What is OKX? Team Background and History (OKX's most authoritative mystery solving)
1. OKX was founded in 2017 as a cryptocurrency trading services company. The company has since amassed over 20 million users and expanded its digital asset investment portfolio, which includes OKX Earn, a tool for earning passive cryptocurrency income, an NFT trading platform and decentralised app discovery centre, and the recently launched MetaX, OKX's new decentralised model that offers a cross-chain dashboard and self-hosted Web 3.0 wallet for storing (digital assets such as NFT). Wit...
What is pledging
You can think of an equity pledge as a less resource intensive alternative to mining. This option involves placing holdings into cryptocurrency wallets to provide security and operational support for the blockchain network. Simply put, equity pledging is the act of locking up cryptocurrencies for rewards. (1) What is a Pledge of Interest A pledge of interest is a process by which holders of a particular token can receive a reward. Pledges of interest originate from a proof-of-interest mechani...
How to play the perpetual contract (the most authoritative) translation
A perpetual contract is an "innovative" futures contract, pioneered by BitMEX. Traditional contracts have an expiration date, while perpetual contracts do not have a delivery date and can be held forever, so they are called perpetual contracts. (1) What is a perpetual contract? A perpetual contract is an innovative financial derivative that is based on a delivery contract, but has many differences from the previous one. A perpetual contract is similar to a secured asset market in that its pri...
What is OKX? Team Background and History (OKX's most authoritative mystery solving)
1. OKX was founded in 2017 as a cryptocurrency trading services company. The company has since amassed over 20 million users and expanded its digital asset investment portfolio, which includes OKX Earn, a tool for earning passive cryptocurrency income, an NFT trading platform and decentralised app discovery centre, and the recently launched MetaX, OKX's new decentralised model that offers a cross-chain dashboard and self-hosted Web 3.0 wallet for storing (digital assets such as NFT). Wit...
What is pledging
You can think of an equity pledge as a less resource intensive alternative to mining. This option involves placing holdings into cryptocurrency wallets to provide security and operational support for the blockchain network. Simply put, equity pledging is the act of locking up cryptocurrencies for rewards. (1) What is a Pledge of Interest A pledge of interest is a process by which holders of a particular token can receive a reward. Pledges of interest originate from a proof-of-interest mechani...
How to play the perpetual contract (the most authoritative) translation
A perpetual contract is an "innovative" futures contract, pioneered by BitMEX. Traditional contracts have an expiration date, while perpetual contracts do not have a delivery date and can be held forever, so they are called perpetual contracts. (1) What is a perpetual contract? A perpetual contract is an innovative financial derivative that is based on a delivery contract, but has many differences from the previous one. A perpetual contract is similar to a secured asset market in that its pri...

Subscribe to BTC

Subscribe to BTC
Share Dialog
Share Dialog
<100 subscribers
<100 subscribers
STEPN is a GameFi app that incorporates real-life activities with sports, social and gaming elements. By equipping the GameFi app with NFT sneakers and then taking a walk, jog or run outdoors in the real world, users can earn game coins or cryptocurrency and earn income, fulfilling the concept of the game Move to Earn. (1) What is STEPN? STEPN is an NFT game built on the Solana chain with an emphasis on the Web 3.0 lifestyle, combining elements of SocialFi and GameFi to encourage players to walk or run outdoors to earn income. The core of STEPN is the 'move-to-earn' method of earning STEPN's native token, GST, which allows players to purchase and collect different styles of sneaker NFTs and, through the mobile app, use the empowerment of sneaker NFTs to earn different benefits depending on the player's pace and choice of trainer. Players can also earn income by trading rare or highly effective sneakers. (2) What are GMT and GST? GST (Green Satoshi Token) is the name of the native token generated in the STEPN game. Players can use GST tokens to buy, sell, mint and upgrade sneakers in STEPN, as well as buy gems to enhance sneaker attributes. In addition, players can earn GST tokens by selling or renting sneakers in STEPN's Marketplace. GST reached a high of nearly USD8.43 