Why is Step App (FITFI) crypto up 200%?

May 13, 2022 09:46 AM PDT | By Versha Jain
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  • Step App is a protocol that helps create a gamified metaverse for the fitness economy.
  • Step App offers services such as staking, liquidity incentives, locks, and buybacks. 
  • FITFI is a governance token of Step App, while KCAL is an in-game token. 

The Step App (FITFI) token soared nearly 200% on Friday morning after its official Twitter handle relayed the message that its wallet addresses jumped to 45,000.

The huge jump in token holder numbers shows the platform’s growing popularity. So, let’s understand why the project has become so successful in a short span.

What is Step App?

Step App is a protocol that helps create a gamified metaverse for the fitness economy. Its protocol enables users to earn, compete, and network powered by augmented reality and blockchain. It provides staking, liquidity incentives, locks, buybacks, and burn services. 

Fitness is a new mantra in the gaming metaverse and is fast catching people’s attention.

While the FITFI token helps in the governance of the metaverse that blends the digital and physical world, the NFTs and the geo-location technology enable the real transaction. 

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On May 10, the company launched a sign-up campaign for users to earn KCAL tokens. The campaign was also to highlight the Step community’s journey toward achieving 10 million users.

According to its website, more than 2.2 million users have pre-signed for KCAL tokens, which can recreate their fitness and social life in the metaverse. 

Also Read: Why Ampleforth Governance Token’s (FORTH) trading volume surged 2000%?

One can earn KCAL tokens by signing up on the platform’s beta app and connecting it to their wallets. The beta phase would be temporary, but pre-signers can earn daily ‘FAT points’.

Early adopters will get an opportunity to multiply their FAT points on referrals. The FAT points can be converted into KCAL tokens after paying a conversion fee by burning FITFI tokens.

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Why is Step App (FITFI) crypto up 200%?Data Source: coinmarketcap.com

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FITFI token:

FITFI is the governance token of Step App. It benefits from ecosystem fees. On the other hand, KCAL is the in-game token of Step App, the first app on the Step protocol.

The KCAL token is used to mint and maintain SNEAKs (NFTs) and other functions. One can earn these tokens by running and staking the SNEAK NFTs. 

FITFI has a market capitalization of US$86.24 million. Its total supply is five billion.

The token can be traded on crypto exchanges like MEXC, KuCoin, ByBit, and OKX.

Also Read: Why MetaPay (METAPAY) crypto zoomed 240% in one day?

Bottom line:

The Step App (FITFI) token grew 196.91% to US$0.2925 at 4:57 am ET on Friday. The crypto market was also up by 9.98% to US$1.30 trillion, a turnaround from its steep fall on the previous day. The token’s popularity is reflected by the increasing number of its Twitter followers, which touched 176,000 within a month of joining the platform in April this year. 

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