STEPN
STEPN is a move-to-earn lifestyle app with GameFi and Social-Fi elements built on Solana.
Overview
STEPN allows Users to utilize move-to-earn by letting them equip themselves with NFTs in the form of Sneakers. By walking, jogging, or running outdoors, users will earn game tokens, which can either be used in-game, or cashed out for profits.
STEPN focuses on nudging people towards a healthier lifestyle by using GameFi, move-to-earn and Social-Fi elements.
The app is currently under a Public Beta Phase.
STEPN's game token is $GST and the governance token is $GMT.
GameFi Elements:
Solo mode:
In Solo Mode, users are equipped with NFT Sneakers to earn tokens by moving. Energy is needed to earn Green Satoshi Tokens (GST). Every 1 Energy is equal to 5 minutes of move-to-earn movement and Energy which only starts replenishing after users acquire an NFT Sneaker. To begin, users select a Sneaker of their choice.
Moonwalking:
This will be shown if the app detects a weak GPS/internet signal, or the user is not organically moving (i.e. using an electronic scooter or strap phone on their dog). No GST will be earned while Moonwalking, and users may/may not lose Energy depending on the circumstance.
If a user has no Energy, then the user will not earn any tokens.
GST/GMT will be paid out for every minute of movement, which is dependent on 4 main factors:
- Type of sneaker
- Sneaker's efficiency attribute
- Sneaker's comfort attribute
- Speed of movement
Mystery box
Mystery Box is a loot box that is randomly dropped while you are moving in Solo Mode. It contains Gems (Level 1 – 3). Each user has 4 Mystery Box slots. Mystery Box has the same 5 quality types as Sneakers. Upon receiving a Mystery Box, opening the box requires waiting and the countdown starts automatically. Once the countdown ends, they will be spending a small amount of GST (a Base Cost) to open it. Mystery Box countdown duration increases proportionately to its quality.
Modes under development / coming soon
Below mentioned are some STEPN modes that are under development and ones that will be coming soon:
- Marathon mode
- Registration fee (imposed to enter marathon for commitment from users)
- Leaderboard
- Rewards
- Background Mode
Sneakers
Sneaker Attributes:
Efficiency (GST Earning) – Solo Mode, Marathon Mode In Solo Mode, Efficiency plays a part in GST earnings. Having a higher Efficiency Attribute will result in better GST earnings per Energy spent. In Marathon Mode, higher Efficiency leads to a faster accumulation of Leaderboard points.
Luck (Mystery Box) – Solo Mode, Sneaker Rental (Coming Soon) Luck determines the frequency and quality of a Mystery Box drop. Users are also able to receive Mystery Box drops while their Sneakers are leased out.
Comfort (GMT Earning) – Solo Mode, Marathon Mode, Staking/Governance (Under Development) The Comfort value has been reworked and currently under development.
Resilience (Durability/Repair) – Solo Mode, Marathon Mode
In Solo Mode, Resilience affects the decay rate of Durability. Higher Resilience will result in a slower Durability decay. The higher the Sneaker's level or quality, the higher the repair cost. Durability is a Sneaker’s “stamina” bar. As a user moves, Durability will decrease. Sneakers receive a “worn-out” penalty at 2 Durability touch points:
At 50/100 Durability, Sneaker Efficiency drops to 90%
- At 20/100 Durability, Sneaker Efficiency drops to 10%
- In Marathon Mode, resilience will allow users to earn more points as their Sneaker will stay above the “worn-out” penalty mark longer.
Sneaker Types
Users’ base GST return is not static, and several factors may cause it to fluctuate:
- Sneaker Efficiency (Low Durability affects Efficiency).
- GPS signal - users will earn less if GPS signal is poor.
- Mobile Data signal strength and stability – if data signal is choppy, it could also reduce earnings.
- Randomization.
Sneaker Quality
There are five Sneaker qualities. When a Sneaker is minted, the value of each Attribute will be chosen at random within the min. and max. values according to Sneaker quality. As such, even Sneakers of the same quality may have vastly different Attribute distributions.
Sneaker Level
Users can level up their Sneakers by burning GST. Each level-up takes a fixed time to complete, which increases along with the amount of GST required according to the Sneaker level. This process can be speed up by using even more GST.
Additionally, GMT will also be required to level a Sneaker to Level 29 and 30.
Sneaker Customization is available at level 30 but it is under development.
Gem Types and Level
Users are able to unlock Gem Sockets once their Sneakers reach a certain level, and are able to enhance their Sneaker Attributes by inserting the corresponding Gems into the unlocked Sockets (i.e. only Efficiency Gems can be placed into Efficiency Sockets).
There are four types of Gems, with each Gem representing an Attribute:
- Yellow: Efficiency
- Blue: Luck
- Red: Comfort
- Purple: Resilience
By heading to the Upgrade tab under the Gems section, users can upgrade their Gems by burning GST.
Shoe Minting
Shoe-Minting Event (SME) is when users use 2 Sneakers they own as a blueprint to “breed”, producing a Shoebox in the process. For reference, the 2 Sneakers will be called Vintages (Parents). Both Vintages need to be in the user’s possession (not under lease) and have full durability to begin an SME.
Users can then select a Sneaker, by heading to the Mint tab, choosing the Sneaker to “breed” with, and pressing Mint to proceed. The user will instantly receive a Shoebox that can be opened immediately.
Users can perform a maximum of 7 SMEs per Sneaker. The higher SME count a Sneaker has, the more GST/GMT it will cost. Shoe-Minting costs for each Vintage is calculated separately and added together for the final Minting cost.
Shoe Minting Costs
The first two Shoe-Minting costs the same. Shoe-Minting has a chance to drop one extra Shoeboxes. The higher the Mint count, the higher the chance to drop multiple Shoeboxes.
Badges (under development)
Badges are earned by completing tasks – with harder tasks awarded better Badges (5 qualities).
Badges offer in-game perks. Possible perks include:
- Gameplay Solo Mode – Extra Energy
- Marathon Mode – Leaderboard point bonus
- Shoe-Minting Rental and sales related – Higher chance of leasing out Sneaker
- Shoe-Minting related – Lower Minting cost
- Governance (TBD)
Earning Cap
Solo mode earning cap
Solo Mode has both a Daily Energy Cap and Daily Token Cap. These limits restrict the amount of Energy and tokens that users can have per day.
Daily energy cap
Users start the game with 2/2 Energy. Max Energy Caps at 20/20. Users can increase their Energy by getting more or higher quality Sneakers.
Daily token cap
Users start the game with a 5/5 Daily GST Cap. The Daily Token Cap maxes out at 300 GST and 15 GMT. Users can increase their Daily Token Cap by leveling up their Sneakers.
Energy System
Energy replenishes 25% every 6 hours until it reaches to the Energy Cap. Users start with one Sneaker and 2 Energy Caps. Users can increase their max. Energy by holding more Sneakers.
Anti-Cheating system
Three mechanics are used to stop cheating in the game, which includes the cheater's account being punished:
- GPS tracking
- Motion sensor and health data
- Machine learning to detect cheating through data simulation
Using devices that have been jailbroken, rooted, or with an altered OS will result in STEPN not working properly.
Transferring Sneaker from one account to another account will result the Sneaker enters a Cooldown period, during Cooldown period, users cannot use this Sneaker.
If user loses energy because of transferring Sneakers from Inventory to the Wallet, all the unopened Mystery Boxes on the user's account will be burned/purged.
Note that losing energy by listing a Sneaker in the marketplace will NOT burn the mystery boxes.
Social-Fi Elements
The Social-Fi elements are yet to be revealed by STEPN
Tokenomics
GST has an unlimited supply and is earned when a user moves in solo or background mode.
To provide liquidity, 60,000,000 GST were created;
20,000,000 GST (SPL) and 20,000,000 GST (BEP20) were minted and added to Orca, Raydium and Pancakeswap's liquidity pool.
10,000,000 GST (SPL) and 10,000,000 GST (BEP20) were created and locked in Binance to serve the purpose of cross-chain bridge between Solana and BNB Chain.
Here are the contract and bridge addreses:
- GST (SPL) Contract address: AFbX8oGjGpmVFywbVouvhQSRmiW2aR1mohfahi4Y2AdB
- GST (BEP20) Contract address: 0x4a2c860cEC6471b9F5F5a336eB4F38bb21683c98
Binance Bridge:
- BNB Chain：0xb310f03758f5222b5b1bb59b7d997f0e77327d04
- Solana Chain：B1YT25taioVePS81piB5fnJ8inkGfYsQhHsPP1CMCnRS
The current supply of GMT is the GMT that was minted at the Token Generation Event (TGE), with a total of 6,000,000,000 minted.
Governance
The 2% Marketplace Trading Fee is reserved to the team to sustain its operation, no less than 5% of the Trading Fee will be given back to the STEPN ecosystem. The other tax collected by STEPN will be funneled into a Treasury pool, which will be up to the GMT staker to decide.