STEPN is an NFT sneaker chain, and you need to know about how to make money with NFT STEPN sneakers and how to calculate the approximate profitability and return on your sneakers using the STEPN calculator available at https://stepn-calculator.com/.
Do I need to calculate the payback in STEPN?
To earn cryptocurrency through STEPN, runners and walkers must buy their first pair of NFT sneakers, and after installing the app with the activation code, start earning cryptocurrency throughout the workout.
It is important to calculate the approximate daily return and payback rate of STEPN sneakers before making a final decision on whether or not you should buy them, because the faster your sneakers pay off, the faster you will reach your break-even point and start making a profit.
The payback on NFT sneakers is calculated in a way that is easy to understand. How to calculate it?
After choosing the sneaker that seems best suited to you, you need to determine its approximate daily return, that is, how many GST tokens you will receive each day from this sneaker, so after choosing a sneaker you need to calculate its approximate daily return. You can calculate the daily income from a STEPN sneaker using a special calculator. Here is a more detailed overview of how you can use this calculator:
- There is a calculator that you can use to calculate your daily sneaker energy allowance depending on the rarity, type and level of sneaker you buy in the app. The daily energy reserve is set according to the rarity of the sneakers you buy.
- Using this calculator, you can enter basic sneaker attribute values. Each sneaker has four attributes: Efficiency, Luck, Comfort, and Sustainability. Efficiency and Sustainability are the two most important attributes to consider when choosing a sneaker. In the description of the sneaker, the gray scales represent the main attribute values. Transfer the values to the appropriate field in the calculator.
- When you buy a sneaker whose level has been upgraded, the previous owner may have already added experience points to the sneaker's attributes. Please enter the total values of the sneaker's attributes into the calculator. If you click on the “Base” button in the sneaker description, you can find out if the sneaker's attributes have been pumped. If the gray (base) attribute scales have been pumped with turquoise “extras”, this means that the sneaker's attributes have been pumped.
- So we can simply move the values of the turquoise attribute scales to the corresponding fields of the calculator in the “Attributes” section. The turquoise attribute scales simply show the total attribute values.
- This calculator allows you to calculate the profitability and ROI of your sneaker based on the gems that come with it. Your gems will enhance the sneaker's attributes and affect its profitability and return on investment, so choose these particular gems when choosing your sneaker.
Once all the necessary information about the sneaker has been entered into the calculator, it will automatically calculate its daily yield as Total GST token earnings per day (GST per day). Thus, the calculated daily yield will be obtained.
You can calculate the daily NFT sneaker yield by multiplying it by the current GST to U.S. dollar exchange rate. This will allow you to calculate how many dollars per day your sneaker will earn by multiplying the Daily Return by the GST tokens. Resources like CoinMarketCap are handy for looking at cryptocurrency rates. We can calculate the payback and ROI (return on investment) of the sneaker once we know its value and daily return.
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