Shiti
@shitirastogi
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CEO, FSL : @stepnofficial, @mooarofficial, @GasHeroOfficial, @dooarofficial. Life’s too short to not live up to our potential.
England, United Kingdom
Joined June 2009
It is a privilege to take over as the CEO of FSL (Find Satoshi Lab) @fslweb3 - the makers of category-defining games STEPN @Stepnofficial & @GasHeroOfficial, NFT marketplace MOOAR @mooarofficial and a DEX DOOAR @Dooarofficial . A small team, shipping fast, with big braveheart.
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1/16. 🚀STEPN's Action Plan. 💪Thank you for 1500+ responses! We loved the engagement & support . 📈Today, as promised, we would love to share our proposed plan of action for improving #STEPN in the thread below. 🧵 .
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1/16 .📈How to sustain GST price?.🏃🏽♀️How to maintain NFT SNEAKER floor price?.🔥How to work out GST inflation?.Read below and discuss with us. Give your ideas in the form linked. 🧵.
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16/16 .STEPN is With you, For You, By you .Now and Always.- TEAM STEPN !.
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Me : So our #STEPN DEX is no. 1 now.CZ : Ya, but wrong chain 😂. Laser focussed on his product and community. Only #bnb on his mind. @cz_binance is a force of nature 💪.Everyone’s love for him was so palpable in the air, you could almost touch it! ❤️
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16/16. #STEPN thanks you from the bottom of our hearts for all the thoughtful suggestions given. Who says great minds cannot come together to work for the collective good? We hope everyone continues to grow and evolve together in #STEPNVERSE.
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💪Bear or not, we build at #STEPN. Relentlessly . 🔥SMAC, DOOAR, Energy Bridge, Dynamic Minting, Scrolls, new MBs, Sneaker Synthesis . 🏃🏽♀️So much in store. Let's go!.
“When the going gets tough, the tough get going! ” Read all about SMAC, DOOAR, Dynamic minting, EnergyBridge, Scrolls, MBs and other initiatives we are launching to build the best app out there!
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9/16. Problem 4: Recycling Mechanism of Sneakers and Gems. Proposal:. • 5 sneakers same-quality sneakers can be synthesised (burned) into a sneaker of the next higher quality.• Will cost some GST and GMT, but the success rate is 100%.
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A privilege to get #STEPN story out there on the magnificent stage @CryptoBahamas. @Stepnofficial is changing millions of lives and it’s an honour to be part of this journey 🙏
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Christmas is coming this July with #STEPN! . 🏅 Airdrops for OG owners . 🏆 Raffle for all the users . 🔥 Hundreds of thousands of sneakers burnt with the promotions . Are you ready? 🏃🏽♀️🏃♂️.
At #STEPN we build, Relentlessly. After a recent slew of launches - SMAC, DOOAR, Energy Bridge, Dynamic Minting, Scrolls, new MBs, Sneaker Synthesis - we are now set to unveil something big this July. “Are you ready? ”
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Join us for all things #STEPN - we’ll discuss all our major releases this month including today’s update. SMAC, DOOAR, Scrolls, MB, energy bridge and more our action plan going forward 🚀.See u tomorrow!.
Join STEPN Monthly Townhall (SMT) at 12:00 UTC Wednesday this week for project updates. Host: @Barndog_Solana .Speakers: @Jerry10240 @yawn_rong @shitirastogi.
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📈#STEPN Q2 profits at $122.5 Mn.🔥 5% for buyback and burn of GMT .💪 Solid war chest to improve product and brand.
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15/16.A massive thank you to all our users for journeying with us. We couldn't have gotten to where we are without your constant support and input. We strive towards providing long-term value and your support is important to us.
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15/16.“There is no power for change greater than a community discovering what it cares about” .You have spoken and you have been heard! .Read more about these changes here
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🚀 Announcing SMAC - our cutting edge AI system live in our new update. 💪Detects a) GPS Spoofing b) Motion simulation c)Multimining.🏃🏽♀️ Cheating ruins it for all - artificially inflating the token and NFT prices, throwing the entire system out of sync.
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14/16.Speak Up!. While we will release our solutions soon, we want to hear our community's feedback and ideas on tackling these concerns. Please give your ideas in the form here:
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4/16. Problem 2: Pure mint-and-sell activities. Proposal:. • Rework Mystery Boxes (MB) from 5 qualities to 10 qualities. • Increase mint cooldown from 48 to 72 hours. • Increased cost to mint.
