Step App, a move-to-earn project, has announced that it will be winding down its services by August 21, marking the end of its four-year run. This decision comes as the project's FITFI token has struggled, currently trading 99.9% below its all-time high.
Based on reporting from CoinTelegraph, the move-to-earn concept, which rewards users for physical activity, has been a part of various cryptocurrency and blockchain projects, aiming to promote fitness and healthier lifestyles. However, the specifics of Step App's situation and the reasons behind its wind-down have been tied to the significant decline in the value of its token.