Step App Price

Step App is an interesting crypto asset, especially if you want to diversify your portfolio into Move to Earn projects. Supported by renowned athlete Usain Bolt as its global brand ambassador, there are several reasons why it could be a good project to invest in.

The Step App price could head higher amid users’ rising adoption of the Step ecosystem. The higher on-chain activity could increase the demand for the FITFI crypto and support the FITI to USD price in the market.

A favorable outlook among investors toward digital assets in general and key sectors such as GameFi, SocialFi, NFTs, etc., could also boost the FITFI price statistics in the market. A bullish mood among investors could encourage buying activity, supporting the price of Step App token.

While it is challenging to offer an accurate FITFI price prediction over any duration, you could monitor the following factor to gain a better insight into the price action in the Step App coin:

Market Activity

Market activity, which refers to the supply and demand of the FITFI token on trading platforms, is a crucial indicator of Step App token price performance. Higher trading volumes, indicating greater demand for the $FITFI crypto, usually increase its price. Conversely, lower trading volumes could lead to a drop in the price of FITFI token.

Market Sentiment

If the global cryptocurrency market performs well and the demand for similar cryptocurrencies is high, FITFI's price could increase. However, if the market is underperforming or similar cryptocurrencies are not performing well, the price of Step App crypto may drop.

Fundamentals

Factors specific to the Step App project, such as the app’s success and the company's business developments, could also affect the FITFI token price. For example, if the Step App gains more users or partnerships or introduces new features that increase the value of the cryptocurrency, then the price of Step App (FITFI) could increase.

FITFI is the native token of the Step App and the broader Step ecosystem. It has the following use cases:

Governance Token

FITFI token is the governance token for the Fitness Finance (FitFi) protocol based on the Step protocol. FITFI holders enjoy voting rights and can contribute their thoughts on how the Step protocol and Step App evolve.

Staking and Liquidity

The FitFi protocol uses FITFI tokens for staking and liquidity, allocating 20% of the total token supply to these rewards. Up to 50% of NFT trading rewards are also used as staking rewards, and up to 50% of market-bought tokens are distributed to users who stake FITFI.

Crypto Asset to Trade and HODL

FITFI tokens can be bought and sold on cryptocurrency exchanges such as KuCoin. Trade FITFI/USDT on KuCoin Spot Market, or hold the token long-term if you believe in the future potential of Step App and the Step Protocol. We recommend performing DYOR before trading to manage your risk exposure.

Here’s how you can stake FITFI on Step App to earn rewards and grow your crypto holdings:

1. Visit the Staking section of the Step App and connect your wallet to it.

2. Fund your wallet with sufficient tokens by buying FITFI on KuCoin or other supported platforms and withdrawing your tokens to your wallet.

3. Enter the number of FITFI tokens you want to stake and click Stake.

4. Confirm the transaction from your wallet.

5. Sit back, earn rewards, and grow your portfolio by staking FITFI tokens on Step App.

Note that there is a 14-day cooldown period for staking, meaning that if you want to unstake your tokens, you will have to wait for 14 days before you can do so. If you wish to immediately unstake, you can do so, but you will be charged a penalty of 16%, and this amount will go to the DAO treasury, which can use for various purposes as voted by the community.

The Step Protocol comprises the following apps:

Step App

The Step App is the first app developed on the Step Protocol. It is a Move to Earn project that rewards users in crypto for physical activities, such as walking, jogging, and running.

Step Network

The Step Network is a blockchain network that serves as the heart of the Step ecosystem. Built with Avalanche’s code, the Step Network supports the Step App and other ecosystem projects, brings value to $FITFI, and offers a high-speed, low-cost decentralized infrastructure for mass adoption.

Step Ex

Step Ex is a DEX on the Step ecosystem. It is designed for mainstream use and makes DeFi more accessible through inbuilt integrations to popularly used apps.

Step Launch

Step Launch is a platform that facilitates the launch of new projects on the Step Network blockchain. The Step ecosystem’s launchpad allows users to connect their external wallets, such as MetaMask, to access the public sale of a project and contribute to it.

Step Scan

Step Scan is a blockchain explorer and analysis tool for the Step Network. It allows users to inspect and analyze the activity on the network and provides information about transactions, smart contracts, and other blockchain data.

Step Bridge

Step Bridge is a Step Network-based platform that enables users to connect their wallets to different blockchain networks such as Ethereum and BNB Chain. With Step Bridge, users can easily swap tokens between other networks and take advantage of the benefits of each network.