FITFI(Fitness Finance) Project Analysis

1.Research Institute Review

Step App is creating a gamified meta-universe for the fitness economy. step App is the foundation of the FitFi market. First-mover advantage ensures that the protocol and associated SDK can become the industry norm: a strong meta-world and technology stack that powers the FitFi economy. FitFi is at the intersection of making physical and digital. Through the use of NFT and geolocation technology, this is the culmination of a very physical experience (fitness) in a virtual world. step's FitFi metaverse has the added feature of augmented reality for better immersion. The product has a rich economic model with FITFI token economic model + in-game economic model + in-app economic model + NFT shaping KCAL economic model, walking, jogging and running to socialize, play and earn money.

2.Recent breaking point

gamefi

3.Project Introduction

Step App is the next joint frontier of the virtual world and Game Fi market, and the embodiment of a physical experience bundled with the virtual world. Fitness, or even simple physical activity, are manypeople'sslives.Ablockchain this product into a part of many people's daily lives and is at the pinnacle of crypto adoption. Get the Step App ,and turn your fitness into a social experience that pays you. Increase your step count by walking, jogging or running. Compete with friends on strangers, socialize locally or globally, and experience the virtual and physical worlds in dynamic new ways.

4.Token functions

1. Buyback: 50% of game revenue is used to buy tokens on the market.

2. Burn: Governance can vote to burn up to 50% of repurchase tokens.

3. Pledge Bonus: Up to 50% of the marketplace purchase tokens are allocated to the pledger.

4. Lock-in: Pledged tokens require a 10-day cooling-off period before they can be exited, bypassing this cooling-off period requires a 12% fee on the principal shares.

5. Liquidity Incentive: LP tokens are weighted 50% higher in the pledge reward.

5.Token Economic Model

Total number of tokens: 5,000,000,000 FITFI

Mining, earning 30% - 1,500,000,000

Team 15% - 750,000,000

Marketing, Acquisitions and Licensing 15% - 750,000,000

Pledging, Liquidity, MM and Incentives 20% - 1,000,000,000

Public Offerings 14% - 700,000,000

Partners, Advisors and Consultants 6% - 300,000,000

Information about the public offering.

Public SHO Raise: $1,750,000 , Public SHO Individual Allocation: from $500 to $5,000 (multiple allocations)

DAO SHO raise: $1,000,000 , DAOSHO individual allocation: $200

Total funding: $2,850,000.

Initial market cap: $343,000

Fully diluted, tokens: 5,000,000,000, project valuation: $24,500,000 ($0.0049FITFI)

6.Investment Institutions

DAO Maker, QTUM, ZERION, Bitcoin, KARON LABS

7.Community

twiter:65000 people

discord:9,000 people

telegram:24000 people

8. Future Outlook

Walk, jog and run to socialize, play and make money. It is the next joint frontier for the Metaverse and GameFi markets, and the embodiment of the physical experience associated with the Metaverse. There are already a number of FitFi products, namely Stepn and Genopets, both of which are built on their native systems. This hinders the ability to export FitFi experiences, increases development costs, and divides the fitness market into a series of FitFi projects. step App addresses the biggest bottleneck and cost driver in the FitFi market from the start. Third parties can build in the Step Metaverse using the Step Protocol SDK. Deployment-ready geolocation technology, NFT minting and trading capabilities, user portals, token mechanisms, and more are all necessary features that any developer, team, or even global brand can quickly deploy to make web3 FitFi apps. the NFT economy has ushered in a bull market for various cottage industries. The most prominent of these is the dominance of GameFi and meta-border products for much of 2021. The best performing assets of the last year fit into these areas.

9.Special economic models

(1) Lock-in mechanism: Pledged tokens require a 10-day cooling-off period before they can be exited, and bypassing this cooling-off period requires a 12% fee on the principal shares.

(2) Game economic model.

1.1 Trading: Map styles, character skins, sneak skins, skins, etc. Purchased from the store with credit card or cryptocurrency.

1.2 Stake games: Players can race against friends or against others. These race runs can be completed with pledged governance tokens. A 2.5% fee will be charged for winning pools.

1.3 Tournament Games: Players can compete for their steps on global and regional leaderboards. Tournament wins unlock unique skins and earn dedicated leaderboards. A ticket is required to participate in the tournament and purchased tickets go into the prize pool and the game charges 5% of all accrued ticket costs.

2.1 NFT Marketplace: All NFT transactions on the in-app NFT Marketplace are subject to a 2.5% fee.

2.2NFT Sales: Limited edition Sneaks are released once a month.

Basic Information

Project Description: Step is the development protocol for FitFi (Fitness Finance), StepApp is creating a gamified meta-universe for the fitness economy. Walk, jog and run to socialize, play and earn. Step App token economy includes pledges, locks, liquidity incentives, buybacks and destruction. These are driven by demand generated by gameplay benefits and the economic value of the game. fitfi tokens are governance tokens these benefit from ecosystem fees. step App is the foundation of the FitFi marketplace. First-mover advantage ensures that the protocol and associated SDK can become the industry norm: a robust meta-border and technology stack that powers the FitFi economy.

Full token name: Fitness Finance

Token name: FITFI

Token details.

1. Pledge: Pledge tokens and LP tokens can unlock certain SNEAK and Avatar skins. Avatars are visible on leaderboards, friends and public maps.

2. Discount: 2.5% royalty is charged for game NFT, i.e. skin trading. This fee is discounted by 2% if the player bets a minimum number of game tokens.

3. Repurchase: 50% of the NFT transaction fee is repurchased in the market and DAO can be voted to destroy.

4. Pledge Revenue: Up to 50% of the NFT transaction fee can be used as a pledge reward.

Project website: https://step.app/litepaper

Project documentation: https://step.app/memorandum

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