How it works

How value moves through StepNet.

Every new STEP is minted by StepDex against DAI, every Box and every subscription is split by constants in the code, and the club and NFT holders share in what flows through it — all on Polygon, all verifiable.

01STEP & StepDex

Price is a fact: reserve ÷ supply.

STEP is an ERC-20 token with 18 decimals and a dynamic supply. Every new STEP is minted by StepDex against DAI, so its price is arithmetic anyone can check: the DAI in the reserve divided by the STEP in circulation. There is no oracle.

$0.0000194STEP price
258,978DAIDAI reserve
13.32 BSTEPSTEP supply

On-chain values as of 31 October 2026 · StepNetView on Polygon

Genesis: 1,000,000 STEP, minted to the DEX

  • 1,000,000Genesis STEP, minted to the exchange at deployment — no team wallet, no premine
  • StepDex onlyEvery new STEP is minted by StepDex against DAI — no privileged mint, no pause switch
  • No oraclePrice = DAI reserve ÷ STEP supply — nothing external to manipulate
  • 95%Minimum-output floor on internal exchange buys, from a live quote
  • Buy — 4% fee

    100% of your DAI enters the reserve. 96% is minted to you, 2% to StepClub, and 2% is never minted.

    reserve grows faster than supply
  • Sell — 100% burned

    Every STEP you sell is burned, and you receive ~96% of its DAI value.

    supply shrinks faster than reserve
  • Transfer — 2% burned

    Non-system transfers burn 2%. The reserve is untouched while supply falls.

    reserve ÷ supply rises
  • Sandwich protection

    Internal AMM buys carry a 95% minimum-output floor, taken from a live quote.

    a constant in the code

The floor, simulated

Modelled at a reserve of 100,000 DAI and 10,000,000 STEP — a price of $0.010000.

reserve ÷ supply after each buy (B), sell (S) and transfer (T) — illustrativestarting ratio
Price after one action, starting from a reserve of 100,000 DAI and a supply of 10,000,000 STEP
ActionSizePrice afterΔ floor
Buy$10,000 in$0.010019+0.19%
Sell10% of supply$0.010044+0.44%
Sell50% of supply$0.010396+3.96%
Transferany amountrises with the burnup
Computed with the contract’s own pricing rule: every trade settles at the spot ratio — reserve ÷ supply — at the moment it executes, after the 2% transfer levy and the protocol fee. It models the protocol-level ratio, not an entry price, a market quote or a return.

02Boxes & the network

Six Boxes. Every payment split by constant code.

Boxes 0–5 are activated in order and paid in DAI. A Box is a purchase, not a deposit: it adds months of Irona + Psyvora at one month per $25, and its payment is split in the same transaction.

  1. Box 0Starter$25+1 month
  2. Box 1Basic$75+3 months
  3. Box 2Standard$100+4 months
  4. Box 3Premium$300+12 months
  5. Box 4Elite$500+20 months
  6. Box 5VIP$1,000+40 months
Months of Irona + Psyvora stackStarter + Basic = 4 months · the full ladder = 80 months

Every Box payment

Boxes from $25 to $1,000, paid in DAI

Constant
  • 82%Daily redistribution pool · stays as DAI
  • 5%Subscriber · as STEP
  • 5%Development treasury · as STEP
  • 3%NFT reward pool · as STEP
  • 5%StepClub pool · as STEP

18% is bought as STEP on the bonding curve — so every Box is also a buy that lifts reserve ÷ supply.

The network: balanced growth, not stacking

Daily rewards are weighted by the weaker side of a member's two-sided team — so the network rewards balanced growth, not one-sided stacking.

  • 10% of each daily reward is set aside toward the member's next Box
  • A keeper runs the distribution every day — and because the function is permissionless, anyone can trigger it
  • The distribution advances in gas-bounded, resumable batches
  • Box 0 is the network's entry point and the unit of DAO voting power

03StepClub

The loyalty layer, paid in bounded rounds.

