Last Updated on September 5, 2022 by Bitfinsider
The move to earn idea is being revolutionized by Stepn, the first Non-Fungible Token (NFT) game that is powered by the Solana blockchain. It is a web3 lifestyle app that tokenizes regular activities like exercising and combines AR.
Stepn’s mission is to encourage people to move and exercise by paying them with cryptocurrency tokens.
STEPN quickly gained popularity among both runners and walkers when it was first launched. People not only loved the game itself but the rewards were also so unbelievably high that it eventually drew in a huge number of new players. The STEPN team rapidly had to implement a system of activation codes in order to slow down the onboarding process because they had not anticipated such rapid development.
How to start playing (by moving)
Stepn is built on a move-to-earn model. You must download the app to your smartphone from the app store before using it. The next step is to register with your email address. Connect your cryptocurrency wallet to proceed once the email verification is complete. You will then be needed to transfer Solana’s native token, SOL, into Stepn’s in-app wallet in order to buy sneakers, which are actually NFTs. Users can use NFT sneakers, which are effectively a pair of virtual sneakers that control how long you can train for and how much you can earn, to walk, jog, or run while earning cryptocurrency tokens. Every 24 hours, the energy in the shoes is renewed, limiting the amount of time a person can exercise.
To increase the energy cap of your NFT sneakers, you can choose features like comfort, durability, good fortune, and efficiency. Time is measured in energy. Five minutes of exercise are equivalent to one unit of energy. However , you are only allocated a meager two units at the start, which replenish every 24 hours. Therefore, you only have 10 minutes every day as a beginner to earn GST. Energy caps can be raised, but doing so demands leveling up your sneakers and giving them attribute points.
Summary
It is extremely likely that the metaverse will continue to tokenize daily activities and provide incentives for people to carry out various daily actions in the future. Fitness incentives are just the beginning, but it makes perfect sense to start in this market.
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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.
Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.