i saw a lot of my friends playing
My friends too. Imagine when you are walking everyday and this is not only healthy for your life but your pocket. that's why so many people interested to use and play this. They are walking everyday and making two digits bucks of more everyday. that's quite a lot for the only walking and running. that's why people want also try to rental the shoes to participate in this game 
Topic: STEPN (Read 377 times)
Do you think it is a good investment or rather a ponzi like scam?
i saw a lot of my friends playing 
This token really got lot of attention ponzi or scam i dont know but it seems legit to me
I mean the team already there you can look it one by one the advisor itself VP from adidas and the backer from sequioa which is not small company even binance is listed the coin, you know that binance always due diligence first before listing it.
I mean the team already there you can look it one by one the advisor itself VP from adidas and the backer from sequioa which is not small company even binance is listed the coin, you know that binance always due diligence first before listing it.
It's like the NFT-P2E idea that you need to buy an NFT first before you get to the game. So in this case with STEPN, you'll have to buy the shoe as a requirement for you to be eligible to earn as you walk or run.
I would assume the same thing as you.
Right now, it's currently on hype but everything that goes high will come down and all the hype that it has will eventually be gone.
I would assume the same thing as you.
Right now, it's currently on hype but everything that goes high will come down and all the hype that it has will eventually be gone.
It's just one of the transient trends in the market like P2E so it's no wonder that the hype will soon fade away. Compared to P2E, I find M2E really M2E very useful because in addition to the goal of making money, M2E can help us improve our health by jogging. I really hope this trend lasts longer than we think because it really helps.
This is not a ponzi project but with the current high price, it is very unlikely to be profitable for new holders. But if you have time to jog, maybe you should give it a try.
I think with stepn, the marketing was good and they did very well on it. And as they have expanded, people have seen that it's profitable only for the early users that have accessed it.
Yeah, just like in NFT-P2E, when you're too late, you won't see how profitable it is anymore because the hype is likely gone.
Do you think it is a good investment or rather a ponzi like scam?
One thing i know is that they are shilling a lot which means i do not trust projects that go out of the way and shill because those projects will not survive for a long time. The way they are shilling is that anonymous accounts coming to telegram groups and posting their project details randomly which is a really scammy behavior and i will not spend a dime in that.
StepN is not a scam but I am worry about the future of this project, when all types is done for what will be the fate on this project? If you want to invest money on this project make sure you buy when there is a massive sell off or when BTC goes to 27,000$ yes at this point this price is possible.
I don't think the popularity of the project will be long.Now there are already many similar ones and all pursue the same goal to earn more money.This is just a new trend, which is promoted by large sites.Today this trend will be different tomorrow.
totally depends with the ROI from the players, if the ROI can sustain for long term and this one will always exist even it has not become a hype trend again. You must remember defi even when that has not become a major trend again but the hype was still around there. The trend can't easily change. This is also depend on what new project that recently got hyped but during the bearish market and i expect nothing to happen.
I honestly very much doubt the economic model of this project gonna be sustaining for long, earning by just moving is great and all but if that’s the sole utility I mean there is no real product like with the gaming NFT it’s just gonna be boring in the long term.
I’d definitely invest in gaming platform more since they are already tested and their economic model are already growing so much. after all this kind of thing like moving for earning model is rather new and untested, basically you’re investing in a project with new
innovation and keep in mind it could either be great success or just fails miserably.
I’d definitely invest in gaming platform more since they are already tested and their economic model are already growing so much. after all this kind of thing like moving for earning model is rather new and untested, basically you’re investing in a project with new
innovation and keep in mind it could either be great success or just fails miserably.
Depends on how you react to it, if you are afraid of a scam, leave it. But if you see a good investment place, do it immediately. STEPN has not shown any signs for the long term, you can take advantage of STEPN if you think it is worth saving money there. But back to your belief, if you are afraid of losing you should just leave it and move on to another better project.
Do you think it is a good investment or rather a ponzi like scam?
I can't say for sure it's a scam or a ponzi. If we assume it's ponzi aren't all cryptocurrencies pretty much the same? can be equated all cryptocurrencies are also almost similar to ponzi, what is the value of the STEPN project in my opinion is the concept they use is very unique. Although they almost have similarities with the concept of the game Play To Earn, but their goals can also be better for health, maybe this is a concept that is still in development that is not final. Let's see ahead how the final of this concept. 
