Overview of WalkN App
WalkN App is a Move2Earn project connecting the blockchain world with real world sports events. Walk, jog or run with WalkN app and earn while you get stronger EVERYDAY!
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.
WalkN App is the new kid around the corner. It is the first Move2Earn project connecting the blockchain world with real world events. How is it different? Through its platform, WalkN will offer solid income generating opportunities for its app users with unique features such as WalkN Elites, WalkN Athletes, weekly/monthly tournaments around the world. So, its users can participate in these real-world sport events, socialise with other users, and earn money while getting healthier with every step.
WalkN aims to bring people, fitness and crypto together by building a solid platform that rewards people to take care of their fitness. Through its platform, WalkN will offer solid incoming generating opportunities for its app users. Just login to the WalkN app, start your journey (walk, jog or run) and earn tokens with every step you take! One doesn’t need to have cryptocurrency to use WalkN app but you would need to have WalkN NFTs to earn tokens as you move. WalkN app is geared towards bringing people together through its unique features such as WalkN Elites, WalkN Athletes. One doesn’t need to join any of these clubs in the app if s/he wants to go solo. The idea of introducing these features is to create social engagement among WalkN app users to boost their morale and to create healthy competition.
WalkN 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.
“We’re excited and thrilled to receive incredible support from our investors. Our sole mission is bring people, fitness and crypto together by building a solid platform that rewards people to take care of their fitness.” — said Francis John, co-founder/CMO, WalkN App
WalkN App is the first Web 3 application that gives users the ability to walk, jog or run to earn high-quality tradable NFT Sneakers. Users can mint sneakers through the sneaker-box drop after achieving accomplishments within the app.
▪ Earn $WALKN/$STEPS and tradable NFTs
▪ Unlock Accessories & Packs Levels
▪ Solo I Tournament | Background Mode
Key Highlights of WalkN App
The in-app tokens, $STEPS, are earned simply by moving as long as a user has purchased a sneakers NFT via the marketplace. However, there are different modes with different levels to achieve which would unlock different upgrades, accessories and/or earning potentials.
Once a player creates an account in the WalkN app, they can use the app without earning or just explore its features before purchasing an NFT. An NFT is required in the app to start earning $STEPS tokens.
Let's go over different modes of the WalkN app!
User Income Streams
The WalkN App users will have three key income streams as described below:
Caps & Earnings
In the WalkN app, there is a cap on Daily Energy that a user can spend and a Daily Cap on $STEPS tokens a user can earn in Solo Mode. When a user starts with a new sneaker, then the energy level is 5 and it is spent within 15 minutes to exercising. The higher a sneaker level is, the more it will get Energy cap and higher earning in $STEPS tokens. Please do note that energy cap is automatically replenished by 35% after every four hours.
Taxes and Fee
Transaction Fee for Trading
Buy $WALKN: No Tax
Sell $WALKN: 2% Marketing & Reward Pool
The below table describes fees for in-app activities:
Revenue Generating Streams
For any business to survive and thrive, it must have more revenue than its expenses. That’s why, we at WalkN App, have designed our revenue streams in such a way that our cash inflows are greater than our outflows. This way, we will keep building the product and users will continue earning through our products and services.
Below are our inflows and outflows streams:
Co-founder, WalkN App. Daniel has over 20 years of technology experience in international companies globally. He has led several tech transformation projects in his career and became active in blockchain sector in early 2015. Since 2015, he has been an investors in several blockchain projects as well as an advocate of blockchain technology and its usage in real world scenarios. At WalkN App, he leads technology ops and strategic partnerships.
Co-founder, WalkN App. Francis brings decades of solid experience in building brands and helping companies achieve their ambitious targets - both financials and non-financials. He has professional and educational background in finance and he bought his first BTC in late 2016. Since then he has been using his experience in finance and knowledge of blockchain to help projects design their revenue generating strategies. At WalkN App, he leads marketing and revenue ops.
Lead Web 3.0 Developer. Hands-on, successful software professional with decades of success leading teams in delivering Web 3.0 technology solutions for web, mobile products, and enterprise software solutions. Comprehensive knowledge of platform development, enterprise architecture, agile methodologies, and cloud services. Since 2017, focused on development based on Blockchain and Decentralized Finance. At WalkN App, Petro leads anything and everything related to smart contract.
Creative Director. Creative Professional Illustrator & Comic artist with 7 years of experience, Expertise in the illustration of characters and developing of different types of graphic novel formats such as comics, webcomics and video games. Big knowledge in concept art, anatomy, colour, character design. Experience in freelancer projects that involves short films, tv series pilot production and bible creation, 2D animation, art direction and storyboarding. At WalkN App, Salim runs creative unit responsible for all art work of the app.
App Economics Director. Finance professional with 15+ years of well-rounded experience in financial modelling and planning, budgeting and forecasting, strategy formulation and execution, mergers and acquisitions, project management, portfolio optimisation and investment appraisal. During past few years, she has been involved in financing rounds for startups, working extensively on creating financial models, financial analysis and presentations. At WalkN App, Kate runs App Revenue unit responsible for designing financial model for the WalkN app to make sure that business is sustainable and rewarding to its users.
Investors, Backers & Advisors
WalkN App will have two tokens - a governance token and a in-app tokens (rewards).
Governance Token: $WALKN
The WALKN token will be used as 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.
To learn more:
- E-mail: [email protected]
- Website: https://walkn.app/
IDO information: IDO date: 13 June 2022
IDO Refund Policy
Infinite Launch has come up with Refund Policy for IDOs on our platform. These refund terms shall become effective and shall apply for all IDOs from June 9th, 2022.
Terms and Conditions of Refund:
Refund policy shall apply if one or more events below happen:
- IDO of the project poses a safety or security risk to users or the platform of Infinite Launch.
- Any information provided by the project is incomplete, invalid, misleading, or untrue;
- The token smart contract is reported to have errors that potentially affects the token minting & distribution process.
- The token experiences selling pressure before the TGE.
- In 48 hours after the TGE/token listing event, if the tokens price drops to equal or lower than that in the IDO.
- Other events that indicate any potential risk to Infinite Launch’s IDO investors.
IDO Refund Mechanism:
Infinite Launch will refund 90% of valid token collected from users. Refund processing timeline: 2–3 weeks from the date of official announcement for refund from Infinite Launch.
Infinite Launch will be responsible for an official announcement for a refund to all users/investors. Next, Infinite Launch will collect all valid tokens within 5–7 days and start to airdrop the refund directly to users wallet.
About Infinite Launch:
Infinite Launch is a multi-chain launchpad for hand-picked DeFi & NFT projects, with the first-ever mechanism where investors can lock away their tokens for guaranteed IDO allocations. Its mission is to create a decentralized and convenient platform for unique crypto projects to acquire the funding they deserve.
Find more information about Infinite Launch at:
- Website: https://infinitelaunch.io/
- Medium: https://infinitelaunch.medium.com/
- Twitter: https://twitter.com/InfiniteLaunch
- Telegram Official Channel: https://t.me/InfiniteLaunchNews
- Whitepaper: https://infinitelaunch.io/InfiniteLaunch-Whitepaper.pdf