Step App

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.