$228.88 M $228881021.6Market Cap
StepN is a play-to-earn lifestyle simulation application with built-in game-fi elements where players can own NFT sneakers and earn GST and GMT tokens on the Solana and Binance Smart Chain networks. The game is based on the daily activity of the players. Players can equip sneakers and start moving with their devices to earn tokens. The game is available to play on mobile platforms.
StepN allows players to gamify their daily activities. Players need to download the application to their mobile devices and sign in with their wallets. Owning an NFT sneaker is required to start playing. The solo game mode is where players can start earning GST and GMT tokens by moving. Moving generates energy, one energy point is equal to five minutes of movement. The amount of tokens earned is based on four different factors; the type of sneaker, the sneaker’s efficiency attribute, the sneaker’s comfort attribute, and the speed of movement. Mystery boxes can drop while moving, they can be opened upon spending an amount of GST and can reward great prizes. There is also a background mode that operates even if the application is off, it will count the steps from a health data app on the mobile devices, which allows the players who own a sneaker to earn slowly.
Marathon mode allows players to participate in weekly and monthly events where the participants are required to complete 2.5 km, 5 km, 7.5 km, 10 km, and 15 km marathons. These events have a registration fee to ensure commitment from players, which is refunded at the completion of the event. The points earned are calculated by the players’ running speed and sneaker attributes. Players who rank highly will be featured on a leaderboard of the respective marathons.
Sneakers have four attributes; efficiency (which affects GST earnings), luck (which affects mystery box drops), comfort (which affects GMT earnings), and resilience (durability). There are four different sneaker types; walker, jogger, runner, and trainer. These types have different optimal speeds to suit the players' needs except trainer sneakers. They can be used in all speed intervals but have less optimal gains than others. Sneakers can be one of the five qualities; common, uncommon, rare, epic, and legendary. The higher the quality, the higher the repair cost will be. Sneakers gain levels with usage, players can increase their attributes with each level. Certain level milestones unlock shoe-minting, sneaker leasing options and new gem sockets. Gems are upgrade items that boost the attributes of a sneaker when equipped.
GST tokens have an unlimited supply, and they are earned when a player moves in solo or background modes. GMT tokens can only be earned after sneakers reach level thirty. They also act as governance tokens that allow voting.
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