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Nov 9 • 11 tweets • 8 min read
1/ #StepN Townhall AMA 09/11/2022 hosted by @tyson_schubert & @bnBeth_solvax

Topics:
* Background of hosts
* Apple marketplace
* Roadmap
* Badges & Achievements
* Updates
* When rainbow+?
* Remove rainbows?
* Token burns from spending wallet?
* Marketplace filters?
* Dark mode?
2/ Background of hosts

* @bnBeth_solvax joined @Stepnofficial in January. She became an ambassador in May, recently promoted to lead ambassador

* @tyson_schubert joined #StepN in December. Has known @yawn_rong > 4 years. Started hosting fitness show. Now head of community
3/ Apple marketplace

* Apple changed their fair rules
* In-app marketplace will be removed
* Android devices won't have any changes
* #StepN marketplace can still be reached through m.stepn.com
* Update will be tomorrow morning
* Not an immediate forced update
4/ Roadmap
* Not everything in the roadmap is certain to happen
* Will be updated more consistently & more accurately
* What with marathon mode (question by @ShanRunsForFun)?
Hasn't been taken out but moved down the list. Lots of changes which need thorough testing first.
5/ Badges & Achievements
* Next in line and coming out next

What with CMC badges (question by @JonesRoks)?
* @tyson_schubert isn't sure but will get back to this Q

What with ASICS badges (question by @SolanaSwiss)?
* Official partnership. Team will get back to this Q as well
6/ Other updates
* In-app notifications coming soon. The date is preset and has to happen. Pushed hard by @shitirastogi
7/ - When will rainbow+ be released? (question by @_SimonMitchell)
* Not coming out any time soon

- Can't we get rid of rainbow sneakers?
* It's good for #StepN. The more burning mechanisms there are with #GMT, the better
* Provides a sustainable system for #StepN and will stay
8/ - Why token burns are coming from the spending address?
* Everything is on-chain and meant to be transparent in growth & burn

- What about marketplace filters?
* Not a priority but could be happening down the track

- Dark mode?
* Considered for the future but no timing now
9/ - How is @mooarofficial helping #StepN?
* It's all about #GMT utility. More use cases for #GMT will help #StepN
* Team isn't abandoning #StepN. They know their users are important
10/ I've restructured parts of the space for it to make more chronological sense. Correct me where needed.

I'll share my thoughts in a future thread.

If you liked this thread, follow (@CryptoEdgar_) and please Like💙 & Share 🔁 the FIRST post.

Link:
11/ Link to the twitter spaces:
twitter.com/i/spaces/1kvJp…

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More from @CryptoEdgar_

Crypto.Edgar Profile picture
Nov 11
1/ Yesterday I've posted my thread regarding the #StepN treasury analysis.

Since then I've received many comments, DMs and information from various sources.

It's a lot to take in, buckle up.

[Thread 🧵]
2/ I'd like to start with the answer from @tyson_schubert (#StepN head of community).

"Those are influencers",

"And advertisers are not free. So we... yep, you guessed it... pay them"

So in short. Individuals or companies paid by #StepN to advertise the product?
3/ Next, I've got some DMs stressing that the vesting schedule (by investors) is still followed and very active meaning that none of the vested tokens have been paid out.

But let's recap.

What does that mean, vested tokens?
Read 20 tweets
Crypto.Edgar Profile picture
Nov 10
1/ #StepN treasury analysis

3.6M #GMT being sent out monthly to 50 unique wallets.

So who are they if they aren't VCs and why has the majority of them most likely sold as soon as they've received funds?

I've been able to identify some of them. Let's take a look 👇

[Thread 🧵]
2/ I've been able to identify 3 wallets from which I'm quite certain of the holder.

1. solscan.io/account/F8syoR…

This wallet has received 186,669 #GMT over 7 months. It has a registered domain "tehmoonwalker.sol". There's a Twitter account with an equivalent name @tehMoonwalkeR
3/ The account is followed by @Stepnofficial and has been posting very actively until early June. Then it got more silent.

Given his huge following base, I'm guessing this could be an influencer paid by #StepN to promote the project.

Still well paid for the few tweets recently. Image
Read 13 tweets
Crypto.Edgar Profile picture
Oct 29
1/12 #StepN Rainbow sneakers

@Stepnofficial won't share exact numbers but wants us (the community) to gather data and make estimations.

This is my attempt at making an estimation based on on-chain data.

How many do I think are out there and how did I come to this number?👇 Dune dashboard regarding rainbow sneaker holders
2/12 Rainbow sneakers were introduced on 12/10/2022.

We've seen individuals post amazing earnings on socials. But that doesn't paint a good picture of what's really out there.

But because earnings are so high, I believe that most rainbow holders will (partially) cash out daily.
3/12 The reasoning I've applied is the following:

* Grab all wallets that withdrew 1,000 or more #GMT on a daily basis from their spending account.
* Sort that list based on the amount of days they've been doing so.
* Show the total #GMT withdrawn.
Read 12 tweets
Crypto.Edgar Profile picture
Oct 2
1/ How much did #StepN earn from marketplace fees in Q3?

Let's take a look at the data and compare the numbers throughout the three different realms (#SOL, #BSC & #ETH).

The earned fees should give us some good insights into the health of the different realms.

[Thread 🧵] Image
2/ Daily earnings (#USD)

* On #SOL they've been decreasing on a daily basis.
* On #BSC slightly increasing until 10/08 with a sudden drop off afterwards.
* On #ETH they're reduced to $1,400.

#SOL & #BSC had a sudden spike in the last 2 days of Q3 (#GMT earnings release) ImageImageImage
3/ Key points Daily earnings (#USD)

* #SOL realm remains the biggest earner of fees with 85% daily fees on average last week.
* #ETH realm had +/- 24 days of > $100,000 daily earnings (60% of daily total). Only 1,3% now.
* #BSC realm between 10% - 14% of total since 12/08/22. ImageImage
Read 7 tweets
Crypto.Edgar Profile picture
Sep 30
1/ Summary of todays's (30/09/2022) @genopets Town Hall

• Changes
• Why?
• How?
• Genopets DNA
• Genesis Genopets
• Android Users
• Cheaters
• Habitats
• Lore
• Crafting
• Treasure hunt
• Goal
• Legendary augments
• How to get it?

A chance to win an invite code👇 Image
2/ Changes that were/are being rolled out

• Big changes to step to energy convergence changes
• Guild habitat harvest efficiency
• Boost for Genesis Genopets (10% boost when banking steps)
• Full details:
medium.com/@genopets/upda…
3/ Why?

• Encourage people to lvl their pets
• A lvl 22 pet only gives 300 energy more for banking 10k steps vs a lvl 1 pet. Not rewarding enough. Lvling needs to be meaningful
• +/- 50% of the DAU aren’t habitat holders. They've joined for the game. Walk, lvl up & battle.
Read 22 tweets
Crypto.Edgar Profile picture
Sep 16
1/
Let's take a look at the marketplace revenue of #StepN for #Aperealm (#ETH) in Q3 so far👇
2/
For a solid 3 weeks #StepN has been earning between 65 and 105 ETH on a daily basis.

On 11/08/2022 there was a major drop. I don't know why this was the case (sneaker floor price dropped drastically?)

Currently daily earnings are around +/- 1.5 ETH
3/
Translating the previous chart to $USDC shows that #StepN was earning +/- $100,000 daily in the first 3 weeks after launch (with spikes to $150,000 daily).

The current daily earnings are between $2,500 and $5,000.
Read 7 tweets

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