Is STEPN [GMT]’s failure a result of the tokenomics strategy? Here’s assessing

Twitter Strategy

09.09.2022 - 19:35

Reading now: 271

ambcrypto.com:

STEPN [GMT] was recently highlighted in a recent Messari Twitter thread which evaluated its performance before and after Solana [SOL] network woes. The thread showcases how market changes can disrupt and potentially destabilize dapps.

According to the Messari report, Solana accounted for roughly 20% of the fees generated by Solana users before the crash. This was during the Q2 2021 during which STEPN leveraged Solana’s robust growth.

Fast forward to the present and STEPN is struggling to gain new users its profitability is down considerably.

<p lang=«en» dir=«ltr» xml:lang=«en»>1/ @Stepnofficial once accounted for 20% of the daily fee-paying users on @solana.

After its crash, the team has been busy adjusting the game to improve user experience and tokenomics.

Can STEPN be fixed? Or is the game's model past saving?

Read more on ambcrypto.com

All news from ambcrypto.com

About this in other media

STEPN: Should users ‘ready-set-go’ for more declines in the near-term ambcrypto.com /1 year ago

Industry reps suggest improvements to Stabenow-Boozman crypto regulation bill cointelegraph.com /1 year ago

STEPN GMT’s Price Falls While Chronoly.io (CRNO) Soars to a New High cryptonews.com /1 year ago

The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.