FITFI
Step App
$0.00000000AUD
Market Cap
15.3M AUD
24H Trade Vol.
7.9M AUD
Total Supply
2.5B
All
1W
1M
1Y
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Price Changes
24H:
+0.00%
7D:
0.00%
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Buy Step App (FITFI)

What is Step App?

Step App is a blockchain-based Move-To-Earn application that combines elements of fitness, gamification, and blockchain technology. It allows users to earn cryptocurrency, specifically through their physical activities like walking, jogging, or running. It operates using non-fungible tokens (NFTs) and a proprietary currency called Step Coin.

How does Step App work?

Step App functions as a Web3-based platform that rewards users for their physical efforts by employing a Move-to-Earn model. It operates on the Step Network, built with Avalanche's code for enhanced security and speed. The application tracks users' activities using a pedometer algorithm and integrates smart contracts, particularly in its NFT infrastructure and marketplace, to facilitate various functionalities like minting NFTs and managing tokens. However, specific technical details like the consensus mechanism are not clearly outlined in available sources.

What are the potential use cases for Step App?

Step App’s design supports a range of potential use cases:

  • Fitness and Health: Encourages physical activity through a rewards system, promoting healthier lifestyles.
  • NFT Marketplace: Provides a platform for trading digital assets, such as limited edition sneakers.
  • Community Engagement: Fosters a social platform where users can participate in activities, compete in tournaments, and engage with fitness communities.
  • Staking and Governance: Offers users opportunities to participate in liquidity pools and governance by staking the app’s FITFI tokens.

What is the history of Step App?

Step App was introduced in April 2022 by a team led by CEO Kirill Volgin. It quickly gained traction, achieving significant community growth and high trading volumes shortly after launch. Milestones include partnerships, notably with Usain Bolt, and the establishment of their launchpad for blockchain projects. The app continues to grow, introducing features like SNEAK NFTs and participating in various community and market expansions, solidifying its presence in the blockchain-enabled fitness sector.

Frequently Asked Questions (FAQs)