WALKN is a web3 fitness app and aims to unite people, fitness and cryptocurrencies, building a solid platform that rewards people for taking care of their fitness. Just access the WalkN app, start your journey (walk or run) and earn Tokens with every step you take.
It is not necessary to have cryptocurrencies to use the WalkN app, but you do need to have WalkN NFTs to earn tokens as you move. The WalkN app is geared towards bringing people together through its unique features like WalkN Elites, WalkN Athletes. It is not necessary to join any of these clubs in the app if you want to go it alone.
What is WalkN App (WALKN)?
WALKN is a web3 fitness app that integrates the Move To Earn engine through activities like walking and running. WalkN exists with only one mission to bring people, fitness and crypto together, building a solid platform that rewards people for taking care of their fitness. WalkN provides a platform to improve one’s physical condition while earning cryptocurrency rewards. It leverages the newborn trend, Move2Earn. App users purchase an NFT of their choice, launch the app and earn money with every step they take.
The WalkN app is geared towards bringing people together through its unique features such as WalkN Elites, WalkN Athletes. It is not necessary to join any of these clubs in the app if he/she wants to go alone. The idea of introducing these features is to create social engagement among WalkN app users to boost their morale and create healthy competition.
WalkN will also present regular sporting events in various cities around the world with prizes to motivate people as well as to attract more users to its app. Prizes at such events would include, but not limited to, WALKN tokens, exclusive NFTs, as well as free in-app upgrades. WalkN users will also earn through staking and eventually the WalkN app will launch a stealth mode which means you can simply download the WalkN app, register and start earning even if the app has not been used in active mode since who are walking or running.
In the end, WalkN will take M2E to the next level by offering unique in-app features, connecting physical and virtual players, and creating healthy competition among users! WalkN will strive to build partnerships with physical goods companies in sport and eventually a user will be able to convert their goods through an NFT application to a physical application such as shoes.
WalkN App
The WalkN App team will release the app shortly after the token is released. App users will be able to stake their WALKN tokens to earn income passively. Each bet will enter into an NFT lottery.
Prior to the official public release of the WalkN app, a closed private Beta will be released. Invitations to the Private Closed Beta will be sent to all members who have participated in any WalkN fundraising round through us or any IDO platform. The public Beta version will be released two weeks after that. 300 activation codes will be sent to the top 300 holders of the WALKN coin.
Power System
When a user uses the WalkN app, each movement consumes energy. Power is replenished 20% every 6 hours until the user reaches their efficiency threshold. Each shoe comes with a different energy level, starting at 5 energy points, but the user can always buy more by burning STEPS tokens in the app or by betting more WALKN coins.
anti-cheating
In order to prevent users from abusing the app and cheating within the app, the WalkN app has three built-in anti-cheating mechanisms. If a user is found to be cheating, the account related to the user is banned and no longer earns.
- Tracking using GPS.
- Built-in health application and sensors of a phone.
- AI-enabled data simulation to detect any erratic behavior.
Limits and gains
In the WalkN app, there is a daily energy limit a user can spend and a daily limit on STEPS tokens a user can earn in Solo Mode. When a wearer starts with a new shoe, then the energy level is 5 and it takes 15 minutes to exercise. The higher the level of a shoe, the more it will get the power cap and the higher gain in STEPS chips. Please note that the power cap is automatically replenished by 35% after every four hours.
User’s daily energy limit:
- Minimum Energy Limit: 5
- Max Energy Limit: 50
A User’s Daily Earning Limit:
- Minimum win: 5 STEPS tokens
- Max gain: 400 STEPS tokens, up to level 29
- Max Gain (additional): 20 WALKN Level tokens
Taxes and fees
Transaction fee for trading:
- Buy WALKN: tax free
- Sell WALKN: 2% Marketing and Reward
Name tags
Badges are earned by users after completing tasks within the app. There are 5 types of badges and with more difficult tasks the badges are louder. With these badges, the user receives additional in-app benefits such as an Energy bonus when using Solo or Club mode, a reduced cost of shoe printing or a reduction in transaction fees when using the WalkN marketplace.
WalkN App: App modes
STEPS, are earned simply by moving as long as a user has purchased an NFT shoe via the market. However, there are different modes with different levels to reach that will unlock different upgrades, accessories and/or earning potentials. When a player creates an account on the WalkN app, he can use the app without winning or just exploring its features before purchasing an NFT. An NFT is required in the app to start earning STEPS chips.
Solo Mode
Users in Solo Mode are given NFT sneakers and must move to earn STEPS chips. To earn STEPS tokens it is necessary to spend energy. In the WalkN app, for every 5 minutes of movement2 of movement, the user would spend 1 Energy. To restore power to their NFT shoes, the user needs to use STEPS chips. These tokens can be purchased on DEX/CEX, exchange WALKN for STEPS, or a user can use already purchased STEPS tokens from their wallet.
The WalkN app would allow the user to see a status indication of their activity based on their speed. It would be walking, jogging or running. In case of poor GPS detection, it will be displayed in the app and the user will not be able to earn STEPS tokens, but will not spend any energy either.
For every minute of movement, a coin will be awarded based on four key parameters:
- sneaker type – Each NFT sneaker has a different STEPS return base based on its type.
