Is STEPN [GMT]’s failure a result of the tokenomics strategy? Here’s the assessment

Is STEPN [GMT]’s failure a result of the tokenomics strategy? Here’s assessing

The tokenomics model triggered an over inflation of STEPN’s native token GMT. This outcome made the ecosystem less appealing. Thus, this affected STEPN’s ability to attract new users, while also discouraging most of the existing users.STEPN is another project based on an interesting and appealing model. Unfortunately, it is among many that have been let down by a poor tokenomics model. STEPN might have to pursue a different tokenomics and financial model in pursuit of future success.

STEPN’s developers recognized the need to do things differently and have thus highlighted plans for the platform’s future. The platform aims to generate value for its users by pursuing new revenue streams. A recent STEPN“Introduced new revenue streams to create value for our community members — launching our very own decentralised exchange, DOOAR, to channel additional money into STEPN’s ecosystem.

One of the key takeaways from STEPN’s journey is the value of having the right tokenomics. An important aspect that dapp developers should consider. Poor tokenomics might hinder success regardless of how good their idea is.Subscribe to get it daily in your inbox.

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