AMA

WalkN App AMA Transcript

" WalkN aims to bring people, fitness and crypto together by building a solid platform that rewards people to take care of their fitness "

Stephanie (BSC.News)

Hello everyone and welcome to the AMA with WALKN! Today we have 2 members (@danielWalkN and @frankwalkn) of the WALKN team here with us to talk about their exciting new platform. Great to have you guys here :)

Francis John

Hello BSC News Community

Daniel Hoch

thanks Stephanie.

glad to be here, thanks for the opportunity.

Stephanie (BSC.News)

Hi Francis and Daniel 😀 Great to have you guys here today

Alright! Without further due, we will jump right into the questions. Sounds good with you?

Francis John

yes

Stephanie (BSC.News)

Great, so to kick things off, for those who may be unfamiliar...

1. Please introduce yourself and the team behind WALKN.

Daniel Hoch

Great. I can go first.

Hello, this is Daniel, co-founder of WalkN App. I manage tech and partnerships with Francis (co-founder/CMO). I have over 20 years of technology experience in international companies and have led several tech transformation projects in my career and became active in the blockchain sector in early 2015. Since 2015, I've been an investor in several blockchain projects as well as an advocate of blockchain technology and its usage in real world scenarios.

Francis John

Myself Francis John, you can call me Frank. I am co-founder of WalkN along with Daniel and looking after marketing and promotion

Daniel Hoch

We have a total of 15 team members, 4 devs focused on product development, 3 marketing n PR folks, 2 UI/UX guys on front-end, and then our community members. We're also recruiting more people to expand our marketing team to grow awareness of our product. Our team has a combined experience of several decades in tech, blockchain and finance.

Stephanie (BSC.News)

Well awesome! Sounds like you guys have a great team so let's talk about the project itself

2. What is WALKN and what are you trying to accomplish with this project?

Daniel Hoch

WalkN exists with only one mission - To bring people, fitness and crypto together by building a solid platform that rewards people to take care of their fitness.

It is a M2E product where people can use our app to walk, jog, and run to earn rewards. That's the foundation level. Will talk more about the USPs of our product later in this ama. We started exploring the idea of WalkN in mid-jan this year when we all saw p2e was not performing. We all know STEPN came around that time only. We analyzed STEPN and spotted some improvement which would increase utility and adoption of M2E products. That's how we started building the WalkN App.

Stephanie (BSC.News)

Okay neat! Let's unpack a bit as there was a lot I wanted to touch on. So first let's talk about your token

3. What is $WALKN and $STEPS and how are they utilized on your platform?

Daniel Hoch

Absolutely.

Tokenomics design is a key step in any project. So, we had to revise our tokenomics to make sure that we have a good balance between token inflation and project growth. With that in mind, we reduced our governance token supply from 5B to 3B.

Now, let’s talk about token utility within WalkN App.

WalkN App will have two tokens - a governance token and in-app tokens (rewards).

Governance Token: $WALKN

The WALKN token will be used as a governance token to determine the project's developments by its token holders. The governance token can be either purchased through WalkN's fundraising rounds or DEX/CEX. Upon launch, more WALKN tokens can be earned staking or by using WalkN app for various activities. With staking your WALKN you'll get platform rewards which are collected either via staking platform or the in-app purchases. A user must reach a certain level in WalkN to start earning WALKN tokens. So, with the WALKN token users are able to stake or purchase the in-game NFTs, sneakers, accessories and mystery boxes through the in-app marketplace.

In-game Token: $STEPS

The STEPS token can be earned by simply using the WalkN app while you walk, jog, or run. The activities can be as solo (also free-to-play), social events, or a specific event organised by the WalkN App in your region. The STEPS token can be used to level up your shoes to increase its stats, efficiency, clean or repair them which would increase its output.

Stephanie (BSC.News)

Okay awesome! Thank you for the infomation.  So to touch more on the ecosystem using the $WAKN token

4. Can you please briefly introduce WALKN app features and modes? (Solo mode, club mode, etc.)

Daniel Hoch

interesting one. Let me answer this in detail

WalkN App comes with all default features of a M2E which is earning by moving. But WalkN App also comes with a few unique features such as organizing sports events across globally.

We will also introduce regular sports events in various cities around the world with prizes to motivate people as well as to attract more users to its app. The prizes in such events would include but not limited to WALKN tokens, exclusive NFTs as well as free upgrades in the app. WalkN users will also earn through staking and eventually WalkN app will launch a stealth mode - meaning one can just download WalkN app, register and start earning even if the app is not being used in active mode as long as they’re walking, jogging or running.

Ultimately, WalkN is going to take the #M2E to the next level by offering unique in-app features, connecting physical and virtual players, and creating a healthy competition among users! WalkN will strive to build partnerships with physical asset companies in sports and eventually a user can convert their assets through an app from NFT to a physical one, shoes for example. This one is our fav and we're excited about it.

Now, different mods we have in WalkN App

Solo - Users in Solo Mode are given NFT sneakers and must move in order to earn $STEPS tokens. Earning $STEPS tokens require spending energy. In the WalkN app, for every 5 minutes of move2earn movement, user would spend 1 Energy. To replenish Energy of your NFT sneakers, user need to use $STEPS tokens. These tokens can be either bought from DEX/CEX, swap $WALKN to $STEPS, or a user can use already earned $STEPS tokens from his wallet.

