The ecosystem uses the Binance Smart Chain to deploy the STEP token. Through the move-to-earn mobile app, users can earn up to $10 paid out in STEP cryptocurrency in daily rewards. It can be staked on the application's platform. The token can be purchased from various decentralized exchanges as well as via the walkwithstep.io website. Owners of the token get rewarded parallel to the company's growth, are allowed to create and sell NFTs, and can buy merchandise from the app's shop which offers worldwide shipping. Its users can also sell or swap the tokens for other cryptocurrencies and cash out to acquire fiat money in their respective bank accounts.
A Bit About Step®
Jerry Huang and Yawn Rong co-founded the app with the token to encourage people to adopt a healthy lifestyle through exercising while providing them with incentives. It is deployed on the Binance Smart Chain (BSC BEP-20), a scalable and secure network that offers fast and low-cost transactions. Owners of the Binance Smart Chain wallet address can store the tokens. To be eligible for rewards, users must have a minimum of 22,000 tokens or 1 Step NFT in their wallets. It can be purchased from the platform's website or the several exchanges listing it. Step NFTs and Cards can be used as reward alternatives for users who do not wish to purchase the tokens. These cards can be bought or minted by Step tokens on the minting website and then resold on the OpenSea marketplace. Minting occurs on the Ethereum Network. The STEP token is staked to generate more incentives for users using the Proof of Stake consensus mechanism to validate and secure transactions without third-party involvement. Staking generates additional rewards for users, separate from those earned for walking with the installed app.
Get ready to aweat with the latest move to earn tokenCryptoLists.com
It is a staking-enabled cryptocurrency native to the mobile app ecosystem that uniquely promotes fitness by simply paying users for exercising and staying healthy. Users walk and get fit while earning rewards as BNB for an eligible minimum of 4000 steps and a maximum of 30,000 steps per day. There is a finite supply of the token in its operating ecosystem, having a maximum supply of one billion deployed on the Binance Smart Chain blockchain. This BEP-20 token is smart contract enabled and has massive throughput allowing for high-speed and low-cost transactions. STEP tokens are safely stored in Binance Smart Chain wallets. Users can choose to stake their tokens and earn crypto by simply holding the token in their wallets. It uses Proof-of-Work for validation of its transactions. It also supports manual and automatic compounding to provide users with the best annual percentage yield (APY) from their staking.
Utility of Step®?
The Step cryptocurrency is offered to users as a reward for their commitment to a healthy lifestyle through fitness regimens.
The Step token is listed on various exchanges to facilitate seamless trading. They can be sold or swapped for other cryptocurrencies and cashed out to get fiat money. A Binance Smart Chain wallet can be used for storing Step tokens and for users to get rewarded, they need a minimum of 22,000 Step tokens in their respective wallets.
Step® Price detailsBSC Contract address: 0x465707181ACba42Ed01268A33f0507e320a154bD
›› Details & Tokenomics
Advantages of Step®+ Users earn passive income through staking Step®.
+ No token lock mechanism thus allowing users to withdraw staked tokens.
+ Users incur low transaction charges.
+ Step® is listed on a few reputable crypto exchanges.
+ The token promotes a healthy lifestyle with its move to earn model.
Disadvantages- A cap on the maximum number of rewarded steps of 30,000 steps.
- The set minimum tokens required for rewards eligibility is pretty high.
- It's listed on only a couple of crypto exchanges.
- Step® is not a major coin and has a low turnover.
- The token currently has a low value.
Costs▪ Rated at 7.3/10
It is deployed on Binance Smart Chain (BSC BEP-20). It charges a 10% transaction tax on buying or selling the STEP tokens. This translates to around $0.15 per transaction.
A 1% fee is charged on withdrawal of Staked tokens if done before 72 hours and a 5% fee on profits earned. The ecosystem has access to the gas-free marketplace OpenSea where minted cards (NFTs) can be sold or purchased.
Reputation and Buzz▪ Reputation rated at 7.6/10
▪ Buzz rated at 7.5/10
It has amassed a large following since its launch in December 2021 with the move-to-earn Web3 blockchain's popularity, particularly with fitness enthusiasts. The coin is listed in several established exchanges and can be traded for other cryptocurrencies as well as fiat currency. Currently, users have already staked over 4 million US dollars worth of tokens and the projections show a definite increase in that number.
Many users and observers are predicting a bullish run with a few offloading the token. Some users have also shown disapproval of the earning rates, considering them low. A good percentage of users are investing because of the BNB involvement. Generally, it is receiving a massive positive endorsement from happy users signifying growth potential in the move-to-earn community.
Where can you buy the Step token?
You can buy the Step token on several decentralized exchanges.
Can the STEP token be staked?
Step app users can stake their STEP tokens and earn additional passive income on the platform.
History of Step®
December 2021 - Live pre-sale and launch of STEP token.
January 2022 - BitMart lists STEP.
June 2022 - At some point in the year the token rebrands from StepBSC to simply Step®.