Step is an innovative fitness app that allows users to earn cryptocurrencies by exercising and improving their health.
With so many people staying at home due to the pandemic, the developers have come up with a way for users to have an incentive to walk to work, and by placing bets they can increase their passive income. The goal is to make users rich and healthy.
The Step app makes workouts rewarding and fun. And unlike the gym membership that many people buy at the beginning of the year but then gradually stop using because they lose motivation and become lethargic, Step rewards its users every day by encouraging them to go further and further to increase their earnings. .
Since the advent of cryptocurrencies in 2009, no blockchain-based application has been developed that rewards only in the form of cryptocurrencies, without requiring users to provide KYC or other personal information, but only their wallet addresses, as such an application should be. That is, until STEPN and Genopets came into the web3 space to change the game and add usability to industry use cases.
Step developers wanted to create something that would stand out from the competition and allow users to become more physically healthy and at the same time financially successful. Once this is done, the Step team will get rid of any user data that may have been lost, misused, or used for marketing purposes. They wanted to provide users with a private and secure application that only transfers the user’s internal account and wallet address. Just by walking, users can earn up to 0.1 BNB per day.
This should motivate users to walk more often and use fewer vehicles, thereby reducing their carbon footprint. The Step team, unlike other app developers, values privacy and anonymity, which is why the app is designed solely for these purposes.
What is a Step?
Step is an innovative fitness app that allows users to earn cryptocurrencies by exercising and improving their health. In its current form, walking is a common activity that is done both indoors and outdoors. In light of this, the group developed a new idea that would allow them to develop their physical and financial strength. Step’s goal is to convince its users to adopt a healthier lifestyle in order to reduce global warming, achieve financial independence and build self-confidence.
The Step app also rewards in crypto rather than fiat or product based, which will encourage many non-crypto users to adopt crypto as the standard.
A maximum of 1 billion STEP tokens are available at a variable burn rate, of which 60,500,000 have been used for the pre-sale and 55,000,000 for liquidity. In each cycle, the team will be given 5% of the tokens (21 days).
Privacy & Security
They have developed a solution that is completely focused on user privacy and ensures that there is no misuse, overuse or abuse of user data in this day and age where privacy is a myth. The Step team values user security and privacy so they don’t require KYC, making it easy for users to use the app without worrying about their data being compromised.
Step uses the accelerometer that comes with Android and Google Fit data to calculate steps, distance, and if the user is wearing a smartwatch, calories, and average heart rate. The Google Fit app then uses this data to calculate an internal score that is sent to the server to determine the reward.
On Apple devices, users can use the Apple Health app, which uses the device’s built-in accelerometer to track steps and distance. If the user is wearing a smartwatch, they can also track calories and average heart rate, which Apple Health then uses to calculate their internal score, which is then transmitted to a server like Android.
Beyond that required to track the aforementioned health data, the Step team never collects any additional user data or asks for permission to do so.
Step adheres to the principles of cryptography and anonymity and does not collect any user data. All users have the right to privacy. In addition, users’ wallet addresses are the only information used to send them rewards. Unlike fiat money, Step uses the Binance Smart Chain network to securely distribute money to users, who can then sell it and exchange it for other tokens or simply cash out. While Step respects user privacy, they have a number of fraud protection measures in place to ensure that no dishonest user can receive additional rewards or use the app/reward in an unauthorized manner.
Users staked more than three million dollars worth of tokens. To stake Step tokens, users can go to https://stake.walkwithstep.io. Each block rewards users with 14.25 Step tokens. With a generous interest rate that depends on the number of users and the amount each of them has in the pool.
With Step Staking, all holders will be able to stake their tokens, allowing users to earn passive income in addition to the rewards they receive for using the app and just walking around. There is no lock-up period and users can withdraw their staked Step Coins at any time. However, if they choose to do so within 72 hours, they must pay a fee of one percent, and then a small fee of 5% is charged on profits alone. To get the most out of the APY rate, they can choose between manual and automatic interest.
Rewards are based on the percentage of steps taken by all eligible holders (minimum 4,000 steps per day) and then a multiplier is applied based on the number of tokens each user owns.
Step has a tax split of 62.5% reward pool, 35.5% marketing wallet and 2% liquidity pool.
Anyone with a smartphone can use this (which almost everyone has nowadays). People who walk regularly will be rewarded for doing so, and it will not only be financially beneficial for them; it will also improve their physical fitness. It does not require any additional work. Rather than requiring users to register or log in, Step only requires them to install the app, grant the necessary permissions, and enter the wallet address they want to send their rewards to.
Anyone who wants to get out of bed and start exercising can be motivated by rewards of up to 0.1 BNB per day for walking. The purpose of the app is to make users healthier and make more money while walking. Theoretically, if they earn 0.1 BNB per day, that equates to 3 BNB per month, which they could theoretically earn just by walking and getting healthier, which is actually a fantastic way to change their lives.
Step introduced a new idea of rewards and as a result they have a rapidly growing user base of people who have embraced the concept and continue to use Step on a daily basis demonstrating that the Step team is on the right track. Step offers a secure and user-friendly app that users can use every day with peace of mind and earn rewards in cryptocurrencies. In the future, Step will also introduce new features such as NFT collection, metaverse, and more. The team will continue to develop fresh innovations and concepts to benefit users more and more.