Step App
Crypto Overview
Overview
Step App is a move-to-earn fitness application built on the Avalanche blockchain. The platform aims to gamify physical activity by rewarding users with FITFI tokens for completing fitness goals and activities.
Purpose and Utility
The primary purpose of FITFI is to serve as the governance and utility token within the Step App ecosystem. Users can stake FITFI tokens to participate in platform governance, purchase in-game items like SNEAKs (NFT sneakers required for earning rewards), and receive rewards for physical activity.
Business Model
The platform generates revenue through NFT sales, marketplace fees, and premium subscriptions. The core activity of incentivizing physical exercise aligns with Islamic principles of promoting health and wellbeing. There are no inherent interest-bearing mechanisms or gambling elements in the primary use cases.
Development and Adoption
Step App has shown continuous development activity and maintains an active community. The platform has partnered with notable athletes and sports figures to promote adoption. While still in relatively early stages, the project demonstrates legitimate utility in the fitness and wellness space.
Token Distribution
FITFI implements vesting schedules for team and advisor allocations, with transparent tokenomics publicly available. While a significant portion is allocated to the team and early investors, the vesting schedules help align long-term incentives.
Crypto Impact
To assign a comfort level investing in Step App from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Step App.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.