The design of the Step Chain (IOC) application takes inspiration from apps like Codoon and Joyrun, but primarily introduces a blockchain token incentive model – rewarding running activities with IOC coins as a key feature. Step Chain offers products for PC and mobile app use, as well as integrations with smart devices such as watches and bracelets.
The internal circular economy model within Step Chain allows IOC coins to be used as tokens for shopping and discounts in the apps internal marketplace, which includes sports items and smart sports equipment. An internal buyback fund mechanism involves regular repurchases and destruction of IOC coins. Following its listing on exchanges, efforts will also be made to stabilize the coin price to ensure that fluctuations on the exchange do not impact the value of the internal circular economy usage.