It's like the NFT-P2E idea that you need to buy an NFT first before you get to the game. So in this case with STEPN, you'll have to buy the shoe as a requirement for you to be eligible to earn as you walk or run.
I would assume the same thing as you.
Right now, it's currently on hype but everything that goes high will come down and all the hype that it has will eventually be gone.
It's just one of the transient trends in the market like P2E so it's no wonder that the hype will soon fade away. Compared to P2E, I find M2E really M2E very useful because in addition to the goal of making money, M2E can help us improve our health by jogging. I really hope this trend lasts longer than we think because it really helps.
This is not a ponzi project but with the current high price, it is very unlikely to be profitable for new holders. But if you have time to jog, maybe you should give it a try.
I remember that there's one exact project that has started it out before but it didn't do and didn't became popular.
I think with stepn, the marketing was good and they did very well on it. And as they have expanded, people have seen that it's profitable only for the early users that have accessed it.
Yeah, just like in NFT-P2E, when you're too late, you won't see how profitable it is anymore because the hype is likely gone.