at the end of April 2022 and has fallen back to USD3.2 due to the recent market impact. GMT (Green Metaverse Token), the GOV TOKEN for STEPN games, has only been issued for 30% of the total amount and the sneakers must reach level 30 before they can be earned, so supply is limited. The price rose from initially around USD0.15 to a high of nearly USD4 at the end of April 2022 and has fallen back to around the USD1.58 level due to recent market influences, but in fact the GMT trading price has risen more than tenfold from March. (3) GMT coin usage From what has been announced so far, it is known that GMT coins can be used to enhance the gaming experience, participate in governance and pledge. Details of GMT coin pledges are yet to be announced, but it is known that the longer the pledged GMT coins are locked in, the higher the voting weight will be. In-game, Burning GMT Coins can be used as follows: Upgrades: Upgrades to 5/10/20/29/30 Upgrade lv.4+ level gems Minting rare, legendary and epic sneakers Redistribute attribute points Permanently increase the GST daily income limit Permanently increase the success rate of all jewellery upgrades Permanently increase the chance of opening a Shoe Box chest to get a higher quality sneaker Permanently increase the chances of getting two pairs of sneakers from Shoe-Minting (4) Don't think about cheating To prevent some cheating, STEPN uses motion sensors, GPS and machine learning to detect cheating. Those caught cheating will be banned from STEPN, so until you have your money back, it is advisable not to get any bad ideas or lose it. (5) STEPN game instruction guide Step 1: How do I start? Download the STEPN app from the Google Play Store or Apple App Store. Step 2: How to verify? After entering your email and verification code on the account registration page, you will be asked to enter the "Activation Code", which you can get from the "Activation Code" in the "Step by Step" section of its official Discord. Step 3: How do I buy shoes? Once you have entered the App, you can set up a Solana (SOL) wallet and transfer the SOL to the App, then you can go to the Marketplace within the App and buy STEPN running shoes with the SOL NFT. Once you have your first pair of running shoes, you can wait 6 hours for the energy to return to full and you are ready to start earning! (6) Gems and Treasure Chests Whenever the user's sneakers reach shoe level 5, 10, 15 and 20, they can spend GST and GMT tokens to unlock one more gem slot. For lower levels it usually only costs GST tokens, higher levels cost GST + GMT tokens, the actual number of tokens needed will be adjusted according to official updates. Users need to insert the appropriate gems according to the colour of the slot to enhance the properties of the sneakers. Gems are obtained by opening treasure chests, which are dropped from the daily use of shoes with high luck, or by trading them on the market to obtain the type of gem you need. There are four types of gems, each representing an attribute. Yellow: Efficiency Blue: Luck Red: comfort Purple: Durability Gems can be further upgraded by consuming GST and upgrading 3 gems of the same level and type to a higher level, with a certain chance of success, the higher the level of the gem. (7) Breeding System The user can breed two pairs of sneakers they own and a shoe box will be created when the process is completed. The process is to select a pair of sneakers, go to the Mint tab, select the trainers to be "bred" and press Mint to proceed, at the end of which you will immediately receive a shoe box which can be opened immediately. (8) How to get your money back
Direct Trading: If players can invest more money but are too lazy to play sports, they can earn the price difference directly by trading sneakers NFT. This involves risk, of course, as you can predict the price trend of sneakers directly based on the heat of the market and the various different activities, and then make short term trades to make a profit.
Breeding new shoes for re-sale: If you have 2-3 pairs of trainers at the start of the game, you can earn money by breeding new shoes. This can be done by simply throwing blind boxes back on the market, or by trying to see if a rarer shoe can be opened in a lower-tier box. This will speed up the payback cycle, and once you've made your money back, you can even make more sneakers, increasing your energy limit step by step.
Rental: In the future, STEPN will launch a rental market, where players with more sneakers can start renting them out and become "renters", thus giving them a passive income model to earn a steady income. The rental market is not expected to be officially launched until the end of 2022.