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STEPN x adidas: Step into the Future. We are proud to announce that we are teaming up with @adidas and @altsbyadidas for a long-term collaboration, to revolutionise the lifestyle app ecosystem, and bring global adoption to @fslweb3. This groundbreaking partnership will contain
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#STEPN places product and community at the heart of everything we do. Be it launch, now or in future! .I’ll be breaking it down our thinking on a) tech, b) tokenomics, c) community and d) cause.
What makes A SUCCESSFUL GAMEFI PROJECT LAUNCH? @shitirastogi from @Stepnofficial tells all. Only at #GameFiAsia ➡️
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A personal update and tectonic evolution within Find Satoshi Lab (FSL) ecosystem with #STEPN @Stepnofficial and beyond. A 🧵 below. ⚖️. It starts with #GMT earnings that we launched yesterday. This triggers a self-sustaining balance of "GMT <--> Sneakers <--> GST".
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2/16. Problem 1: Cross-Realm Energy Bridge. We still want to be able to reward loyal users while mitigating current issues. Proposal:. • Maximum of 3 extra energy on new realms (1 for each realm you own a shoe).• Extra energy will gradually reduce from 3 to 0 by the 4th month.
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If you do one thing this week on CT, let it be to attend this #STEPN townhall! .You are not ready for what's coming at #FSL 🫡.
🚨 10 GENESIS Sneakers GIVEAWAY 🚨. Yes, you read that right… we are giving away 10 Genesis Sneakers to celebrate our upcoming #STEPN Townhall!. @shitirastogi, @yawn_rong, and @Jerry10240 have a very important announcement to address, so make sure to mark your calendar 👀.📅 May
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As market begins to turn, a lot of accounts will turn back from cold storage to teach you all about their favourite tokens and projects. So a sincere request to those who are still open-minded : . 🤡This bull market, do not fall for shillers and reply guys who come with their own.
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Part 2 in our series about what it takes for #STEPN to build the future! .🏃🏽♀️ Pioneered a new market altogether .📈 Rewrote the playbook of growth in Web3 .💪 Reimagined FitTech from bottom-up. Read Part 2 here :.
Continuing our ‘Building the Future’ series, here is Part 2 talking about all things growth at #STEPN.
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14/16. Final thoughts. We have experienced volatility on both ends of the spectrum. From close to nothing on the SOL chain and extreme fluctuations on the BNB chain. For future realms, we intend to learn from our mistakes and use the SOL chain as a blueprint for better success.
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On 6th July 2022, 50 million SPL-GMT from the Ecosystem fund are burned and 50 million ERC20-GMT are minted and transferred to FTX to serve as the liquidity bridge between SPL/BEP GMT and ERC20-GMT.
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5/16. Rationale:. With the introduction of minting scrolls, we want users with just 1 sneaker to have a chance of getting a MB. Furthermore, we expect the minting changes along with other changes to create a sustainable loop in the game economy.
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10/16. Proposal (continued). • Min/max attributes of the new sneaker will be 20% more than its traditional counterpart.• Probability of shoe type based on shoe type of 5 shoes used.• Option to engrave a short immutable sentence on sneaker.
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9/16. Our Thinking : .We hope that all users can get to enjoy the benefits of exercising while earning some money. We do not want STEPN to become solely a financial product where user experience is completely detached from exercising.
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7/16. Mint Formula: GST (A) + baseGMT (B) + addGMT ([A+B]*x). GST< $4: x = 0%.$4 < GST < $8: x = 50%.$8 < GST < $12: x = 100%.$12 < GST < $16: x = 200%.$16 < GST < $20: x = 400%.$20 < GST < $30: x = 800%.$30 < GST < $40: x = 1600%.$40 < GST < $50: x = 3200%.GST > $50: x = 6400%.
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#STEPN in a matter of months became a force to reckon with, in the fitness industry. Here's how! 🏃🏽♀️🏃♂️.The best bit - we are only getting started! 🚀.
The concluding chapter in our three part series on building the future. How we re-imagined FitTech and continue to build relentlessly at #STEPN .
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6/16. Problem 3: Dynamic Minting Costs. While the dynamic minting model worked somewhat, it did not achieve our desired outcome when GST prices were over $12. Proposal:.• GST component in minting will be a constant.• As GST price increases, extra GMT costs will be imposed.
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🚀There’s never a dull day at #STEPN. 1000 under 24 hrs!!!.🤟Sharing is caring, let your frens know before it’s all gone .🏃♀️🏃♂️ Go go #STEPNApeRealm.
It’s been less than 24 hours, and 1,000 BAYC holders have already claimed their OG Sneakers. 🔥.Tag your BAYC friends before time runs out and get healthy on #STEPNApeRealm 🏃♀️🏃♂️.
