 So if you've been using Steppen for any amount of time at this point, you've probably been earning pretty good earnings on your daily movement. If you've told your friends and a family and they're anything like mine, you probably received a similar reaction when you told them what you're actually making daily for walking, jogging, running. So what have I told you that there's a way that only a few people currently really know of right now, where you can make even more money on top of what you're already making from walking, jogging and running. And you're actually helping out the overall community and economy by doing this. That's what you call a win, win, win. What's up, guys? My name is Jay. I am the founder of Bitcoin Daily. And as you guys probably already know by now, a huge fan of Steppen. When I first started using Steppen, I had no idea what I was doing and made a ton of mistakes. So now that I've done a bunch of trial and error and got a bunch of helping guidance from the community, I decided to give back to you guys by showing you everything that I know. Not only will this save you valuable time, but it will save you money as well. In today's video, we're going to be talking about the basics of minting. Then we will jump into a mint flipping strategy that you can use right now. And this is going to be broken down by our special guests of today's video, aka the new Steppen ambassador. And if you've watched enough of my videos, you probably know by now that I love to see the numbers broken down in a good old spreadsheet. So I'll be breaking down the idea and profitability of this strategy that we discussed today. So without further ado, let's go ahead and dive right into today's video. So first let's discuss what exactly is minting and how does it work? So if we look in the white paper, it says that shoe minting is when users use two different sneakers that they own as the blueprint to breed, which produces a shoe box in the process. So if you have experience with a game like Axie Infinity, you'll understand the terminology and the concept of breeding. For those who are not familiar with it, it's basically taking two shoes that you own, minting them together or breeding them together where they then become parents basically and have a baby that baby is a new sneaker. So if you open up your app and select one of your sneakers, you'll notice that on the bottom there's a button that says mint. What you're going to do, you're going to hit that button and you see that it will bring you to the shoe mint screen where you're going to do here is pick a second shoe by hitting that plus sign right there. So you're going to select a second shoe and then hit confirm. Once you've done that, you'll see that it says token consumption 125 GST plus 125 GMT. Now these prices can and will change after that, you basically just hit mint and this is what you get the shoe box. You hit open now and boom, you just minted your first sneaker. So you can do this with each sneaker up to seven times. So if we open up the sneaker here, you'll notice that it says shoe mint one out of seven or one slash seven. That means that this sneaker has been used to mint a new sneaker one time so far out of the seven times that I'm able to mint it. Another thing to keep in mind is that the more mint that your sneaker has, the more expensive it is to mint again. So I give you guys an idea of what it costs to mint each shoe, depending on how many mints and what rarity your sneaker is. Let's take a look at this chart. So if you're minting a common with zero or one mint on each of them, it's going to cost you 100 GST, 100 GMT. If you have a common that has two mints and the other has one mint, is going to cost you 125 and 125. If each of your sneakers has two mints, it's going to cost you 150 and 150 with uncommon. It's very similar starts off at 400 400 for zero or one. If you do one, two is going to cost you 500 500. Now you can also mint a common with an uncommon. If they're both zero or one is going to cost you 250 and 250. If it's a two and a zero or one, it'll be 350 350. And the more each sneaker has the higher the price. So the cheapest ones to mint are the common sneakers. And those are the ones that we're going to be focusing on today for today's mint flip strategy because after running the numbers, they're pretty much the most profitable shoes to mint and flip. Now, another thing to keep in mind when minting is that after you mint your two sneakers, you have a 48 hour cool down period on those sneakers before you can mint them again. And if you want to then use one of those baby sneakers that you just minted, those also need to be a level five apart from the 48 hour cool down. Other things to note about minting, there is a chance that when you mint two shoes together, instead of just getting one shoe box, you can get two shoe boxes. The higher your mint count, the higher the chances to get the two shoe boxes. Very important information here. The cost of shoe minting will be changed from time to time to balance the supply and demand of both GST and GMT. So if you've been here over a week, you probably know exactly what they're talking about. Now, next thing to know when minting is the shoe box qualities, we're going to be focusing on minting common with commons. If not, this video is going to be way too long. So as you can see, common and common has a 100% chance of minting a common shoe box. If you do a common and an uncommon, you have a 49% chance of getting an uncommon shoe box and a 1% chance to get a rare shoe box. So let's say we minted, we got a common shoe box. Now, what are the odds that we can get an uncommon shoe from a common shoe box? Because when you're minting, that's basically the jackpot. You can see here that there is a 3% chance to mint an uncommon sneaker from a common shoe box. If we take a look right now at the current floor price of an uncommon shoe, it's sitting at about 41 sole. 41 Solana is about $3,321 right now. This will always fluctuate based on these prices though. So remember that. So you would have basically paid $1,000 to mint and 3xed your money instantly. Another thing to know is that depending what two sneakers you're