The Step App is a fitness app built on the Step Protocol that leverages blockchain technology. It enables users to earn cryptocurrency rewards by walking, jogging, or running.

FitFi's Step App combines web3, blockchain, and NFT technologies to help individuals earn money while working out. It transforms fitness goals into rewards, social joy, financial earnings, friendly competition, and helps users turn their fitness goals into reality.

The FitFi app is part of the Step App ecosystem, offering a fitness metaverse that combines NFTs and digital avatars with workouts. It includes an NFT market where users can buy and sell SNEAK, as well as limited drops of SNEAK limited edition. The game economy of FitFi and the Step App features buy-backs, governance voting to burn tokens, staking rewards, and locks.

The native gas token of the Step Protocol, FITFI, is utilized by all the apps and projects within the Step ecosystem. It serves as a utility token for the Step Protocol and a governance token for the Step App functionalities.

Step App is a component of the Step ecosystem, aiming to promote fitness and cryptocurrency. The Move-to-Earn (M2E) app enables users to earn cryptocurrency by walking, jogging, or running.

When users join the app through a referral link, they have 24 hours to enter a referral code in the profile section of the app. The app is free to download and use, with no hidden fees or subscriptions.

Users of all fitness levels can participate in fun local and global competitions and run with friends. To start participating, users must mint their in-game sneakers with unique properties.

The in-game NFT asset, SNEAK, is required to get started. Users can purchase SNEAK NFTs from the Step App's NFT marketplace and level up by upgrading the SNEAKs to increase their earning potential. They can also swap and trade SNEAKs with other players in the game.

Work on the Step Protocol began in Q4 2021. The FITFI token was launched in Q2 2022 and listed on six cryptocurrency exchanges at launch.

It conducted its IDO on DAO Maker in the same quarter, raising a record $2.75 million in funding and becoming the largest IDO on the platform. In this quarter, the Step App also introduced Perpetual Staking.

In Q3 2022, the app signed Usain Bolt as its global brand ambassador. The Step Protocol also launched other products, including Step Launch, Step Ex, Step Network, Step Scan, and Step Bridge.

The Step network's launchpad, Step Launch, supported its first successful project launch, PRIMAL, in Q4 2022. Other significant developments in this quarter included over 150,000 app downloads and over 120,000 addresses from users across 88 countries worldwide.

Key developments in the Step App roadmap until May 2023 include the launch of an Energy-tic campaign with Usain Bolt, Trial SNEAK to drive mass adoption of the Step App, a new referral program, and leaderboards.

Step App is an interesting crypto asset, especially if you want to diversify your portfolio into Move to Earn projects. Supported by renowned athlete Usain Bolt as its global brand ambassador, there are several reasons why it could be a good project to invest in.

The Step App price could head higher amid users rising adoption of the Step ecosystem. The higher on-chain activity could increase the demand for the FITFI crypto and support the FITI to USD price in the market.

A favorable outlook among investors toward digital assets in general and key sectors such as GameFi, SocialFi, NFTs, etc., could also boost the FITFI price statistics in the market. A bullish mood among investors could encourage buying activity, supporting the price of Step App token.

While it is challenging to offer an accurate FITFI price prediction over any duration, you could monitor the following factor to gain a better insight into the price action in the Step App coin:

Market Activity

Market activity, which refers to the supply and demand of the FITFI token on trading platforms, is a crucial indicator of Step App token price performance. Higher trading volumes, indicating greater demand for the $FITFI crypto, usually increase its price. Conversely, lower trading volumes could lead to a drop in the price of FITFI token.

Market Sentiment

If the global cryptocurrency market performs well and the demand for similar cryptocurrencies is high, FITFI's price could increase. However, if the market is underperforming or similar cryptocurrencies are not performing well, the price of Step App crypto may drop.

Fundamentals

Factors specific to the Step App project, such as the apps success and the company's business developments, could also affect the FITFI token price. For example, if the Step App gains more users or partnerships or introduces new features that increase the value of the cryptocurrency, then the price of Step App (FITFI) could increase.

FITFI is the native token of the Step App and the broader Step ecosystem. It has the following use cases:

Governance Token

FITFI token is the governance token for the Fitness Finance (FitFi) protocol based on the Step protocol. FITFI holders enjoy voting rights and can contribute their thoughts on how the Step protocol and Step App evolve.

Staking and Liquidity

The FitFi protocol uses FITFI tokens for staking and liquidity, allocating 20% of the total token supply to these rewards. Up to 50% of NFT trading rewards are also used as staking rewards, and up to 50% of market-bought tokens are distributed to users who stake FITFI.

Crypto Asset to Trade and HODL

FITFI tokens can be bought and sold on cryptocurrency exchanges such as BYDFi. Trade FITFI/USDT on BYDFi Spot Market, or hold the token long-term if you believe in the future potential of Step App and the Step Protocol. We recommend performing DYOR before trading to manage your risk exposure.

Heres how you can stake FITFI on Step App to earn rewards and grow your crypto holdings:

1. Visit the Staking section of the Step App and connect your wallet to it.

2. Fund your wallet with sufficient tokens by buying FITFI on BYDFi or other supported platforms and withdrawing your tokens to your wallet.

3. Enter the number of FITFI tokens you want to stake and click Stake.

4. Confirm the transaction from your wallet.

5. Sit back, earn rewards, and grow your portfolio by staking FITFI tokens on Step App.

Note that there is a 14-day cooldown period for staking, meaning that if you want to unstake your tokens, you will have to wait for 14 days before you can do so. If you wish to immediately unstake, you can do so, but you will be charged a penalty of 16%, and this amount will go to the DAO treasury, which can use for various purposes as voted by the community.

The Step Protocol comprises the following apps:

Step App

The Step App is the first app developed on the Step Protocol. It is a Move to Earn project that rewards users in crypto for physical activities, such as walking, jogging, and running.

Step Network

The Step Network is a blockchain network that serves as the heart of the Step ecosystem. Built with Avalanches code, the Step Network supports the Step App and other ecosystem projects, brings value to $FITFI, and offers a high-speed, low-cost decentralized infrastructure for mass adoption.

Step Ex

Step Ex is a DEX on the Step ecosystem. It is designed for mainstream use and makes DeFi more accessible through inbuilt integrations to popularly used apps.

Step Launch

Step Launch is a platform that facilitates the launch of new projects on the Step Network blockchain. The Step ecosystems launchpad allows users to connect their external wallets, such as MetaMask, to access the public sale of a project and contribute to it.

Step Scan

Step Scan is a blockchain explorer and analysis tool for the Step Network. It allows users to inspect and analyze the activity on the network and provides information about transactions, smart contracts, and other blockchain data.

Step Bridge

Step Bridge is a Step Network-based platform that enables users to connect their wallets to different blockchain networks such as Ethereum and BNB Chain. With Step Bridge, users can easily swap tokens between other networks and take advantage of the benefits of each network.