Every new project does have risks because we can't fully see the development, but for STEPN I think open a scam project and you can try to invest some of your assets, with the price is still low then the risk of loss is very small and still have hopes that the coin will increase, but you analyze again about the project so that there is no doubt and regret later.
The only advantage of this new trend is the right entry point if you got in early you will likely make a profit now look at the chart, there's a big line of pumps then a continuous dip in the price, if you choose to invest here check the roadmap and the behavior of the team are they really on a long haul, after their biggest hype, I notice that after any project's hype, the team slowed down on the development of the project.
For investments in similar projects, it is better since the public sale because you can buy them at a lower price before the tokens are listed on the exchange. But I agree with you, that having to check every detail information of every project and check reviews from trusted neutral sources, just following hype without research will lose your investment in scam project.This is very dangerous investment strategy because you know that it will be pump and dump since most of the investors is not a holder but rather same thinking like you that only wants quick profit since they missed the profit opportunity on StepN. I still prefer investing on the original project idea and just wait for the correction to enter rather than risk everything on copycat project.
Going back in here and speaking of STEPN.
I saw a post on Facebook that there were people that have bought those virtual shoes and they're also able to earn through walking as GPS is needed to track their walk.
Does anyone know that? As I've seen that they're able to make a profit from walking while that app is on. I'm not sure about the whole details but it's like an NFT shoe that's needed for you to earn as you walk.
I saw a post on Facebook that there were people that have bought those virtual shoes and they're also able to earn through walking as GPS is needed to track their walk.
Does anyone know that? As I've seen that they're able to make a profit from walking while that app is on. I'm not sure about the whole details but it's like an NFT shoe that's needed for you to earn as you walk.
What you've read was right. This is a M2E project or move to earn. But first you have to purchase a shoe and there are like several level of each shoe that would determine how much you're earning everytime you move.
This has been the new hype and there were actually more projects are copying the same.
This kind of project would definitely die down If there's not enough people purchasing the shoe.
I would assume the same thing as you.
Right now, it's currently on hype but everything that goes high will come down and all the hype that it has will eventually be gone.
It's just one of the transient trends in the market like P2E so it's no wonder that the hype will soon fade away. Compared to P2E, I find M2E really M2E very useful because in addition to the goal of making money, M2E can help us improve our health by jogging. I really hope this trend lasts longer than we think because it really helps.
This is not a ponzi project but with the current high price, it is very unlikely to be profitable for new holders. But if you have time to jog, maybe you should give it a try.
Going back in here and speaking of STEPN.
I saw a post on Facebook that there were people that have bought those virtual shoes and they're also able to earn through walking as GPS is needed to track their walk.
Does anyone know that? As I've seen that they're able to make a profit from walking while that app is on. I'm not sure about the whole details but it's like an NFT shoe that's needed for you to earn as you walk.
I saw a post on Facebook that there were people that have bought those virtual shoes and they're also able to earn through walking as GPS is needed to track their walk.
Does anyone know that? As I've seen that they're able to make a profit from walking while that app is on. I'm not sure about the whole details but it's like an NFT shoe that's needed for you to earn as you walk.
What you've read was right. This is a M2E project or move to earn. But first you have to purchase a shoe and there are like several level of each shoe that would determine how much you're earning everytime you move.
This has been the new hype and there were actually more projects are copying the same.
This kind of project would definitely die down If there's not enough people purchasing the shoe.
I would assume the same thing as you.
Right now, it's currently on hype but everything that goes high will come down and all the hype that it has will eventually be gone.
Do you think it is a good investment or rather a ponzi like scam?
Obviously not a Ponzi but a trending coin/token with Move To Earn concept, it is new thing just like previously saw the DeFi and then play to earn now it is MOVE TO EARN trend.
the coingecko have created a sprit category for M2E projects and STEPN is on top.
~
This has been the new hype and there were actually more projects are copying the same.
yes I saw some projects that are being launched on daomaker same shoe storyThis has been the new hype and there were actually more projects are copying the same.
This kind of project would definitely die down If there's not enough people purchasing the shoe.
it happen all the time when trend changes. 
The only advantage of this new trend is the right entry point if you got in early you will likely make a profit now look at the chart, there's a big line of pumps then a continuous dip in the price, if you choose to invest here check the roadmap and the behavior of the team are they really on a long haul, after their biggest hype, I notice that after any project's hype, the team slowed down on the development of the project.
For investments in similar projects, it is better since the public sale because you can buy them at a lower price before the tokens are listed on the exchange. But I agree with you, that having to check every detail information of every project and check reviews from trusted neutral sources, just following hype without research will lose your investment in scam project. 
