How To Work Out And Make Money Using STEPN

What if you can make some money running, jogging, and going for a walk? If that sounds appealing, the move-to-earn (M2E) Web3 lifestyle app, STEPN is ideal for you. One popular mobile NFT game in the GameFi sector lets STEPN NFT sneakers holders earn tokens by running, walking, or jogging.

STEPN is a Solana-based Web3 lifestyle app that features in-built GameFi and SocialFi parameters. STEPN was launched in December 2021 with a bang. Just like the normal fitness apps available in the current market, STEPN tracks your daily activity, including jogging, running, and walking. But, STEPN has one huge difference; it allows you to earn crypto while keeping yourself fit.

Fundamentally, the app aims to encourage users to adopt a healthier lifestyle, all this time assisting in offsetting carbon emissions. Concurrently, due to STEPN’s SocialFi elements, users can also access available user-generated Web3 content.

Who Created The STEPN NFT Game?

Find Satoshi Lab, an Australian fintech firm, developed the STEPN app. Launched by Jerry Huang and Yawn Rong, STEPN debuted at the Solana hackathon in October 2021. While Huang is a serial entrepreneur, Rong is a blockchain venture capitalist. As soon as the app officially launched in December, thousands of users started signing up, so much so that the team had to limit the number of daily registrations.

Rong said in a recent interview:

“My business partner and I were talking about how awesome Axie Infinity is for what they did. But then we realized there’s still room to improve, and we can take it into an alternative form, or a new genre of play-to-earn. Which is basically when we proposed move-to-earn.”

Notably, the NFT sneakers come with a range of characteristics.

How Does STEPN Operate?

To embark on your move-to-earn journey, you need to first buy a digital sneaker on the STEPN app. For each minute of movement, you can earn STEPN’s native in-game currency, the Green Satoshi token (GST).

Nonetheless, the amount you earn is subject to a range of factors. Each NFT sneaker comes with its activity level. In case your speed surpasses or drops below this level, you do not earn tokens.

The game comes in two modes: Marathon and Solo. In the Solo mode, you can wear your digital sneakers to earn for each movement. On the other hand, in the marathon mode you can participate in weekly and monthly marathons by registering over 24 hours before under the “Marathon tab”.

Next, your earning time depends on your Energy – the total number of minutes you can use the app and earn tokens in one session. In turn, the Energy depends on the number and types of NFT sneakers you own. Moreover, every unit of Energy corresponds to five minutes.

For explanation, in case you are a new user, you would start out with the Common sneaker that has 2 Energy. It means that you will just manage to work out ten minutes per day and have to wait 24 hours for the Energy to replenish. Notably, the more NFT sneakers you have, the more earning time you will get. For instance, three sneakers will get you four Energy.

You can purchase the NFT sneakers on the app’s marketplace.

STEPN token GST was valued at around $0.088 at the time of writing. Averagely, a basic sneaker earns 5 GST per Energy. Hence, you can earn $0.44 for every move. GST is a volatile token, just like other cryptos and it had surged to highs of $8.51 in April. Some users have reported earning $400 per day.

But, if you think that you can easily earn using STEPN and cash out, you are in for some disappointment. Apart from the complex move-to-earn mechanisms, STEPN has also put multiple cheating systems in place.

The app tracks your movement using GPS. Hence, running on treadmills does not count. The app also has motion sensors to detect your movements. It means that taking your STEPN app on a ride outside is not going to work.