💡 Highlights

STEPN is a fitness gamefi project that removes the tedious virtual games in current P2E games with simply Move and Earn.
Move and earn offers high user stickiness and large upside in onboarding non-crypto users.
Great tokenomic design that directly benefits from user growth: currently being deflationary.
A diverse team with years of experience in crypto VC investment, game design, and app development.
Healthy unlock schedule - no VC and team token unlocks until 2023.
Finished 4th out of 500+ projects at the Solana Ignition Hackathon.

🚨 Risks

Product is heavily dependent on approval from Google and Apple app store.
Game design is highly subjective to change.
Macro risk in the overall crypto market.
Rumor: Team member, Yawn, was involved in investing in rug - pull projects back in the days.

Proxy Long to take advantage of the IEO event: Buy GST before GMT launches on Binance, sell when after the event. Important to note that the team wants the control the price of GST.
Long short: Long GMT at the time of Binance IEO, Short a basket of GameFi tokens like AXS, ATLAS and POLIS