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Aug 8 • 17 tweets • 11 min read
1/16
Summary @Stepnofficial #STEPN #MSGA Twitter Spaces 08/08/2022 with @Mable_Jiang and @yawn_rong:
* Benefits to current #STEPN investors
* #GMT earnings
* Current #GMT sneakers
* Rainbow sneakers
* How much they'll earn?
* Why & When?
* What's special?
* Rainbow gems
* Extras
2/
 Team's giving benefits to the current #StepN investors
- Japanese conference ticket ()
- Paris Giveaway ()
- Ledger giveaway ()
- BSC SPACE ID NFT ()
3/
 #GMT earnings
* Team will continue to offer new gameplays and new features
* Build additional infrastructure (DEX, Marketplace & Social app) to create extra demand for #GMT
* #GMT earnings will be the turning point in the app
* Modifications to the #GMT earnings mechanics 👇
4/
 What with my current #GMT sneaker?
* All current #STEPN sneakers remain unchanged but will be branded as G0 (generation 0) 'classic' sneakers
* Will earn from the 'classic pool'
* Classical pool will be given +/- 20% of the total amount of #GMT earnings for a day
5/
 * Rules made before remain unchanged
* The higher the comfort stats of classic sneakers, the higher the #GMT earnings
* More people running at the same hour, day or month with lower the earnings for each individual (follows #BTC hash mining)
* Details: whitepaper.stepn.com/tokenomics/gmt…
6/
 Rainbow sneakers
* 3 extra generations of #GMT earners
- Rainbow (chance of getting one from enhancement of common sneakers)
- Rainbow plus (chance of getting one from enhancement of uncommon sneakers)
- Rainbow infinite (how to get it will be shared in future announcement)
7/
 How much they'll earn?
* Rainbow: From the pool that contains 30% of earnings for that day
* Rainbow plus: From the pool that contains 50% of earnings for that day
* Rainbow infinite will earn from schadenfreude pool (more details later on)
8/
 Why & When?
* Different generations to indicate their release schedule. Classic earning pool will be first, rainbow pool will come next etc.
* Rainbow sneakers won't be released before certain #GMT announcements are made. Do not attempt to enhance to get such sneaker now!
9/
 What's special?
* Attempt to keep it simple
* All rainbow sneakers will be trainers (1-20km/h)
* No efficiency, luck, resilience & comfort attributes
* Every sneaker will start with 100% HP and won't be able to restore
* All rainbow sneakers will have the same lifespan
10/
 * Rainbow sneakers can't mint, lvl up or repair
* Have support for rainbow gems (4 slots available)
* When rainbow gems are removed from their socket, they'll be burned (cannot be reused)
11/
 Rainbow gems
* Can only be applied to the rainbow sneaker socket
* Meant to boost the earnings of the rainbow sneaker
* Gem upgrade will give a chance to acquire a rainbow gem (same lvl as what the upgrade would give)
* Rainbow gems cannot be used in further gem upgrades
12/
 * Rainbow gems cannot be traded
* Again, until the announcement is live, current gem upgrades won't give any chance to acquire rainbow gems
* No #GST repair cost
13/
 Extras
* 250M #GMT has been burned to date
* Expectations that the need for #GMT will increase
* In-app need & utility for #GMT will increase as well
* Crypto payments, donations etc will all be centered around #GMT as well
* More gameplay in-app planned
14/
 * Better connect users within the ecosystem
* #GMT earnings will put #StepN in a better position to balance out the ecosystem
* Team looking to build more interesting utilities for #GMT
* Date of #GMT earnings will be announced very soon
15/
 * #GMT earnings countdown will be shown after the next updates goes live? - Didn't 100% grasp that
* Partnerships will be coming up in the next few days. Not enough time to announce these now.
* They'll be announced in the town hall next week
16/
 Thanks to @Stepnofficial @yawn_rong @Mable_Jiang for todays Twitter Spaces

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

If you liked this thread, make sure to follow me & Like♥️, Share🔁 the FIRST post.

Link:
Link to the original Twitter Spaces:
twitter.com/i/spaces/1RDxl…

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More from @CryptoEdgar_

Crypto.Edgar Profile picture
Jul 13
1/
 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
2/
 Today's update:
* 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
3/
 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)
Read 18 tweets
Crypto.Edgar Profile picture
Jul 5
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.
Read 20 tweets
Crypto.Edgar Profile picture
Jul 3
1/17
There's some extreme negativity in the community due to a falling #GST price and some "ivory tower" feelings.

How's it possible when the app has been working smoothly, is relatively bug-free & had almost no downtime?

Some personal thoughts regarding all this #STEPN 👇
2/
 The #STEPN team has been extremely quiet regarding everything that's been going on in the past few weeks. The last written statement to the whole community was done nearly a month ago and I wrote a breakdown here:


A quick recap 👇
3/
 Most items were addressed but not always in the best way possible.

"Energy sharing"
I mentioned it was too complex & the proposed changes were too impactful.
Currently each realm has their own energy system with no sharing. But it's still unclear on how to prepare for Realm 3 Image
Read 17 tweets
Crypto.Edgar Profile picture
Jun 26
1/11
Yesterday @Stepnofficial sent out a teaser to all of us which made everyone speculate on a potential partnership with @BoredApeYC


I think it might be a little different and I'm going to break down my theory below (Not Financial Advice)👇
2/
 Moderators in the @BoredApeYC Discord weren't really aware of any potential collaboration. It's possible that they're not up-to-date on everything that's happening just like @CM_Gilgamesh isn't informed on all details in #STEPN but it got me thinking.
3/
 Let's put the pieces of the puzzle together.
There's a lot of buzzing around #Ethereum being the potential third realm and we know that #NFTs are huge on both @solana as well as @ethereum
In the AMA of 05/03 @Jerry10240 stated that they're not planning to run the game on Eth.
Read 11 tweets
Crypto.Edgar Profile picture
Jun 23
1/16
DEX (Decentralised EXchange)

On June 10th @Stepnofficial announced their own DEX ().

What is a DEX? How does it work? Why is it important to StepN? And how can you potentially participate and profit? 👇🧵

#STEPN #DEX #DOOAR #GST #GMT Source: https://bitquery.io...
2/
 What?
Simply put, a DEX is a decentralised marketplace / exchange where you can trade your tokens in a non-custodial way (you never lose the control of your assets).
Remember: Not your keys, not your coins.
3/
 How?
The earlier DEXes (think 2017-2018) were very much like a pinboard at school. Requests such as: "I sell 10 BTC for 10,000 USD, looking for a buyer!". Someone could respond and conduct a p2p transaction.
Nowadays they mostly work through the concept of Liquidity Pools.
Read 16 tweets
Crypto.Edgar Profile picture
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

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