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Have you heard about a new business model in the crypto industry called Move-to-Earn (M2E)? It's about tokenization of various forms of physical activity. According to the idea, this model should provoke more people to an active lifestyle, which will be encouraged by the tokens of the corresponding blockchain application.

At the moment, the most famous project is STEPN and their token STEPN (GMT), which has already raised almost $2 million in capitalization.

What do you think, what is the future of this business model and will there be a hype for such tokens?

It could have a good impact short term considering the fact that many of us were restricted to move freely during the height of the pandemic and gained weight hehe. If there's a platform to earn while getting back to shape then why not? It's Iike the complete opposite of the P2E model where players can just sit and earn. M2E would most likely become popular with the older gens while P2E to the younger gens.

I think right now with that coin, it's just a hype. I've heard of these M2E concept before like the name of that coin was sweatcoin IIRC. You'll get paid through jogging.
That's good because you're exercising and at the same time you earn tokens. But I don't have any news about that coin and where are they right now. And the same concept for the project that when you poop, you'll get paid too. I don't know with the latter if that's a serious thing when I've read it or it's just for the memes.

No price tracker at Coingecko but it looks like they are doing alright if you look at the number of downloads on google play. It's currently over 500K which isn't bad and probably another 200K on Apple if it's available. The token could be used to purchase gadgets and fitness items so I don't think it's just hype.
What the F.

I think this business model is quite unique. we are required to do sports in order to earn. and if you look at the STEPN project, many people are very enthusiastic about this project. their token price increased sharply since their release, and their NFT is also popular. and I was thinking maybe Move to earn will become a popular concept this year.

Move-To-Earn is a novelty in the crypto industry. and if you look at the STEPN project, it looks like P2E with additional modifications. we must have NFT to be able to get GMT token. unlike games that are required to play to get tokens, on this platform we are required to jog to be able to earn income. I think it has a good ecosystem and it will be popular soon.

They just change the mechanics but it’s still play to earn which is already saturated on crypto market. StepN gain attention because they launch on Binance to get the funds. There’s nothing new on this idea besides it will encourage user to exercise but I wonder if this will be cheat proof because I’m playing Pokemon Go and there’s a cheat that you can walk virtually without doing the physical walk. I saw many new project starting to copy this kind of model.

Yes I have heard about it, I currently have one a friend introduced to me to download in my device and so far am earning the token by moving around. I do a lot of walk around so I found ot very useful since I will not only gain health but also earn tokens as reward for it.
I think this will be very useful in the blockchain since a lot of people engage in one physical activity or another in their daily routine.

The concept is quite interesting, like a modified health sports application. not only makes the body healthy but there is additional motivation to make money from the regular exercise we do, making the way to make money more fun and healthy.

It's a new hype that spawns silly trends that follow. Only a few succeed, and the rest create a mess in the space. Personally, I find these ideas quite funny. They can create a short-term trend that will be difficult to sustain in the long-term, and then we see more ideas like sleeping2e, laughing2e, ... it's bullshit, isn't it?

I have no update with it and it's been there for years so if they've been doing good. It's nice to hear from someone who have accumulated those tokens and the use that he's been with it.
That's serious. I don't really know if it's an actual project because I've read it on an article and it's not on April fools day.

I do not know if this is right or wrong but I heard that an App called Coin (coinapp.co) uses this model Move 2 Earn and they pay for XYO token.
I guess they need you to install the app and activate it wherever you want to go so you will claim many rewards.
They suggest you have hardware connected with your mobile phone and it is like playing Pokemon Go.
The XYO token itself ranked 197.

Looks interesting, and innovative. The name poopcoin can fit well.

I am not sure how good it is as compared to the promotions by existing companies such as Nike. They have similar marathon of run to earn points! You can later redeem the accumulated points for their products and warranties etc. I am not sure if this campaign is still running or not but this was launched 4-5 years ago. I still remember, if you had its app installed then it will give you multiple reminders to shoe up and run to earn the points.

If this is similar concept then it may work however it would be interesting to what they really have to offer. Unlike Nike who is well known brand and established company, the new projects in crypto industry will have to push themselves really hard.

Tbh i never heard M2E before, but that STEPN(GMT) is very familiar to me.  And if that is the purpose of move 2 earn, wherein,  to have a good shape while earning then it's good idea and surely people will love such project especially those who loves to exercise just to maintain their healthy body.

This is the first time I read about it looks good with 500k downloads this is not a hype, the whitepaper is good, the explanation is very clear about how it all works the team is capable, this is something who is always in front of the internet need. since I worked online I gain 30 kilos my motivation to work is always eclipsed by my motivation to always be online watching Netflix playing games and trading.
I will explore I very much into PVE but this is something worth exploring.