I don't think the popularity of the project will be long.Now there are already many similar ones and all pursue the same goal to earn more money.This is just a new trend, which is promoted by large sites.Today this trend will be different tomorrow.
The only advantage of this new trend is the right entry point if you got in early you will likely make a profit now look at the chart, there's a big line of pumps then a continuous dip in the price, if you choose to invest here check the roadmap and the behavior of the team are they really on a long haul, after their biggest hype, I notice that after any project's hype, the team slowed down on the development of the project.
I don't think the popularity of the project will be long.Now there are already many similar ones and all pursue the same goal to earn more money.This is just a new trend, which is promoted by large sites.Today this trend will be different tomorrow.
The presence of several competitors with the same goal will make the hype last longer, but unfortunately scam projects will infiltrate every hype to take advantage of the enthusiasm of the community. But we need to know that every hype will just disappear without saying goodbye, so we need to consider looking for profits from hype project investments in the long term. 
A good investment if you are an early adopter or venture capitalist in such projects, but the very way of earning is more like a ponzi scheme and long-term investment in such projects can turn out to be a disaster. The idea itself is good for earning money and will probably be developed further, but you can not be sure that the project in its current form will also maintain interest at the same level and constantly attract new users. And without new users, this project will not survive, otherwise who will pay rewards?
If you decide to buy sneakers in this project and start earning tokens, it's a bad investment, especially now that the altcoin market is constantly tending downward and the value of these tokens is constantly dropping.
If you decide to buy sneakers in this project and start earning tokens, it's a bad investment, especially now that the altcoin market is constantly tending downward and the value of these tokens is constantly dropping.
Do you think it is a good investment or rather a ponzi like scam?
Such schemes necessarily end with the depreciation of the coin, and in this case, GMT, which went to correction a few days ago, will act as such a coin. But this will not happen soon and perhaps now there is a good opportunity to buy a coin at a reduced price. But you should remember that such a coin is not intended for hold.
Do you think it is a good investment or rather a ponzi like scam?
if you look at the concept, I think this project is good, move and get a reward. a new concept in the field of NFT, if previously nft was dominated by games, this project comes with a different concept and offers something good. so this could be a good investment, and a long way from being called a ponzi.
Going back in here and speaking of STEPN.
I saw a post on Facebook that there were people that have bought those virtual shoes and they're also able to earn through walking as GPS is needed to track their walk.
Does anyone know that? As I've seen that they're able to make a profit from walking while that app is on. I'm not sure about the whole details but it's like an NFT shoe that's needed for you to earn as you walk.
I saw a post on Facebook that there were people that have bought those virtual shoes and they're also able to earn through walking as GPS is needed to track their walk.
Does anyone know that? As I've seen that they're able to make a profit from walking while that app is on. I'm not sure about the whole details but it's like an NFT shoe that's needed for you to earn as you walk.
What you've read was right. This is a M2E project or move to earn. But first you have to purchase a shoe and there are like several level of each shoe that would determine how much you're earning everytime you move.
This has been the new hype and there were actually more projects are copying the same.
This kind of project would definitely die down If there's not enough people purchasing the shoe.
Going back in here and speaking of STEPN.
I saw a post on Facebook that there were people that have bought those virtual shoes and they're also able to earn through walking as GPS is needed to track their walk.
Does anyone know that? As I've seen that they're able to make a profit from walking while that app is on. I'm not sure about the whole details but it's like an NFT shoe that's needed for you to earn as you walk.
I saw a post on Facebook that there were people that have bought those virtual shoes and they're also able to earn through walking as GPS is needed to track their walk.
Does anyone know that? As I've seen that they're able to make a profit from walking while that app is on. I'm not sure about the whole details but it's like an NFT shoe that's needed for you to earn as you walk.
Stepn 15% down …
Any ideas why it’s down 16% in a matter of minutes?
Both of you didn't even aware with the bitcoin chart, right? someone was dumping 10k bitcoin at once and this is creating a small dump to the market. Seeing GMT down around 15% was a common thing as bitcoin already gone down more than 7% in 24h chart. So expect altcoins to go down doubled compared with the bitcoin. Once the hype will come and this will trigger the pump for the GMT.
Is not it the right time to buy this? You must also aware with the bitcoin dump as well.
It's unlikely a scam.