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11/16.Our thinking. Understanding the importance of GST prices to users, we intend to ensure Mint-GST prices stay healthy and sustainable while keeping users interested in minting.
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Timeline is flooded with happy and grateful #STEPNTrailblazer posts. We are grateful to all of you for being with us through all ups and downs these past two years! .It’s honestly a pleasure to see #STEPN community this happy and excited.🥰🥰. Trying to clarify some queries :.
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See you there! 🔥.
🚨 10 GENESIS Sneakers GIVEAWAY 🚨. Yes, you read that right… we are giving away 10 Genesis Sneakers to celebrate our upcoming #STEPN Townhall!. @shitirastogi, @yawn_rong, and @Jerry10240 have a very important announcement to address, so make sure to mark your calendar 👀.📅 May
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"GMT earning is a small step on our roadmap, but hopefully it can be a giant leap for the STEPN community." . Always here for you, with you, by you - Team #STEPN.
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3/16. Rationale:. A simple yet promising solution to maintain our goal of rewarding loyal users without overcomplicating the process. The team wants to ensure #STEPN retains a low technical barrier to entry and a fun user experience.
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8/16. Rationale:. While many of you may find the existing dynamic minting structure sufficient, we must think about the long game. To ensure sustainability in the time to come, these changes are essential.
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4/16.First, let’s align our expectations. - More value inputs from commercial sources, less from new users. - We are committed to ensuring our product consistently gradually improves and are willing to spend on it. - New realms should not be too volatile.
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8/16.Problem 2: Mint Farms. Videos have surfaced of people minting huge amounts of shoes with multiple phones, which is not what we intended for the app.
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💪HP introduces lifespan to #STEPN sneakers .📈It prevents what's otherwise inevitable inflation .🔥Introduces sink for GST and Gems .🏃🏽♀️Lower levels don't even need to spend on restore, higher levels get a free restore per our poll. Read more here about our recent changes.
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Bear Markets the best times to build. Cos they allow Long term thinking. 🏃♀️ #STEPN pioneered #movetoearn .🤝 STEPN rewrote the playbook of #growth in web3 .💰STEPN met trad #FitTech head-on building a product that ppl use. Few can imagine where we’ll go from here. Strap on! 🚀.
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#STEPN is always thinking of ways to bridge web2 and web3. Our ACH partnership is in that direction and so is this chat. We break down what web3 is about and how to increase adoption.
🗣WEB3 WEDNESDAYS.Ep5 with @Stepnofficial CMO, @shitirastogi. 👉 Exploring web3 with industry experts & celebrating our crypto ramps that enable direct access to crypto and web3. $ACH $GMT #Web3Tube #AlchemyPay #STEPN
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13/16.Our Thinking. To ensure our game assets are able to self-regulate in the markets, introducing mechanisms to extract value regardless of the game economy sentiment to ensure a stable experience for users.
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13/16. Regarding all the proposed changes, our team at STEPN will closely monitor the situation and introduce tweaks if necessary, to ensure an optimal outcome is achieved for both STEPN and our community.
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Crypto Terms Explained - #STEPN & beyond. Tell us what we missed. If you like it, we'll expand on it.
As we constantly welcome new users to #STEPN, we take a moment to explain a few terms in crypto space. If you like what we have done, drop a comment and if the response is resounding, we will consider expanding the glossary beyond STEPN.
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TODAY we announced our new app STEPN GO. 1) New NFT burning mechanics for sustainability . 2) New Onboarding system : Haus (no need to create wallet/buy NFTs - lend and share sneakers) . 3) New in-depth social mechanics : FSL ID ecosystem, Moonbase, 3D Avataars, Outfits,.
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Did u know "@15minutecity is an urban project concept that hopes to design a neighbourhood where residents can #walk or bike to any of their daily needs in less than 15 minutes". #STEPN doing its bit to shed light on projects aligned with our mission .Healthy you, .Healthy planet.
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7/16.Our Thinking:. We aim for cross-chain bridges to reward old users while helping to expedite development of newer realms, all while ensuring there is balance.
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2/16.The last two months have given STEPN team a lot to reflect on, especially the BSC Realm. This thread gives a summary of the situation, the 4 problems team has identified and our thinking on each of them.
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Dear #STEPN community, botting and farming is a net negative for our app and our community. We've seen a heightened farming activity and as such have strengthened our anti-bot measures. We are actively looking into the issues of genuine users being bot-tagged and do apologize.
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12/16. Problem 4: Lack of adjustment mechanisms for marketplace prices. Issue only surfaced when the game economy turned bearish, a clear reflection that we Lack deflationary measures for our assets - causing a decline in user experience.
