z0d Game Review: You can Move to Earn with STEPN
Move to Earn (M2E):
M2E is a new concept that allows users to earn money while doing regular physical activities. Move-to-earn gamification is similar to play-to-earn in that players control all of their in-game assets, which can be traded for crypto or fiat money according to their terms.
What is STEPN?
STEPN is the winner of the Solana Ignition Hackathon Gaming Track. It is one of the first apps to run Web3 and combines it with social elements in a game that’s both fun and healthy and applies the M2E concept after Genopet.
This concept is revolutionary especially if you are a gym enthusiast. Many reviews say that they can earn $10-$40 a day on average. Which is quite a good amount of money especially if you live in a less-privileged area.
STEPN is a green project that concerns climate change. A portion of STEPN’s profit goes to buy carbon removal on the blockchain to combat climate change.
How can you start playing STEPN?
- Download your App, for iOs download it here, or if you use Android download your app here
- Sign Up
- Due to a lot of demand, you need to get an activation code. STEPN limits 1000 invites from their discord and telegram channel respectively. Or, you can get it from other users as well by hunting it through STEPN Facebook Community, Twitter, or maybe ask your friend who is already joining STEPN that has already spent at least 5 energy.
- Create STEPN in-app Wallet and transfer $SOL into it
- You must have a STEPN sneaker in an NFT form
- Choose Your Sneaker, STEPN has the in-APP marketplace
- Equip the sneakers and move by choosing to start! On the top of the screen, users should see the status Walking or Running.
- You can also trade your sneakers or level it up!
Game Modes
Solo Mode:
Users in Solo Mode need to have NFT Sneakers and must move to gain STEPN native tokens. Green Satoshi Tokens (GST) is the native token. It requires energy to earn GST. Every 1 Energy equals 5 minutes of move&earn movement, with Energy recharging only once users purchase an NFT Sneaker.
If the app detects that you are moonwalking, you will not receive a GST token. Moonwalking is when the app detects weak signals and detects unusual movement like using a scooter or any transportation/tools to move.
You can also loot the Mystery box which can reward you with Gems. Each user has 4 mystery box slots.
Future Development:
There will be another way to earn by STEPN which is by walk2earn. In solo mode, you are limited by a time and cannot walk although in the future there will be a Background mode in which STEPN can detect your daily steps and can get rewarded if you achieve targeted steps. You don’t need any energy or durability costs in the background mode
Marathon mode is also what will be the future. There will be a marathon event held every week and month and % of the leaderboard will get rewarded a certain amount of $GST
About the NFT Sneakers
Sneakers Attribute
Efficiency: Having a higher Efficiency Attribute will result in better GST earnings per Energy spent.
Resilience: Your shoes can be worn out. If it does you need to repair it and there will be a durability cost for it. As a user moves, durability will decrease. Each Sneaker has 100 durability points at maximum. Sneakers receive a “worn-out” penalty at 2 durability touchpoints:
At 50/100 durability, sneaker efficiency drops to 90%
At 20/100 durability, sneaker efficiency drops to 10%
Luck: 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: You can earn more tokens if you have this attribute
Although for newbies I suggest you focus on Efficiency and resilience attributes when you pick your first sneakers
Sneakers Type
How to Choose Rarity of the NFT Sneakers
Upon choosing your sneakers you must also consider the tier and number of attributes it may consist. Here is the tiering table
Level Up
There are 30 levels and on every level, you go up. On level 30 you will get to choose to earn GMT (Green Metaverse Token) or GST. GMT is also a STEPN token and will be discussed more on the Tokenomics.
Your sneakers will also gain additional attribute points from 4 to 12 additional attribute points according to their sneakers' quality tier and when you level up you need to burn either GST or GMT.
Understanding Gems, Socket, and badges
You can get gems when you loot the mystery box. Gem has colors and it represents attributes that can fit into your sneaker socket. When you fit your gems into your sneaker socket then you can upgrade your attributes.
- Yellow: Efficiency
- Blue: Luck
- Red: Comfort
- Purple: Resilience
Although you can only unlock your sneaker socket after you reach some certain level. You will unlock your first socket if you have already reached level 5 and will unlock every socket when you reach level 20.
If you complete some tasks you will also earn badges and will get some perks like extra energy and lower minting cost.
Tokenomics
You buy your NFT Sneakers using $SOL although the game token is actually $GST and $GMT for the governance token as stated on the whitepaper. The STEPN ecosystem runs on a dual-token economy model which is mainly due to the need for fundraising and utility.
However, if you play the game or interact with the ecosystem in any way, you will realize that this is not entirely accurate. GST and GMT tokens are employed extensively.
GST has an infinite supply, while GMT was created at the Token Generation Event (TGE) with a 6B token total supply.
Users will receive 30% of the total GMT through move2earn and Governance participation. Just like Bitcoin, GMT is deflationary, the total release of GMT will be halved every three years to ensure the STEPN project’s long-term viability.
To attract more investors, token supply is important. Therefore to control the total supply and ensure the stability of $GST and $GMT, STEPN is designed with plenty of burn mechanisms. This includes upgrading your game assets, minting, trading assets, unlocking gem sockets, and repairing shoes.
GMT Distribution and Token Details:
Have a total supply of 6,000,000,000 with 600,000,000 circulating supply.
The distribution of GMT:
- Move and Earn: 30%
- Ecosystem and treasury: 30%
- Private sale: 16.3%
- Launchpad sale: 7%
- Team :14.2%
- Advisors: 2.5%
GST Distribution and Token Details:
Have an infinite total supply with a circulating supply of 3,597,242.47.
The distribution is similar to GMT:
- Move and Earn: 30%
- Ecosystem and treasury: 30%
- Private sale: 16.3%
- Launchpad sale: 7%
- Team :14.2%
- Advisors: 2.5%
Summary
STEPN is the type of game where you can gain money while also looking after your health, it’s one of the projects that popularize the M2E concept. The project itself is backed with Solana which eliminates the doubt of many if it is a scam project or if the project is a Ponzi like many accusations on any other p2e games. The game’s entry fee is quite hefty, ranging from £243 to £972 which quite makes it a barrier.
Although it is sustainable and why is it not a Ponzi?
Many P2E games are shitty and could be said to use the Ponzi scheme. STEPN on their medium post already anticipate this accusation and also give feedback to all P2E ecosystem on how to prevent the Ponzi
To create a sustainable non-Ponzi you need to create a balance between supply and demand. The demand must be higher than the supply to create more value and sustainability. So how does STEPN manage to do this?
- Liquidity pool upon launch: although it’s not enough and sustainable
- Incentivize players to either spend (burn) or hold their tokens
- Attracting more players and retaining: Creating demand by making a fun gaming ecosystem that has milestones long enough to reach the end goal. STEPN creates a fresh concept of M2E that integrates GameFi and SociaFi which engages the community and creates different ways to earn. It also creates a game that is not easy to achieve in the end. If you manage to create this kind of game then it will make users stay longer and cash out
- Spending Mechanics: In-game purchases will get the money flowing. Users need to pay for NFT sneakers, repairing shoes, energy, etc.
- Create partnership: STEPN successfully creates a partnership with ASICS. More partnerships should be made to create more spending mechanics and tap into shoemaker communities
Social Media
Co Founder’s Twitter:
Website | Discord | Twitter | Medium
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