Step App News
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Re-imagine Fitness! Earn, socialize, play, and compete in the first health metaverse, powered by augmented reality.
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Major Regional Expansion

Recently FITFI opened on the Korean Won on Bithumb, a major Korean exchange. This was followed by a notable increase in community and user inflow from the region. To re-create this success, 2023 will have a designated focus for regional exchanges.

New Fiat Markets
Step Foundation aims to expand Step community and FITFI accessibility with fiat exchanges globally. The first focus points will be South America and more parts of Asia, particularly south and southeast Asia.

These regions provide large populations who are both young and tech-centric. This gives the ecosystem a prolific environment for onboarding new communities seamlessly through localized fiat pairs.

These events naturally boost FITFI liquidity and enhance activity of the chain.

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⚑️$FITFI Revenue Burns and Yield: Community DAO

A portion of Step App fees and Step Chain fees are constantly fed to the community DAO. This information is publicly available here:
πŸ‘‰ https://fitfi.step.app/

Community DAO has the power to allocate this $FITFI to anything: burns, yield, community developers, etc. Stakers vote to decide.

- A funnel of non-inflationary tokens
- Bought from exchanges and removed from circulation

$500,000 Bought From Market
For its first month, the DAO already has control of $500,000 worth of FITFI bought from the market. About 1.5% of market cap in 1 go!

The Community DAO can initiate votes at any point.

Just the First Phase
The Step ecosystem is at a nascent stage. As products on the Step Chain develop, FITFI fees grow. As Prometheus mainnet is completed, mainstream users’ purchases of discounted insurance grow FITFI Fees.

The traction in both crypto and mainstream markets is just beginning, with Step ecosystem being not even 1 year old. FITFI is already one of the most utility-rich assets in the space, yet this is just the beginning.

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πŸ”₯ $FITFI Revenue Generated Burn – Campaign

Step ecosystem has several funnels that accumulate FITFI from the market. The community has voted to burn these tokens. This week, a burn will take place that will deeply reduce FITFI circulating supply.

Over the next days, several major events will be released, each focusing on expanded utility for FITFI tokens or growth of the Step Chain.

The final amount of burned FITFI will be disclosed in 4 days.

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πŸŽ™Step App x SingularityNET x Usain Bolt

Step App will host a livestream on March 8. Topics will be on how the worlds of Fitness and AI collide.

Step App has begun integrating AI tech to tap the massive global insurance market, creating a sustainable earn economy for users. This stream will give insights into the technology behind the scenes.

- The stream will be led by Kirill Volgin, Step App CEO
- Usain Bolt, Step App’s global ambassador, will be sharing his views
- Ben Goertzel, founder of the largest AI token, will discuss. This paves a good beginning for Step App’s partnership with the Singularity ecosystem.

We will announce the final guest later this week, stay tuned!

Do not miss the biggest livestream in Fitness & AI calendars!

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πŸ’« Rejuve TGE on StepLaunch

Rejuve, a health and longevity oriented AI project, part of the SingularityNET Ecosystem and founded by Ben Goertzel, will have its premier Token Generation Event on StepLaunch. FITFI stakers will get first access to the token!

A. Rejuve Token on Step Network
Rejuve is the second non-corporate project building on Step blockchain. It has been in development for years. The community (FITFI stakers) will get access to Rejuve via StepLaunch.

B. StepEx Liquidity
After the TGE, a part of Rejuve liquidity will be available on StepEx.

Learn More at steplaunch.org

Rejuve Links:
https://rejuve.ai/
https://twitter.com/rejuve_ai
https://t.me/rejuvecommunity

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πŸ”₯ 100 Million FITFI Token Burn in 1 Hour

Step App ecosystem will have its first major burn in 1 hour.
A total of 100 million FITFI is being burned.

1. Revenue Burns - 15 Million FITFI
Many of these FITFI were acquired at high prices. Due to volatility, next round of revenue burns will be able to buy even more tokens on the market if prices remain the same.

At current rates, the revenue would have driven a 100 Million burn. So to facilitate the gap, the foundation will accommodate a treasury-sourced burn.

2. Treasury Burns - 85 Million FITFI
In light of remaining a community-centric project, the foundation is stimulating the FITFI economy with a larger than anticipated burn.

Treasury tokens that have been vested so far (85M) will now be burned as well.
Collectively, this marks nearly an 8% burn of circulating supply!

