Step App Price (FITFI)

What Is Step App(FITFI)?

Step app is the first app on the Step Protocol, developed by their core team, that creates a gamified metaverse for the fitness economy. Allowing users to simply walk, jog, or run to socialize, play, and earn on its platform. Beyond their ecosystem's proprietary technology, the Step app is built upon a massive community of go-to users and fitness ambassadors.

What Are the Features of Step App(FITFI)?

Game Economy:

Play Income

• Micro-transaction: non-Sneak purchases such as map styles, character skins, Sneak skins, skins, etc. Purchase credit cards or crypto from the shop.
• Staked Play: Players can run against friends or match up against others. These competition runs can be done with staked governance tokens. 2.5% fee applies on the winning pool.
• Tournament Gaming: Players can compete their step count on a global and regional leaderboard. Tournament wins unlock unique skins and get a dedicated leaderboard. Participation in the tournament requires a ticket, purchases of which feed a prize pool, with the game taking 5% of all accrued ticket fees.

NFT Income

• NFT Marketplace: A 2.5% fee applies to all NFT trades on the in-app NFT marketplace.
• NFT Sales: Limited edition Sneaks are issued once a month.

Who Are the Founders of Step App(FITFI)?

The CEO of Step App is Kirill Volgin. He is the ex-CFO at zerion.io, and launched several projects in cryptospace such as Tokenary wallet (first NFT wallet and Safari extension). Before that time, he founded and ran a software development and venture studio company with 100+ successful cases

What Is FITFI Token?

Step App token economy includes staking, locks, liquidity incentives, buybacks, and burns. These are driven by demand drawn by both gameplay perks and value drawn from the game economy.

$FITFI is the governance token and gas token of Step Protocol and the utility token of the core FitFi experience. These benefit from ecosystem fees.

FITFI Token Value from Game Economy:

1. Buy-backs: 50% of play income is used to buy tokens on the market.
2. Burns: governance can vote to burn up to 50% of bought-back tokens.
3. Staking Rewards: up to 50% of market-bought tokens are distributed to stakers.
4. Locks: Staked tokens require a 10-day cooldown for exiting, and bypassing this cooldown carries a 12% fee on the principal stake.
5. Liquidity Incentives: LP tokens get a 50% higher weight in staking rewards.

FITFI Token Value in App:

1. Staking: staking tokens and LP tokens unlocks certain SNEAK and Avatar skins. Avatars are visible on the leaderboard, to friends, and on the public map.
2. Discounts: 2.5% royalty fee is charged on the trades of game NFTs, i.e. skins. This fee is discounted to 2% if the player is taking a minimum amount of game tokens.
3. Buy-backs: 50% of NFT trading fees are bought back on the market, which the DAO may vote to burn.
4. Staking Yield: Up to 50% of NFT trading fees are available as staking rewards.

Where Can I Buy FITFI Token?

Investing in FITFI Token can seem complicated, but it is much easier when you buy FITFI Token through a cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold FITFI Token — both for fiat money and other cryptocurrencies. Some of the most popular FITFI Token cryptocurrency exchanges are:

• OKX(OKEx)
• gate.io

Step App (FITFI) Community

• Twitter: https://twitter.com/stepapp_
• Discord: https://discord.com/invite/stepapp
• Telegram: https://t.me/stepappchat

What is Step App (FITFI) Contracts address?

• Avalanche C-Chain: 0x714f020C54cc9D104B6F4f6998C63ce2a31D1888