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What is WingStep (WST)
WingStep is a Web3-based fitness and health tracking mobile app with integrated NFT gaming and social media elements. It seeks a balance between health, wealth, and social interaction and converts millions of non-crypto runners and gym-goers into crypto players while offsetting carbon emissions.
WST is the utility token used for:
- Fees for processing transactions
- Minting, repairing, and upgrading NFTs
- Unlocking Gem Sockets
- Countdown Ticket Staking
- Farming in DeFi Zone
- Buying NFTs in the Marketplace
- Converting $WSS into $WST for liquidity
- Governance voting to determine development game features and roadmap
WingStep's outstanding features include:
- Five game modes: Personal mode, Party mode, Arena, Weekly Pass, Mission
- SocialFi: A WEB3 social platform with NFT integration, focusing on sharing content
- DeFi Zone: Users can earn passive income through staking WST, WSS, and farming NFTs
- In-app Marketplace
- Internal wallet & Blockchain wallet
- NFT Sneakers, Gem Socket, and badges
How Many WST Token Are There in Circulation?
WingStep Token (WST) is the utility token of the WingStep ecosystem, used as an in-game currency and alternative to experience points. WST is required for repairing, upgrading, and minting NFT Sneakers, unlocking Gem Sockets, and buying CD Tickets. Users can earn WST by moving in the 5 game modes, SocialFi, and DeFi Zone. Investors can also earn WST by staking in DeFi Zone.
WST tokens can be donated to creators on WingStep SocialFi to support them in creating content for their followers.
WST has a total supply of 500,000,000 tokens distributed as follows:
- 15% to IDO
- 15% to the Team
- 5% to Partners
- 49% to the platform's Ecosystem/Move to Earn
- 11% to DeFi/LP
- 5% for Marketing
Once used, the WST token is automatically burned to reduce the supply. Burning occurs in specific cases such as shoe-minting, repairing pairs of shoes, leveling up NFT-Sneakers, adding/upgrading gems, and unlocking new sockets.
Who Are the Founders of WingStep?
The founders of WingStep are:
- Danny Lee (Founder and CEO): He has been active in the crypto industry since early on and has had great success. He has founded numerous blockchain and crypto startups that make it easier for traditional Korean businesses to access the crypto space.
- Park Weonsik (Founder and COO): He has 6 years of experience in game planning and DPCOO, and has worked in various roles such as Mobile Business Ending Manager at Applly Mobile Korea and PM and Games at Onechip Co., Ltd.
- Park Sang Hyung (CMO): With 29 years of expertise in online marketing, he has worked at STK online, offline Agency (B2B, B2C), and provided viral marketing services for three telecommunication companies.
- Michael Scott (CTO and DB): With 25 years of experience in game creation and planning, he has served as the CEO of InfoNEX Game and Development Director of Tunami Games Co., Ltd, and CEO of NAMANA Systems Co., Ltd.
- David Brent (CPO): He has 5 years of experience in blockchain and has served as the CEO of Max Labs and CEO of Blocksun.
What Makes WingStep Unique?
WingStep stands out from other move-to-earn projects in the following ways:
- Non-VC funding rounds: WingStep adopts a community-focused strategy.
- Outstanding features: Five game modes (Personal mode, Party mode, Arena, Weekly Pass, Mission), SocialFi (WEB3 social platform with NFT integration), DeFi Zone (passive income through staking WST, WSS, and farming NFTs), In-app Marketplace, Internal wallet & Blockchain wallet, NFT Sneakers, Gem Socket, and badges.
- Revenue Model: 80% of the revenue is used for the project's finance activities, 10% for marketing activities, and 10% for the development team.
- Token & NFT deflationary mechanism: WST is used as fees for processing transactions and operations in WingStep, and all WST token fees from in-game activities (except buying NFTs) are burned. DeFi Zone requires locking $WST/$WSS for 3 months to receive NFT box rewards and stake NFT Sneakers to receive token rewards. Minting NFTs and repairing/upgrading NFT Sneakers also require WST. AFK mechanism reduces the durability of NFT Sneakers by 25% when users don't use them for a certain period, encouraging frequent usage and repair.
