Understanding Step App: When Fitness Meets Blockchain
2024-07-15Bittime - Maximize your fitness potential in Step App's Health Metaverse. Learn how to maximize your KCAL and FITFI token earnings, optimize headset durability, and level up through running and walking activities. Discover the mechanics and attributes of headsets and how they complement sneakers for an immersive fitness experience.
The fitness and blockchain industries are booming, and Step App is at the forefront of this convergence. With the global fitness industry valued at $96.7 billion in 2020, the integration of blockchain technology is changing the landscape.
What is Step App?
Step App leverages the Move-to-Earn (M2E) model, which rewards users for achieving fitness milestones. Available on iOS and Android, the app turns physical activity into tokens with real value. Simply download the app, create an account, and sync with your phone’s health app.
As you move throughout the day, your steps are tracked and converted into tokens that can be traded for cash or used for in-app purchases.
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History, Origins, and Main Characters
Step App was launched in April 2022, built on its own ecosystem and the Avalanche blockchain. Led by CEO Kirill Volgin, former CFO of Zerion, the app is backed by a team of experts in the blockchain and fitness industries, with the support of world-renowned runner Usain Bolt.
The transparency of the team and advisors has been well received by the community, allowing for thorough vetting before investing.
How Does FITFI Work?
In the Step ecosystem, FITFI serves as a governance token, originating from “Fitness Finance.” Distributed fairly among users during the token generation event, FITFI allows its holders to participate in governance decisions.
Additionally, FITFI can be used to purchase in-app Booster Items and is available for purchase on various cryptocurrency exchanges such as Gate.io.
Token KCAL
Step App also introduced the KCAL token as an internal currency for earning. Users collect KCAL tokens through walking or running, which can then be used to mint new SNEAK NFTs. The KCAL token, with a circulating supply of 3.9 million and a maximum supply of 60 million, can be exchanged for other tokens such as ETH or USDT.
Step App Key Features
Step EX: DEX
Step EX is a decentralized exchange (DEX) integrated into Step App, facilitating mainstream adoption and rapid application development. Its native token, SPEX, is distributed via lockdrop. Features include deflationary mechanisms, liquidity incentives, and governance options.
Step Launch: The
Step Launch wallet provides early access to projects within the Step ecosystem. Users can download the app, set up a wallet, and use FITFI and KCAL tokens to play.
The platform offers staking benefits, including early access to projects and public rounds.
Step Network: Lifestyle
Built on Avalanche code, Step Network integrates lifestyle, fitness, and consumption into blockchain technology. It powers a variety of applications, including a global music lifestyle brand, a combat sports brand, and a fitness app that rewards movement. The network offers developer grants and incentives for decentralization.
Step Scan: Tracking
Step Scan is a blockchain explorer for tracking on-chain data in the Step ecosystem.
Step Bridge: Bridging
Step Bridge facilitates token transfers within the ecosystem.
Health Metaverse
Step App’s Health Metaverse combines gamified fitness with the physical world through augmented reality. Users earn, interact, play games, and compete using NFTs and geo-location technology.
The platform encourages daily movement through fun, social and competitive experiences.
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SNEAK NFTs
SNEAK is an NFT shoe that enhances fitness performance and earnings. Available in styles such as Walker, Hiker, Racer, and Coach, SNEAK offers a variety of benefits, including increased KCAL earning rates and bonuses for certain speeds.
Users can improve and upgrade SNEAK levels using KCAL and replay statistics with FITFI tokens.
Fitness Quests & PvP Challenges
Step App includes fitness quests and PvP challenges where users complete activities to power up their avatar and compete against others.
The app's gamification features enhance social and physical skills, rewarding users with in-game currency.
Headsets
Headsets in the Step App enhance user performance and rewards. They offer additional chests from runs and increased earnings, consume charges based on activity duration, and come in various qualities. Headsets can be leveled up and used in the minting process for further benefits.
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Clash Duels
Clash is a competitive feature where players battle it out using their SNEAKs, earning KCAL for wins. SNEAKs are placed in leagues based on ranking, and players use boosters to increase their chances of winning.
How to Get FITFI
You can earn FITFI through centralized exchanges like Gate.io. Create an account, complete the KYC process, deposit funds, and follow the instructions to purchase FITFI
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Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.