But if it looks like a Ponzi scheme[1], it is considered a fraud[2], and any form of fraud is an act of scam.Quote
FRAUD AND SCAMS. Fraud is an act, expression, omission or concealment that deceives another to the fraudster's advantage while scams are fraudulent business schemes to mislead/swindle/victimize a person or persons with the goal of financial gain.
But you've said that it's just 'looks' like one.
What can you see that it's look like a ponzi scheme? I'm interested to know more about it.
It's also dropping right now just how correlated altcoins are with bitcoin.
I just regretted that I didn't get in early and now the floor price is much more expensive than I thought. It's something that I cannot afford anymore. If only I wasn't hacked last time, I could have afford to buy at least one sneaker regardless of the price movement of the market right now.
I did created an account and asked for an activation code, but it's just that these sneakers are expensive and I wish I could try them since I walked a lot everyday.
I did created an account and asked for an activation code, but it's just that these sneakers are expensive and I wish I could try them since I walked a lot everyday.
Any ideas why it’s down 16% in a matter of minutes?
BTC isn't looking good right now and if this continues altcoins like Step'N will lose more value, its the way things works in crypto, if you aren't ready to hold alt for long term do not buy anything for now, wait and wait for possible dips before buying. and dont you see many problems for STEPN in future when the hype gets less and less new people are joining to buy shoes?
So the team must have prepared a solution for that. When shoes being used also to burn GMT and GST. that may be a big problem when less demand mean if users will be creating a very high inflation. In this case the same problem that already faced by axie and more features or development must happen. I know someday any users will have reached their peak stats for their shoes. This means if they will not be interested to increase the rank for their shoes.
It's a good investment for now. Calling it as a ponzi while so many people are using it. Any scheme in the crypto can correlate with the pyramid scheme but as long as we can do that the scheme that used a proper mechanism and it will become like what stepn does. There's no reason to call it as a ponzi or scam. the fact that so many people able to earn that for free. I think that you are feel too skeptical about this.
So many play to earn were ponzi but the question is whether it can sustain for long term or not. The play to earn model must have a proper tokenomic to make it happen.
So many play to earn were ponzi but the question is whether it can sustain for long term or not. The play to earn model must have a proper tokenomic to make it happen.
it is a good project considering its concept and also the fact that it brings new innovation in regard of mining by moving and the uses of GPS also kinda proves that it’s just not some trickery.
regardless I think this project seems kinda overvalued already I mean you could get maybe lower prices for investment if you just wait it out I’m sure although i’m still thinking that the price for this altcoin
could still reach another height of ATH in the future, as many people here have said there are already so many clones created but still STEPN is the ones that gonna seizes the glory if it keeps on getting more and more attention since it’s the original.
regardless I think this project seems kinda overvalued already I mean you could get maybe lower prices for investment if you just wait it out I’m sure although i’m still thinking that the price for this altcoin
could still reach another height of ATH in the future, as many people here have said there are already so many clones created but still STEPN is the ones that gonna seizes the glory if it keeps on getting more and more attention since it’s the original.
STEPN is a new trend in the market and it was initiated by binance so it is legit. I don't know how long the move to earn trend will last, but personally I find it very useful and has practical applications, players are both healthy and can earn rewards.
It's not x30 but STEPN has increased x300 from the IEO price on Binance. STEPN has been extremely profitable for holders since the beginning, so if the OP or anyone wants to buy it now it's not a good idea.
That doesn't mean though that i would buy STEPN now because i avoid buying tokens that made huge gains very recently and if you are looking at the chart of STEPN then it is obvious that early investors already made a x30 on their investment.
It's not x30 but STEPN has increased x300 from the IEO price on Binance. STEPN has been extremely profitable for holders since the beginning, so if the OP or anyone wants to buy it now it's not a good idea.
Even when this was using pyramid as its scheme but it's still too far from being a scam project. Stepn has real usefulness and the tokenomic was totally make sense compared with another play to earn game like axie infinity or something else. I prefer to take GMT as the best play to earn rather than axie infinity. The token can sustain for long term as the task that used by this gem was taking the daily life activity.
it seems like that people are also aware about this and so many people able to earn for free through this mechanism unlike those paid to earn like axie
it seems like that people are also aware about this and so many people able to earn for free through this mechanism unlike those paid to earn like axie
https://www.btc-echo.de/news/ist-stepn-wirklich-so-gut-wie-viele-glauben-140326/
Author of this this article bought shoes for around 1000 and made some money by using them before selling them. He says there will be problem when not enough people are joining after the Hype. He mentioned the term ponzi
Definitely, anything that relies solely on the newcomer without any real-life utility on it maybe categorized into a Ponzi Scheme.Author of this this article bought shoes for around 1000 and made some money by using them before selling them. He says there will be problem when not enough people are joining after the Hype. He mentioned the term ponzi
I dont know if it good to enter now, because a lot of people enter in much deeper price, but project with future - for sure!