Treasure Chests: This strategy is a way to earn GSP by buying shoes and earning daily income from treasure chests. It is recommended that when picking shoes for the opening, you can choose shoes with at least one slot for efficiency and luck, that is, E and L. Later on, the earnings of a single shoe can be effectively enhanced, because the second level of gems can actually improve the ability value of many, although for green shoes blue shoes may not help much, for gray shoes is very significant, so many people will say that if the budget is enough, you can even buy a pair of gray trainer, good quality plus a good gem slot configuration, able to be compared to the green walker. (9) Sustainability Looking at the daily trading volume of GMT, there is an upward trend, which could be interpreted as a sign of increased investor interaction with the tokens, and is bullish in the long run. Of course, as a game, there is more to development than just looking at these tables. It's also important to consider how to make the game sustainable, which is the biggest issue at the moment. A lot of the disillusionment with StepN is really about the financial sustainability of the game to make money. Maintaining such a business model would mean that the gameplay would need to be either so addictive that users would continue to play the game without cashing in their coins. The StepN team has come up with a sustainable solution. They are working on a price stabilisation mechanism to ensure that the cost of their tokens is always kept at a price that new users can afford for their shoes, but not so cheap that existing users lack the incentive to buy new ones. For example, when the GST price becomes too high and the shoes become expensive, StepN will ask players to burn their GMT to mint new shoes. Finally, the increased availability of GST leads to a sell-off and lowers their cost. At the moment, the high cost of sneakers has become a barrier to entry into StepN, putting many off. When the tide wears off, I believe shoes will become more affordable and StepN will only survive if most people use them. While the market cap is good now and maintaining a high market cap may put a lot of pressure on the team, I believe StepN will do well in a bear market and could be the next winner in a bull market if the team focuses more on the product itself.
The content introduced above is only about the basics of cryptocurrency, which is related to whether we can make money through cryptocurrency. Cryptocurrencies make money not only by scientific methods to increase income, but also by finding ways to save money. The handling fees are small, but they must not be ignored. I have calculated that with frequent transactions and long trading hours, the accumulation of fees can add up to more than 10,000 U a year. Next I will introduce a few common ways to reduce fees on large trading platforms. (1) Lowering Binance's fees Binance is currently the world's largest digital currency exchange, and you must sign up for Binance if you want to speculate on coins. The transaction fee is deducted from the assets received. For example, if you buy Ethereum/USDT, the fee is paid in Ethereum. If you sell Ethereum/USDT, the commission is paid in USDT. Example. You place an order for 10Ethereum at a price of USD3,452.55 per share. Transaction fee = 10Ethereum0.1% = 0.01Ethereum Or you place an order to sell 10Ethereum at 3,452.55 USDT per share. Transaction fee = (10Ethereum3,452.55USDT)*0.1% = 34.5255USDT What many people do not know is that the Binance transaction fee can also be reduced. If you want to reduce your Binance trading fees, you must register using the invitation link below or use the invitation code "Q022W7SC". https://accounts.binance.com/en/register?ref=Q022W7SC

(2) Reducing OKX fees OKX is a professional digital currency trading platform loved by many users, and its transaction fees can be reduced. Depending on the volume of transactions, OKX divides its users into two levels: normal and professional. Ordinary users are graded according to their OKB positions, while professional users are graded according to their trading volume and asset size. The different tiers determine the trading fees for the next trading day. When calculating the fee levels, if the coin trading volume, total trading volume of delivery and perpetual contracts (USDT delivery contract, coin-based delivery contract, USDT perpetual contract, coin-based perpetual contract), option contract trading volume, and asset volume meet the conditions of different fee levels, users will enjoy the fee discount of the highest level. First method: OKX has an official maximum saving of 20%. Use the link below to register with OKX and save 20% on fees. https://www.ouyi.business/join/BTC1ETH Second method: Open the OKX website and enter "BTC1ETH" in the "Invitation Code" on the registration page to see the cashback percentage: 20% at the bottom. Be sure to enter this invitation code, otherwise you can not get 20% cashback percentage. (3) Reduce FTX fees FTX is currently a very fast-growing, contract players more exchange, you must register FTX if you play the contract. if you want to reduce the FTX transaction fees, you must use the following invitation link to register. https://ftx.com/referrals#a=121031692 3, trading road is long, together with forward Want to know more about how to reduce the commission? telegram: btcethcool We have set up a community dedicated to researching trading, add telegram friends to pull you into the community.
