It is the native token of the Step App protocol. It serves as a utility token where users burn it to convert FAT points to KCAL, the in-game token. FITFI is also a governance token in the decentralised protocol giving holders voting rights. Staking the FITFI gives access to SNEAK and AVATAR skins. It also provides a staking yield of up to 50% of NFT trading fees and discounts up to 2.5% royalty fee. Its mainnet will launch in Q3, 2022.
Briefly about Step App
Dharpan Radhawan, the current President of the Step App, developed the token with the help of a team. Team members include Kirill Volgin, Dmitry Gordeychuk, and Robert Vukosa. It is a celebrity-driven token that encourages physical fitness with quality athletes as its global fitness ambassadors. Users collect FAT points during walks and can burn their FITFI to convert FAT points to KCAL. The KCAL is the in-game token to acquire SNEAKS NFTs. The native token also issues rewards of up to 50% after staking. It is also a governance token for the protocol benefiting from the ecosystem fees.
Step App turns fitness goals into income, social joy and a friendly competition.CryptoLists.com
The Step App utilises the FITFI coin in a gamified fitness metaverse where users walk, jog, run, socialise, play, and earn. Players burn the coin to convert FAT points earned to KCAL. The utility token facilitates rewards in staking NFTs. Users can also earn app fees from the stake. They are equipped with SNEAKS as NFTs to activate these earnings from their fitness activities. They receive rewards of up to 50% of the tokens purchased by the market. It requires a 10-day cooldown to exit a stake. Failure to which stakers incur a 12% fee on the principal stake that heads to the DAO treasury. Tiered stakers receive discounts on the NFT market. Holders of the coin have voting rights on governance to burn up to 50% of the bought-back coins.
Utility of Step App?
Step App users collect FAT points and burn FITFI to convert to KCAL. Holders of the coin use it as a governance token in acquiring voting rights for administering the app. The utility token facilitates payments and rewards on the Step App. Users bet to be part of the Step App ecosystem share and acquire a price reduction when purchasing NFTs. The coin provides perpetual staking. Holders access various opportunities such as Drop Tickets, Lootboxes, sponsored SNEAK drops, yield, and other items. They also acquire discounts on the purchase of NFTs up to 2.5%.
Step App Price detailsAVAX Contract address: 0x714f020c54cc9d104b6f4f6998c63ce2a31d1888
›› FITFI tokenomics and social media
Advantages at Step App+ The decentralised move-to-earn concept earns users FITFI by walking, jogging & running.
+ It targets 10 million users and has over 4 million pre-signed.
+ FITFI improved features are an opportunity for those who missed StepN.
+ A specific roadmap that outlines the coin's project guiding it on course.
Disadvantages- Step App is relatively new hence challenging to establish its price trend.
- FITFI is not listed in many of the major exchanges such as Binance, but at least on Crypto.com
- The FITFI coin is yet to develop its whitepaper for in-depth project details.
- Step App has not yet launched its mainnet and NFT marketplace.
Costs▪ Rated at 9/10
There are no deposit fees. The withdrawal and trading fees range depending on the exchange. Other fees charged are during staking. Users have a 14-day cooldown period when staking. The coin has a 16% fee on early exit before the cooldown period. The DAO treasury receives it, and the token holders vote on its use. Runners can match up against each other using FITFI tokens at a fee of 2.5% on the winning pool.
Reputation and Buzz▪ Reputation rated at 8/10
▪ Buzz rated at 9/10
The FITFI coin has gained much buzz in the crypto industry as a decentralised move to earn token. It has amassed several admirers eager to earn as they walk, run, and jog. The coin is also building strategic relations with brands such as Global Titans. This has created a buzz with the coin's app expected to be the primary sponsor of boxing fights and develop and integrate boxing and MMA fans to utilise the coin's features. The perpetual staking feature of the coin enables access to every opportunity in the ecosystem which drives up the number of users. The drop ticket has increased the demand for the FITFI token. There is a rapid increase in the coin's wallets with over 50,000 addresses. Its ambition of 10 million users is motivating as it currently has over 4 million pre-signed users. It is on track on its roadmap with a Beta Launch in place as it targets a mainnet and NFT launches in Q3 2022. The highly experienced team also gathers confidence in the coin's project of becoming a Web 3 move to earn project.
What is the difference between Step App FITFI and StepN GMT?
The primary difference between these two altcoins is that users can stake FITFI tokens to earn several rewards. These include NFT Drop Tickets to Lootbox events, SNEAKS NFTs, Avatar skins, tags, and badges. STEPN GMT has well established itself in the market while FITFI token prepares its launch for perpetual staking.
How to buy the token?
The purchase process includes:
+Register on a Fiat to Crypto Exchange that suits you best
+Purchase USDT with Fiat currency
+Transfer the purchased USDT to an Altcoin exchange
+Deposit the USDT to the exchange and select it for trade
+Select the FITFI/USDT coin and buy the token
Where can I buy the FITFI token?
The token is available in the following popular exchanges:
What is the maximum supply of the coin?
The token has a total supply of 5 billion.
How can I try the app?
You can try the Step App here.