StepN: A Quantitative Look at Move-to-Earn’s Sustainability
Research memo for Blockcrunch VIP subscribers
Blockcrunch VIP subscribers are invited to an exclusive AMA with our team next Friday at 10:00 am SGT / 10:00 pm EST / 7:00 pm PST!
Click to RSVP here or add the event to your calendar, and make sure to submit your questions ahead of time here.
StepN ignited the frenzy for walk-to-earn, skyrocketing to $23 billion FDV at its peak.
But seasoned crypto vets know numbers like this - especially with “X-to-earn” concepts - are not sustainable. This week, we’ll take a dive through the numbers to see just how realistic is the StepN model over time.
As always, this report is for informational purposes only and not financial advice.
Contents:
What is StepN
How StepN Works
StepN’s Token Design
Modeling StepN’s Sustainability (with interactive model)
Upcoming Catalysts