Thread by @CryptoEdgar_

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Summary @Stepnofficial #STEPN Monthly Townhall (SMT) 13/07/2022:
* Today's update (HP, sneaker enhancement, MB changes, R3 minting)
* Upcoming update
* What's next?
* #DOOAR
* Q2 profits
* #Web2 audience
* Ape realm
* How will this help R1 & R2?
* What with GST?
* Extra

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Today's update:

https://twitter.com/Stepnofficial/status/1547063185437368320

* Health Points will address the issue of infinite life of #NFTs
* Update to be released soon
* Long term token sink
* Requirements for common & uncommon sneakers will be released soon. Rare & Epic sneaker will need +/- 1 payment yearly

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Sneaker enhancement
* Sneakers used in enhancement will require a minimum of 3 mints before enhancing (also genesis and OGs)
* Low HP sneakers can be used as a burner sneaker for the enhancement (avoid repair need)

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Mystery Box (MB) changes
* Team wants to find a balance between #GST earning and MB hunting
* Resilience will have the marathon mode
* Comfort for #GMT earnings
* Mystery boxes (MB) will be buffed but will also require more #GST to open

5/
Realm 3 minting cost & mint cooldown
* Enable an evenly distributed and fair market on the third realm.
* Lots of modelling and studies were done. Based on these + amount of airdrop sneakers this was the best solution
* Sneakers should be evenly distributed and not centralised

6/
Upcoming update
* Will be the preparation for the Ape Realm
* @Ethereum version of #DEX (#DOOAR)
* @Ethereum version of the wallet
* Few UX/UI changes (reflect compliance requirements)
* Genesis sneaker identification in the app

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What's next?
* Dev team has begun working on the implementation of the additional #GMT use cases
* Web based marketplace will be released
* Entire user experience has been made intuitive and seamlessly. Login with username & password and you'll gain access

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#DOOAR
* August: Open up the DEX to external users through a frontend
* First cross-chain DEX (#Solana, #Ethereum & #BSC)
* Portion of the profits used to buy back sneakers & #GMT
* Plan is to finish in September
* DEX will be a separate website (spinoff from the #StepN brand)

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Q2 profits
* Team is confident they'll get through this bear market due to their longer runway.
* Team is hiring more people and building multiple projects concurrently. Aim to build a robust blockchain infrastructure.

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How to better target the #Web2 audience?
* Not only bridge from #Web2 to #Web3 but also the other way around.
* Consideration to enter the wholesale and retail industry
* Team is working on their own #StepN water and beverages and use it as an advertising canvas

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* Looking at the different distribution channels to bring the brand name to the general public
* Sponsor marathons & events with their own product
* The focus on offline events will pickup
* Exploring the option to support offline #GST & #GMT payment options

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* Efforts are towards building an holistic marketing event with the focus on building out healthy lifestyles
* @BruLira44 will participate in one of the biggest Iron Man events in the world with #StepN marketing
* @Firelauncher_ organised one of the largest meetups in Europe

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Ape realm / Realm 3
* Third realm built on #Ethereum with a focus on inclusiveness
* #StepN aims to be the premier lifestyle app
* Testing ground to become a launchpad for #StepN
* Announcement regarding start time will be this weekend
* Energy will be separate on Ape Realm

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How will this help R1 & R2?
1. The tweets of #BAYC holders will attract new users that might choose R1 or R2 to walk on instead of R3
2. Accelerate #GMT burning & achieve criteria for #GMT earning
3. Buyback & burn from #DOOAR in R3 will partially go back to the older realms

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What with GST?
* Team understands that people are focussed on meeting their ROI
* No buyback & burn of #GST. No long term benefits
* Fundamental issue is: "How to bring runners & people willing to exercise to #StepN?"
* Longer term: #GMT earning should bring stability to #GST

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* Team asks for patience until the GMT earnings are out to provide balance to the GST earnings.
* Considering to give priority to the older realms to release elements from the new partnerships
* New improvements and algorithms are being added to #SMAC anti-cheating mechanisms

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Extra
* Team is aware of the all the questions posed in the community
* Fight against the external environment (worst recession since 2008)
* It's the aim of the team to not only bring the #Web2 users but also build more robust realms

Thanks to
@Barndog_Solana @Stepnofficial @Jerry10240 @yawn_ron @shitirastogi for todays #SMT

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

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Link:

https://twitter.com/CryptoEdgar_/status/1547215503650856966