Step App

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Discover Step App's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Step App?

Step App (FITFI) is a cryptocurrency project that combines fitness and finance through its "Move-to-Earn" program. Users earn FITFI tokens by engaging in physical activities, which can be redeemed for rewards, traded on exchanges, or used within the app. The tokens have utility both inside and outside the app, allowing users to monetize their fitness achievements while promoting healthier habits.

How is Step App used?

The crypto Step App (FITFI) is used in various ways within the Step ecosystem. It serves as the governance token, allowing holders to have a voice in the decisions that affect the community by voting on proposed alterations to the ecosystem. Additionally, FITFI can be used within the app to purchase various Booster Items. Users can acquire FITFI by enrolling in the program, buying it on cryptocurrency exchanges like Gate.io, or through staking rewards.

How do I store Step App?

To store Step App (FITFI) tokens, you need to choose a suitable wallet. Here are some steps to follow:

  1. Select a Wallet: You can use a variety of wallets to store your FITFI tokens. Some popular options include MetaMask, which can be connected to a Web Wallet, and other wallets that support the Step Network.

  2. Connect Your Wallet: Open the Staking Page and connect your chosen wallet, such as MetaMask, using the Wallet Connect feature. You might need to switch to the Step Network.

  3. Transfer Tokens: Transfer your FITFI tokens from your external wallet to your in-app Spending Wallet. This allows you to manage and stake your tokens within the Step App ecosystem.

By following these steps, you can securely store and manage your FITFI tokens.

How to buy Step App?

To buy Step App (FITFI) tokens, follow these steps:

  1. Choose a Centralized Exchange (CEX):

    • Gate.io: The most popular exchange to buy and trade Step App, with the active trading pair FITFI/USDT having a trading volume of $173,989.24 in the last 24 hours.
    • OKX: Another popular option to buy and trade Step App.
    • Bithumb: Also listed as a popular exchange for Step App.
    • KuCoin: Offers a safe and easy way to buy Step App instantly, with a variety of payment options.
    • Kriptomat: Allows you to buy Step App with a credit/debit card in three simple steps: create and verify your account, add funds, and buy Step App.
  2. Create an Account:

    • Gate.io: Register on Gate.io and set up your account.
    • KuCoin: Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password.
    • Kriptomat: Sign up with Google, Apple, or enter your name and email, and verify your email, phone number, and identity.
  3. Add Funds:

  • KuCoin: Add a credit/debit card or bank account after verifying your KuCoin account.
  • Kriptomat: Make a bank deposit or use your credit card to add funds.
  1. Buy Step App:

    • Gate.io: Use your added funds to buy Step App on the exchange.
    • KuCoin: Transfer your crypto to a KuCoin Trading Account, find the desired Step App trading pairs, and place an order to exchange your existing crypto for Step App.
    • Kriptomat: Click on the Kriptomat icon, select "Buy", choose Step App, enter the amount, preview the transaction, and confirm your purchase.
  2. Store Your Tokens:

    • KuCoin: You can store your Step App tokens in your KuCoin account, which provides quick access to trading products.

Remember to always follow the specific instructions for each exchange and ensure you understand the associated risks before making any investment decisions.

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History of Step App

Step App (FITFI) is a cryptocurrency project that combines fitness and blockchain technology. The project was launched in Q4 2021 and is built on the Avalanche blockchain, which uses a proof-of-stake (PoS) consensus mechanism for security. The app's functionality is designed to encourage users to engage in daily physical activity and regular exercise by offering rewards in the form of tokens and NFTs.

The project's governance token, FITFI, is named after the concept of Fitness Finance (FitFi), which is a market economy model similar to GameFi. FITFI holders have governance powers, allowing them to vote on proposed changes to the ecosystem. The token can also be used to purchase in-app items and has been listed on various cryptocurrency exchanges since May 2022.

Step App made its debut in April 2022 and has been operating on both its own ecosystem and the Avalanche blockchain since its launch. The project is led by a team of seasoned professionals from the blockchain industry, including CEO Kirill Volgin, who was previously the CFO of Zerion, a trusted multi-chain wallet for Web 3.0. The team has also partnered with world-renowned sprinter Usain Bolt to promote the app globally.

The app's Move-to-Earn (M2E) model rewards users for achieving fitness milestones, converting physical activity into tokens with real-world value. Users can download the app, create an account, and sync it with their phone's health app to track their steps and earn tokens. The project also includes a decentralized exchange (DEX) called Step EX, which integrates with the Step SDK for rapid development and launch of apps built on Step technology.

