STEPN reports $122 million quarterly profit
- July 13, 2022
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in the second quarter of 2022 M2EThe STEPN platform earned $122.5 million from app usage fees. https://t.co/HO9hTEehtx — STEP | Public Beta Phase IV (@Stepnofficial) 12 July 2022
in the second quarter of 2022 M2EThe STEPN platform earned $122.5 million from app usage fees.
https://t.co/HO9hTEehtx
— STEP | Public Beta Phase IV (@Stepnofficial) 12 July 2022
The team will send 5% of the profits to the GMT token recovery and burning program. The developers also identified a number of areas where the funds raised will help improvements:
- strengthening security and expanding server bandwidth to combat the increasing frequency of DDoS attacks;
- Improvement of the SMAC fraud protection system;
- recruiting new specialists in technical development, engineering, marketing, public relations, distribution and legal services;
- new partnerships and sponsorships for major sporting and recreational events;
- STEPN branding, to create a series of physical products under the project brand to raise awareness.
Recall that in June STEPN stopped serving users in mainland China.
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I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