My first time seeing a Move-to-Earn (M2E) related project. After the play-to-earn (P2E) or any aspect that you can earn while doing something.
I am hoping this is not just a hype, but I am glad this is another good achievement in the cryptocurrency world as there are lot of innovation especially the physical activity and on hardware related too.

I am aware of this mechanism and have downloaded the provided application to get coins/tokens, and this Move-to-Earn mechanism is not a new mechanism, even before STEPN (GMT) there were lots of projects developing this idea.


You're right, STEPN (GMT) is the most successful project in the Move-to-Earn category, but apart from them, there are several similar projects that you might be interested in taking a look at: Step App (https://step.app/), Wirtual (https://wirtual.co/), Sweatcoin (https://sweatco.in/) and Genopets (https://www.genopets.me/).


I think this is a good opportunity to take advantage of the hype in the Move-to-Earn category, but in the long term I don't see any continuity, so it's better not to get too involved with projects in the Move-to-Earn category.

I’m usually a fan of that since I used to walk everyday trying to achieve 10,000 steps daily. Genopets was the first M2E that I have heard before the STEPN. There’s also a game called SafeHamsters where it uses augmented reality (AR) for me to hunt hamsters and fight them lol.

Also there’s what we call TaroVerse. You might wanna Google that one. It’s a top tier project in my opinion. They have recently launched a video clip of their first M2E game known as Tarogotchi (reminds me of Tamagotchi). Not only we can enjoy the game, but it benefits our body to move around rather than just spending most of our time sitting and playing.

I don't have a lot of opinions about ideas and ways of development. Whether they're good or bad depends on each person's assessment. But its popularity in this space cannot be denied in recent times as it has brought a more positive atmosphere to the market. I have also made a bit of profit with it, but in the long term I am not too confident. It still depends a lot on the movement of BTC.

Honestly I am not sure if they could work but if you are going to think of the concept their goal is to help people to be physically active which could benefit us physically. But I am not sure where this could be useful for rather than that physical activity.

ya.ya.yo!

the concept of move to earn (M2E) in is really new for me...

to be honest, I really like YOGA and if every movement I do be it YOGA or other sports is paid for then it will be a good extra income for me. although I'm a little pessimistic about this M2E concept but it looks like this concept will be hype in the future.

This is not exactly a novelty, I remember there were already applications that charged coins for walking / running, but all of them were not crowned with success and mass demand.What we are seeing today is a great job of marketers and investors with a lot of money.I don't think this trend will last long, in six months people will forget about this project.

this business model and technology will give reward for our activities, no more daily useless activity . every movement get token will be great breakthrough that we never imagine , maybe someday our job move around and walking in open place. my friend buying NFT and he got impressive return only by move few minutes , for early adopter this technology give alot benefit ,but the disadvantages is need huge capital to buy this .
 

Yes, it could encourage people to be more active, and that is the positive side of this whole business model. The negative side will be, as always, the desire of various scammers to just make money off of all this hype. Everything new attracts scammers who launch dubious projects with dubious tokens and try to speculate on fresh ideas. I've already seen one of such projects on this forum, which just borrows an idea and doesn't offer anything original, but just engages in copying.

The most important thing is to return to form without investing in all sorts of pacifier projects that masquerade as this fresh business model. My guess is that there could be a lot of such pacifier projects in the near future.

Dont know on what would be the set-up for this one on how they would be tracking out real-time movement or activity of a certain individual considering that it would be prone to abuse or exploits

if we do talk about movement kind of tracking apps or something and since its been not monitored personally then you dont know if someone do really make out such movement but still do earn those
tokens/coins which i would really love to hear or know about on what would be the proper application for this one.

If they had raised out $2M for this idea then lets see if this one would succeed or not.

Soon we will see people running to collect tokens, I think the project idea is good, but what is the point here?  ;D Is just noise as happened with shiba inu. I heard about many projects with the same formula, but they did not give any results!!! If the waves help us ride on it, we can do it but there is definitely a risk so I will stay away from it!!

It really fits it but I've never heard anything again from that project. It's made by someone IIRC, from South Korea and it was a university professor.
Well, it's supporting our activities and allows you to earn some tokens. But I don't think that it will be sustainable in the future although if it has a good economy then who are we to think about its negativity?

I have seen STEPN for a while now among the trending projects that are listed on coinmarketcap. To be honest i have never really looked into that projects that were listed there because most of the times those projects are just meme-coins and i don't care about shit-tokens. STEPN seems to be different though. I just took a look at the chart of STEPN and early investors have already made a x30 of their initial investment. So congrats to everyone that invested early into that project but personally i would not invest into it anymore now because after such a pump there usually also comes a correction. Also i am not sure if this business model is really sustainable or just a trend that is dead withing a few weeks again.

I checked their TG, lots of newcomers are flocking and asking for codes.  It looks like there will be lots of supply coming in to the market in the next days.  I wouldn't get surprised if the price goes down rapidly.


