What is Step Finance? Step Finance is a decentralized finance (DeFi) focused Blockchain project that allows users to view their transactions on a single page. In this article, you can find answers to frequently asked questions such as what is Step Finance, what it offers, what is STEP coin, how to get it, what is it used for. As Kriptokoin.com, we have prepared it for our curious readers. Let’s examine the project together.
What is Step Finance?
Step Finance is a Blockchain project that acts as a front page on the Solana network. The project was established in February 2021 at the Solana DeFi Hackathon as an automated strategy platform. The project works similarly to the working logic of Zapper and Zerion on Ethereum. Step allows users to track all their transactions from a single platform. This is what “front page task” means. The platform has a native cryptocurrency called STEP coin. This cryptocurrency has various use cases in the services offered by the project.
Step Finance aims to show users their transactions, activities and investments and assist them in these matters. The project can be linked to smart contracts on the Solana Blockchain and offers the ability to view multiple wallets on a single page. The project runs on Raydium, an automated market maker (AMM) on the Solana Blockchain. Through Step, users can monitor their wallet balances, open orders and positions on Serum, a decentralized exchange, with an easy-to-use interface. In addition to these, the project; It also has a range of products and services such as liquidity pools, NFT gallery, charitable donations, compound yield farms, the ability to monitor for new yield opportunities.
What is STEP coin? What is it used for?
STEP coin is a token that works as the native cryptocurrency of the Step Finance project. The token was created through smart contracts on the Solana Blockchain. STEP has several use cases in the area of DeFi and wallet management within the network. STEP coin also works as the platform’s governance token. Token holders can vote on decisions regarding the future and management of the platform and bid the community for exchange. It also has the STEP coin staking feature.
Users can earn interest income at maturity by locking their token holdings with a certain maturity. STEP can be used as a payment tool for features such as NFT gallery, donation, yield farming offered within the platform. At the time of writing, STEP coin was the largest 1930’s cryptocurrency with a market cap of $590,000. In addition, 4 million of the token’s maximum supply, which was capped at 1 billion units, were in circulation.
How to get STEP coin?
STEP coin is not supported by most major and reliable cryptocurrency exchanges. This can be seen as a major barrier to the accessibility and adoption of the token. Currently STEP; It is listed by crypto exchanges such as FTX, Gate.io, MECX and AAX. Investors interested in the Step Finance project should first become a member of one of these crypto exchanges. Investors who are fully members can purchase the token by depositing funds into their wallets.
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