GST

1. Project introduction

STEPN is a Web3 lifestyle app with inbuilt Game-Fi and Social-Fi elements.

STEPN is built around an essential daily activity for most people – moving around. Users equip themselves with NFTs in the form of Sneakers. By walking, jogging, or running outdoors, users will earn game currency, which can either be used in-game, or cashed out for profit. With Game-Fi, STEPN aims to nudge millions toward a healthier lifestyle, combat climate change and connect the public to Web 3.0, all while simultaneously hinging on it’s Social-Fi aspect to build a long-lasting platform fostering user generated Web 3.0 content.

There are three game modes:

1.Solo Mode. Users are equipped with NFT Sneakers to earn tokens by moving.

2.Marathon Mode. Users need to register under the Marathon Tab at least 24 hours prior to commencement. There will both be Weekly Marathons and Monthly Marathons.

3.Background Mode. While the STEPN app is not been actively used, users will be able continue earning GST (Capped at 3,000 steps daily).

2. Team introduction

Founder: Jerry Huang

Linkedin: https://www.linkedin.com/in/jerry2046/?original_referer=https%3A%2F%2Fwww%2Egoogle%2Ecom%2Ehk%2F&originalSubdomain=au

CSO: Jessica Duan

Linkedin: https://www.linkedin.com/in/jessica-duan-062603232/

CMO: Shiti Manghani

Linkedin: https://www.linkedin.com/in/shitirastogi/

3. Investment institution

Sequoia Capital, Folius Ventures, Solana Capital, Alameda Research, 6th Man Ventures, DeFi Alliance, M13, Corner Ventures, Sfermion, Zee Prime Capital, Lemniscap, Spark Digital Capital, MorningStar Ventures, Openspace Ventures, Solar Eco Fund, WelinderShi Capital

4. Application

Used as a game token to be used to incentivize STEPN users. It is burned by Shoe-Minting, Repair, Leveling up Sneakers, Gems upgrade, Unlocking Socket, Resetting Sneaker Attributes.