Thread by @CryptoEdgar_

1/
Summary @Stepnofficial #STEPN #Townhall 17/08/2022:
* Priorities
* Why #GMT earnings?
* Process
* Why classic pool?
* 80% to rainbow?
* Timeframes
* Progress bar
* Schadenfreude pools
* Extras
* Rollover mechanic
* Account upgrades
* Apple
* Other app updates
* Collaborations

2/
Priorities

* Shifting focus to #Solana & #BSC realm (floor & #GST price). Leverage #GMT earnings to create reciprocal relationship with #GST.
* Building several apps concurrently. Bumped social app to the top of the list.
* August release goal for NFT marketplace is postponed

3/
Why #GMT earnings?

* #GMT mining is prioritised (UX, new sneakers, old mechanics)
* Most important task is to revise & revitalise
* Positive feedback loop with the #GST price

4/
Process (batches)

1. People will try to win a rainbow sneaker with enhancements
2. Sneaker floor price goes up
3. Minting will be profitable again and people will mint and push down price a bit
4. First batch of sneakers will run out of HP and reset the system back to step 1

5/
Why classic pool?

* Classic sneakers don’t have a lifespan, rainbow sneakers do
* Team learned from energy bridge issue. Cannot mix different type of users under the same pool
* That's why two different pools with 20% of daily #GMT on classic pool and 80% on the rainbow pool

6/
Why 80% to rainbow sneakers?

* A need to allocate a lot of #GMT to rainbow pools to encourage rainbow sneaker creation process (burn #GST & sneakers on enhancements)
* But they kept in mind the existing users
* Important: At start 100% of earnings will go to the classic pool

7/
Timeframes

* Target goal (burned #GMT) was set & shared for classic pool to open
* Goal should be reached somewhere in September
* Rainbow sneakers & pools will be afterwards but timeframe unknown (depends on multiple factors due to concurrent work with the UX & others).

8/
Progress bar

* Progress bar shown on stepn.com (91.4% currently)
* Once bar hits 100% team will make some sort of celebration/important announcement on what's next
* Shortly after the announcement the #GMT earnings will be enabled

9/
Schadenfreude pools

* Team is looking at a redesign of the fourth pool
* Perhaps even a name change but it'll serve a different purpose of #GMT earnings
* More details once the rainbow plus sneakers are released
* Something they think that will bring scalability to #GMT early

10/
Some extras

* People can turn off the chance for rainbow sneakers & rainbow gems when minting sneakers or upgrading gems
* Gems will be made tradable
* Sneakers only tradable when HP 100%
* No Mystery box hunting
* Earnings evenly shared across all the realms

11/
Extras (2)

* Rainbow gem can be taken from a sneaker by burning it
* Rainbow sneakers with 0HP will be the same as a common sneaker and will serve as a battery
* Potential different future use cases for these sneakers. But not now
* No rainbow chances until team announcement

12/
Rollover mechanic

* When a block wasn't mined (with #GMT sneaker), rewards rollover to the next block
* Rewards calculated on every 5 mins
* Gives people a chance to test potential earnings for the moment (removal of min 15 mins walks)
* 3 energy requirement has been removed

13/
Account upgrades

* 2k #GMT per use case to improve from lvl 1 to lvl 2
* 4k #GMT from lvl 2 to lvl 3 and so on
* Should almost only make sense when people decide to specialise in one area only
* Rollback done for all accounts that did the upgrade at release (accuracy error)

14/
Apple subscription

* VIP subscription
* $19.99 monthly
* #STEPN has been working with Apple for some time
* Rollout when everything has been setup
* Easier for #Web2 users to make a payment (Apple pay etc)
* Strengthens the ties with Apple
* Potential future NFT purchases?

15/
Other app updates

* Sneaker fusion:
- No need for the same quality sneaker
- No extra cost, just burn the other sneaker
- Randomly drawn number. Be lucky or unlucky
* Sneaker log. App will now remember your last chosen sneaker. Help to avoid walking with the wrong sneaker

16/
Other app updates (2)

* Success rate improvements (spent #GMT):
- Chance of double shoebox
- Higher quality of sneaker
- Lower the chance of failed gem upgrades
* Redistribute sneaker attribute points
1 (common), 2 (uncommon), 3, 4 or 5 #GMT cost based on sneaker quality

17/
Other app updates (3)

* Minting scrolls in marketplace now require SOL, BNB or ETH (based on the realm)
* Update to the website (ambassadors such as @Barndog_Solana, @ktrainUSA_STEPN, @STEPN_KR and others have been added)
* Countdown for the #GMT earnings

18/
Collaborations

Line:
- Biggest chatting app in South-East Asia
- Equivalent to Whatsapp & Wechat from Japan
- Based on something #STEPN wants to kickstart
- Series of collaborations afterwards (based on Line products)
* Announcements this week regarding other collaborations

Thanks to @Barndog_Solana @Stepnofficial @yawn_rong @shitirastogi for todays #SMT

I've tried to note down everything correctly. Correct me where needed.

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