What is FITFI Tokenomics?

Venus1100

Active member
Step App develops a gamified metaverse for the fitness industry. Step app is built on a massive community of go-to users and fitness ambassadors and allows users to simply walk, jog, or run to socialize, play, and earn on its platform. FITFI is the Step Protocol's governance and gas token, as well as the utility token for the core FitFi experience. It is critical to both the Step App economy and the ultimate goal of promoting a healthy lifestyle.

1660042985905.png

FITFI Tokenomics
According to the aforementioned game economics, the value of FITFI is primarily determined in the following cases:

Buy-backs: Tokens are purchased on the open market with 50% of play revenue.
Burns: The governance may decide to burn up to 50% of tokens that have been bought back.
Staking Rewards: Staker payouts can reach 50% of tokens purchased on the open market.
Locks: Staked tokens have a 10-day cooling off period for withdrawals, and doing so incurs a 12 percent fee on the principal stake.
Liquidity Incentives: Staking payouts for LP tokens are weighted 50% more heavily.

How do I get FITFI?
You can purchase FITFI on MEXC by following these steps:

1.Log in to your MEXC account and then select [Trade]. Select [Spot].
2.To see the available trading pairs, type "FITFI" into the search bar. Consider the FITFI/USDT pair.
3.Scroll all the way down to the [Spot] box. Enter the amount of FITFI you wish to purchase. You can place a Limit order, a Market order, or a Stop-limit order. Consider the Market order. To complete your purchase, click [Buy FITFI]. The FITFI you purchased will be stored in your Spot Wallet.
 
Top