move to earn crypto

Get paid to live healthier. This is the promise of a new suite of applications that combine cryptocurrency, lifestyle and gamification. Get your sneakers out of your closet, equip your finest NFTs and the move to earn risks multiplying your motivation and your wallet.

Move to Earn, the new concept using NFTs

Although the concept of “Play-to-Earn” is written in English, it is not necessary to be an expert in the language to understand this concept. A simple analysis of the phrase will help you understand that it refers to a reward given to the player. As a reminder, this type of game offers users compensation in cryptocurrency in exchange for their actions in the game. The flagship of the category, Axie Infinity has inspired dozens of projects around the concept.

On the same line you will find another equally interesting concept. This is Move-to-Earn, a mechanism that rewards each user for their daily physical activity. Therefore, the concept of making money on mobile is inspired by making money through games. But this time, you don’t have to play video games to generate cryptocurrency: you get paid here to move around in real life.

In general, M2E platforms are designed to promote the physical fitness of their users. They encourage them to improve their health by rewarding them with rewards based on their physical activity. Basically, the more players move and exercise, the more cryptocurrencies they earn. Obviously, when you earn cryptocurrency, your earnings are directly linked to the value of the app token.

The industry is completely new, so it is necessary to closely monitor its development. The goal is to simplify its use and make it fun. Who does not dream of getting paid according to their daily physical activity? With mobile money generator programs, you just need to walk and run regularly to collect coins. The only problem is that you have to spend a fortune to enjoy it. This is the case with STEPN (GMT), which requires you to purchase NFT sneakers before embarking on the adventure.

Stepn, an explosion of incredible value

As for the rewards, they can vary depending on the platform. But in most cases, income in the form of native utility tokens is rewarded for those who complete fitness-related tasks. Running, swimming or walking are among the activities to consider.

STEPN is a Web3 lifestyle app with features borrowed from SocialFi and GameFi. Basically, she wanted to renew the classic concept of physical activity and turn it into a Move-to-Earn concept. It is all the rage in the blockchain industry right now. In addition, STEPN promotes socialization and hopes to help users lead or maintain healthy daily lives.

STEPN was born from the initiative of an Australian fintech studio called Find Satoshi Lab. A company that has built a track record by joining the Solana Ignition Hackaton Gaming Track 2021 Edition team.

Depending on the app, multiple NFTs also allow you to generate tokens for a longer period of time. For example, in StepN, if you own a “Sneaker” NFT, you will earn 10 minutes worth of cryptocurrency every 24 hours. On the other hand, if you have 9 pairs, this duration goes up to 40 minutes.

To collect data, the M2E project evaluates some technical tools in combination with their applications. They therefore invite users to link the relevant application to their phone or fitness tracker. After being paid, they can exchange the collected tokens for goods and services on the platform. They can also be sold or exchanged for other cryptocurrencies through the internal market services or external exchanges.

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