May 25, 2022

STEPN NFT Move-to-Earn: What Is, How to Move and Earn Money

Genre

Sport App

Platform

  • IOS
  • Android

Blockchain

  • Solana
  • BSC

Crypto

Yes

NFT

Yes

Gameplay

Walking

and

running

Reward

Token GST

Fun

Exercise and

earn money

What Is STEPN?

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 The funds earned can either be used to increase earnings in the app or can be withdrawn and sold.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.

Token name

ROI USD

Market Cap

STEPN  (GMT)

231x

£1,056,070,187

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.

Advantages and Disadvantages of STEPN

Advantages

Disadvantages

  • Available on  iOS and Android
  • The Play-to-Earn system
  • One of the most popular NFT games
  • Opportunity to earn cryptocurrency legally
  • The registration process is too complex
  • To start playing, you need to buy an NFT item

GMT and GST tokens

GMT and GST tokens

There 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.

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How to start playing?

Downloading the app

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.

Creating an account

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.

Activation Code

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.

STEPN community

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.

 Creating a crypto wallet and starting the game

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.

Create a new wallet

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.

Starting the game

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.

Sneakers

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.

STEPN activation code

STEPN is an invitation-only game. That means you need an invitation to start playing the game. The invitation in STEPN is an activation code. There are several ways to get an activation code:

  • Get a code in a STEPN group on Discord
  • Use STEPN social networks
  • Buy a code from another user
  • Ask a friend for a code

For more details on what a STEPN activation code is and how to get one, please read our article.

Sneakers selection

Before you buy sneakers in STEPN, download the app and run for 10 minutes in running mode without sneakers. This is so that you can find the right type of sneaker for you. Read more…

You can find out more about STEPN gameplay by watching the video below:

STEPN Energy

Energy plays an important role in STEPN. The amount of energy determines how many tokens you earn. Only when you have energy will you be rewarded for walking and running. As soon as you run out of energy, you will immediately run out of tokens to earn in the game. There are many ways to increase the amount of energy. You can find out more about this in a separate article on our website.

STEPN Reviews

STEPN is rapidly gaining popularity. We surveyed users of the app and offer their feedback:

“Everything changed radically after I became friends with the STEPN app.”:


“My relationship with sport has always been difficult. Every morning I planned to go for a run, but could never seem to pull myself together. Everything changed radically after I became friends with the STEPN app. I got the simplest trainers, but I'm so into it that I think I'll be buying a second pair soon.” Alice S., London.

“Paid off in about a month (29 days)”:


“I'll tell you as someone who's been on the project for over a month and has 3 sneakers. Currently, I am both walking and minting new sneakers. I get about £100 a day net. Paid off in about a month (29 days). Now the project has signed a partnership agreement with Asics, on the way Adidas. This means that STEPN can be trusted.” David M., London.

“This app is a revolution in the fitness world”:


“Started running in the morning every day, I couldn't bring myself to do it before. The incentive to earn money by taking care of my health has done its job. In addition, I am joining the Web 3.0 culture. This app is a revolution in the fitness world.” Garry R., Liverpool.

STEPN Team

The STEPN development team includes experts from all over the world. The leading members of the Stepn team:

Jerry Huang — Co-Founder

Linked In

Jessica Duan — CSO

Linked In 

Whitepaper

The developers at FindSatoshi Lab take their product very seriously. Detailed documentation of the project can be found at this link.

Is STEPN legit

STEPN is one of the most popular projects based on the Solana blockchain. The project is supported by most of the companies most closely associated with the Solana blockchain. The developers of STEPN collaborate with major sports shoe manufacturers, such as Asics. The project's activity is absolutely transparent, anyone can read about the developers' plans for further development of STEPN. So it is safe to say that STEPN is a legal project.

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.

How does STEPN work

To get started with STEPN, you must download the application to your smartphone. Then, following the on-screen instructions, you will need to create an account and receive an activation code. You will be able to use the app fully once you have purchased your sneakers in the internal shop. Choose your sneakers based on your abilities. Once you have purchased the sneakers, start walking or running, and you will start earning immediately.

How does STEPN make money

There are several ways of earning money in the STEPN app. The easiest is to walk or run in sneakers. You can also mint sneakers and then resell them, which also allows you to earn money.

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.

The only downside of the project is the complicated registration process that can put newcomers off.

Thank you so much for reading!

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Jack Evans


I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments.
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