1. What will happen to refunded iStep?
πWe always have had a strong passion for ISTEP and want to have a better health training community. Because we have 200,000 users who always believe, accompany and support us, so we still spend our money to continue investing in the project.
2. When will the marketplace be implemented in app?
πWe're working on making it possible to launch with the iShoes Upgrade feature. Currently, this feature is being tested on the app. This is a feature related to user assets, so this feature needs to be checked carefully before launching to avoid security errors.
3. When will iStep be burned from the market commission, from the repair of shoes in the application?
πThe number of ISTEP issues is limited, we only issued 300M tokens in total. We take revenue from sales fees, or iShoe upgrades, and return it to reward users. The revenue we get is ISTEP, we won't sell it because that will lower the price, and increase the market supply.
Here is a list of the project's public wallets, which you can check here: https://docs.istep.io/economic/tokenomics
4. Will iStep also get some sort of an anti-cheat mechanism same as Stepn?
πTechnically, we're implementing an anti-cheat mechanism using a combination of pedometers, body movements, and GPS usage. It can be seen that we are currently using a combination of the best mechanisms available today.
5. Accordingly, most of the users earn an average of 490 steps per day and sell them on the market. Don't you think this is a problem with the demand board, too much demand is entering the market? It blocks token pricing. What are your thoughts on this situation? Do you intend to take any action? Will there be a change in the earnings system to reduce the circulating supply?
πTo reduce the supply of ISTEP, besides the current features such as Staking, Farming, repairing iShoes, buying NFT,..., we will develop more features such as iShoe upgrade, buying new NFTs, minting iShoes, new running mode, and lots of other features. In addition to that, we also push MKT to attract more new users to join.
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Accordingly, most of the users earn an average of 490 steps per day and sell them on the market. Don't you think this is a problem with the demand board, too much demand is entering the market? It blocks token pricing. What are your thoughts on this situation? Do you intend to take any action? Will there be a change in the earnings system to reduce the circulating supply?