What is Step Finance (STEP)?

Crypto asset management has become increasingly complex as the cryptocurrency market expands. With so many options, it's hard to know which is the best platform to manage your crypto assets.

StepFinance is a crypto asset management platform that allows users to manage their cryptocurrencies efficiently and securely. The platform offers a wide range of features that facilitate the management of assets such as the display of price information in real time or the creation of price alerts.

A pocas palabras StepFinance is a 360 tool for the management of crypto assets.

Step Finance Features

StepFinance offers a wide range of features that make managing crypto assets easier than ever. These features include:

• Display of prices in real time. StepFinance offers a real-time view of cryptocurrency prices on various exchanges. This allows users make informed decisions on when to buy or sell your cryptocurrencies.
• Price alerts. The platform allows users to set up price alerts so that they can be notified when the price of a cryptocurrency reaches a certain value. This is especially useful for those who want to buy or sell cryptocurrency at specific times.
• Portfolio management. StepFinance also allows users to manage their crypto assets on a single platform. Users can add their cryptocurrencies to the platform and view a summary of their portfolio, including the total current value.

All this is possible, thanks to the fact that StepFinance has a series of functions that will make your life easier, among them:

1. Control panel (Positions, Portfolio and Visualization)
2. Information about your portfolio and the Solana ecosystem in general
3. swaps
4. NFT Gallery (View/Manage/Share NFTs in Solana)
5. Charitable Giving System
6. performance opportunities

How can we use StepFinance?

To start using StepFinance, users need to register on the platform.

Once registered, users can add their cryptocurrencies and start managing their portfolio. The platform is easy to use and offers tutorials and guides to help navigate the platform.

Remember that the operation of StepFinance depends on the well-known Relevant programs (smart contracts) built in Solana. The platform is capable of consulting them in order to obtain the necessary information to show a user and execute transactions. The main functions of Step that are implemented or planned are:

Dashboard

Dashboard view of all the tokens you have associated with an individual address with options to consolidate multiple wallet addresses into the single view and show value over time denominated in a selection of base currencies.

Token View (Swaps and Token Trades)

The tokens view allows us to obtain all the information related to the current tokens that we can handle in StepFinance. From this view we can carry out Staking or Swap operations. For staking, StepFinance uses a own pool in order to offer staking for your STEP token with a yield of up to 20%.

For Swaps, the platform uses the AMM from Jupiter, a well-known exchange that is part of Solana.

At the time, StepFinance also offered AMM capabilities for staking and liquidity mining within the platform promoting its swaps.

However, in June 2022, the team in charge of the development of StepFinance decided to eliminate gradually these functions and focus on its main objective: offer a decentralized token management platform for Solana.

NFTs

Another feature within StepFinance is the ability to track and manage NFTs within a user's portfolio and integrate them alongside other balances and positions across the ecosystem.

Minimum NFT values ​​are collected at Magic Eden and used to calculate NFTs held in portfolio equity.

NFTs can be submitted from the dashboard, and can also be viewed and sorted through the supported NFT gallery.

Opportunities

One of the most powerful features of StepFinance is known as Opportunities (Opportunities). The idea of ​​this section of StepFinance is to offer platform users a selection of spaces on other platforms to do Staking and Yield Farming, which offer good rewards and low risk, so that they can participate in these spaces without leaving StepFinance.

Thus, for example, the user can choose whether to stake STEP tokens on other platforms (such as Orca) or participate in liquidity pools, yield farming or lending, within different DeFi platforms that are part of the Solana ecosystem.

Advantages of using StepFinance

There are several advantages of using StepFinance for crypto asset management such as:

• Easy to use.  StepFinance is an easy-to-use platform that is designed to make managing crypto assets easier than ever. The platform is intuitive and offers a wide range of features that make crypto asset management simple.
• Security. Security is a priority for StepFinance. The platform uses advanced security measures to protect users' crypto assets. The platform also allows users to add two-factor authentication for added security.
• Efficiency. StepFinance offers a wide range of features that allow users to manage their crypto assets more efficiently. This can save time and effort by allowing users to manage multiple cryptocurrencies on a single platform.

StepFinance Tokenomics

Another relevant point within the operation of StepFinance can be seen in its unique tokenomics model that makes it attractive to users. StepFinance's native token, STEP, is used to pay transaction fees on the platform. Users who own STEP can also participate in the governance of the platform.

Some of the relevant data of the STEP token (built under Solana's SPL framework) are the following:

• Maximum Supply: 1.000.000.000 STEP
• Issuance period: 2 years
• Weekly emission reduction: -4%.
• Airdrops % of supply: 1%
• Founders % Supply: 20%
• Founders lock: Lock for 2 years with 25% increments every 6 months.
• Treasury % of supply: 12.219%
• Presale Investors: 11.780%
• Pre-sale block: 2-year grace period. 50% available after 1 year, 50% available year 2.
• Community and ecosystem % of offer: 55% (LPs and commercial executors)

Along with this data, StepFinance tokenomics follows a series of simple principles:

• La accumulation of value for the STEP token is the key objective
• 2-year issuance calendar with a weekly reduction of 4%. Early risk takers are rewarded and new supply coming into circulation dwindles over time and helps create long-term value given static or increasing buyback demand. It reflects the similar tokenomics of other performance aggregators (Harvest, Pickle, Yearn, etc.).
• No new issues go to STEP's native betting pool. This dilutes the supply of activities that accumulate TVL of productive value.
• The "operations executors» are defined as users who execute transactions on the Step platform that carry a fee.
• The % of the Community Reward issuances is split between LPs and Trade Executors on a weekly basis. The percentage may change over time. The current cast at the time of release is 60% for Trade Enforcers 40% for LP Stakers.
• The treasury should be sustainable financing model y have enough supply to pay top talent.
• 80% of the commissions go to STEP stakers and 20% to the Treasury.
• Staking and repurchasing: Step.finance will have a single asset pool for the STEP token. This pool does NOT receive issues. You only receive revenue generated by the protocol itself.
• Step will charge commissions for the services provided on step.finance, of which 80% will go to the stakers and 20% to the treasury.

Thanks to these principles, Step.Finance is able to create a healthy tokenomics that allows the operation and development of the platform, as well as the development of the community that makes life in Step.Finance.

Conclusion

StepFinance is a revolutionary platform that is changing the way users manage their crypto assets. With a wide range of features and a unique tokenomics model, StepFinance offers an efficient and secure crypto asset management experience.

Bibliography:

• StepFinance Official Website