Gate is going to commence Step.App(FITFI) trading on April 26th, 2022, 10:30 AM UTC
About Step.App(FITFI) :
Take your fitness habits and aspirations to the next level.
Socialize. Compete. Enrich.
Step App is a protocol for FitFi, the next frontier in crypto adoption. The first project built on this protocol is a gamified step app. You and your metaverse avatar advance together through filling daily fitness quests and PvP challenges.
The protocol SDK allows others to build on this metaverse, creating a multi-product economy for the world's health aspirations.
Step App's celebrity-endorsed augmented reality tech merges the metaverse with the physical world. It's gamified mechanics allow people to earn and compete. The integration with a metaverse creates immersion and excitement.
The growth and adoption is led by strong partnerships with global athletes, global fitness influencers, and even brands.
Token symbol：FITFI
Token Contract AVAX C-Chain: 0x714f020C54cc9D104B6F4f6998C63ce2a31D1888
Website：https://step.app/
Step.App(FITFI) /USDT Trading starts: April 26th, 2022, 10:30am UTC
Deposit Step.App(FITFI) at https://www.gate.com/myaccount/deposit/FITFI
Trade Step.App(FITFI) in USDT market via: https://www.gate.com/trade/FITFI_USDT
Gate will open an Automated Market Maker (AMM ) for FITFI, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from liquidity pool transaction fee and GT token rewards from liquidity reward pool. High annual rate rewards with security.
AMM Trading Market and AMM Liquidity Mining
Gate has launched a new version of the liquidity pool (centralized automatic market maker (AMM) transaction service) on August 1st, 2021: allowing most of the new currency and non-mainstream currency markets to obtain the same liquidity advantage as Uniswap, and allows users to enjoy the low-cost and high-quality user experience of the centralized platform. Gate will continue to add different currencies, please pay close attention to follow-up announcements.
The rules for markets to upgrade to the Automated Market Maker (AMM) model are as follows:
- Fixed 0.3% commission fee for both Taker and Maker (temporarily consistent with Uniswap, subject to the needs of both market parties)
- A fixed percentage (such as 50%) of the transaction fee will automatically be changed into GT through the open market and put into the AMM Reward Pool.
- Anyone can become a liquidity provider (LP) and get the transaction fee rewards from the liquidity pool and the GT rewards that are invested in the liquidity bonus pool.
- Liquidity providers provide liquidity to the market, but they need to bear in mind the risk of impermanent losses. For example, if the market price doubles, the impermanence loss is about 7%, and if the market price drops back to the original point, the impermanence loss disappears.
- Liquidity providers can take bonuses and withdraw at any time
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Gate Team
April 26th, 2022