minting together, the new baby sneaker that you get is probably going to depend highly on the two that you're minting together. So if you're minting a walker with another walker, there's an 85% chance that you mint a walker. For me, I personally do joggers with other joggers, which gives me a 85% chance to mint a jogger. Now there is a 6% chance to mint a walker or a runner and a 3% chance to mint a trainer. You guys can pull up the white paper if you really want to see a in-depth breakdown on this. Next is the sneakers sockets. The new sneakers socket type is going to be determined by the two vintage sneakers socket types. So for example, if both sneakers have an efficiency socket, in the first gem socket section, then there's an 85% chance that that gem socket will also be an efficiency socket. And the last thing is the sneaker attributes and those are randomized. Unfortunately, there's nothing you can do to get better stats on your sneakers. That one there is just a look of the draw. So now it's time to go into our mint flipping strategy with our special guest of today's video. But before we go into that, guys, make sure to smash that subscribe button. If you guys are looking to make money in crypto with projects like Stepin, I upload a video almost every single day about these topics. So please smash that subscribe button so that you never miss another opportunity to make money in crypto again. In addition to that, I answer every single DM that I get on Instagram. And I try to answer as many questions as possible on here on the channel. So please, if you guys have any questions about anything that we're covering today, make sure to drop it in the comments. Also, don't forget to follow me on Twitter on Twitter. I'm doing activation code giveaways every single week. So far this week, we've given away six activation codes already. If you don't have an activation code, make sure to follow me and just follow the rules to enter the giveaway. If you already have a code and you have no one to share it with, you can send it to me through DMs and I'll put it into the giveaway and give it away to someone that needs it on Twitter. All right. So first of all, what is mint flipping? What exactly does that entail? What does it mean? So mint flipping is basically getting two pairs of sneakers, breeding them together, creating a third sneaker and then selling off one of those sneakers for a profit. Usually you're selling off the sneaker with the most mints and keeping the other ones with lower mints. You want your mints to be as cheap as possible so that you can sell for a profit. Then you just continue doing this over and over and over. So let me go ahead and introduce our special guest who will be explaining this mint flipping strategy that he uses to make extra money on top of what he's already earning by walking and moving every single day. So our special guest today is James Work. If you guys are active in the Discord community, then you probably have seen him around plenty. He is always in there explaining exactly how you guys can also do the same mint flipping strategy and he's always answering a bunch of questions in the elite chat. Other than that, he actually just became the newest ambassador for Steppen today, actually. He is also a Twitch streamer, where he's going to be streaming several days a week. I'm actually going to be one of the regular guests on his new podcast starting on Saturday every single morning. So make sure to tune into that, guys. Make sure to give James a follow on Twitch. Now, let me take a step back and let James explain his mint flipping strategy to you guys. Enjoy. So initially, I only had three sneakers. And at three sneakers, it was very beneficial to do what we called a zero one mint flip. You basically have one parent that has no mints on it yet. The second parent that's done one of its seven total mints. You mint those two parents together. You get a baby that's a zero. Each parent becomes one more. So one parent becomes a one of seven. Second parent becomes a two of seven. And now you sell off the two of seven parent and you're back to having the zero one. Very profitable strap. It gives you the ability to take the amount that it costs to mint. And when you sell off that parent and you flipped it, you probably end up with about a two Solana profit each time, depending on how the prices adjust for GST or GMT for Solana, what the floor prices are. Big part of my strategy that I've evolved over time is then also choosing very carefully what parents you use to do those mints. I found that with a Walker parent or a runner parent, those sneakers don't sell as much. They're closer to the floor price than a jogger. So I tend to use two joggers, one with the zero mints, one with the one mint, make a jogger baby, sell off the two of seven mint jogger. I like to very carefully select the gym slots, those efficiency or e-gim slots, the luck or L-gim slots and the resilience or R-gim slots seem to work really, really good to sell them off. As you expand from that, now you can go to two minting pairs. So now you've got a zero one that mints every other day and a second zero one that mints every other day, right? Every time you get a new baby in or every time you acquire something new from the marketplace or have it transferred in, you have to wait 48 hours before you can mint it. And then those babies, as they come in on that zero one mint flip, you have to level them up to level five, which takes you 15 hours. It's an hour to get to level one, two hours to get to level two, all the way up through. So if you try to expand to three minting pairs and mint three times, maybe twice on the even days and once on the odd days, or four times with a zero one mint flip and do twice on the even days and twice on the odd days, there aren't enough hours in the day to do the zero one on all of them. So I thought to myself, how can I take all of these sneakers that are on the marketplace, all these sneakers that are in my vault and be able to mint twice a day every day, mint three times a day every day, mint four times a day every day. And they had been doing adjustments on the pricing that made them a little bit less expensive