STEPN Proposes Changes to Game Economy

STEPN Proposes Changes to Game Economy

STEPN announced a number of updates addressing the game's economy in a Medium article posted early this morning, around 3:45 a.m., ET. The team identified a number of problems with the current economy and proposed solutions to each:

  •  Cross-realm energy bridge: Moving forward, each new realm introduced will allow a maximum of 3 energy to be gained through other existing realms. Additionally, each existing realm that a holder owns a sneaker in will provide 1 additional energy in the new realm.
  • "The no-exercising pure mint-and-sell activities": The team intends for players who "actually use the app" to have the best chance of obtaining minting scrolls. To address this, STEPN will rework the Mystery Box system by increasing the cooldown duration of minting and "slightly increasaing" the cost of minting.
  • To address the dynamic cost of minting as the price of STEPN's tokens fluctuate, the team has introduced a new formula to set the minting price.
  • Finally, the team has come up with a new plan for synthesizing lower-tier sneakers into a sneaker of a higher quality.

 

More about STEPN

STEPN is a move-to-earn mobile application built on the Solana blockchain. The app, which is available on iOS and Android, is meant to incentivize its users to get up and move, literally. The first major project to provide a functioning move-to-earn product, STEPN implements notable GameFI elements to incentivize users, providing them tokens when they go for a walk or a run. These tokens can then be used to improve the game pieces (shoe NFTs!) in the game, or they can be redeemed or swapped for USDC or other cryptocurrencies. 

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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