- Pioneer move-to-earn Web3 app STEPN has announced it is launching its final event of the year.
- In appreciation of the community’s response, STEPN is kicking off exciting events, doubling GST rewards, and releasing exclusive sneakers to end the year on a high note.
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STEPN Holiday Event LIVE Double GST S-T-E-P-N Sneakers X Mas and NYE Sneakers Exclusive Merch There is also physical merch to be won by merging a full set of "S-T-E-P-N" sneakers [1/4] pic.twitter.com/GOXR6pRj7N— STEPN | Public Beta Phase V (@Stepnofficial) December 16, 2022
Ending The Year With a Bang
STEPN is committed to motivating people worldwide to pick up good habits and live healthy lives. The move-to-earn incentivizes user movements by paying people with GST, the in-game currency. Players can determine how much they earn by selecting NFT sneakers, leveling them up, and equipping them while they exercise.
Here are details of what STEPN has planned:
- Starting December 16th, users can earn twice the amount of GST until the end of the event on January 1st, 2023.
- Players can mint shoes to generate exclusive one of five sneakers with a special skin, forming the letters ‘S-T-E-P-N.’
- After collecting all five letters, players can merge their sneakers during the event to mint limited-edition Christmas edition sneakers and socks until Christmas Eve.
- A snapshot of all limited-edition Christmas sneakers will be taken on Christmas Eve, entitling holders to rewards such as GST and GMT airdrops, MOOAR memberships, STEPN merch, and NFTs.
- Starting December 24th, players can merge their lettered sneakers to mint rare New Year’s Edition sneakers. Conversely, sneaker NFT holders will be entitled to the same rewards as the Christmas edition.
On the Flipside
- GST has significantly dropped in value after peaking at an all-time high of $8.51 this year. One GST now costs $0.02, a 99.8% decrease from its ATH.
- Unless players spend over $200 on virtual sneakers, the average they can earn with common in-game sneakers featuring base stats is between 1-3 GST per day.
Why You Should Care
STEPN spearheaded the move-to-earn concept in the Web3 space. While move-to-earn isn’t a new concept, as games like Pokemon: Go have successfully experimented with the idea before, STEPN took it to the next level with Web3 technology. The app has recently collaborated with soccer players and shoe companies to launch new sneakers. Unfortunately, GST has taken a hit due to market conditions, but the game has continued to develop, showing strength and resilience despite uncertainty.
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