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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⚡️Zero Inflation, High Yield Staking
+ Market Bought, Circulating Token Burns

Perpetual Staking has been a tremendous success. An average of 25M token staked daily till now.

It's highly rewarding with access to all ecosystem opportunities, with no need to stake ever again. Additionally, it comes with a built-in flipper tax system.

In just 5 days, 1.1M tokens have been collected in the Perpetual Staking tax deposit.

A. Zero Inflation, High Yield Staking
FITFI stakers can earn a high yield, even if zero tokens are minted. The tax at current rate can award 100%+ yields to stakers.

Stakers earn from flippers. Those who remain staked longer, earn exponentially higher.

B. Market Bought, Circulating Supply Burns
FITFI in the tax deposit are bought on the market and are from circulating supply. At current rates, these can power massive $1.5-2M burns a month.

C. Starting Next Week
Portion of tax will be burned. The other portion will be pushed to staking rewards, with a large skew for those who stake longer.
Market Buy, IP Licenses
and Update: Moving DEX Liquidity

The intent for deploying DEX liquidity remains intact. However, a key goal of this move is to tap a growth in community members.

The impact of DEX liquidity would be not as strong at present. Therefore, the launch of DEX liquidity is slightly postponed.

To offset this, a market buy across various CEX will be conducted. This will take place in many small buys over the next 7 days, to ensure futures contract traders do not front run.

Additional Notes
Step ecosystem has acquired substantial licensing rights. This is a value add for:

- Exposure: addressable market of licenses is over 100s of millions of fans
- Layer-1 Growth: new, mega- app on the Step Protocol
- Ecosystem: Step is the standard of the FitFi economy; licenses will be composable and hence usable by ecosystem apps

The details of this will be released at a strategic time.
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⚡️Global Titans x Step App
Bringing FitFi to Global MMA & Boxing Communities

Global Titans is a leading boxing and MMA brand which works with the likes of Floyd Mayweather and Anderson Silva. Step App has entered a deep, strategic relation with the brand.

A. Sponsorship & Marketing
Step App will be the primary sponsor of Global Titans' upcoming fight starring veteran boxers such as Mayweather and Silva. Hundreds of millions of fans.

The event is expected to take place in Dubai.

B. Development & Integration
Step App and Global Titans will explore the creation of a FitFi app that brings immersive experiences for boxing and MMA fans. Train in sessions with global champions, and earn - seasonal campaigns.

Further, the two brands will explore branded SNEAKs, alongside sponsored NFTs and other assets of champion athletes.

This is a second global brand with millions of fans building on the Step Protocol. Just getting started.
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⚡️$FITFI Staking Yield
With Zero Token Inflation

2nd phase of Perpetual Staking incentives live soon: zero-inflation yield. Perpetual Stakers access every ecosystem opportunity.

A. Source of Yield
Staking is a powerhouse. Almost 65,000 stakers & more every minute.

Staking is liquid. People can leave any point but have a cooldown. Instant unlock removes cooldown for a tax. Tax feeds staking yield, without inflating supply.
Longterm stakers earn from flippers.

B. Staking Tiers
Empower longterm stakers. Yield is split in tiers:

- 30% of tax goes divided to all stakers
- bonus 20% divided among 3+ month stakers
- bonus 25% divided among 6+ month stakers
- bonus 25% divided among 12+ month stakers

In effect, if 100 people stay till 12+ months, they could earn the same amount as 65,000+ who stay short-term.

No locks. Simply willingness to remain staked voluntarily.

C. Future Yield Phases
Roadmap opens more yield: blockchain validation & tx fees; NFT ecosystem yield; every other product in ecosystem.
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Quick Message from Step App President

Dharpan has joined Step App to lead license acquisition, brand deals, and athlete ambassadorships.

He was previously leading corporate (brand) deals at McLaren F1. Dharpan then began his own agency which provided the license acquisition for the largest exchanges in crypto.

Step App has secured some exciting IP deals and athlete ambassadors, including world-renowned partners. These will be rolled out soon.

Two major corporate partners building on Step Protocol (layer-1) have already been disclosed to the public: are UNTOLD and Global Titans. Several more are lined up.

UNTOLD's audience base is in the tens of millions, working with music stars like David Guetta and Steve Aoki. Global Titans audience base is also in the tens of millions, with combat stars like Anderson Silva. Both (and the follow-on incorporate partners) will play a key role in taking Step ecosystem to global audiences.

Dharpan will host an AMA with the community this Friday.
Step App Localization Update
Native Spanish Now Live

Step ecosystem is being developed with localizations. The native blockchain's developer docs, NFT infra, and metaverse operations will all include globalized tapping.

Spanish localization for current docs and media is now live. This is an addition to Mandarin.