Tomorrow, another major stimulus to the FITFI economy will be released.

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‼️Extension of Team Cliff by 1 Year

Step Ecosystem has achieved record amount of output in under a year:

πŸ”— native chain with more wallets than years-old networks
πŸ“Š DEX with higher TVL than any other web3 app
πŸš€ launchpad that beat the 2022 bear market
πŸ“± one of the largest web3 apps in existence
πŸ”₯ revenue drive token burns, controlled by community
… and so much more.

Yet, this is just the beginning. There’s a lot yet to be done.
Notably, Prometheus mainnet with its focus on tapping into the world’s insurance markets.

Step foundation has extended the team and advisors cliff by 1 year as a testament to commitment to the community.
This is a stimulus to FITFI economics as well as a signal of the team’s alignment with the community’s voice.

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⚑Get ENERGY-tic with Usain Bolt | 7-Day Challenge

Usain was up for a challenge, will you be too? πŸƒβ€β™‚οΈ

Get ready for an exciting 7-Day challenge that all current Steppers and new users are encouraged to join. To our new users, make sure you check out our newest Trial SNEAK feature which allows you to try the app out for free for 7 days! πŸ‘Ÿ

The challenge will focus on being active and social sharing. The more in-app ENERGY you spend during the 7 day campaign, the more lottery tickets you will get. Plus, don’t forget to share this campaign with your friends on socials too!

There will be a prize pool including $FITFI and highly valued SNEAKs. 5 winners will be randomly selected - the more lottery tickets you have, the higher the probability of winning.

We will announce more details on how to enter soon, stay tuned!

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πŸ’« Rejuve Registration is Open!

Rejuve is a decentralized, AI-driven longevity research network allowing people globally to track their health data, receive valuable insights, contribute to cutting-edge longevity research, and earn $RJV rewards.

https://steplaunch.org/projects/rejuve/

Rejuve is a part of the SingularityNET Ecosystem and founded by Ben Goertzel.

Participation in this premier $RJV TGE on StepLaunch will be open to $FITFI stakers.

We will share more details of the event soon, but you can prepare ahead of time by following the steps described HERE

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πŸ“ΉLIVESTREAM: SINGULARITYNET x USAIN BOLT x TENET

Today, Step App’s CEO Kirill Volgin will host a livestream on how the worlds of Fitness and AI collide.

Next to the already announced guests Usain Bolt, our global ambassador, and Ben Goertzel, founder of the largest AI token, we now proudly introduce Su Park from TENET as the 4th guest. Su is Head of Partnerships at TENET, the world’s first blockchain secured by Liquid Staking Derivatives, to power the global AI economy.

Today March 8, 11AM UTC, don’t miss it!

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πŸ”Ž REJUVE Details

Here are some important facts about Rejuve on Step Launch.
Full details available here: https://steplaunch.org/projects/rejuve/

Token: $RJV
Price: $0.015
Step Launch Rise: $600,000
Initial Market Cap: $1,002,500

Important Dates

Registration: Open
Registrations closed: March 12, 12PM UTC
Winners announced: March 13, 12PM UTC
Deposits opened: March 14, 12PM UTC
Deposits closed: March 15, 12PM UTC

Step Launch is one of the most user-friendly launchpads, which makes it easy to register and participate in IDOs of high-quality projects.

Step Launch participation is simple, check it yourself: https://steplaunch.org/help

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⚑️Pass KYC & participate in Rejuve.

KYC process on StepLaunch takes just a few minutes & it is provided by the leading KYC provider Blockpass.

And the best part - KYC needs to be done only once to participate in all future project launches. πŸš€

Register: steplaunch.org

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πŸŽ‰ Congratulations to all REJUVE Winners!

Thanks to everyone who applied!

We saw a huge interest and here is the winners list:
https://drive.google.com/file/d/1wF-0l_BKXU-cI8ZR6kV1Ec0-q0uFux5D/view

Details on what's next ⬇️

1. Winners will receive an email with instructions about how to contribute. This information will also be seen under β€˜Rejuve Campaign Details’ on Step Launch.

2. Prepare USDT on Step Network:
- you can purchase USDT on https://app.step.exchange/, or
- you can use https://app.multichain.org/ to bridge your USDT.

3. Contributions opens at 12PM UTC, March 14

4. Winners can contribute their allocation or less (min. of $100 and max. allocation of $2,000 per wallet address)

5. Winners can contribute until 12PM UTC, March 15 (unless the sales cap is filled)

6. This will be a FCFS participation, so don't wait for the last minute!

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πŸ“£ Rejuve winners!

Contribution is now open πŸ”₯

πŸ‘‰ StepLaunch.org

This will be a FCFS participation, so hurry before it’s too late.
πŸƒβ€β™‚οΈ

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πŸ™Œ We are happy to announce that the hard cap of the second StepLaunch project Rejuve.AI has been successfully reached!

πŸŽ‰ Congratulations to all participants who got in!

Stay tuned for future updates on $RJV, StepLaunch and $FITFI staking opportunities!

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⚑️ GET ENERGY-TIC WITH Usain Bolt DAY 1/7

Up for a challenge?

Only 7 Days. It Starts Today.
Anyone can participate.
3 high-valued SNEAKs & 15,000 FITFI prize pool.

How to Enter:
1. Spend in-app ENERGY. Spend more, increase your chances of winning.
2. RT this post with your referral code and tag us @stepapp_

To all new users: you can download the app to get started here: step.app/app

It doesn't matter if you are an experienced Step App user or just planning to start with our Trial SNEAK - anyone can participate and be part of the incredible prize pool.

Read more here

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The wait is over ✊

Our new in-game asset is finally here! Introducing the Step Flip Flops: a summer essential & a new way to earn with Step App! β˜€οΈ

Running in Step Flip Flops on the beach will increase your KCAL earnings. And that's not all. We came up with a lot of new and exciting mechanics. Discover new opportunities!

The new asset will be added to the Sales section by the end of the day.


Update: Sike! How was your April Fool’s day? πŸ˜€

BUT, we weren’t joking about having a new in-game asset, we really do have an exciting announcement coming next week πŸ‘€

Now that you know this in-game asset is NOT Flip Flops, what do you think it is?
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πŸ’«Step App March Recap

πŸ”₯ 100M $FITFI burn
πŸŽ₯Exclusive livestream
πŸ’Ž2nd #launchpad project - Rejuve.AI
πŸ‘ŸRelease of our campaign video with Usain Bolt
… and more

Check out our BLOG for all of the details & to read about what we have in store for April.

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πŸ’₯HEADSETs - A NEW WAY TO EARNπŸ’₯

Our newest in-game asset, HEADSETs, are here! 🎧

πŸ”₯More earning
πŸ”₯Expanded gaming experience
πŸ”₯Lower entry threshold for new players

Available now on iOS - the Android version is 90% finished & will be released soon!

Full details in our BLOG ARTICLE

πŸ™Œ To all existing players:
you can buy your HEADSET now πŸŽ‰

πŸ™Œ To everyone else:
get started with Step App’s trial version for FREE - try the app out and if you love it you’ll have the opportunity to purchase your own HEADSET or SNEAK!

Download Step App: https://step.app/app

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Join us on the ROAD TO 300K πŸ‘£

Get in shape & save up for your summer plans!

Join our new challenge and get as many steps as you can in 30 days!

Everybody's a winner. When you move for at least 7 days in a row you have a chance to win a prize from an EPIC Prize Pool. πŸ†

PRIZES:
πŸ”₯Virtual Meet&Greet with Usain Bolt
πŸ‘ŸAutographed Nitro 2 Puma Sneakers
🎧JBL Sports Earbuds
πŸ’Ž50K $FITFI & Amazon giftcards
πŸ‘ŸIn-game SNEAKs & HEADSETs

Both new & existing users can join, all you need to participate is the app!

CAMPAIGN DETAILS

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πŸŽ₯πŸ€ΈπŸΌβ€β™€οΈLive Fitness Class with Instructor Brianna Diaz & beats from Usain Bolt!

To celebrate Step App's 1 Year Anniversary and to challenge you to move during our Road to 300K campaign, we invite all of you to join our live HIIT class this Wednesday.

What’s happening?
πŸ”₯ Fitness discussion with CEO Kirill Volgin
πŸ”₯ HIIT session led by US Instructor Brianna Diaz
πŸ”₯ Music to keep you motivated while you move by our Ambassador Usain Bolt

When & Where?
Twitter, Facebook | 26 April | 10AM UTC

Make sure to wear your sports outfit & have enough space to follow the workout.
Don't miss out on this amazing livestream & invite friends to join in as well.

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