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Please tell us at which level of sneaker upgrade would you like a full free HP restore. #STEPN #community.
Dear STEPNers, over the past few days we’ve received lots of feedback about the HP System and we found one to be very helpful. So we want to give the option of a free full HP restore once the Sneaker has been upgraded to a certain level. At which level you want that to happen?.
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6/16.Problem 1: Cross Chain Bridge. Average user consumed 9 daily energy after only 20 days, due to popular 8 SOL + 1 BNB sneaker strategy. Inefficient market pricing led to a huge FOMO rush, causing huge volatility.
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11/16. Rationale:. The team and community had a very aligned sentiment regarding this solution.
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5/16.Issues.1) Cross-realm bridge brought about both financial incentives & exploitation. 2) Pure minting & selling strategies hinder overall experience.3)Frill cases for dynamic minting not fully considered.4) Lack of self-adjusting mechanisms for assets.
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Over 60 million GMT/points locked in the first 12 hours!!! 🤯. 10 hours to go for phase 1 of @Stepnofficial @adidas raffle. To participate - If u r not in the phase 1 allowlist, don't lose heart anon, phase 2 for 790 sneakers is open to all and starts.
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12/16. Possible considerations in the future:. 1. Platform fee to address potential botting and frequent price changing issues. 2. Dynamic platform fee that changes according to GST price.
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1 day to go 🏃🏽♀️🏃♂️.Are you ready #STEPN fam.#STEPNEMBER.
#STEPNEMBER is Coming 👀.Get those sneakers polished and be ready to run straight into our #STEPN Challenges.#STEPNversary
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10/16.Problem 3: Dynamic Minting considerations . While it stabilises the price of GST, recent crisis led to new issues. We lacked drivers to slowly lower the price instead of plummeting it, more detailed considerations for such a plan and inefficient dynamic mint prices.
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3/16.On the 30th April, we launched the BSC chain, a bold move in our books. We certainly paid our dues in this attempt, but we also learned a lot. In hopes the past doesn't repeat itself, we want to share our thinking.
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“Some simple-looking games aren’t that simple behind the scene, for instance, how we design the economics of our app.” .Simplicity for users is the cornerstone of #STEPN and key to onboard millions of users to web3 🚀🚀.
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Icymi our Townhall, we announced our biggest ever airdrop - and it’s going to be a week long! . Some alpha shared, more to come. So stay tuned. If u take away one thing let it be this - register your FSL id on and link to your STEPN account. Thank me.
STEPN Townhall April - Recap 🧵. We had a Townhall packed with info and exclusive a̶l̶p̶h̶a̶s̶ announcements!. 🔹 FSL ID - Vision, point systems, and more.🔹 Trailblazer AIRDROP week.🔹 New Rainbow Plan.🔹 Partnership highlights.🔹 Community questions. You missed it? Let’s dive
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#STEPN broadening access. 🔥Your fav marketplace on ur browser now .🖱Check out
Today, we have released the browser version of STEPN marketplace:.
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Today we made a world record! A Guinness world record. One of the proudest moments of my life! .We did it #STEPN fam ❤️.
🎉 WE DID IT—TWICE! 🎉. Our unstoppable community has officially broken not one, but TWO GUINNESS WORLD RECORDS™ titles! 🌍💪. 🏆 @GWR title for most users to complete a remote one-mile distance in 24 hours. 🏆 @GWR title for most users to complete a remote one-mile distance in
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My previous tweet has caused some confusion in our lovely community in Japan and I would like to offer some clarification. I was calling out the “cancel culture” where these days . where anything or any opinion is cancelled without fully understanding or appreciating the facts,.
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This is my second highest streak on any app! Some key takeaways : . 🏃♀️ #STEPNGO forced me outdoors, everyday, no matter how much work, rain or weekends. 🌳Being outdoors forced me to unplug and recharge like no other thing can . 👧 Added golden family time to our weeks. Lovin
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If strong tokenomics are the foundation, NFTs are the bricks in the walls of web3. At #STEPN we will continue to add utility to NFTs in a way not imagined before. 🏃♀️🏃♂️Stay tuned!.
Meet the CMO behind the world’s most successful #MoveandEarn app! @Stepnofficial. #Blockster deep dives with @shitirastogi, who’s incredibly talented & a total rockstar in the #Web3 space!. Discover why “NFTs are the future of fitness.” @kayleyhamiltonn 👉🏻
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⭐️ Did you know that you can now earn all of the trading fee back in points in #STEPN . ⭐️All of our 2% trading fee in @Stepnofficial will be given as points in FSL ID to our community. ⭐️log on to start earning points and u can claim 1 point = 1 GMT on
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#STEPN pushing for its mission on web3 adoption in wider sporting communities through world class collaborations .🏃♀️ 🏃♂️ ⚽️ ⚽️.
