Today, the Web3 sports application STEPN released an announcement to respond to recent community concerns, involving four dimensions: cross-chain energy sharing, Mint casting scrolls, Mint cost, and shoe synthesis.

Affected by this news, the price of GST on the Solana chain increased by 20%, and it is currently reported at US$0.65. Report 2.5 BNB.

Regarding this STEPN economic model update, Odaily summarized the following points:

1. Cross-chain energy sharing is greatly reduced

In order to change the previous problem of excessive cross-chain energy sharing, the new rules require: (1) the existing chain can only share 1 energy for the new chain; (2) each new chain can obtain a maximum of 3 energy from other existing chains ;(3) The energy sharing of new chains will decay, capped at 3 in the first month, reduced to 2 in the second month, reduced to 1 in the third month, and no new energy can be obtained in the fourth month.

For example, when STEPN is launched on the new chain (assuming it is Polygon), even if the player Xiaoqin has 9 pairs of shoes in SOL and BNB, he can only get 2 energy shares at most in the new server Polygon—then two months Shared energy decays monthly. In other words, Xiaoqin has to buy new shoes in the new server to gain more energy, which also drives up the purchase of shoes in the new server, avoiding using other chains as "charging treasures".

2. Increase fertility scroll

In order not to make Mint (Mint) a purely speculative activity, and to reduce the supply of shoes on the market, STEPN decided to launch the Mint (Mint) reels.

Specifically, the Fertility Scroll requires players to obtain a mysterious treasure chest through actual movement, and open it from the treasure chest. In addition, the level of the chest has been increased from 5 to 10 to ensure that even if the player only has 2 energy, there is still a chance to get the chest. It should be noted that the STEPN official did not clearly state that every treasure chest opened has a 100% probability of obtaining a birth scroll; the high probability is that the higher the level of the treasure chest, the greater the possibility of obtaining the scroll.

Additionally, Mint's cooldown has been slightly increased, from 48 hours to 72 hours, and Mint costs have been increased slightly.

3. Dynamic Mint cost

Previously, STEPN's Mint cost adopted a floating mechanism, mainly adjusting GST for control, but after the price of GST soared more than 14 US dollars and plummeted below 1 US dollar, this mechanism was obviously ineffective.

Therefore, the new Mint mechanism adopts dynamic adjustment of GMT to achieve control. The rules are as follows: (1) No matter what the GST price is, the GST of minting coins is a constant, and the GMT part will be adjusted dynamically; (2) The adjustment rule is that when the GST price When gradually increasing, in addition to GST and base GMT (baseGMT), additional consumption of GMT (addGMT) is required; (3) Mint cost formula: GST (A) + baseGMT (B) + addGMT ([A+B]*x ). Here's how x changes as the GST price increases:

• 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%

4. Increase the shoe synthesis mechanism

Previously, the community widely proposed to increase the shoe synthesis function, and STEPN officials also agreed to this plan. Specifically:

Five pairs of shoes of the same quality can be synthesized into a new pair of higher quality shoes. For example, five pairs of green shoes can be synthesized into new blue shoes, and higher-quality (purple shoes, orange shoes) shoes in the future will no longer be a dream for ordinary players. To some extent, it also reduces the premium for high-quality shoes, giving it a new anchor.

Unlike upgrading gems, shoe synthesis will not fail, but a certain GST and GMT fee needs to be paid, which increases the future token consumption scenario to a certain extent. The new shoe types to be synthesized (Runner/Jogger/Walker/Trainer) are probabilistically related to the types of the 5 pairs of sneakers used for the synthesis.

Furthermore, the minimum/maximum attribute values ​​of the new shoes will be increased by 20%. For example, the regular attribute value of green shoes (Uncommon) was 8-18 before, and the attribute value of the synthetic version of green shoes and new shoes will be between 9.6-21.6.

In addition, users can also engrave exclusive symbols on new shoes, such as a sentence or a Logo, to increase emotional connections. This is also a new attempt for STEPN to explore social networking in the future.

In addition to the above aspects, STEPN also plans to set up user transaction NFT fees in the future:

(1) Pay a fee when listing an NFT on the market and changing the price, which prevents bots from spamming the listing and prevents users from frequently canceling and changing prices;

(2) Like the dynamic minting cost, the in-app platform fee can be dynamically adjusted according to different GST price thresholds (currently fixed at 2%+4%, it may be considered to change to a floating rate of 3%~9%.

After more than a month of hustle and bustle, STEPN has come up with a phased solution for updating the economic system. Of course, the final results have yet to be tested by the market, and in the long run, there are still more product and platform-level issues that need to be faced one by one. But no matter what, the project organizers are still willing to listen to effective suggestions from the community. As the project party said, the Web3 world requires both parties to work together to move forward.