STEPN is a GameFi app that incorporates real-life activities with sports, social and gaming elements. By equipping the GameFi app with NFT sneakers and then taking a walk, jog or run outdoors in the real world, users can earn game coins or cryptocurrency and earn income, fulfilling the concept of the game Move to Earn. (1) What is STEPN? STEPN is an NFT game built on the Solana chain with an emphasis on the Web 3.0 lifestyle, combining elements of SocialFi and GameFi to encourage players to walk or run outdoors to earn income. The core of STEPN is the 'move-to-earn' method of earning STEPN's native token, GST, which allows players to purchase and collect different styles of sneaker NFTs and, through the mobile app, use the empowerment of sneaker NFTs to earn different benefits depending on the player's pace and choice of trainer. Players can also earn income by trading rare or highly effective sneakers. (2) What are GMT and GST? GST (Green Satoshi Token) is the name of the native token generated in the STEPN game. Players can use GST tokens to buy, sell, mint and upgrade sneakers in STEPN, as well as buy gems to enhance sneaker attributes. In addition, players can earn GST tokens by selling or renting sneakers in STEPN's Marketplace. GST reached a high of nearly USD8.43 at the end of April 2022 and has fallen back to USD3.2 due to the recent market impact. GMT (Green Metaverse Token), the GOV TOKEN for STEPN games, has only been issued for 30% of the total amount and the sneakers must reach level 30 before they can be earned, so supply is limited. The price rose from initially around USD0.15 to a high of nearly USD4 at the end of April 2022 and has fallen back to around the USD1.58 level due to recent market influences, but in fact the GMT trading price has risen more than tenfold from March. (3) GMT coin usage From what has been announced so far, it is known that GMT coins can be used to enhance the gaming experience, participate in governance and pledge. Details of GMT coin pledges are yet to be announced, but it is known that the longer the pledged GMT coins are locked in, the higher the voting weight will be. In-game, Burning GMT Coins can be used as follows: Upgrades: Upgrades to 5/10/20/29/30 Upgrade lv.4+ level gems Minting rare, legendary and epic sneakers Redistribute attribute points Permanently increase the GST daily income limit Permanently increase the success rate of all jewellery upgrades Permanently increase the chance of opening a Shoe Box chest to get a higher quality sneaker Permanently increase the chances of getting two pairs of sneakers from Shoe-Minting (4) Don't think about cheating To prevent some cheating, STEPN uses motion sensors, GPS and machine learning to detect cheating. Those caught cheating will be banned from STEPN, so until you have your money back, it is advisable not to get any bad ideas or lose it. (5) STEPN game instruction guide Step 1: How do I start? Download the STEPN app from the Google Play Store or Apple App Store. Step 2: How to verify? After entering your email and verification code on the account registration page, you will be asked to enter the "Activation Code", which you can get from the "Activation Code" in the "Step by Step" section of its official Discord. Step 3: How do I buy shoes? Once you have entered the App, you can set up a Solana (SOL) wallet and transfer the SOL to the App, then you can go to the Marketplace within the App and buy STEPN running shoes with the SOL NFT. Once you have your first pair of running shoes, you can wait 6 hours for the energy to return to full and you are ready to start earning! (6) Gems and Treasure Chests Whenever the user's sneakers reach shoe level 5, 10, 15 and 20, they can spend GST and GMT tokens to unlock one more gem slot. For lower levels it usually only costs GST tokens, higher levels cost GST + GMT tokens, the actual number of tokens needed will be adjusted according to official updates. Users need to insert the appropriate gems according to the colour of the slot to enhance the properties of the sneakers. Gems are obtained by opening treasure chests, which are dropped from the daily use of shoes with high luck, or by trading them on the market to obtain the type of gem you need. There are four types of gems, each representing an attribute. Yellow: Efficiency Blue: Luck Red: comfort Purple: Durability Gems can be further upgraded by consuming GST and upgrading 3 gems of the same level and type to a higher level, with a certain chance of success, the higher the level of the gem. (7) Breeding System The user can breed two pairs of sneakers they own and a shoe box will be created when the process is completed. The process is to select a pair of sneakers, go to the Mint tab, select the trainers to be "bred" and press Mint to proceed, at the end of which you will immediately receive a shoe box which can be opened immediately. (8) How to get your money back
Direct Trading: If players can invest more money but are too lazy to play sports, they can earn the price difference directly by trading sneakers NFT. This involves risk, of course, as you can predict the price trend of sneakers directly based on the heat of the market and the various different activities, and then make short term trades to make a profit.
Breeding new shoes for re-sale: If you have 2-3 pairs of trainers at the start of the game, you can earn money by breeding new shoes. This can be done by simply throwing blind boxes back on the market, or by trying to see if a rarer shoe can be opened in a lower-tier box. This will speed up the payback cycle, and once you've made your money back, you can even make more sneakers, increasing your energy limit step by step.
Rental: In the future, STEPN will launch a rental market, where players with more sneakers can start renting them out and become "renters", thus giving them a passive income model to earn a steady income. The rental market is not expected to be officially launched until the end of 2022.