- Sneaker Efficiency – The more efficient a shoe is, the more STEPS it earns every minute. There are a total of 30 levels, 0-29, users can only earn STEPS. At the highest level, level 30, users will have the option to choose between continuing to earn STEPS or unlocking additional accessories like mystery box, upgrades. Users at this level will have control over their gain types and can switch back and forth as they wish.
- Sneaker’s Comfort Attribute – The higher the comfort level of a shoe, the more a user can earn. At the highest level, level 30, users will have the option to choose between continuing to earn STEPS or unlocking additional accessories such as mystery box, upgrades.
- Sneaker’s movement speed – The movement speed of a shoe is a very important aspect of gaining STEPS. A user must stay within the shoe’s range in order to achieve greater gains. Whenever a wearer goes out of a shoe’s optimal range, their earnings can drop by as much as 80%, depending on the difference between their current speed and the optimal range. Earnings will stop after the power runs out, but a user can still continue tracking their movements or manually exit Solo Mode from within the app.
Club Mode
No Club Mode you can walk, run or run together with your friends, who can join you via a personal invite link. During Club Mode, the power outage rate will be slightly higher based on the amount of people you bring with you. This also affects the amount of STEPS you earn with each session.
Each extra player that joins your Club Mode sessions will increase the multiplier and therefore result in a higher Energy drop rate and higher STEPS production. This goes for everyone who participates in the Club Mode session. With Club Mode, players have the option to race in a group of two, four, six, or even more. Just send them an invite link and get them to join!
Metaverse Club Mode
You can also choose to join the WalkN App club metaverse anytime and anywhere. There are nine types of clubs to choose from. Each club will have a different energy burn rate and STEPS earning potential. When a user moves up the club level, there will be various perks like mystery box, upgrades, new sneakers, etc.
Marathon Tournament Mode
In this mode, the user can participate in different marathon tournaments and other sporting events organized by the WalkN community. These events will be conducted weekly and monthly. To participate in the tournaments, users must register at least 24 hours in advance on the tournaments tap. There will be a small tournament entry fee, which will be refunded upon successful completion of the Tournament.
s the word implies, a Weekly Tournament lasts for an entire week. A player can only participate in one Weekly Tournament at a time. With the Weekly Tournaments, the player is able to choose between the following distances: 2,5 km, 5 km and 7,5 km. The distance selection may change over time depending on the preference of the WalkN app community.
In addition to the Weekly Tournaments, the WalkN app will also host Monthly Tournaments, which again, as the name implies, runs for an entire month. As with Weekly Tournaments, players can also participate in only one Monthly Tournament at a time. With the Monthly Tournaments, players will be able to choose between the following distances: 5km, 10km and 15km. Again, the distance selection may change over time depending on the preference of the WalkN app community.
Registration fee
To ensure participants’ commitment, a small $WALKN token entry fee will be charged at the time of registration. The entry fee is refunded once the marathon is completed. Any participant who does not complete the marathon in the specified time will have their fees sent to a common pool that would be used for Leaderboard rewards.
WalkN Marketplace
Trade
Users will be able to buy and sell their shoes, mystery boxes, packs and accessories with/from other users. Users will only use WALKN tokens for any transaction within the tennis market. WALKN coins can be purchased on a CEX, DEX or directly within the app using BNB.
Leasing & Renting
Users will soon be able to rent or rent their shoes to other users using the WalkN app. To do this, the user must reach the Badge which unlocks the rental feature for them. Once qualified, users can create a 24-hour rental agreement using their WALKN tokens. Upon expiration of the contract, WALKN tokens are refunded to the contract owner.
A lease agreement can last up to 10 days. Failure to comply with the terms of the Rental Agreement will result in a reduced rating for the renter. When a renter completes a session in Solo mode, the rental agreement distributes earnings in accordance with the rental agreement. Earnings for renters and renters are fixed. Renters will be rewarded with 1 star for each successfully completed Rental Agreement.
WalkN app token
Governance Token: WALKN
The WALKN cryptocurrency has the maximum supply of 3.000.000.000 WALKN tokens. The WALKN coin will be used as a governance token to determine project developments by its token holders. Governance currency can be acquired through WalkN or DEX/CEX fundraising rounds. At launch, more WALKN tokens can be obtained through wagering or using the WalkN app for various activities.
By staking your WALKN you will receive platform rewards, which are collected through the staking platform or no-app purchases. A user must reach a certain level in WalkN to start earning WALKN tokens. So, with WALKN chips users can bet or buy the NFTs, sneakers, accessories and mystery boxes in-game through the in-app market.
In-game Token: STEPS
The STEPS token can be obtained simply by using the WalkN app while walking, jogging or running. Activities can be solo (also for free), social events, or a specific event organized by the WalkN app in your region. The STEPS token can be used to level up your shoes to increase their stats, their efficiency, clean or repair them which would increase your production. ewards).
Final Thought
WalkN App is a Move2Earn project that connects the blockchain world with real-world sporting events. Walk, run or run with the WalkN app and earn while getting stronger every day. WalkN will bring people, fitness and cryptocurrencies together, building a solid platform that rewards people for taking care of their fitness.
