Move-to-earn project Step App will wind down services by Aug. 21 after four years, while its FITFI token trades 99.9% below its all-time high.
Step App, a move-to-earn platform, is shutting down after four years of operation, joining a growing number of crypto companies winding down amid an ongoing market slump.
The company announced Wednesday on X that it will wind down all services by Aug. 21, asking users to unstake locked tokens and manage their exchange positions before the date.
āWe are incredibly proud of what Step App achieved ā not just as a product, but as a movement,ā Step App said.
The projectās governance and utility token, FITFI, continued to decline. At publishing time, FITFI traded at $0.0001624, down 99.9% from its all-time high of around $0.73 recorded in May 2022, according to CoinGecko data.
Step App (FITFI) all-time price chart. Source: CoinGecko
Cointelegraph contacted Step App for comment but did not receive a response by the time of publication.
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