FITFI Token Plummets as Step App Announces Closure After Four-Year Run
The move-to-earn platform Step App has announced it will cease operations by August 21 following a four-year run, as its FITFI token now trades at 99.9% below its peak value.
Following a four-year operational period, move-to-earn platform Step App has announced its closure, becoming the latest addition to an expanding list of cryptocurrency ventures shutting down during the persistent market downturn.
In an announcement made on X this Wednesday, the platform revealed that all its services would cease operations by Aug. 21, urging its user base to unstake any locked tokens and handle their exchange positions prior to the specified deadline.
We are incredibly proud of what Step App achieved — not just as a product, but as a movement.
Step App
FITFI, the platform's governance and utility token, has maintained its downward trajectory. As of the time this article was published, FITFI was changing hands at $0.0001624, representing a 99.9% decrease from its peak value of approximately $0.73 achieved in May 2022, based on information from CoinGecko data.
Step App was reached out to by Cointelegraph for additional commentary, however no reply was received prior to the publication of this article.