as they introduced in GMT along with the GST to mint and then flipped them just recently. So it's a lot less expensive to mint. That makes the higher level mints that we do that normally are cost prohibitive, much more affordable and now profitable. So what I can do is on the even days, I've got a zero and one that I mint together and make a zero baby, the parents become a one and a two, I sell off the two. Later that same day, I've got a one and a two and I call it the one two mint flip. There's no babies in this, right, that have to be leveled up. It's a one parent and a two parent, you mint them together. When you get the baby, that two parent becomes a three, I sell off the three, the zero, the baby, I sell off the zero. I've got a two parent left. I go to the marketplace, I buy a one, now I'm back to a one two. My zero one ends me back up to a zero one. My one two ends me back to a one two. And on average in the past, I used to average probably about a two Solana profit on the zero one flips and about a one Solana profit on the one two flips. Recently, it's been a lot more than that. It's like four or five Solana at a minimum for either of those. And then the really cool part about minting with Steppen is that you get this opportunity to mint something with God tier stats, right? It's got perfect gym slots and perfect base stats. Maybe something that's a trainer that sells for a lot more. 20, 25 Solana, you can mint an uncommon that maybe sells for 90 Solana, 100 Solana. So you're talking about a 10, $15,000 payday instantly that can be not only game changing, but for a lot of people completely life changing. And within the game, if you're doing optimal min-max strategy, you can now sell off that uncommon if you don't want to make it your new main by multiple more additional minting pairs. And now you're minting three times a day every day or four times a day every day, which is pretty cool. The limiting factor becomes if it becomes popular, which obviously putting out this content makes it more popular, then more people will buy the ones and that floor price comes up and will lose some profitability. But the adoption of new players coming to the game is so great right now that if you're making four or five Solana per flip, there's room there then to do these ones and twos in the other. All right, so now that James has broken down this mint flipping strategy, what we're going to do if you still have any confusions, if it might not have clicked yet for you, I'm going to break it down even further using a calculator and of course spreadsheet. So first of all, big shout out to Diogo. I hope I'm saying your name right, Diogo Fraga Fraga. He is the original creator of the spreadsheet that I am about to show you guys. He did all the hard work. All I did was modify it a little bit because I wanted to also be able to calculate the one two flip. So he did the entire zero one mint flip calculator. And basically I took his zero one calculator and turned it into also a one two calculator. There's a few things differently that you needed to do. So I made those changes, modified it a bit and got it to work so that we can calculate both strategies separately and we can calculate both strategies together and see how it does over time. So first we're going to look at the zero one mint flip strategy. So as James explained the way that the zero one mint flip works, you have a zero mint and a one mint mint them together, create a brand new baby and you sell the two seven, right? So what used to be the zero now replaces the one, the new baby is going to replace the zero and the zero one continues for ever and ever and ever. So let's dive into the numbers of this zero one mint flip strategy to see what type of profits you can actually make. Now, all of this is always going to be fluctuating. It's always going to depend on many variables, including the mint costs, what the shoes are currently going for in the market and what type of shoe you're minting. Because of these things, the most profitable way to do this is by using joggers exclusively to mint and making sure that your gem sockets are either luck, efficiency or resilience and trying to avoid comfort for now until it becomes relevant in the game. By doing these things, not only will you be able to sell at a higher premium because you're selling joggers which have the highest floor prices for the same price that it costs to mint a walker or runner, but you're giving yourself a chance at being able to mint a shoe without the comfort gem socket, which usually sells at a premium higher than whatever the floor price is for similar comparables. So with those things in mind, let's look at these numbers. So first off, in order to level your shoe from one to five, it's going to cost you a total of 20 GST and 10 GMT. And the mint cost for a zero one mint is going to be 100 each. So the total ends up being 120 GST and 110 GMT. In dollars, that's about 612 dollars at the current market prices and 291 dollars for GMT at current market prices. In Solana, that total would be about 10.82. In GST, that total is about 177. So so far, simple enough, right? All we've done is calculate the total cost of minting these two sneakers plus leveling up that level zero sneaker. We got to take all those costs into account. Next, we need to know the price at which our two mint sneaker is going to sell for after we do the zero one, right? Because remember, we're going to be selling the two seven sneaker after we do the mint. Now, the idea is to not be looking to sell at the floor prices. We always want to sell at a premium. What is that premium? Well, it depends on the sneaker, depends on its attributes, and it depends on its gem sockets. So for the purposes of this video, we're going to assume that we minted a jogger. Floor price on joggers are currently around 13. So we're going to assume that we're selling it at 13.49. So basically at half a Solana premium. Now, we must take into account the 6% sell fees, not a selfie, but like the fees that you pay when you sell the sneaker. So take away the 6% leaves us with 12.68 Solana. So math is pretty simple here, 12.68 minus the cost, which is currently at 11.3. We