Activating Box 2 or higher enrols a member in StepClub. The club pool is fed from several directions at once and distributed in bounded, resumable rounds.

  • 5%of every Box activation
  • 10%of every subscription
  • + depositsExchange-routed deposits and donations

How the club pays out

  • Members are enrolled by activating Box 2 or higher
  • Distributions run in bounded, resumable rounds that cannot be griefed into a halt
  • Members who leave before reaching their cap can convert the unused remainder into subscription time

984 members · 5 rounds completed · as of 31 October 2026

04NFTs & StepNFTFund

1,000 NFTs, nine tiers, a buy-back desk and a yield vault.

Step NFT 2025 is a 1,000-piece collection in nine tiers, from Bronze at 100 DAI to Legendary at 25,600 DAI. StepNFTFund receives 20% of all subscription revenue, divided 50/50 into a sale vault and a yield vault that are never netted.

  • Buy-back desk

    A holder can sell an NFT back to the fund for 50% of its tier price, paid in STEP. Orders are paid in strict first-in, first-out order, and the NFT is re-listed at the day price.

  • Yield vault

    A daily yield to every NFT priced at 400 DAI or more — Gold and above.

  • Reward pool

    Holders share an on-chain reward pool funded by 3% of every Box activation.

  • Secondary transfers

    Transfers between holders carry a 10% DAI levy on the mint price, fed back into the ecosystem.

  • Books that balance

    The fund's accounting is tested to balance to the wei.

Step NFT 2025 · STEPNFT25

Current mint price 1,600 DAI · Diamond tier

520 / 1,000 minted

  1. Bronze#1–200100 DAI
  2. Silver#201–300200 DAI
  3. GoldYield#301–400400 DAI
  4. PlatinumYield#401–500800 DAI
  5. DiamondYield#501–6001,600 DAI
  6. RubyYield#601–7003,200 DAI
  7. EmeraldYield#701–8006,400 DAI
  8. SapphireYield#801–90012,800 DAI
  9. LegendaryYield#901–100025,600 DAI
Yield = daily yield vault, Gold and up Minted count as of 31 October 2026

Ids 1–300 were issued to first-generation holders through the one-way swap; prices shown are each tier's mint-curve price.

05StepSubscription

The revenue conduit holds nothing.

Every subscription payment leaves StepSubscription in the transaction that brought it, split by a compile-time constant: 10% to StepClub, 20% to the NFT Fund and 70% to development and operations.

Every subscription

Plans and AI access, paid in DAI or STEP

Constant
  • 70%Development & operations
  • 20%StepNFTFund · buy-back desk and daily yield
  • 10%StepClub pool

The StepSubscription conduit holds nothing: every payment leaves in the same transaction, split by a compile-time constant.

dApp plans

  • 1 month

    $6.99

  • 3 months

    $17.97

  • 6 months

    $29.94

  • 12 months

    $47.88

Self-serve on-chain plans for the StepNet dApp, paid in DAI or STEP. Purchases extend from the later of now and the current expiry, so buying early never loses time.

06First generation → current generation

One click from generation 1 to today's STEP.

StepNet's first-generation contracts launched on Polygon in December 2025. The current generation was deployed in June 2026 with an upgraded architecture and on-chain DAO governance. First-generation STEP can be swapped for current STEP in one click in the dApp.

Dec 2025 · generation 1
STEP0xFcDDB421651E3e82CC17cC29218CD82a19386450
StepDex0xaF36C53CABA5BdC8fC6993b6f1105bC2CfDC6503
NFT0x050A80627958C251c599A0b433F8B0395e7f4816
Jun 2026 · current generation
  • Re-engineered and redeployed with fixes — StepNet and StepRegistry deployed on 2 June 2026
  • DAO governance activated on-chain on 15 June 2026
  • Swap first-generation STEP for current STEP in one click in the dApp