Step App is shutting down after four years in operation. According to an announcement published on the project's official page on August 5, the app, staking, marketplace, exchange, and all other services will be permanently disabled on August 21. Users have been given two weeks to withdraw their assets.
The team did not disclose the reasons behind the shutdown and has not said whether it plans to migrate the infrastructure, transfer assets to a new operator, or offer compensation to users. Once the services go offline, the team does not guarantee continued access to wallets, the bridge, or account data.
Step App launched its mainnet in December 2022, built on Avalanche and its own Step Network. The project developed a Move-to-Earn model that allowed users to earn rewards for walking, running, and working out through its mobile app.
According to the team, the app was downloaded more than 1 million times. Project materials also stated that users from more than 100 countries logged around 140 billion steps.
The Future of the Project’s Tokens
The ecosystem relied on two main tokens. FITFI was used for governance, fee payments, and staking, while KCAL served as the marketplace's native currency and was used to upgrade SNEAK NFT sneakers, whose attributes determined the size of in-game rewards.
Following the shutdown announcement, FITFI was trading at around $0.000015, down more than 99.9% from its all-time high of $0.73 reached in May 2022. The token's initial DEX offering (IDO) price was $0.0049.
Cryptocurrency exchanges had already begun delisting FITFI before the platform announced its closure. Bithumb will suspend trading of the token on August 18, while withdrawals will remain available until September 18. KuCoin delisted FITFI on July 30 and set August 31 as the deadline for withdrawals. Bybit and several other exchanges had previously taken similar steps.
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