What is Step Finance? Detailed information from A to Z about STEP virtual currency
With the extremely rapid development of the Solana ecosystem, it is quite understandable when we can often see Defi puzzle pieces appear in the areas of borrowing and lending, decentralized exchanges, exchanges. Today, Hay Mod Game will introduce to you an application in the Solana ecosystem, appearing from the Solana x Serum hackathon held in March 2021. That is Step Finance – Protocol synthesis application.
What is Step Finance?
Step Finance is a protocol aggregator and portfolio visualization platform built on top of the Solana Blockchain . Built from the last Solana Hackathon, the project allows users to track, aggregate, and execute transactions on many different protocols in the Solana platform through a single application.
In addition to the summary of positions and profits, Step Finance also provides detailed information about the user's portfolio risk. Step aims to be the premier app for Defi users with all the functionality and information needed to make informed investment decisions.
The problem of the Step Finance project posed
With the Serum ecosystem growing explosively after the Solana X Serum Hackathon ended, the need for users to constantly update, learn, and experiment with different apps makes the limitations of the platform more immersive. so not good.
Quickly grasping the problem, Step Finance has a mission to help users interact with the platform easily, focusing on optimizing the user experience. In the future, Step Finance has the ambition to become the homepage of the ecosystem, supporting users to track and automate portfolios, aggregate transactions on the platform, and easily find good sources of Farm profits. Best.
Outstanding features of Step Finance
Step Finance allows users to directly interact with their favorite protocols from within the dashboard including Yield, Pool, Swap, etc. In addition, the project also has outstanding utilities as follows:
- Automated trading strategies: Users are provided with automated trading strategies right on the Dashboard and strategy participants pay a fee. This fee is divided between STEP Staker and the project Treasury.
- Information access: Step Finance Stakers will have access to the project's information, assessment and analysis features.
- Referral: Users can use their own shared link to receive a part of the transaction fee of the person they invite to use.
- Connecting Fiat: Step Finance plans to develop a gateway to bring Fiat into the Defi ecosystem right on Solana in the not too distant future.
- Cross-Platform Access: The project intends to use bridges to access the protocol on another platform.
What is STEP?
STEP is the Token of the Step Finance project.
STEP Token Basics
- Token Name: Step Finance.
- Ticker: STEP.
- Blockchain: Solana.
- Token Standard: SPL.
- Contract: StepAscQoEioFxxWGnh2sLBDFp9d8rvKz2Yp39iDpyT
- Token type: Utility.
- Total Supply: 1,000,000,000 STEP.
- Circulating Supply: 4,000,000 STEP.
STEP Token Allocation
- Community & Ecosystem: 55%.
- Founder: 20%.
- Treasury: 12.219%.
- Presale: 11.780%.
- Airdrop: 1%.STEP Token Allocation
STEP Token Sale
Tokens are circulated by opening Pool 200,000 USDC and 4,000,000 STEP (meaning opening at 0.05 USDC/STEP) on the project's Testnet on April 25, 2021 at 7:00. 20 hours after the token sale, STEP/USDC pool on Raydium will be opened for users to provide liquidity and swap, and 10 minutes later STEP tokens will be included in Raydium's Fusion Pool.
STEP Token Release Schedule
The amount put into the Pool is not locked. The remaining amount of Tokens will be distributed as follows:
- Founder: 20% Token Vesting for 2 years.
- Presale: 11.78% Token Vesting for 2 years.
STEP Token Use Case
- Staking STEP to get rewards. 100% of the fee collected will be used to buy back STEP and distribute to stakers.
- STEP holders have special access to some of the platform's applications.
- Users can refer Step Finance to others, when they swap or use the service to receive a part of the fee.
Roadmap – Development roadmap of the Step Finance project 2022
Regarding Roadmap 2022, this is the top concern for those who are and intend to own STEP Coin. However, the roadmap of the Step Finance 2022 project has not been made public yet.
Hay Mod Game will update continuously to bring you the latest information!
Step Finance project development team, investors and partners
Development team
The team has not released information about the project team and investors.
Investors
Step Finance project is invested by Alameda Research, 3 Commas, One Block Capital, Solidity Ventures, Raydium .Investor of Step Finance project
Partner
Step Finance's partners are all projects in the Solana ecosystem such as Raydium, Saber, Mercurial, Samo, Solrise, etc. In addition, the project is also in the process of integrating with other Multi-chain bridges.
How to earn and own STEP Token
Currently, the only way to own STEP tokens is to buy tokens directly on the project's testnet on April 25. After that, you can buy and sell tokens on Raydium and Step Finance.
STEP Token storage wallet
STEP is an SPL token so you can store it on Coin98 Wallet, Sollet.io, Metamask , Ledger .... or stored directly on exchanges.
STEP Token Exchange
You can buy STEP on a number of exchanges such as: FTX, MEXC, Gate.io, FMX, ..
Community and social network of the Step Finance project
- Website
- Medium
- Discord
Through this article, you must have had your own opinions about the Step Finance project . The above article should not be viewed as investment advice. Hay Mod Game is not responsible for any of your investment decisions, but will support you all the way to understand the basics and succeed in this extremely potential market!