0/ We are excited to announce our partnership with @atletienglish 🇪🇸 and @WhaleFinApp to launch a first-of-its-kind co-branded Genesis sneaker!.
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Talking about #STEPN is always special. We broke down marketing evolution from web1 to web3 in the keynote. And stress tested some gaming aspects to fitness in the panel at @coingecko.
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So excited announce an airdrop to ALL of our #STEPN users who took part in #STEPNGO alpha draw. One #STEPNGO shoebox each. Thank you for being with us 🥰.
#STEPN & #STEPNGO July Townhall 🧵. Our latest Townhall was jam-packed with exciting updates and big announcements, including:. 🔹 Alpha Draw highlights.🔹 STEPN GO Alpha Testing.🔹 STEPN GO AIRDROP.🔹 New #FSLMerch.🔹 Recent STEPN Partnerships.🔹 STEPN Games.🔹 Yawn’s
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“One run can change your day, many runs can change your life.” .#STEPN changing lives everyday 🏃♀️🏃♂️.
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Coming soon to a sneaker near you 👀.Can u spot the brand!?.
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#STEPNTrailblazer is a gift that keeps giving. After the huge Badge drop, Check your FSL IDs in the next 24 hours for the genesis edition of drop! 🔥.
🚨 TRAILBLAZER GENESIS AIRDROP 🚨. #STEPNTrailblazer week continues with ANOTHER HUGE AIRDROP 🔥. Eligible Genesis holders will receive FSL Points on their #FSLID in the next 24 hours! ✨. With this new airdrop, we want to reward our most loyal community members. That’s why
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Opportunities don't happen, you create them. 💪#STEPN's APE Realm is one such .🏃🏽♀️ Inclusiveness at its core.💌 Read more in our open letter and thread below 🧵.
1/17.At #STEPN we continue to actively explore a path that no one has traveled before and we are excited to introduce APE Realm. As we open the minting of Ape Realm in a few hours this thread attempts to answer some of the questions on the APE realm and STEPN at large.
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Key takeaways from @SolanaCrossroad and #STEPN Türkiye meet up! . 1) Web3 is as IRL, if not more, as on CT. No parallel to bonding in-person with your community. We had STEPN users coming from all parts of the world - Iran, Dubai, Paris, Mauritius and from all over the country to
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Done! . Community >> everything! . Ur wish our command ❤️. Winning pot is 10K GMT now. Go go go! 🏃♀️🏃🏃♂️. And do take care of urself beautiful ppl while doing so! .Thanks @BrainDisSTEPN @Krit_G4M3fi for the nudge! 🤟.
Agreed with @BrainDisSTEPN. The event is led by @Firelauncher_ one of the most dedicated #STEPN ambassador, who perfectly fits his Community Ambassador role (Tier #2). He gathered so many good people with the challenge. We hope the team will listen. @yawn_rong @shitirastogi.
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🚨Help us break a Guiness World Record🚨 . Tomorrow [11/23], me and the @Stepnofficial community will attempt a @GWR for the most users to complete a remote one-mile distance in 24h. To celebrate, we're giving away a 1/1 Genesis Sneaker in #STEPN featuring my signature.
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#STEPN is truly a revolution - a movement like no other I know! .💪 unparalleled community .🔥 world-class product.📈 Sky-high impact and ambitions . And the best bit - we are just getting started! 🚀.
Happy #STEPNEMBER . This month, STEPN turns 1 and we want to say a big thank you to the #STEPN Community. Let’s take a look at all the incredible things we’ve achieved together this year 💚. STEPN It’s A Movement [1/9]
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🪔 To everyone celebrating the festival of lights, a very very happy Diwali 🪔 🙏. ❤️ Wishing you and your loved ones - all the health, happiness, peace, prosperity and then some #mooar 😉. #Diwali #Diwali2022
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Lighting digital campfires, millions joining us, we’ve indeed come a long long way 🔥 .#STEPN #STEPNEMBER
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At #STEPN longevity and sustainability is at the core of our thinking. Will be breaking down all the steps we are taking to ensure #STEPN is the go to destination in fitness and lifestyle 🏃♀️🏃.
THU 21 July 2022 / 15.30-16.00 BKK Time.Fireside Chat: StepN & the Future and Sustainability of Move-to-Earn.@shitirastogi of @Stepnofficial. Free registration at #REDeFiNETOMORROW2022
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