Club - In Club Mode you are able to walk, jog or run together with your friends, who are able to join you via a personal invitation link.

During Club Mode, the drop rate of Energy will be slightly higher based on the amount of people you bring along. This also impact the amount of $STEPS being earned with each session. Every extra player who joins in on your Club Mode sessions will increase the multiplier and therefore result in a higher drop rate of Energy and a higher output of $STEPS.

Marathon Mode - In this mode, user can participate in different marathon tournaments and other sports events organised by the WalkN community. These events will be conducted on weekly and monthly basis.

Background Mode - This mode is designed for people who don't want to participate actively or for active users who want to earn while they are not using the WalkN app actively.

Stephanie (BSC.News)

Very cool. It's quite unique to see WalkN App can organize global sports events. For sure need to go check that out asap!

Daniel Hoch

Absolutely.

5. What do you need to get started on WALKN? Please tell us more about WALKN sneakers.

Daniel Hoch

WalkN App is free to use. This is to bring non-crypto users who can join the app using their google account and explore the app for free. But in order to earn $STEPS, one needs to have a WalkN NFT in their wallet associated with the app.

We're currently doing our first NFT Genesis event, starting tomorrow, where we're introducing our first 4444 unique NFT sneakers for our early adopters at an introductory price.

There are four types of sneakers in the app to suit every type of exercise intensity and fitness level of a user - Walker, Jogger, Runner, Trainer.

The higher rarity of a sneaker, the higher is the cost of repair but also higher potential of earnings per day.

Users’ base $STEP earning is not static, and it depends on several factors, such as:

Sneaker Efficiency (Low Resilience Affects Efficiency)

GPS Signal – Earning is dropped if GPS signal is weak while is using the WalkN app

Mobile Network signal strength and stability – Mobile network also impact a user’s earnings while using the app. If the network is bad, then user will have reduced earnings

In summary, one just need a WalkN NFT sneakers to get started in the app to start earning by moving!

Stephanie (BSC.News)

How exciting!  It's great to hear that early adoptors can get the sneakers at an introductory price.  I find the barrier to entry on some of the projects coming out is way to high

6. How does WALKN different from other Move2Earn projects out there?

Francis John

Let me take a few questions

We have several features which give us an edge over our competition.

Some of the things that we’re bringing new to this sector are:

WalkN will introduce regular sports events in various cities around the world with prizes based on our users' geolocations. Upon launch, we would be able to see user concentration based on GPS and we would use that info to decide locations of our events such as tournaments.

This would also give us an opportunity to leverage traditional media to attract non-crypto users globally.

We have a badge system for users where every badge comes with a revenue sharing feature. When a user reaches a certain level after completing tasks, such as participating in X no of marathons or running 100 miles, then users would get a badge with the app. All badge holders at different levels receive an equal amount of reward from WalkN App’s revenue streams.

Stephanie (BSC.News)

Okay I see, so there are several features that users can benefit from WALKN app but most importantly

7. Is your platform audited or has another safeguard layer in security? How can you ensure users that your platform is safe to use?

Francis John

Yes, we are audited by two leading Smart contract security Audit firm. Let me share the reports

Coinscope Audit

Coinsult Audit

To ensure users the security we deploy everything once double checked by internal and external auditor.

Stephanie (BSC.News)

Awesome!

8. Where are you on your roadmap and what are the future plans for WALKN?

Francis John

Sure, we have a detailed roadmap on our website as well as in our whitepaper -

Q2 was really focused on tokenomics finalization, fundraising, and launching $WALKN . Re product development - app is under internal testing to ensure that there are no bugs or anything before we release to beta testers.

We're on track as per our roadmap to launch the app in early Q3. We just finished our first round of testing, and now we're fine tuning UI/UX to make a user journey simple and smooth.

Q3 is all about mainnet launch, improving product in sprints, staking features and in-app marketplace launch. Q4 we’re going to focus on ecosystem growth by integration of multi-wallet, more partnerships, and testing of our unique feature - Rent2Own.

Now our next focus in INO launch tomorrow, 7th July  and Secondary market listing on 10th July

Stephanie (BSC.News)

Okay nice.  Moving on to the very last question

9. Any exciting news you would like to announce here today?

Daniel Hoch

Yes, we do have one news

Currently, we're launching our very first sneaker NFT collection, starting tomorrow on our partner - Rareboard's platform. We're launching only 4444 NFTs at introductory prices to reward our early supporters.

One can apply for whitelisting for tomorrow's mint here -  

So, I encourage your community members to apply for WL asap and grab a NFT and get ready to earn when we launch WalkN App by end of Jul!

Rest of links re WalkN App are here :

Stephanie (BSC.News)

It's definitely some exciting stuff, of course with your INO launch TOMORROW! Would you be able to provide us with social media links so that our community could follow?

Francis John

Here the links

Stephanie (BSC.News)

Awesome! If you haven't already make sure to go and check out WALKN everyone! Super exciting project that you don't want to miss out on :)

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