Step App will wind down its services by August 21, ending a four-year run. The FITFI token, the platform's native cryptocurrency, is now trading 99.9% below its all-time high.
The shutdown timeline
The company has set August 21 as the date for winding down operations. Users should expect all services to cease by then. No further details on the process have been provided.
Token value collapse
The FITFI token has lost nearly all its value, trading at a fraction of its peak. The 99.9% decline reflects a steep drop from its all-time high. The token's current price is a far cry from where it once stood.
The company has not disclosed a reason for the shutdown. What happens to remaining token holders remains unclear.