- Referral program.
Where Can I Buy WingStep (WST)?
You can buy WingStep on PancakeSwap.
Answers
How Many WST Token Are There in Circulation?
WingStep Token (WST) is the utility token of the WingStep ecosystem, used as an in-game currency and alternative to experience points. WST is required for repairing, upgrading, minting NFT Sneakers, unlocking Gem Sockets, and buying CD Tickets. Users can earn WST by participating in 5 game modes, SocialFi, and DeFi Zone. WingStep app users receive WST tokens generated through walking, running, and moving. Investors can also earn WST by staking in DeFi Zone. WST tokens can be donated to creators on WingStep SocialFi to support content creation for their followers. The total supply of WST tokens is 500,000,000, distributed as follows: 15% to IDO, 15% to the Team, 5% to Partners, 49% to the platform's Ecosystem/Move to Earn, 11% to DeFi/LP, and 5% for Marketing. Once used, WST tokens are automatically burned to reduce the supply. Burning occurs when minting shoes, repairing pairs of shoes, leveling up NFT-Sneakers, adding or upgrading gems, and unlocking new sockets.
Who Are the Founders of WingStep?
Danny Lee (Founder and CEO) has been active in the crypto industry since early and has had great success. He has founded several blockchain and crypto startups that make it easier for traditional Korean businesses to access the crypto space.
Park Weonsik (Founder and COO) has 6 years of game planning and DPCOO experience. He has worked in The Soul Maindex Business, Mobile Business Ending, and managed Apply Mobile Korea, PM, and Games at Onechip Co., Ltd.
Park Sang Hyung (CMO) has 29 years of expertise in online marketing. He has worked at STK online, offline Agency (B2B, B2C), and provided viral marketing services for three telecommunication companies.
MICHAEL SCOTT (CTO and DB) has 25 years of experience in game creation and planning. He has worked as a planning and producing blockchain game, CEO of InfoNEX Game, and Development Director of Tunami Games Co., Ltd. He is also the CEO of NAMANA Systems Co., Ltd.
DAVID BRENT (CPO) has been the CEO of Max Labs and Blocksun. He has 5 years of experience in blockchain.
What Makes WingStep Unique?
WingStep stands out from other move-to-Earn projects in several ways:
- Non-VC funding rounds: WingStep adopts a community-focused strategy.
- Outstanding features: WingStep offers five game modes (Personal mode, Party mode, Arena, Weekly Pass, Mission), SocialFi (a WEB3 social platform with NFT integration), and DeFi Zone (allowing users to earn passive income through staking WST, WSS, and farming NFTs). The platform also includes an in-app Marketplace, internal wallet, and blockchain wallet. Users can engage with NFT Sneakers, Gem Sockets, and badges.
- Revenue Model: 80% of the revenue is used for the project's finance activities, 10% for marketing activities, and 10% for the development team.
- Token & NFT deflationary mechanism: The DeFi Zone is designed to increase the Total Value Locked (TVL) to maintain a balanced economy. WST is used as fees for processing transactions and operations in WingStep, and all WST token fees from in-game activities (except buying NFTs) are burned. DeFi Zone requires locking $WST/$WSS for 3 months to receive NFT box rewards and stake NFT Sneakers for token rewards. Minting NFTs involves merging two NFTs of the same rarity to obtain a new NFT of the same or higher rarity, with the original NFT Sneakers being burned. NFT Sneakers require upgrading and repairing after a certain period of use, which costs $WST. The AFK mechanism reduces the durability of NFT Sneakers by 25% when users don't use them for a certain period, encouraging frequent usage and requiring repairs that cost WST. NFT Sneakers can only be sold on the Marketplace once they reach certain levels based on their rarity/stats. WingStep also has a referral program.
Where Can I Buy WingStep (WST)?
Currently, you can buy WingStep on PancakeSwap.
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