Treasure Chests: This strategy is a way to earn GSP by buying shoes and earning daily income from treasure chests. It is recommended that when picking shoes for the opening, you can choose shoes with at least one slot for efficiency and luck, that is, E and L. Later on, the earnings of a single shoe can be effectively enhanced, because the second level of gems can actually improve the ability value of many, although for green shoes blue shoes may not help much, for gray shoes is very significant, so many people will say that if the budget is enough, you can even buy a pair of gray trainer, good quality plus a good gem slot configuration, able to be compared to the green walker. (9) Sustainability Looking at the daily trading volume of GMT, there is an upward trend, which could be interpreted as a sign of increased investor interaction with the tokens, and is bullish in the long run. Of course, as a game, there is more to development than just looking at these tables. It's also important to consider how to make the game sustainable, which is the biggest issue at the moment. A lot of the disillusionment with StepN is really about the financial sustainability of the game to make money. Maintaining such a business model would mean that the gameplay would need to be either so addictive that users would continue to play the game without cashing in their coins. The StepN team has come up with a sustainable solution. They are working on a price stabilisation mechanism to ensure that the cost of their tokens is always kept at a price that new users can afford for their shoes, but not so cheap that existing users lack the incentive to buy new ones. For example, when the GST price becomes too high and the shoes become expensive, StepN will ask players to burn their GMT to mint new shoes. Finally, the increased availability of GST leads to a sell-off and lowers their cost. At the moment, the high cost of sneakers has become a barrier to entry into StepN, putting many off. When the tide wears off, I believe shoes will become more affordable and StepN will only survive if most people use them. While the market cap is good now and maintaining a high market cap may put a lot of pressure on the team, I believe StepN will do well in a bear market and could be the next winner in a bull market if the team focuses more on the product itself.
The content introduced above is only about the basics of cryptocurrency, which is related to whether we can make money through cryptocurrency. Cryptocurrencies make money not only by scientific methods to increase income, but also by finding ways to save money. The handling fees are small, but they must not be ignored. I have calculated that with frequent transactions and long trading hours, the accumulation of fees can add up to more than 10,000 U a year. Next I will introduce a few common ways to reduce fees on large trading platforms. (1) Lowering Binance's fees Binance is currently the world's largest digital currency exchange, and you must sign up for Binance if you want to speculate on coins. The transaction fee is deducted from the assets received. For example, if you buy Ethereum/USDT, the fee is paid in Ethereum. If you sell Ethereum/USDT, the commission is paid in USDT. Example. You place an order for 10Ethereum at a price of USD3,452.55 per share. Transaction fee = 10Ethereum0.1% = 0.01Ethereum Or you place an order to sell 10Ethereum at 3,452.55 USDT per share. Transaction fee = (10Ethereum3,452.55USDT)*0.1% = 34.5255USDT What many people do not know is that the Binance transaction fee can also be reduced. If you want to reduce your Binance trading fees, you must register using the invitation link below or use the invitation code "Q022W7SC". https://accounts.binance.com/en/register?ref=Q022W7SC

(2) Reducing OKX fees OKX is a professional digital currency trading platform loved by many users, and its transaction fees can be reduced. Depending on the volume of transactions, OKX divides its users into two levels: normal and professional. Ordinary users are graded according to their OKB positions, while professional users are graded according to their trading volume and asset size. The different tiers determine the trading fees for the next trading day. When calculating the fee levels, if the coin trading volume, total trading volume of delivery and perpetual contracts (USDT delivery contract, coin-based delivery contract, USDT perpetual contract, coin-based perpetual contract), option contract trading volume, and asset volume meet the conditions of different fee levels, users will enjoy the fee discount of the highest level. First method: OKX has an official maximum saving of 20%. Use the link below to register with OKX and save 20% on fees. https://www.ouyi.business/join/BTC1ETH Second method: Open the OKX website and enter "BTC1ETH" in the "Invitation Code" on the registration page to see the cashback percentage: 20% at the bottom. Be sure to enter this invitation code, otherwise you can not get 20% cashback percentage. (3) Reduce FTX fees FTX is currently a very fast-growing, contract players more exchange, you must register FTX if you play the contract. if you want to reduce the FTX transaction fees, you must use the following invitation link to register. https://ftx.com/referrals#a=121031692 3, trading road is long, together with forward Want to know more about how to reduce the commission? telegram: btcethcool We have set up a community dedicated to researching trading, add telegram friends to pull you into the community.
No activity yet