Walk Token
Crypto Overview
Overview
Walk Token (WALK) is a cryptocurrency that powers the STEPN-like 'move-to-earn' ecosystem Step App. The token serves as the primary utility and governance token of the Step App platform, where users can earn rewards for physical activity tracked through the app.
Purpose and Utility
The primary purpose of WALK is to serve as the native token for the Step App ecosystem. Users can earn WALK tokens by walking, running, or engaging in physical activities while using the Step App. The token is also used for governance voting, purchasing NFT sneakers within the platform, and participating in the platform's economy.
Business Model Evaluation
The core business model revolves around promoting physical fitness and healthy lifestyle choices through monetary incentives. Users must purchase NFT sneakers using WALK tokens to participate in the earning mechanism. The platform generates revenue through NFT sales, marketplace fees, and token transactions.
Real-World Adoption and Usage
The Step App platform launched in late 2022 and has shown moderate adoption. The app is available on both iOS and Android platforms. While exact user numbers are not publicly available, on-chain data shows regular transaction activity for both NFT purchases and token movements.
Development Activity
The project maintains active development with regular updates to both the mobile application and the underlying blockchain infrastructure. The team regularly communicates updates through official channels and has maintained consistent development activity since launch.
Token Distribution
The token distribution includes allocations for the team, development fund, ecosystem growth, and public sale participants. Initial token unlocks follow a vesting schedule to prevent immediate selling pressure from early stakeholders.
Crypto Impact
To assign a comfort level investing in Walk Token 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 Walk Token.
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.