- 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.
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.
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.
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.
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.
Risk Disclosure: Trading in cryptocurrencies involves high risks, including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies, you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.