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TheBlock 2022-04-20 18:33:49

StepN: The Sustainability of Move-to-Earn Model

Quick TakeStepN is a Solana-based move-to-earn (M2E) project that gamifies running activities and allows users to earn in-game currency simply by moving. It holds a 92% market share in fully diluted valuations for all M2E projects.Unlike other play-to-earn games, StepN has a relatively higher app stickiness because its core product revolves around running, which is a perpetual activity. As we dug deeper into its tokenomics design, we discovered a concern about the sustainability of its in-game currencies, GMT and GST.

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