Run earning chain game STEPN updated the game economic model on the 8th, making adjustments for the cross-realm energy bridge, casting cost, recycling of sneakers and gems… Inspired by this, GST once soared by 40%, and the floor price of sports shoes NFT on the BNB chain It also came to 1.67 BNB, up 230% from the 6th quote. (Recap:StepN Updates White Paper “Mystery Box, Anti-Cheat Mechanism, Income Distribution; Announcement that most of the DDOS attack issues have been resolved) (event background:STEPN launches realm project!Running energy and GMT can be shared across chains, while GST keeps each chain independent)
headThe popular chain game STEPN, which created “Move to Earn”, at around 15:48 pm yesterday (8), the project’s marketing chief shiti.eth tweeted that after collecting many valuable suggestions from the community, he STEPN’s game economic model makes an update plan to achieve a balance between user experience and long-term product development. The following is a brief summary of the key points:
1. Cross-chain (realm) energy bridge
According to the latest official instructions, each new field (realm, which can be understood as a new chain) introduced in the future will allow to obtain an upper limit of 2 points of energy, and currently each existing field (SOL, BNB) will provide 1 point of energy, which can be obtained in the new field will be 2 in the 1st and 2nd month, 1 in the 3rd month, and zero on the 4th month.
Note: The new Power Share/Bridge will only start when the Third Realm (Realm) arrives.
2. Pure casting transactions
Some numerical adjustments are planned on the implementation of the minting scroll, effective immediately:
Players who expect to participate in sports have the opportunity to get scrolls from the treasure chest, so the treasure chest is expanded to 10 levels. Now a pair of gray shoes consumes 2 energy, and there is also a chance to get a treasure chest. Increased the cooldown interval of casting shoes from 48 hours to 72 hours, and appropriately increased the consumption of Mint. Although the ROI of sports return has been extended, we hope to exchange for a healthier economic environment and currency price.
3. Dynamic adjustment of casting cost
The new mechanics will dynamically adjust the cost of Mint shoes:
GST cost will remain constant regardless of GST coin price, but GMT will dynamically adjust. The adjustment rule is: when the GST currency price gradually increases, in addition to GST and base GMT (baseGMT), additional GMT (addGMT) consumption needs to be added. The cost formula is: A GST + B baseGMT + (A+B) * x% addGMT.
GST < $4: x = 0% $4 < GST < $8: x = 50% $8 < GST < $12: x = 100% $12 < GST < $16: x = 200% $16 < GST < $20: x = 400% $20 < GST < $30: x = 800% $30 < GST < $40: x = 1600% $40 < GST < $50: x = 3200% GST > $50: x = 6400%
Fourth, the recycling mechanism of sneakers and gems
Based on enthusiastic proposals from the community, it was decided to implement the following new mechanisms:
5 pairs of sneakers of the same quality can be used to synthesize a pair of sneakers with a higher quality (green = 5 gray, blue = 25 gray, purple = 125 gray) Unlike gems, sneaker synthesis will definitely succeed, but A certain amount of GST and GMT will still be charged as handling fees. The maximum and minimum properties of new sneakers under the influence of their quality will be increased by 20% (for example, the properties of traditional green shoes are 8-18, and the properties of synthetic green shoes are 9.6- 21.6) The type of new sneakers (Walker/Jogger/Runner/Trainer) will be probabilistically related to the type of 5 pairs of shoes put in. The user can imprint a sentence on the new shoes and it can never be changed.We want to start experimenting with social experiences
V. Changes under consideration
The official said that it will be adjusted in the future with community feedback, and mentioned the following two measures that will be considered:
Fees apply when listing NFTs on the marketplace and changing prices. This prevents bots from spamming and prevents users from cancelling and changing prices frequently.
Like dynamic minting costs, in-app platform fees can be dynamically adjusted according to different GST price thresholds (currently fixed at 2% to 4%, and may consider changing to a floating rate of 3% to 9%).
GST, GMT both jumped but fell rapidly
According to Tradingview data, as STEPN’s game reward token (GST) and governance token (GMT) have more opportunities to use after the above update, they have risen in a short period of time.
After the news was exposed yesterday afternoon, the GST currency price rose by nearly 40% within an hour, reaching a maximum of around 0.81 US dollars; but then selling pressure emerged, and the currency price did not successfully reverse and fell rapidly, falling below the price before the news was released. Deadline: $0.55.
The GMT currency price also rose by 10% to US$1.065 at the same time, and then fell rapidly, but at a slower rate, at about US$1.00049 before the deadline.
Sneakers NFT doubles the floor price on the BNB chain
In terms of the price of sports shoes NFT, there has also been a substantial increase. According to the quotation in the STEPN app, the floor price on the BNB chain came to 1.67 BNB (the current price is about $482, up 230% from the quotation on the 6th); the NFT floor price on the Solana chain came to 5.75 SOL (the current price is about $225, Compared with the quotation on the 6th, it rose by 57%).