Thread by @Stepnofficial

STEPN May Town Hall Recap 🧢

Here's quick recap if you missed the #STEPN Town Hall:

🔸Last Month Highlights
🔸Upcoming Events
🔸Transfer Fee ⬆️
🔸GNT's Edge
🔸Strategic Investments
🔸Community Questions
🔹Badges & Achievements
🔹Future Outlook
🔹Others

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1️⃣ Highlights from last month at FSL 🔆

▫️ First AMA on MOOAR discord
▫️ Launch of the #FairMint collections with drops every 12 hours
▫️ Announcement of strategic seed round of HypeSaints
▫️ Activations during NFT NYC - Lost Worlds treasure hunts and DeGods Sneakers

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2️⃣ Events + Alpha 🎉

▫️ TEAMZ conferences in Tokyo, Japan [Yawn will host an IRL AMA]
▫️ Announcing a new collaboration with Genesis and OG Sneakers in the next few days - a reflection of our continued efforts to bridge the real world IP with our digital collection

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A reminder: Genesis Sneakers will only have a limited supply of 20,000. This will not change.

Mable is open to receiving partnership suggestions via Twitter DMs. Do not hesitate to reach out (@Mable_Jiang)

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3️⃣In-App Fee Transfer Increase 📈

▫️ Due to the recent spike in gas fees
▫️ We will monitor fees and adjust accordingly
▫️ The increase in transaction price when Sneaker quality increases is due to our first patch to combat energy exploits

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4️⃣GNT's Edge💎

▫️ GNT presents endless possibilities as a productivity tool and offers new ways of community building and bootstrapping
▫️ Convert users into stakeholders
▫️ Price NFTs in GMT - Good for our ecosystem

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5️⃣Strategic Investments🎯

▫️ FSL will be doing more strategic investments in the future, starting with HypeSaints last month
▫️ We have the resources to help many projects

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6️⃣Community Questions + Answers

💠Account System
❓How to level up the account level?
🗨️Account level based on Energy burnt

❓What does the account level determine?
🗨️Nothing at the moment. We will determine if perks can be given in the future

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💠Achievement System

▫️ We're working on optimisation (iOS, Backtrack tool)

❓Are ALL achievements retroactive from day 1?

🗨️Walker/Jogger/Runner/Trainer Exercise is an example of data we don’t record. Working on a way to figure out how and IF we can to backtrack this

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❓Will there be a progress bar in achievements so the community can see what is missing and how they can achieve the goal?

🗨️We have received the feedback and will consider it in the following update.

[10/20]

💠Badges

❓What is the ratio GMT Burnt/Achievement Points earned?
🗨️20 $GMT spent = 1 achievement point

❓If we sell a badge, can we get it endlessly every time we satisfy the requirements?
🗨️No, each user is only entitled to 1 badge for each achievement

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❓Will there be badges with a bonus or in-app utility

🗨️Badges will serve as proof of participation and rewards but will not have any in-app function for now.
Complete 1st stage (i.e. more achievements, rewards) before considering giving any in-app perks

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❓Will we have a burn system for badges?
🗨️This has been considered, but we decided not to roll out a complex system for now

❓Are all achievements/badges already synced or are we still waiting for sync?
🗨️Waiting on sync, data backlog is massive. Need time

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❓What about badges in other realms?

🗨️We will consider (e.g. have sneaker on all three realms) but at the moment, badges are only on SOL

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❓How do you think badges will help the STEPN ecosystem?

🗨️It opens up a whole new world for hardcore players and helps us better identify who should be rewarded.
It also gets people outside of their comfort zone, to explore other aspects of the game and stay motivated.

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💠Others

❓Do you have any news about Sneaker personalisation?

🗨️This will be something we are revamping, we believe we can do something better than Sneaker personalisation

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❓What is the long-term timeline for STEPN in the FSL team?

🗨️ 2 main areas:
▫️ Reactive: adapt to the short term environment
▫️ Proactive: lead the next exponential growth through new apps, STEPN brand, new token/NFT mechanics

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❓What is the coolest feature that could be in an app but never gets implemented?

🗨️Rental. Because we feel it might attract the wrong audience.

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❓What are the future trends and developments we can expect to see in walk-to-earn projects?

🗨️Similar to “POW” consensus - once we are confident the work is genuine and unexploitable, we can do various incentives (i.e. build a range of different products, new NFT, etc)

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That's a wrap! 🌯

Have a great week everyone!

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