If you are not thinking of investing with your money, I think it is good to enter taking advantage of their free entry.It's unlikely a scam.
But if it looks like a Ponzi scheme[1], it is considered a fraud[2], and any form of fraud is an act of scam.What made you think of it is probably because of the quick pump of its price. It's one of the coins that have launched recently and got the attention and all thanks to Binance.
If you plan to buy it right now, you shouldn't because it's currently at the peak of it.
Or avoid it altogether.
[1] https://en.wikipedia.org/wiki/Ponzi_scheme
[2] https://www.investopedia.com/terms/f/fraud.asp
It's unlikely a scam.
What made you think of it is probably because of the quick pump of its price. It's one of the coins that have launched recently and got the attention and all thanks to Binance.
If you plan to buy it right now, you shouldn't because it's currently at the peak of it.
What made you think of it is probably because of the quick pump of its price. It's one of the coins that have launched recently and got the attention and all thanks to Binance.
If you plan to buy it right now, you shouldn't because it's currently at the peak of it.
Do you think it is a good investment or rather a ponzi like scam?
A month ago there was a big problem with registration, because there were not enough invitation codes for everyone and the codes were selling from 25 to 100 dollars. Now invitation codes are distributed to everyone in telegram groups. For me, this is an indicator not to participate. The project already has many clones, and an outflow of participants is waiting for it. Do you think it is a good investment or rather a ponzi like scam?
I have seen quite a lot of new threads about STEPN coming up in the last few days here in this forum. This definitely proves that STEPN and the fitness token trend that it started are probably the biggest topic at the moment in the crypto space. I am not to familiar myself with STEPN but i think it is safe to say that it is definitely a legit project and not a scam or a ponzi scheme. That doesn't mean though that i would buy STEPN now because i avoid buying tokens that made huge gains very recently and if you are looking at the chart of STEPN then it is obvious that early investors already made a x30 on their investment.
The idea of buying shoes with a high amount of money makes me feel like its a Ponzi, this is just like buying Hashing power through cloud mining back in those days of genesis mining, this is Ponzi and sooner or later the token will start performing worse, buy, make profit and sell.
https://www.btc-echo.de/news/ist-stepn-wirklich-so-gut-wie-viele-glauben-140326/
Author of this this article bought shoes for around 1000 and made some money by using them before selling them. He says there will be problem when not enough people are joining after the Hype. He mentioned the term ponzi
Author of this this article bought shoes for around 1000 and made some money by using them before selling them. He says there will be problem when not enough people are joining after the Hype. He mentioned the term ponzi
Step'N do have a great team but the project looks like a short term grab to me, make profits and sell, not the type of token I will like to hold for a very long term, if you are looking to buy id say you should hold your horses, dips will happen but short term or long term holding that's your decision to make.
What and talking about the Move to Earn Token which is quite booming lately because the article if you want to buy shoes around 10-15 SOL then run every 11 minutes to get a prize?
You need to know 2 things, what is a scam and what is Ponzi. If you think both are the same then a google search can help and get the definition.
We are talking about a project collaborating with a shoe factory where runner data cannot be manipulated. This means that you have to walk or rent shoes to other people to earn a daily income. The STEPN token really has a lot of initiatives where most of the other tokens are aggressive towards P2E and their Metaverse actually collaborates with the real world. Where you will get the output when run. Besides being healthy, you can also earn money.
You need to know 2 things, what is a scam and what is Ponzi. If you think both are the same then a google search can help and get the definition.
We are talking about a project collaborating with a shoe factory where runner data cannot be manipulated. This means that you have to walk or rent shoes to other people to earn a daily income. The STEPN token really has a lot of initiatives where most of the other tokens are aggressive towards P2E and their Metaverse actually collaborates with the real world. Where you will get the output when run. Besides being healthy, you can also earn money.
Far from Ponzi or scam, you are free to invest because this is just the best one out of the rest, every new Stepn wannabe projects are just here to catch the hype and cruise along, the only but that's here is avoid buying at a very high price, I believe that this project will still bring a massive correction soon.
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