Updated: Apr 28, 2022
What Is STEPN?
STEPN is a Solanium blockchain-based NFT game app focused on healthy lifestyle control, with Game-Fi and Social-Fi elements. The user receives an NFT token in the form of a trainer and can then earn in-game currency by running and walking outdoors. The funds earned can either be used to increase earnings in the app or can be withdrawn and sold.
The game is being developed by FindSatoshi Lab, known for its work on cryptocurrency wallet Solwallet.
STEPN is now one of the most popular and dynamic NFT games of its class. The GMT control token is priced at £1.76 with a capitalization of £1,056,070,187. In April 2022, the STEPN team received a strategic investment from the venture capital arm of Binance. On the back of this news, the value of the GMT token rose to £2.0739.
Should You Pay Attention to This Game?
STEPN is the kind of game that allows you to earn money while taking care of your health. The entry threshold into the game is quite high. To start playing, you need to buy an NFT item, which costs between 2.5 and 10 SOL, or between £243 and £972. According to the developers, the investment pays for itself in two to three weeks after you start using the app. In fact, if you lead a fairly active lifestyle, it will happen sooner. Thereafter, you can start earning. This project is really worth paying attention to.
GMT and GST tokens
here are two types of tokens available to players in STEPN. GMT is a management token that allows users to increase their income. GST is an in-game token that users receive for in-game activity.
How to Play-to-Earn in STEPN? Only one mode is currently available in the STEPN app, the solo mode. Marathon and background modes are in development. In solo mode, users receive GST tokens as a reward for moving in the real world. This consumes virtual energy — 1 unit per 5 minutes of movement. All of these processes are only triggered after the purchase of NFT trainers. If the energy is at zero, no tokens are earned. GST tokens, and subsequently GMT, will be paid depending on the following factors:
The level and attributes of trainers. The more efficient ones cost more. Notably, at levels 0-29 users can only earn GST, and from level 30 onwards they can switch to earning GMT if they wish.
Trainer comfort parameter. The higher it is, the more tokens are earned every minute.
Running Speed. It is necessary to maintain the recommended speed range for the trainer. If you deviate too much from it, the earnings will be reduced by up to 90%.
As soon as you run out of energy, earnings stop. Then you can manually exit solo mode with the Stop button.
How to start playing?
Step 1 — Downloading the app
First, you have to install the app on your smartphone. Depending on the model of your phone, you can do this either from the App Store or from Google Play.
Step 2 — Creating an account
After launching the app, you will need to enter your email address, to which you will receive a registration confirmation code. Enter your email address and press the “Send Code” button. A code will be sent to your email address, and you will need to enter it in the corresponding field.
You then need to obtain an application activation code. To obtain the activation code, register in the STEPN community on one of the social networks. Click on the "Get activation code" button.
Choose the social network that suits you best, and proceed according to the on-screen prompts. Once you have received the activation code, the main application screen will open.
Step 3 — Creating a cryptocurrency wallet
After you have entered your activation code, the app will open and the tutorial will start. Several screens will explain to you how to use the app.
You then need to create a crypto wallet in the app. Click on the wallet image in the top-right corner of the app. This will start the process of creating a crypto wallet, which will literally take a couple of minutes. While creating the wallet, you will be shown a secret phrase that you need to write down and keep in a safe place. Once the crypto wallet has been created, you will be taken back to the main application screen.
Step 4 — Starting the game
As you can see in the top-right corner, the token column shows zeros. To start the game, you need to deposit SOL tokens into your cryptocurrency account, in the amount that will allow you to purchase an NFT token in the form of a sneaker.
Tokens are purchased in the shop. After buying the sneakers, wait until 25% of the energy has accumulated (approximately 6 hours) and then start the game.
You can find out more about STEPN gameplay by watching the video below:
The STEPN development team includes experts from all over the world. The leading members of the Stepn team:
Whitepaper The developers at FindSatoshi Lab take their product very seriously. Detailed documentation of the project can be found at this link.
Disclaimer Play-and-earn games can be highly risky due to price volatility. It is worth remembering that the tokens used by STEPN are not only in-game currency, but also cryptocurrency traded on an exchange. This type of investment requires a balanced approach. Gamers' investment in the game could suffer. We do not encourage you to invest your money in such products, and we are not responsible for any money lost. All investments you make are at your own risk.
FAQ Is STEPN a pyramid scheme? STEPN is one of the most popular games on the Solana blockchain and is supported by leading companies associated with the blockchain. So this project is not a pyramid scheme. Can STEPN be hacked? STEPN takes the security of its product very seriously and to date not a single attempt at hacking has been registered. Is STEPN a scam in the UK? STEPN is not a scam. The game is legal in the UK.
Conclusion STEPN is the kind of game that allows you to make money while taking care of your health. The game has a very high entry threshold, currently ranging from £243 to £972. However, the return on investment is quick and is in the region of two weeks. The game itself is constantly evolving, and new features are being added all the time. STEPN has a large and friendly community and if you require any further assistance you can expect a fast and accurate answer.