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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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.

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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.
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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).
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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.
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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.
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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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⚡️StepEx - Native DEX of Step Ecosystem

StepEx serves Step App + all apps built on the native blockchain. It's fully integrated with the app.

The SDK allows apps built on the blockchain to rapidly integrate it. Per the #RoadTo10Million users goal, StepEx is poised to become the DeFi app with the highest user base!

Formal StepEx documentation released next week.

A. Launch Mechanics
StepEx has a fair launch open. This is designed to attract a significant amount of crypto users to the DEX and Step blockchain.

Launch process is a Lockdrop.

B. Major Elements of StepEx Lockdrop
- onramp key market makers, grow Step blockchain liquidity
- 1 on 1 support for projects to get whitelisted for the StepEx distribution: new communities

C. $FITFI Boost
- $FITFI tokens get a major source of liquidity from this
- Core part of early distribution will be to FITFI LPs
- Protocol-owned liquidity on DEX provides an additional yield to FITFI stakers

Step Mainnet 7 Days of Growth
2/7

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Step Mainnet Growth Campaign —
Continues Monday (July 25)

Major milestones and achievements to be disclosed:
- new FITFI utilities
- global brands
- new user markets/regions
- global athlete ambassadors
- new ecosystem products

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Step Ecosystem Fund
Step Network (blockchain) is the first of its kind: focused on experiencing life.

Step Ecosystem Fund provides deep incentives for teams to build products made for daily life, on Step Network. Join the likes of UNTOLD and Global Titans, who are major corporate adopters.

Learn More
👉 https://step.network/ecosystem-fund

A. Mechanism
The Fund provides approved startups a $250,000 seed. It's designed to be active in approach, to ensure a rapid inflow of strong development.

This process is much more sustainable than grants, as the Ecosystem fund acquires assets each time. Each completed round will be transparently announced.

B. A Public DAO
The Ecosystem Fund will morph into a DAO. This adds a major new utility to FITFI, where stakers will be able to regulate the Ecosystem Fund, vote on buys, and choose what to do with acquired tokens.

Step will be first blockchain with a successful DAO-run Ecosystem Fund.

Step Mainnet 7 Days of Growth
3/7

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Fiat Plugin: From Card to FITFI, On-Chain

Step App is pioneering ecosystem fiat onramp. The on-chain apps building on Step Network can tap a 100x larger user base: first time crypto users can immediately go from Card to FITFI, on-chain.

This is a public utility for Step Network builders.

The plugin goes live with USD, giving access for the world's reserve currency while allowing the American market to use Step Ecosystem projects (beyond Step App) directly with a credit card.

Step Mainnet 7 Days of Growth
4/7

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⚡️Step Ecosystem Launchpad: Stake FITFI for Early Stage Tokens

The Step Ecosystem Fund is designed to attract startups en masse. Step Ecosystem Launchpad ensures these startups attract the interest and involvement of the community.

More Info:
👉 https://steppad.io/

New $FITFI Utility
Access to the launchpad is available to stakers. This means Perpetual Stakers benefit from a major new value to the token.

Step Ecosystem Launchpad will begin with mainnet staking, which begins after August 15.

An exciting flow of startups is already applying to the Step Ecosystem Funds, and as a result, these projects are also becoming candidates for StepLaunch.

Step Mainnet 7 Days of Growth
5/7

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Step App at UNTOLD Festival
Step App given center-stage branding

UNTOLD is one of the first institutional developers building on Step blockchain. The company is using Step technology to build a dance-to-earn app.

As part of the partnership, Step App is given prime coverage at this year's UNTOLD festival. Step blockchain, Step App, and UNTOLD's app on Step will be promoted to millions.

Partner Artists + VIP Tickets
UNTOLD is providing Step App branding in the live events on artists like CLAPTONE. This also includes VIP tickets that we can give to our community.

More details on this soon.

Expand FITFI Functions
As FITFI is the gas asset of the Step blockchain, developer activity - especially from institutions with huge fan bases - grows network adoption and gas demands.

As mainstream users are given a very intuitive and simple experience on the app, they can be easily guided to other apps and FITFI functions in the ecosystem.

Step Mainnet 7 Days of Growth
6/7
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Perpetual Staking Delegation - Preview
Secure the network; earn boosted yield

Step blockchain mainnet goes live on August 15. A major yield function goes live with it: delegation rewards.

A. Delegation Explained
Step ecosystem runs on own PoS blockchain. Tokens must be staked to be part of network validation.

Delegation allows community to be part of network security, without buying infrastructure. A seamless process available on web & app lets community delegate stake to validators, who share transaction fees.

B. Massive Decentralization
Step, with its brand and celebrity deals, is on #RoadTo10Million users.

The mobile app, with fiat plugin, makes FITFI tokens at finger tips of people across the world. Delegations are built in the app, making the process hyper simple to newcomers. Step pursues highest distribution of stake, thereby creating ultra-secure network - where everyone is rewarded through sustainability of transaction fees.

Step Mainnet 7 Days of Growth

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Step App - Biweekly Update
July was a packed month, here's a summary of what went down in the second half of July.

Tech
- Zero-inflation staking yield live
- First batch of app test links started
- Fist ecosystem DEX preview
- Step blockchain delegation preview

Ops
⚡️Usain Bolt becomes global face of Step Ecosystem
- Step Network docs and website live
- USD fiat plugin for Step blockchain
- Ecosystem Fund commits $250k seed lines
- Launchpad for FITFI stakers - new utility
- German music icon CLAPTONE becomes brand partner at UNTOLD, corporate builder on Step

Twitter - Chat - News - Discord - Web
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