hey guys welcome back to our channel in today's video we are going to talk more about step app
this video is not a financial advice it is just for educational and entertainment purpose only
so please do your own research without further ado let's get into it all right so this is the
website of step app you can access it by going to step dot app this is the game
that you can use to earn an extra income have some fun have a friendly competition but also
at the same time maintain your fitness it is powered by leading technology in metawars
augmented reality and blockchain currently more than four million people have signed up
for this platform so that they can work on their fitness and also at the same time make some money
you can exercise you can play socialize earn and farm as well so over here you're gonna see a
snapshot of the app so this is the marketplace and these are all the sneakers that you can purchase
over here we have a little glimpse so for instance this one is known as trainer and you can also see
the speed the tokens that you can gain if you buy this particular sneaker once you buy your sneakers
what you're going to do is click start run and go out and take a walk on your streets on the nature
just have a nice run or a walk once you do that you will have the analytics that shows the
kilometers the steps the time and also the avax that you shall earn so it's a really nice game it
would actually motivate all the people out there who feel too lazy to go out and do some exercise
they can actually use this method and make some money while also maintaining their physical
health here's the roadmap of the company in the quarter 4 of 2021 the focus was on setting up the
team project ideation in quarter one the project specifics roadmap and establishment of ui and ux
took place and also the creation happened in quarter two the focus was on genesis nft beta
launch in quarter three the focus was on many at launch nft marketplace launch in quarter four they
will work on ip and brand partnership and various store integrations here is the team of the company
which is a good way to learn a bit more about the people working behind the project so we
have tarpan randhawa who's a president he has 20 years sports industry veteran he's an ex-svp he's
also in mclaren racing who today runs talesman he runs a team of senior commercial leaders from
manchester city los angeles and lakers with the offices in dubai singapore and shanghai
we have kirill walking who is an ex-cfo at zerion dot io he has launched various projects
in crypto space such as tokenary wallet which is the first nft wallet and safari extension
and he founded and ran a software and development and a venture studio company with more than 100
successful cases we have dmitry who is a head of blockchain at simvoices finance
he has five years of experience in blockchain development and d5 pioneer we have robert vukosa
who is a head of business development he has more than 10 years of experience in finance when it
comes to designing policies overseeing customer service implementing technology and solution
is a responsible leader with various skill sets to grow the business then we have a list of advisors
over here so we have hatha sheikh we have doin van gen bileman and melanie maher we have tim
inuwit and oliver bell as well the ambassador of the company is daniel ritchie who was a runner and
an accomplished shower he is a world champion in men's 800 meters 2013 he's a double world silver
medalist four-time world cup winner second time world cup series champion so step is a development
protocol which is based on fitness finance and this is what your sneakers would look like so
ever since nft has launched there has been various projects that have gathered a lot of attention
and the most popular one has been the dominance of game fi and metaverse products for as much as of
2021 so fitfi is a cross-section of making the physical and the digital it's more like
a combination of various physical experience so in this case it's fitness within the metaverse
through the use of the nfds and the location technology augmented reality is done so that you
can feel the experience a bit more immersive and it also adds an extra dimension to the steps fit
five metawars in this economy a participant would earn the value which is generated by
100 billion dollar fitness industry it's more like a web 3 version of digital fitness experience and
app so web2 allowed users to you know consume fitness content to create fitness content
and it kind of pushed the value generated from fitness content to the owners of those platforms
however game fi is more like a mix of that gaming is a 200 billion dollar market where people would
consume and create the benefit just for few people so web3 would allow everybody out there
to earn a piece of the market and basically make some more money and it kind of becomes a reality
with the development of game five industry and play-to-one games so fit fi and move
to earn are more like defining points in the beginning of this massive fitness market which
we are yet to explore and it's a great way for anybody out there to maintain their fitness to
get involved in it and also earn cryptocurrencies basically money out of it the good thing about
this platform is that they are running a fair system meaning rather than offering the tokens
to the vcs first everybody out there is given an equal and fair chance to join the tge event at the
same terms there have been various fitfi products previously launched such as step-in or genopaths
and they both have been built on their own native system so this kind of throttles the output
capacity of fitfi experiences it increases the development cost and it divides the fitness market
across various range of projects so step app is kind of addressing this issue and it is more like
an expense driver from the initiation the step protocol sdk will be used by third parties so
that they can build within the step metaverse and they're ready to deploy a geo location technology
and ft minting trading functions onboarding the users token mechanisms and many other necessary
features can be deployed like within a snap by any developer team or even a global brand who wants to
make a web3 fitfi app step app is the foundation of fitfi market since it's an early mover it also
ensures that the protocols and the associated sdk can become the industry form so if you want to get
started the first thing you need to do is download the app so the first app on the step protocol is
the step app so this app is designed to achieve various goals it wants to become a dominant in
the fit fi app from get go it wants to on ram mass of retail to the step methods it wants to
build a massive network for fitness influencers athletes as the global brand ambassadors of step
app and the underlying step protocol and metawars so you can walk jog run you can do all of that to
socialize play and earn and essentially step up is the next joint frontier in meta wars in game
