Have you ever imagined making money just by walking, jogging, or just maintaining a healthy lifestyle with regular physical activities?
Isn’t that just so good to just hear? In this article, we will be talking about an app about STEPN and how you can make money by walking.
What is STEPN?
STEPN is a web3 app based on the Solana Blockchain network. This app launched in March 2022, and ever since the launch, it’s been revolutionizing the world by combining crypto with the real world.
This is also one of the first Web3-based NFT games that is based on the Move-to-earn (M2E) model. This model allows users to generate passive income with regular physical activities.
The M2E model rewards users when they walk or run, this is mostly done by integrating fitness apps like Strava, and more. To make things simpler, Pokemon Go is one of the classic examples of a M2E app that integrates real-world data into a game.
Talking more about STEPN, this popular app was developed & founded by an Australian Fintech company, FindSatoshi Lab. They’re the same people behind the cryptocurrency wallet Solwallet.
The STEPN team received a $5 Million Seed Round funding investment from popular venture capital firms like Sequoia Capital, Folius Ventures, the Capitalist arm of Binance, and other leading Web3 Investors.
How does STEPN work?
The STEPN platform is basically designed to reward users for moving. It can be moving, running, walking, or whatever. If you move, you earn.
But there’s a catch.
In order to start using STEPN, you have to purchase a pair of sneakers, which is also an NFT. The basic sneaker costs anywhere above 11 SOL and upwards, which roughly translates to £465.
The developers justify this statement by saying the investment pays itself off in two or three weeks once you start using the app. In general, the more active you are, the more you earn.
So, this project is definitely worth a watch.
How to buy STEPN NFT?
- To get started, download the STEPN app from the App store or Play Store.
- Enter the access code
- Create your new $SOL wallet and transfer your SOL to it. If you are wondering how to get started, we have written an article on How to buy $SOL in UK.
- Once purchased and deposited, write down the 12-word seed phrase and store it safely in case you want to recover your wallet.
- Head over to the store within the app and select the sneaker you want to buy.
- This is the hardest part as you can choose the sneakers in two aspects –
Price: It’s a bit pricy, the floor price of the sneakers starts from 12.59 $SOL or £550.
Shoe Strategy: There are different kinds, Walker, Jogger, Runner, and Trainer. The basic concept here is each kind has different earnings. A runner has good earnings, but the twist here is you have to maintain a pace of 8 – 20 (KM/HR). If you don’t, you won’t earn anything.
If you are a beginner, Trainer is the best as it has a good range of acceptable speed of 1 – 20 (KM/HR). You are not limited to one pair of shoes, you can own more and earn more.
How to get STEPN Activation code?
Due to the high demand of STEPN requests, the team has limited the activation codes. But here are the different ways you can get the STEPN activation code.
- Friend Activation Codes
You can get one activation code by spending 10 Energy spent. At any given time, a user can hold one activation code. Once the user has claimed, you can claim more by spending 10 Energy.
For reference, you can make 10 Energy by Running, Jogging, or Walking for 5 days with a common sneaker.
- Telegram Group
Currently, STEPN is dropping 1000 Activation codes per day on Telegram at 14:00 BST.
Join the official telegram group: STEPN Telegram Group
Apart from the official drop, admins also post activation codes in the group randomly. Use it instantly within the app to claim & activate.
- Discord Group
To get STEPN activation codes on discord, join their official discord group and complete the basic profile verification that’s pinned as a message in the group.
Similar to Telegram, random drops happen through discord randomly. When someone posts a code, use it instantly in the STEPN app.
Join the official discord group: STEPN Official Discord Group
- Facebook Group
STEPN has its own community on Facebook, and similar to Discord & Telegram, random drops often happen in their community. To claim your code, look out for the codes posted and clai it instantly on the STEPN app.
Join the official facebook group: STEPN Official Facebook Group
For STEPN codes, It’s a different case. All you have to do is to go to Twitter and search for STEPN Code or STEPN Activation code or #STEPN. You will find posts where some random Twitter users are sharing their codes. Like always, use the code instantly as there will be thousands like you looking for a STEPN Activation code.
How much can you earn with STEPN?
Now that you know almost everything about the M2E STEPN app, you’ll be wondering how you to make some money with STEPN App.
At the moment, you can make money in three different ways with STEPN.
- By earning GST Token
- Breeding STEPN Sneakers
- Stake GMT (By staking, you can earn a proportion of the game’s profit)
And apart from the above three ways, the earnings also differ depending upon the type of shoe you have. Here’s the split –
- Walker: Burning one energy gets 4 tokens. With this shoe, you have to maintain the minimum speed between 1 to 6 km/hr.
- Joggers: Burning one energy gets 5 tokens here. With this shoe, you have to maintain the minimum speed between 4 to 10 km/hr.
- Runners: Burning one energy gets 6 tokens here. With this shoe, you have to maintain a speed between 8 to 20 km/hr.
- Trainers: Burning one energy gets 4 to 6 tokens. With this shoe, you are the most flexible as you have to maintain a speed between 1 to 20 km/hr.
How to make money with STEPN Sneakers?
As you know, each STEPN Sneakers have its own earning model, which depends on your movement. The more you move move, the more you earn.
The effort you put towards this would directly benefit your earnings. The factors that directly relate to the GST (Green Satoshi Token) earnings are:
- Total energy
- Movement Speed
- Shoe type
- NFT Badges
Right now, with the cheapest shoe and making 2 energy levels you can earn an approximate 5 to 10 $GST per day. At the current price its around £11 to £22 for a 10 minutes of exercise.
PS: This is with one pair of sneakers, if you own more sneakers, your earnings stack up.