On December 2, 2023, Portharcourt and Lokoja in Nigeria had their Solana AllStars meetup an EOY edition. The attendees said it was nothing short of awesome and fun. Here's a quick summary.👇 [THREAD]

StepDAO bounties largely helped foster this growth and has been the only real source of new STEP entering circulation through the bear market. So far that's added ~0.5% of total supply into circulation. Hence why i said virtually 0 emissions in the first post

This includes all revenue from the Step Validator with over 1M SOL ($63,500,000) staked to it 1M is more than all of Lido and all of SolBlaze LSTs in circulation, but less than Marinade and Jito's. imo this is not reflected at all in current token price

You've also maybe noticed @SolanaAllstars , @AllstarsNG & @allstarsTR have been slowly training a massive Solana DeFi army/community through in-person events and educational content this bear market. rn their community GDP is around $150k and growing.

Why should token go up now? All revenue generated from Step and brands owned by Step: @SolanaFloor @StepDataInsight @SolanaAllstars @SolanaCrossroad @SolBulletin @The_NextBillion @StepDataInsight goes directly to token buybacks slowly distributed to xSTEP holders. Seen below:

Spring 2021 u could farm $STEP for a trillion % APY Emissions ended, it pumped 10x to form the Nov '21 top at around $1.50 Virtually 0 emissions since then with 10x more stuff built out, several acquisitions and conservatively a 10+ yr treasury. Still 35x from that top rn 🧵

More info: