Among numerous apps available these days, Step’n distinguishes itself by combining the concept of a move-to-earn app with blockchain characteristics. Users can earn rewards by moving around in this mobile game. On the condition that they make an investment…
It’s a good thing to have a full wallet. It’s even better if you have a healthy body. Walking or running to make money or earn rewards is not necessarily novel, but by incorporating blockchain and NFTs into the equation, the concept appears to be taking a new twist. With Step’n, a free mobile app available in various app stores, every daily outing, whether walking or running, has the potential to earn you money.
The Step’n project proposes rewarding users with two cryptocurrency tokens associated with the project: the GST (Green Satoshi Token) and the GMT (Green Satoshi Token) (Stepn, a governance token). In the app, the two tokens have several utility functions, including creating new sneakers, unlocking specific gems to improve your shoe, or simply reselling through traditional cryptocurrency channels. With the GMT governance token, users are also allowed to vote on the company’s future course of action, with two main options: purchasing carbon offsets (to continue producing tokens) or receiving dividends based on Step’n results.
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So, how exactly does it all work? The entire Step’n concept is based on shoes that take the form of NFTs, each with unique characteristics, a rarity system, and even levels. Users must choose between four types of shoes based on the nature of their movements: the Walker (between 1 and 6 km/h), the Jogger (between 4 and 10 km/h), the Runner (between 8 and 20 km/h), and the Trainer (between 1 and 20 km/h). However, depending on the shoes and their “energy” levels, users will be unable to use them for an extended period of time.
Each shoe has a unique set of characteristics in four categories: efficiency, luck, comfort, and resilience. Efficiency allows you to make the most of your time in order to earn more GST tokens, luck allows you to earn bonuses at the end of a walk or run, comfort increases GMT token earning, and resilience lowers the cost of repairing your shoes. That’s right, even the wear and tear on your shoes will be a factor to consider.
Depending on your budget and goals, the cheapest shoes are currently priced at 8.3 Solana (approximately $830 at the current exchange rate). The initial investment is thus substantial, though the phenomenon is currently benefiting from a moment in the spotlight. It has potential, but at this point, nothing can be guaranteed.
Step’n’s Twitter account said this week that a partnership with a sports event or a brand that used the app’s cryptocurrency was coming soon. In general, offering a monetary incentive for adopting a healthier lifestyle through walking or running may become more than a passing fad. It has already become a form of work for some.