What Is Step App (FITFI)?
Step App (FITFI) is a Web3-based fitness application that integrates elements of gamification, fitness, and blockchain technology. It allows users to earn cryptocurrency tokens through physical activity, such as walking, jogging, or running. The concept behind Step App falls under the “move-to-earn” model, where users are rewarded for staying active.
Some key features of Step App include:
1. Fitness Integration: Users track their daily activities like walking or running via a smartphone app.
2. Blockchain & Cryptocurrency: The app is integrated with blockchain technology, rewarding users with tokens for their activities.
3. NFTs (Non-Fungible Tokens): Users can also use or trade NFTs in the app to enhance their experience. These could represent virtual sneakers or other items that users can purchase, trade, or collect.
4. Social Features: It often includes leaderboards, challenges, and opportunities for social engagement within the app, encouraging competition and collaboration.
5. Monetization Opportunities: Through the tokens earned, users can either trade, sell, or reinvest them in the platform, creating a circular economy.
This application is part of a larger trend toward combining fitness and blockchain to incentivize healthier lifestyles through monetary rewards and digital ownership.
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Move to Earn: fad or the future? Let’s find out with CMC Alexandria.
What are non-fungible tokens (NFTs)? Check out the CMC glossary for the most essential crypto terms and jargon.
FITFI has a maximum supply of 5,000,000,000 coins, the allocation of tokens is as follows:
14% (700,000,000 $FITFI) to Public Sale;
25% (1,000,000,000 $FITFI) to Staking, Liquidity, MM, & Incentives;
15% (750,000,000 $FITFI) to the Team;
30% (1,500,000,000 $FITFI) to Mining, Move to Earn;
15% (750,000,000 $FITFI) to Marketing, Acquisitions & Licenses;
6% (300,000,000 $FITFI) to Partners, Advisors, & Consultants.
How Is the Step App Network Secured?
Step App (FITFI) is built on the Avalanche blockchain, which uses the proof-of-stake (PoS) consensus mechanism to guarantee system security, protecting the network from Sybil attacks as well.
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Where Can You Buy Step App (FITFI)?
As of May 2022, Step App (FITFI) is listed on the following platforms: Gate.io, Huobi Global, Bybit, KuCoin, OKX, MEXC, LBank, Crypto.com Exchange, Pangolin, TraderJoe, BitMart, CoinEx, XT.COM, Hoo, AEX, BitForex, Bitget, Bibox, BigONE, BingX and Hotbit.
Want to keep track of FITFI prices live? Download the CMC mobile app.
Learn more about Web 3.0 with our educational portal: CMC Alexandria.
Have a look at our guide to non-fungible tokens.