We are keen to hear from the community which localizations you'd want most.
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Perpetual Staking — Lootboxes
Epochs Explained

Perpetual Staking gives you access to everything happening in the Step ecosystem. Phase 1 is Lootboxes.

Phase 2 is non-inflationary yield. Future phases include fee distribution from ecosystem products.

Lootbox Epochs
- Every epoch, drop tickets are issued to stakers.
- More drop tickets leads to higher rate of winning a Lootbox (launchpad style)
- Lootbox winners for this epoch will be selected this Monday

The next epoch has already begun. You are accruing new drop tickets for the next lottery selection automatically. The genesis SNEAK collection includes 10,000 assets. Epochs will continue till all 10,000 have been minted.
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⚡️Step App Track, Live on Apple Music!
in Collaboration with FEHRPLAY

After weeks of collaboration, Step App track by Deadmau5 backed artist FEHRPLAY is live on Apple Music!

- Track's first market is Apple Music, which has an outstanding 78 million users
- The first crypto development to be exposed on Apple Music

This is a major milestone in our #RoadTo10Million.

Music as a User Acquisition Strategy
Fitness and sound have an unbreakable bond. Music is a companion for exercise, be it the gym, a run, or sports.

Music pushes for greater thrill, to push you forward and harder. This track is made to bind the thrill of music with the incentives of success. Run, listen, and earn.

A custom track made for the global movement of FitFi, where fitness is monetarily appreciated. This is the sound of the future of fitness, powered by Step App.

To expose the opportunities of FitFi and Step App to a global audience that uses Apple Music for their fitness soundtrack.
👉 https://moodofmind.com/step
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Important Upcoming Events

The launch of the native blockchain and core infrastructure (i.e. native NFT market) are major milestones.

With the blockchain testnet on the horizon, protocol page for the public and developer docs for third party builders will be available in the coming week.

Additionally, a preview of the NFT aggregator, running on the native blockchain will also go up.

Internalizing NFT infrastructure ensures maximum value capture, while ensuring corporate developers (like Global Titans & UNTOLD) have immediate and readily available tools for their assets and communities.

Re-Tweet
twitter.com/StepApp_/status/1528157723174612993
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App Preview, Private Beta Whitelist, and Lootbox #1 Winners

This video gives a sneak preview of the core app (with an easter egg on next athlete ambassador). The private beta whitelist for community members to try the app will go live soon.

To be a part of the selection phase, simply connect your wallet on the KCAL pre-sign up page. This function will be available at the end of the week.

Priority will be given to wallets that are detected as FITFI token stakers.

Additionally, the winners of the first lootbox are now released. Note that the Lootbox round 2 has already begun and Drop Tickets are accruing.

Step App Lootbox #1 Lottery Winners
https://docs.google.com/spreadsheets/d/1qwivQi4DuPoHmXzBNlESZ7BixMSbIFwETb9mgcZib3I/edit?usp=sharing

All winners will also be notified directly on the staking page tomorrow.
Dear Community,

The official Lootbox claim will begin in 2 hour and 15 minutes from now - 2.30 am UTC.

If you have won the lottery of event number 1, your UI will show a claim option.

NOTE: If you claimed a token in the Lootbox UI prior to this announcement, please be noted that you claimed just a test token which does not represent anything. It's safe to have it but it has no use case or price.

👉 Trading + Reveal Strategy
The trading and reveal of the Lootbox (and upcoming Lootboxes) is reserved till the launch of the internal NFT marketplace.

This ensures that: (1) the powerful reveal event which attract lots of new users and (2) the valuable trading volumes only happen on the native marketplace.

This will help push a large flow of new users to our own NFT marketplace and the value of the volume they bring to our own community. It also helps isolate the volumes of the Lootbox to an internal product, thereby maximizing value for the FITFI economy.

This is a reminder that Step ecosystem is not just an app. It's comprised of much more: including native blockchain and infrastructure (like the NFT market).
Step App Localization Update
Chinese Mandarin Retained

Step ecosystem is being developed with language localizations for all major markets. The native blockchain's developer docs, pages pages, and news flow will all include globalized tapping.

Step App will retain Chinese Mandarin localization for project docs and media.

Upcoming localizations will include Korean and Japanese.
The Whitelist for Private Beta is Now Live

1. Go to app.step.app
2. Connect wallet
3. Selection process will be limited to those with at least 5,000 FITFI staked

For qualifiers, the "Join" button will become visible. A small number of qualified applicants will be picked for the private beta access and testing.
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⚡️Token Inflation Halted

Token tranches for staking, liquidity, marketing, and mining are originally scheduled to have a monthly vest. These play a vital role in the growth of the blockchain.

These will instead be halted till the release of the Step blockchain and its main ecosystem products, like Step App.

The testnet of Step blockchain is ready. Core ecosystem partners like Global Titans and UNTOLD will be involved in the testing phase. Given all variables proceed correctly, the mainnet will be ready for launch.