Overall, Step App (FITFI) is a unique project that combines fitness and blockchain technology to create a rewarding experience for users.

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How Step App works

Step App, a Fitness Finance (FitFi) application, combines fitness and blockchain technology to create a unique user experience. Here's how it works:

User Experience
  • Registration and Onboarding: Users can register on the platform with their email address and receive SNEAK NFTs as a welcome gift. The app is available for both iOS and Android users.

  • Fitness Tracking: The app tracks users' physical activities such as walking, running, and exercising, converting these activities into tokens with real-world value. Users can sync the app with their phone's health app to automatically track their steps.

  • Token Earning: Users earn KCAL tokens by engaging in physical activities. These tokens can be used to mint new SNEAK NFTs or exchanged for other tokens like ETH or USDT.

  • Governance: The FITFI token serves as the governance token, allowing holders to vote on proposed alterations to the ecosystem. FITFI can also be used to purchase various Booster Items within the app.

  • Marketplace and Trading: Step App has a built-in decentralized exchange (DEX) called Step EX, which allows users to trade tokens and participate in liquidity mining campaigns. The native token of Step EX is SPEX.

Key Features
  • Move-to-Earn (M2E) Model: Step App rewards users for achieving fitness milestones, turning physical activity into tokens with real-world value.

  • NFTs and Marketplace: Users can mint, trade, and create NFTs, and participate in quests and PvP challenges to build value on the blockchain.

  • Staking and Passive Income: Users can stake their FITFI tokens to receive passive income.

  • Partnerships and Collaborations: Step App has partnered with notable figures like Usain Bolt and hundreds of global brands, offering discounts and enhanced deals on various services and products.
Technology and Infrastructure
  • Blockchain: Step App operates on both its own ecosystem and the Avalanche blockchain, ensuring a secure and tested technical infrastructure.

  • Decentralized Exchange: Step EX integrates with the Step SDK, allowing for rapid development and launch of apps built on Step technology.

  • Token Economy: The FITFI token is the governance token, while KCAL tokens are the internal currency for earnings within the app. SPEX is the native token of Step EX.

Overall, Step App offers a comprehensive platform that combines fitness, blockchain, and gaming elements to create a unique and engaging experience for users.

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Step App's strengths

The token Step App (FITFI) has several strengths:

  • Incentivizing Fitness: FITFI tokens are earned through physical activities like walking, jogging, or yoga, promoting a healthier lifestyle while providing a financial reward.
  • Gamification and Social Interaction: The app includes gamification elements like leveling up, unlocking achievements, and competing in PvP challenges, making fitness more engaging and fun.
  • Dual-Token Economy: Step App has a dual-token economy, with FITFI as the governance token and KCAL as the in-game token, allowing for diverse use cases and rewards.
  • Staking and Liquidity Rewards: The platform allocates a significant portion of the total FITFI token supply to staking and liquidity, providing users with opportunities to earn higher rewards.
  • Governance Powers: FITFI token holders have governance powers, allowing them to vote on project decisions and contribute to the platform's development.
  • Utility Inside and Outside the App: FITFI tokens can be redeemed for fitness-related services, goods, and vouchers within the app, and they can also be traded on exchanges or used as payment for other products and services outside the app.
  • Growing Ecosystem: The app is part of a larger ecosystem that includes NFTs, augmented reality features, and a marketplace, providing users with a comprehensive and immersive experience.

Step App's risks

Step App (FITFI) carries financial risks associated with investing in a cryptocurrency. These risks include market volatility, liquidity concerns, and the potential for substantial financial loss, particularly when engaging in leverage trading. The use of leverage can amplify both gains and losses, making it essential for investors to thoroughly understand the risks involved and maintain disciplined investment habits.

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Did Step App raise funds?

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Step App’s team

  • Kirill Volgin: CEO of Step App, previously the CFO of Zerion, a trusted multi-chain wallet for Web 3.0.
  • Reynald Alpajando, MBA: Innovator/Sales Engineer and Senior QEHS at Step App.
  • Vladislav Solyannikov: Team member at Step App.
  • Dharpan Randhawa: Sports industry veteran and advisor for brand partnerships and athlete brand ambassador collaborations.
  • Hatu Sheikh: Co-founder of DAO Maker, advisor for token utilities and marketing.
  • Jens Willemen: Advisor for crypto market making strategy.
  • Tim Innvutt: Co-founder of BTC Inc and Zerion, advisor for networking.

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