Step Tokenomics

STEP spl token

STEP Token: All companies and brands within the Step Group are unified by the STEP token with profits going to buybacks. Value accrual to the token is a central objective across all Step companies and products. STEP Solana SPL address: StepAscQoEioFxxWGnh2sLBDFp9d8rvKz2Yp39iDpyT

STEP is: - Not a governance token - No longer has any VCs involvement - 100% of profits from all brands under Step is used for STEP token buybacks - 93% of the total token supply already in circulation - Step is a deflationary token, no minting, no emissions - New supply only enters circulation via Reward Options Staking: When a user stakes their STEP, they receive the xSTEP token, which represents their stake in the staking vault. The xSTEP token is like any other SPL token LST and can be used to participate in DeFi.

STEP acquired through buybacks is regularly sent from the fee wallet to the staking contract. Typically, the amount is enough to maintain around 10% APY for stakers xSTEP Solana SPL address: ANYxxG365hutGYaTdtUQG8u2hC4dFX9mFHKuzy9ABQJi - You do not need to claim your rewards from xSTEP, whenever STEP is sent to the xSTEP contract the value of xSTEP increases vs STEP. This happens every 2 days or so. - You can unstake whenever you need, there are no lock-up periods or vesting - Always be sure to use Step Dashboard when staking or unstaking to eliminate any chance of slippage. Staking and unstaking happens via the contract directly from the Step Dashboard. Revenue: All fees earned by Step Group owned companies and the Step Validator go to the fee wallet address and the 100% is used to buy STEP on the open market Fee Wallet Address: 5Cebzty8iwgAUx9jyfZVAT2iMvXBECLwEVgT6T8KYmvS