| Founded | 2021 |
|---|---|
| Closed | 2022 |
| Country | Singapore |
| Sector | Web3 |
| Collapse type | Zombie Startup |
STEPN
"STEPN built a move-to-earn app that paid users in crypto tokens for running — reaching 700,000 daily users and 122 million dollars in monthly revenue before the Ponzi dynamics collapsed and the token lost 98 percent of its value in three months."
Technically alive but effectively dead, burning cash
Key Events Timeline
STEPN required users to buy NFT sneakers to earn Green Satoshi Tokens (GST) by walking or running.
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