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Wagmi Journal ~3 min read preserved as written not financial advice

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Step App

Felt the growing urge to workout but don’t have the incentive to lock in the deal yet?

@StepApp_ inspires you to build and live a healthy lifestyle through the help of $FITFI token.

Founded on January 2022:

  • Kirill Volgin (CEO & ex CFO @zerion_io)

  • Dima Gordeychuk (CTO & Blockchain Lead $SIS)

  • Hatu Sheikh (Advisor & Co-Founder $DAO)

Project started as a fair launch – no VC rounds before the public sale.

On the intersection of the fitness ($100B) and GameFi ($200) industry,

Step is the first protocol to be built on $FITFI – blockchain focusing on the M2E industry.

In simple terms, Nike Run club but with rewards!

At launch, Step was hit with a major bottleneck, $GMT $GENE. Solving this issue, Step made the protocol’s SDK open source for devs to build on the Step Metaverse.

Into the app itself, Step is creating a huge metaverse to walk, jog, run, socialize, play, and earn. It is the embodiment of physical experiences in the metaverse – the peak of crypto adoption. 👀

UI/UX of the app is vibrant in immersive, social, and competitive experience.

Step is hosting an early sign-up to earn SNEAKs (here’s how):

  • Sign up through the website and verify your email

  • Download the app!

Step-nomics

  • Half of the market bought tokens are distributed to stakers

  • 10d cooldown on locking tokens with added benefits

  • Staked LP tokens get 50% more reward than usual!

  • Team will always buy back using half of the play income

  • Here, governance may vote to either burn or distribute those tokens

$FITFI

Usage: Governance

Distribution: Total Supply (5M) Mining/M2E (30%) Staking Liquidity (20%) Team (15%) Marketing (15%) Public Sale (14%) Partners (6%)

$KCAL

Usage: In-game utility

  • Running while staking $SNEAK NFTs earns KCAL

$SNEAK

Usage: NFT Reward

  • Mintable only by $KCAL

Gamenomics

M2E Income

  • Micro-tx: non-SNEAK purchase (map styles, skins, etc)

  • Staked Play: PvP (2.5% fee applies on winning pool)

  • Tournament: Compete step count. Winners get unique skins and a dedicated leaderboard. (requires ticket; Step takes 5% all accrued ticket fees)

NFT Income

  • Marketplace: 2.5% fee on all trades

  • Sales: Limited edition sneakers issued once/month

As of writing, @StepApp_ has attracted 132k through pre-signed users!

Roadmap of $FitFi

Q4 2021

  • Team Setup ✅

  • Project Ideation ✅

Q1 2022

  • Product Specs ✅

  • Roadmap ✅

  • Establishment UI/UX ✅

  • Creation ✅

Q2 2022

  • Genesis NFT ⏳

  • Beta Launch ⏳

Q3 2022

  • Mainnet Launch ⏳

  • NFT Market Launch ⏳

Q4 2022

  • IP and Branding ⏳

  • Partnerships ⏳

  • Store Integrations ⏳

Competitors

  • $GMT (SOL): web3’s lifestyle app, GameFi, fitness incentives, functioning GPS, future carbon neutrality

  • $GENE (SOL): similar to Pokemon Go but pets evolve as from your step data

  • $MOOV (ETH/BSC): AI-integrated remote P2P sports competition platform

  • $DOSE: GameFi heavy with Proof of Workout audio game