SNKRZ has three modes depending on the ownership and usage of NFTs:
Mode in which the owner of the shoes (SNKRZ NFT) works out themselves
Mode in which a user borrows a shoe from another user to exercise
Mode in which a user exercises without a shoe
Mode where the owner of SNKRZ shoe NFT exercises directly
Mode where the owner of SNKRZ loans their NFTs to others to participate in exercise
Mode where users without a SNKRZ shoe NFT participate in exercise
This is the most basic mode for users who own SNKRZ NFTs. They can also receive rewards for exercising based on the amount of stamina they have.
Users can receive $SKZ rewards by progressing in the SNKRZ app through given goals and appropriate exercises. The reward received per stamina depends on the stats, tiles, and influence of the land of the user's NFT, and high-level SNKRZs can receive $FIT rewards.
As the user exercises, the durability of their owned shoes decreases. Durability decreases at a fixed rate based on the exercise time of the shoes, and if the user is unable to maintain the optimal exercise speed, durability can additionally decrease.
Durability can always be repaired, and the repair cost is determined by the total level of the owned shoes, the number of shoes, rarity and tenacity stats, and a discount rate based on these factors.
As the user exercises, they can discover and receive various exercise rewards. These reward items include dubree that increase the stats of their shoes, traps that can be used on tiles, spots and boosters that can be used on land, etc. Reward items are acquired in an undisclosed state when they are first discovered, and they can be revealed using $SKZ. The $SKZ used for this purpose is recycled within the ecosystem, creating a healthy ecosystem.
Users can walk through SNKRZ LAND, a space which is connected 1:1 with a real-world map. Events such as stamina and SKZ acquisition are provided at spots that are spread out in specific locations on an actual map. In addition, users can occupy frequently visited tiles through their exercise and receive various rewards and benefits within the ecosystem based on the number of tiles occupied. Also, during exercise, stamina and fever increase or durability decreases according to the level, attribute, and booster assigned to the land passed through, and various events and effects are provided.
SNKRZ NFT owners can lend their NFT to others. If they want to rent it out, the owner can determine the distribution ratio of $SKZ generated by the NFT. This ratio is divided into fixed ratio and auction ratio. The provider can set the ratio to a fixed value and offer it, or the renter can propose a ratio. Through this, users who own high-grade shoes can create various income structures.
The NFT owner sets the ratio to a fixed percentage rate
Decision is made after being presented by an offer by the user looking to rent
Users who submit rentals can choose the number of days that the renter must participate in exercise according to the type of rental, and can not retract the contents of the proposal for 48 hours after submitting it to the rental market.
The rental period can be set up to a maximum of 4 weeks in 1 week increments. SNKRZ shoe NFT rented during the rental period cannot be sold in the secondary market or within the app.
In the case of auction ratio, users in the Open Mode spend $SKZ every time they propose and change the auction ratio. The provider and renter use $SKZ at the time the rental contract is concluded.
The provider can only proceed with the rental when the durability of the shoes is 100. When the renter exercises the rented shoes, the repair cost is automatically deducted from the acquired reward to maintain a durability of 100 at the end of each activity. $SKZ, excluding repair costs, is automatically distributed to the provider and renter at the end of the activity, and a part of the profit is generated as a fee.
The renter will receive a penalty through the deduction of charisma level if they are unable to adhere to the exercise dates presented at the time of the rental contract as an open mode user with a charisma level equal to or greater than the rental participation.
SNKRZ allows anyone to enjoy exercise through open mode, even for ordinary users without NFTs. Users without SNKRZ shoe NFTs will be able to exercise in the Open Mode and receive $POINT as a reward.
Open Mode users can withdraw by reaching a certain charisma level. Open Mode users can also own SNKRZ LAND and participate in land spot events and occupy tiles. In the Open Mode, an advertisement will be shown when you click on the start button after starting exercise and click on the mission reward box. When Open Mode users first log in, they can choose one of the five modes of shoes, excluding the unlimited mode, and later use the $POINTs acquired in the Open Mode to unlock other modes of shoes.
- Walking Mode
- Jogging Mode
- Running Mode
- Bolt Mode
- Unlimited Mode
Open Mode users are provided with a default 60 stamina per day regardless of shoe type, and can earn $POINTs by consuming stamina through exercise, and can get various rewards by achieving missions.
Open Mode users can earn $POINTs every time they consume stamina through exercise, and can receive reward boxes through achieving missions based on the distance they have exercised. $POINTs earned through exercise can be obtained by clicking the redeem button. Uncollected $POINTs are reset every day.
In the reward boxes, users can obtain various items other than $POINTs. $POINTs earned in the Open Mode can be used for leveling up and repairing training shoes, and can also participate in draws.
Open Mode users are required to watch advertisements before and after a workout. Advertisements will be shown for 5 seconds and can be targeted by region, gender, and age. Advertisers have the option to choose the timing of ad display, either before or after exercise. In order to purchase advertising space, advertisers must use $SKZ or $FIT tokens. If it is not possible for the advertiser to purchase these tokens, the SNKRZ foundation will accept the equivalent amount in fiat currency and purchase the tokens on their behalf.