These is a key product showcase also primed within the next 24h.
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⚡️Native NFT Market Showcase

All elements in the Step ecosystem are internalized. Native blockchain accompanied with native NFT market, among other products.

This ensures the value of ecosystem NFTs is internalized, while also giving apps building on the Step Protocol a powerful market to integrate from day 1.

Active User Onramp
The NFT Market is a multi-chain aggregator. This makes it available across blockchains beyond Step Protocol.

- integrated in Step App
- standalone app for any NFT
- pluggable to any app with SDK, with direct support for apps built on Step Protocol

The approach ensures NFT traders across all blockchains are involved in the ecosystem value growth of Step App and $FITFI.

Fair Launch
The marketplace will have a fair launch mechanism, similar to LooksRare - but better. More details on this will be released soon.

$FITFI will be well-integrated into the product.
Step App Localization Update
Turkish Language Now Live

By popular demand! Turkish native materials now available on core information.

This will be expanded to the blockchain's developer docs and Protocol SDK implementation.
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Lootbox Number 2 —
List & Winners

The list of lottery #2 winners is available on the snapshot #2 claim page (LINK).

Winners can also claim Lootbox #2.
Though, note that this Lootbox will still be untradeable for now. It will be enabled for trading once the native NFT marketplace goes live, on the blockchain with FITFI as gas.

The preview of the NFT marketplace was showcased days ago. The blockchain is in testnet, primarily for validator testing. Mainnet is imminent, with the NFT market going live right after.

This ensures maximum value internalization.

Epoch 3 has Begun
Each Lootbox Drop Ticket collection lasts 2 weeks (epoch). The staking is perpetual, so you don't need to re-stake. The stake is automatically rolled over to the next event.
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Perpetual Staking Upgrade

The month of June has been an all-out work time. Over the next few days, a range of updates will be demonstrated, including the private beta.

One of the most important updates is now done: perpetual staking upgrade.

Non-Inflationary Yield + Yield Roadmap
The perpetual staking contract can now issue yield.

The staking page has been updated to reflect all the new functions:
- The Yield tab shows that rewards will begin in less than 5 days
- The Yield roadmap greenlights staking phases that are now active
- Main tab continues to provide Lootbox info

Yield is non-inflationary are purchased from the market (millions of tokens already). It will grow with the Yield roadmap, including validator rewards, app fees, and protocol products (DEX and market).

Check the updates here:
https://staking.step.app/

The full-function contract is publicly verifiable and has passed the audit with zero flaws.
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Step Mainnet Event!
7 Days of Growth
Campaign

1. Step Network (blockchain) will be on mainnet at August 15
!

In the next 7 days, Step will hold a growth campaign. A lot has been done and it will be public info through major announcements on partnerships and ecosystem products.

2. Protocol Information
The Step Network website is now live.
👉 https://step.network/

$FITFI tokens are gas on this blockchain. It's the first network dedicated beyond DeFi: the blockchain for life. Major products beyond Step App are already building on it.

⚡️3. Public Test Access Links
If you are a $FITFI staker, get ready: 250 test links will be sent tomorrow. There's a limited supply of links, so be sure to check your emails tomorrow! This is phase 1, and more test links will be sent out in phases.

Over the next 7 days, information about major athletes, important Step Network products, and user onboarding will be released.

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⚡️Perpetual Staking Zero-Inflation Yields are Now Live!
Phase 2/5 Unlocked

$FITFI stakers who hit time milestones now qualify for yield on their stake. This is in addition to the Lootbox Drops.

A. Zero-Inflation Yield
$FITFI staking yield is unique. It's not created through supply inflation. The tokens are market-bought.

Yield increases as you unlock more tranches, by staking longer. Tiers are 2, 6, and 12+ months.

You do NOT lock the stake; it remains liquid! These are rewards for long-term believers.

The yield page shows how many market-bought tokens are in each tier, and how many more are added each month.

B. Perpetual Staking Phases Explained
Perpetual Staking is a unique staking created by Step App. One stake gives access to all key opportunities in the ecosystem.

There are 5 phases, all visible on the staking page. Phase 1 and 2 are now live.

Stake Now
👉 https://staking.step.app/

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⚡️Usain Bolt x Step App
Fastest Man Ever Becomes Face of Step App

Step App is striving for #RoadTo10Million users. Usain Bolt is now the official face of this mission!

The world's most famous athlete, with tens of millions of global fans, will:
- join Step's physical events
- social media events
- be the face of the brand's presentation
- and more!

Usain Bolt has helped boom the demand of global brands, and we're proud to have his faith in Step App! This is a major milestone in our push for global adoption.

More details on events and Bolt-partnered marketing events for user onramp will be released soon.

Step Mainnet 7 Days of Growth
1/7

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