Step #blockchain mainnet goes live on August 15. A major yield function goes live with it: delegation rewards.
$FITFI #MoveToEarn 1/5
A. Delegation Explained
Step ecosystem runs on its own PoS #blockchain.
$FITFI tokens must be staked to be part of network validation.
2/5
Delegation allows the community to be part of network security, without buying infrastructure.
A seamless process available on the web & app lets the community delegate $FITFI stake to validators, who share transaction fees.
3/5
B. Massive Decentralization
Step, with its brand & celebrity deals, is on #RoadTo10Million users.
The mobile app, with a fiat plugin, makes $FITFI tokens at the fingertips of people across the world. Delegations are built into the app, making the process hyper simple.
4/5
Step pursues the highest distribution of stake, thereby creating an ultra-secure network - where everyone is rewarded through sustainability of transaction fees.
Step Mainnet 7 Days of Growth
$FITFI #MoveToEarn
5/5
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✨Step App at UNTOLD Festival
Step App given center-stage branding
@UntoldFestival is one of the first institutional developers building on Step #blockchain. The company is using Step technology to build a dance-to-earn app.
$FITFI #MoveToEarn 1/5
As part of the partnership, Step👟App is given prime coverage at this year's @UntoldFestival. Step #blockchain, Step App, and UNTOLD's app on Step will be promoted to millions.
2/5
⚡️Partner Artists + VIP Tickets
UNTOLD is providing Step👟App branding in the live events on artists like CLAPTONE. This also includes VIP tickets that we can give to our community.
Dharpan then began his own agency which provided the license acquisition for the largest exchanges in #crypto.
Step👟App has secured some exciting IP deals and athlete ambassadors, including world-renowned partners. These will be rolled out soon.
2/4
2 major corporate partners building on Step Protocol (layer-1) have already been disclosed to the public: @UntoldFestival & @GlobalTitansFS. Several more are lined up.
UNTOLD's audience base is in the tens of millions, working with music stars like David Guetta & Steve Aoki.
3/4
- 2nd phase of Perpetual Staking incentives goes live soon: zero-inflation yield.
- Perpetual Stakers get access to every ecosystem opportunity.
Perpetual Staking's a powerhouse. Almost 65,000 stakers, more every minute.👇
A. Source of Phase 2 Yield
The staking is liquid as people can leave any point, but has a cooldown. Instant unlock removes cooldown but has a tax. This tax feeds staking yield, without inflating supply.
Longterm stakers earn from flippers.
B. Staking Tiers
To empower longterm stakers, yield is split in tiers.
- 30% of tax goes is divided to all stakers
- bonus 20% divided among 3+ month stakers
- bonus 25% divided among 6+ month stakers
- bonus 25% divided among 12+ month stakers
$KCAL is ingame asset of Step App, the first app on Step Protocol. It is needed to mint and repair SNEAKs.
To bootstrap launch of app, $KCAL's fair distributed to early community. This lines with our community-centric approach, rather than selling $KCAL.
The fair launch takes place through 3 mechanisms:
👇👇
1. Early Adopters
Community members will have to sign up to the beta app and connect their wallet. The beta phase will be available temporarily only, and each day, pre-signers will collect some "FAT points."