Stepn is an NFT sneaker app that pays for physical activity. The authors promise up to $4500 per day
The developers have created a crypto application Stepn based on the concept move-to-Earnwhere users can earn up to $4500 per day.
What is known
The application is built on the blockchain Solana. The developers claim that users can receive tokens for physical activity. They can be spent on boosting your account in the game or cashed out. For a couple of months Stepn installed by several million people.
Players can expect $25 for 10 minutes of activity. The developers of the application claim that some users receive up to $4,500 per day. Sounds great, right? But there is a nuance.
To start receiving tokens, and therefore earn money, you need to purchase in the game NFTs-sneakers. And their cost is some $500. Experts point out that in Stepn there is no real economy and the game is a pyramid scheme. Analysts don't know how long a project with this business model will last. Note that the token rate has fallen about ten times since May and now stands at $0.7.
Some users have found an alternative way to make money on the application. They pump NFTssneakers, after which they sell them. And the prices reach $3000.
Source: Forbes
