There’s been a strong debate over the role of VCs in web3. If ownership is to be decentralized, then large institutions should likely not own big stakes of protocols.
There have been a number of Lite products already, namely Stepn and Genopets. Both have been built on their native systems. This thwarts the output capacity of Lite experiences, boosts the development costs, and divides the fitness market across a dotted range of Lite Step projects.
Lite Step is addressing the Lite market’s biggest bottleneck and expense driver from initiation. The Step Protocol SDK is usable by third parties to build within the Step Metaverse.
The ready to deploy geo-location technology, NFT minting and trading functions, user onramp, token mechanics, and more are necessary features can be deployed in a snap by any developer, team or even global brand to make a web3 Lite app.
Lite Step is the foundation of the Lite market. The early mover advantage ensures the protocol and associated SDK can become the industry norm: a powerful metaverse and technology stack that power the Lite economy.
The community has been vocal about this cause. In line with the future of web3, we’re running the initial token distribution in one of the fairest models possible Rather than offering tokens to VCs first, everyone is given an equal and fair chance to join the TGE event, at the same terms.
Leading the Way in lite: No VCs