5 markets and it is an embodiment of the physical experiences connected with the metawars you can
get this app so you can turn your fitness goals into a social experience that would pay you for
that you can build your step count by simply going for a walk jogging running to on you can compete
with your friends strangers you can socialize as well locally or globally and experience the meta
words and the physical world in a very dynamic way they are also conducting an early sign up campaign
that will allow the opportunity for you to earn a free sneak on nft so this initiative is helping
the app get thousands of followers and they have onboarded various athletes as their global
fitness ambassador for the app as well it's more like a crypto moment at the celebrities are kind
of proud to be a part of because of the positive social impact it would create by incentivizing the
people who participate in it the features so this app is immersive social and competitive experience
the purpose of this app is to captivate the masses out there that will experience the crypto for the
first time so user's meta was character would grow and evolve as they fulfill their fitness request
and player versus player match would also allow people to combine their fitness goal with the
social experiences and also you can earn the hitting fulfilling request and combining that
with your fitness goal with a really good income incentive so when it comes to gaming
economy we have play income so micro transactions so non-sneak purchases such as map style character
skins sneak skins and you can purchase in cards and crypto from the shops as well
then we have staked play so players out there can run against friends they can match up
against other people as well and this competition can be done with the staked governance token and
2.5 percent would be applied to the winning pool then we have tournament gaming so players
over here would compete on their step count on a global and more like a regional leader board and
the tournament wins unlock unique skins and get a dedicated leader board as well if you participate
in it you need a ticket for that and when you make a purchase from that the amount would be
funded to a price full with the game taking like five percent of the ticket fees next we have the
nft marketplace so a 2.5 fee would be applied to all the nft trades on the in-app nfc marketplace
and there will be limited edition sneaks that will be issued once a month now let's talk about fit
fi token value from the game economy so we have buybacks so 50 of the play income will be used
to buy tokens on the market and the governance can also work to burn up to 50 percent of the
brought back tokens there will be sticking rewards so up to 50 percent of market broad tokens will be
distributed to the stakers out there there will be locks so staked tokens would require 10-day
cooldown uh for existing and bypassing their cooldown which would carry a 12 percent fee
on their staked amount next we have liquidity incentives liquidity so lp tokens would get a 50
higher weight when it comes to staking rewards now let's talk about token value in the app sticking
tokens and lp token would unlock a certain sneaker or an after skin and after us would be visible
on the leaderboard so your friends and family members can see it as well and there will be 2.5
royalty fee which would be charged to any trades of the game of the nft that is skins and the fee
is discounted to 2 percent if the player is taking like a minimum amount of game tokens
and 50 percent of the trading fees would be bought back onto the market
which the dow may want to burn and we would have staking return as well up to 50 of nft trading
fees will be available as is taking rewards so kcal token value would come from the game economy
so sneaks can only be minted using the kcal token and running whilst taking sneak nft would earn
kcal and all the sneaks must be staked to on kcal as well and the earn kcal will be issued
in epochs for 10 days and if you are unstaking before your kcal is claimed it burns the pending
kcal as well when it comes to token distribution 30 percent would be kept for mining 20 percent
would be kept for staking 15 percent would be kept 14 14 for public sale 15 percent for market
acquisition six percent for partners and in overall this is the total supply of tokens
the platform would have so they have a dashboard that offers really interesting perpetual sticking
options over here you stake once and you get access to any opportunities that come
so loot box yields sponsored sneak drops pretty much everything else would start here
the sticking campaigns began with loot boxes and rather than selling the first nft to the community
they will maintain a community-centric approach and offer these for free of course to the early
adopters out there so you have to stake dollar fitfi you can earn drop tickets and for every 100
fit five dollar stake per 24 hour you'll earn one dt and at the end of loot box event snapshot would
take place and a lottery would take place loot boxes would be awarded and you would get bonus
drop tickets for highest stakes but no single addresses out there can win more than five loot
box so that is one thing to note and loot boxes would contain sneak skins and after badges or tax
and the probability of a loot box giving a sneak is 35 and loot box events can also be followed
by different events uh you know brand drops and other opportunities out there and this taking is
flexible so there is no lock up required you can leave it whenever you like and sticking does have
like a short cool down period of 14 days meaning you kind of have to uh wait for 14 days once you
exit and anybody who wants to like immediately and stay can do as well so that would skip the 14 days
of cooldown the penalty is just 16 percent if you want to go ahead with that and when you click try
app you can see what the app shall look like so over here we have different sneakers that you
can use in this platform i'm gonna click go to app just to give you a sneak peek about what to expect
and when you click go to app you will come to this page where you have to enter the email address
follow the prompts to experience the app in more reality and we also have this sticking
platform over here where you can connect to your metamask wallet or a wallet connect to see how
that goes and this is the twitter page of step dot app currently they have a following of 188.7k
members which is really cool and over here they make regular updates about new stuff happening in
the project so that's really good overall i really like the idea of this project of bringing fitness
and cryptocurrency world and blockchain together it's quite futuristic so i'm really excited to see
how that performs all the links are mentioned in the description box below please don't forget to
hit the like comment and subscribe and i shall see you guys in my next one till then take care bye