# StepNet > StepNet is an on-chain economy on Polygon. STEP is a DAI-backed token priced by its own reserve (price = DAI reserve ÷ STEP supply, no oracle); every new STEP is minted by StepDex, its bonding-curve exchange, against DAI. Around it run a six-Box subscription network, the StepClub loyalty club, a 1,000-piece NFT collection with a buy-back desk and daily yield, and a revenue conduit that splits every subscription on-chain. StepNet has been governed by an on-chain DAO since 15 June 2026 and powers four AI platforms: Irona, Psyvora, Taskora and Sonexa. Key facts, as of October 2026 (live figures are read from Polygon mainnet, chainId 137): - 3,726 members; 984 StepClub members; 520 of 1,000 NFTs minted; ~259,000 DAI in the reserve backing STEP. - Genesis supply of 1,000,000 STEP was minted to the exchange at deployment — no team wallet, no premine. No privileged mint, no pause switch. - Fees, burns and revenue splits are compile-time constants: buy 4% (100% of DAI to the reserve, 96% minted to the buyer), sell burns 100% of the STEP sold, 2% burn on non-system transfers — so reserve ÷ supply rises with every transaction. - DAO governance on StepRegistry since 15 June 2026: every address change needs a 7-day Box-0-weighted vote and a 7-day veto window. Contract KYC and an independent third-party audit, and renounceControl() — which retires the controller's veto, the next step toward full decentralisation — are scheduled for January 2027. - Every deployed contract is source-verified on PolygonScan with an exact match, and the core contracts on Sourcify as well; the source of the nine core contracts and 76 automated tests are public on GitHub. ## Site - [Home](https://stepnet.pro/): overview, live on-chain numbers, the journey so far, governance and security summary - [How the protocol works](https://stepnet.pro/protocol.html): STEP and StepDex math, Boxes and the network, StepClub, NFTs and the StepNFTFund marketplace, the revenue conduit - [AI platforms](https://stepnet.pro/ai.html): Irona, Psyvora, Taskora and Sonexa, and how on-chain access works - [Governance, security and contracts](https://stepnet.pro/security.html): DAO mechanics, January 2027 milestones, code guarantees, every contract address - [Roadmap](https://stepnet.pro/roadmap.html): from the first contracts (December 2025) to StepRun, the Exchange and Gaming (2027) and the long-term vision - [Whitepaper v3.0](https://stepnet.pro/whitepaper.html): the complete technical and economic description - [FAQ](https://stepnet.pro/faq.html): nineteen direct answers - [StepDex](https://stepnet.pro/dex.html): trade STEP against DAI on the bonding curve ## Primary sources - [StepNet dApp](https://net.stepnet.pro): wallet, Boxes, StepDex, NFTs, StepClub and AI access in one app - [Source code on GitHub](https://github.com/stepecosystem/step-eco-system): the nine core contracts, two test suites, verification scripts and per-contract documentation - [StepRegistry — the DAO — on PolygonScan](https://polygonscan.com/address/0x708fA8F368D15B8293cD6c0A29a790fC1c7F13Ce) - [STEP token on PolygonScan](https://polygonscan.com/token/0x259c17323F9a38118a10D979f21F9eBafAE9c0F6) - [Irona](https://irona.pro), [Psyvora](https://psyvora.pro), [Taskora](https://taskora.pro), [Sonexa](https://sonexa.pro) ## Optional - [Full fact sheet for AI assistants](https://stepnet.pro/llms-full.txt): every number, mechanism, date and contract address in one plain-text file