
* A separate kind of announcement will be prepared and drafted up to share.
* It's clear that not all revenue will once again be used to buyback & burn #GMT as it was done last time.

18/
Other carbon offsetting initiatives
* Currently @nori is the only one #StepN is collaborating with.
* Confirmed a sponsor with an offline marathon host. This will be a city-wide marathon and #StepN will be the main sponsor.
* Other engagement with other NGOs.

Once again thanks to @ktrainUSA_STEPN and @Mable_Jiang for hosting the spaces

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

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

https://twitter.com/CryptoEdgar_/status/1544359950423670797

A link to the full interview if you want to listen to it yourself: twitter.com/i/spaces/1ZkJz…