would make a 1.376 Solana profit on this mint flip in dollars. That's about one hundred and twelve dollars in profit. Remember, these are all examples. All these numbers can fluctuate depending on many moving pieces, many moving parts. So next, let's take a look at the one two mint flip. So for the one two mint flip, James explains that what you're doing is you're getting a one and a two to create a new zero. Now, what's different here than the other one? This time, you're not only selling this shoe right here like we did on the zero one. We're selling the two mint. Now we're selling the three mint, but we're also selling the zero seven. So the new sneaker that you just minted, we're selling that one. And we're selling the three mint sneaker as well. However, that's not all. Now we need to buy a one mint sneaker in order to replace the two mint that we're now moving over to this side. We're buying a brand new one mint sneaker and we're putting it right here. Hope I didn't lose you. There's a lot of moving parts on that one. So here we don't have to worry about any level up costs. We're not leveling up any sneaker. All we're doing is buying a sneaker that already has one mint on it. If it has one mint on it already, it means it's already level five. So we don't have to level anything up. So our total cost for this mint is going to be one twenty five one twenty five. So total comes out to six hundred and sixty dollars in GST and three twenty eight in GMT. So Lana total is twelve point one one. So it's a little bit more expensive than the zero one minute. So now this is where things get interesting. We have to factor in every single moving part. So let's say that the three mint sneaker sells at the same one that we sold our two mint sneaker. That's usually what I'm able to do. So that's going to be thirteen point four nine. We're assuming that's the price we're selling at. But now we're also selling our new baby sneaker with zero mints. So this will all vary. But we're going to say that we sold this one at seventeen Salana and we're going to assume that currently sneakers with one mint in the market are selling at sixteen Salana. So seventeen plus thirteen point four nine. The total that we'll be making by selling these two sneakers is thirty point four nine. Take away the six percent in selfies. That leaves us with twenty eight point six six. Now take away the mint cost plus the one mint sneaker that we bought. That leaves us with a profit of zero point five four nine or forty four forty five dollars USD. Now again, all these numbers change all the time depending on many different things. I'm just giving you guys an example from the current market prices that I'm looking at right now. So now if we're doing a zero one mint flip and a one two mint flip, we can do two mints every other day. The reason why is because remember once we meant the zero one, the new zero one has a forty eight hour cooldown plus you need to level up the zero to level five. That takes 15 hours. Then in the one two flip, when you buy the new one mint sneaker, plus you just minted the other sneaker, it's another forty eight hour cooldown. So if you were to do this every other day like I wrote here, each team mints every other day and team basically means a pair of zero one and one two. That is one team at the current prices would make you around one point nine two Solana or one hundred and fifty seven dollars per day that you do a mint. If you do that, let's say 15 times in a month, that's twenty eight point eight eight Solana or two thousand three hundred and fifty eight dollars per month. Now let's say that you add in a second team. The second team is going to be minting on the days that your first team is either in the cooldown period or level up period. At that point, you're doing two mints every single day, which would bring this total here of two thousand three fifty to about forty seven hundred dollars a month extra on whatever it is that you're already earning by moving every single day on stepping. So this is what I call a win, win, win strategy because it's a win for you. Obviously, you're making money every time you do a successful profitable mint flip. Secondly, the community wins. They win because the more minting that we do as a whole, it means that we put more shoes, more sneakers onto the marketplace, meaning that the floor prices on the sneakers come down. If the floor prices on sneakers come down, the entry barrier difficulty gets a little bit easier. More people can come into the project. And of course, it's a win for the economy and the project as a whole. We're using our rewards to mint, create more sneakers for the economy, for the marketplace, bring more users in. It helps grow the project. Also, every transaction that we make, we're paying a six percent fee. So stepping is making money every time that we do one of these mint flips. So everybody wins. All right, guys, we finally we've made it to the end of the video. Thank you, guys. If you stuck around all the way to the end, I have a few announcements to make. The first one is on May 25th, we are holding a Steppen meetup in Miami, Florida. This is an official meetup that I am organizing and Steppen is backing me as well. It will be on May 25th at 6 30 p.m. Eastern time. We're going to meet up, network, earn some money, and then we're going to do a bunch of giveaways, including GST, t-shirts and some other fun stuff. We're going to have music, drinks. We're going to do it the only way we know how to do it in Miami. So if you guys are interested in attending, don't forget to register on Eventbrite. I will leave the link in the description below. I hope to see you guys there. The second announcement is that I will be co-hosting a Steppen podcast with James Work on his Twitch channel. So that will be every single Saturday at 10 a.m. If you guys are new to Steppen, make sure to check out the Steppen guide playlist that I've created here on the YouTube channel. Just go to Playlist, click on View Full Playlist, and you'll be able to see all the videos and strategy guides that I have been creating for Steppen. Thank you guys so much. I will see you on the next one. As always, peace and love.