Looking at the chart.. yes I think this token had already pumped and with lots of people coming in not to invest but to reap some freebies would somehow hurt the token's economy. 

I've seen this before, but not in a token concept. It was an app which paid you pre-existing cryptocurrencies for walking. The more you walked, the more you were paid, although there was a daily limit and the app kept tracking you everywhere in real time, being heavily criticized for that as it goes against privacy and can be quite dangerous depending on who is tracking your steps...

Regards this specific project, I think the same critics will prevail, because that is the same situation of that app. Moreover, why do developers have to create a new token to pay for these activities? Couldn't they simply create a website and adopt bitcoin or any other altcoin for this purpose?

I like the idea very much, because the life of many people turns into wandering at home all day long. After the recent pandemic and lockdowns, it surely is great idea. However, I don't think it will win a lot of young supporters, because the earnings will definitely be negligible. I think that this trend may have only speculative hype.

Stepn indeed has been making a lot of noise in the past few days which is pretty appealing for most of the people that are not familiar with the concept of move to earn. But for those that have already seen the other projects before stepn like sweatcoin, dustland, etc., it won't be that surprising. The only thing that sets it apart from the earlier projects that promotes move to earn is that it has better marketing and the nice collectible NFTs the stepn has. Too bad though, stepn isn't for everyone since it isn't cheap or you can't earn from it without quite a big amount of investment which most of the normal peeps won't be able to afford. But yes, it is a great move to earn project. My personal preference though is The Dustland with the post apocalyptic concept and all plus me being one of the characters while running, lol.

The move 2 earn business model is actually not a bad model when you look at it, but I don't think it's enough on its own. A large crowd has logged in now, then it will look like a scam when there is a sharp drop. If this business model is developed, I think it will be permanent. They need to design different move games so that more investors stay inside. Most of the current investors will exit after taking profits and there will be no re-entry unless the hype continues.

I've been in this field for a while, so the way I see new trends coming with the hype to explode will only last for a short while if it's not the tool people are focusing on. arrive. The cryptocurrency market has witnessed a lot of volatility recently, so in addition to promoting BTC or some other big coins like ETH or BNB, I don't have too much faith in them.

So far so good. I have some shoes from breeding my shoes and i  were using these to get daily earning and so far the income from doing walking was so good rather than you walk and get nothing. IMO if the business model of this is even better compared with the axie infitnity. When people can tokenize their walk into the token that can be exchanged for money and why not? This trend already copied by so many new tokens that used step as a part of its name. The trend in the crypto looks so crazy right now.
Any trend being copied instantly once it was coming tot he crypto.

I think yes, I have heard about the token GMT. Many people bought some running shows and they are making some money out of it. I have seen this in facebook few times. I don’t think this will have a great future. After the trend ends, there will be no more interest in such project.

Well, i think the hype of this move to earn mechanism is just due to GMT token, people are lazy, and most of the crypto dudes are super, i did not mean to harm anyone's feelings here, just saying. So moving to earn money isn't a good idea, there are many other platform which were just honey pots, no benefit, so competition of trust is hard in this field.

Infact there is a new platform i think ongoing in bounties section, which also prefer to mover to earn.

isn't it make us got double reward from our walk? Beside our healthy kept , our moving wasn't be useless becahse we paid for it. This is really new technology which is make more people being active in their life. This business model could improve massively and make alot interested , new era of earning money now born and it is really simple to do, only by walking.

With the popularity of play-to-earn, seems to me that there is a growing interest on move-to-earn where people are being warded for moving their feet like walking or jogging. But this is nothing new because for years SweatCoin had been introducing this concept to many people but it failed to arouse such an enormous response like what STEPN successfully made so far. Unfortunately, I did not receive anything substantial with SweatCoin though I used the app while walking...it is so boring that right now I decided not to do anything with it. As for STEPN I still have to try this one...am hoping this is a lot better. Who would not want to get rewarded for moving our butts?

Hyped is already kicking in as Ive saw a lot of brand new projects that have concept like this which was just release after stepn. I didnt invest on stepn which is kinda regretting cause it did a good multiplier and still ongoing. The concept idea was good and somehow others enticed to it. But the other copy cats would likely be trying to get the hype as well. For everyone who got into gmt well congrats. But for the other m2e, beware chances some are just a rugpull trying to get hype.

Move to earn is the adjusted term from Play to Earn and they are almost the same. It is similar to derivatives of ICO such as IDO, IEO, etc. The purpose is the same that is fund rasing.

Move to earn is for earning purpose solely and do you think people who join it are athletics, runners or just non-gamers who want to invest and earn by playing or moving? Doing something to earn is unsustainable from their mechanics because token is minted by developers, non-gamers invest into NFTs to play or to move and from initial investment, they can earn forever until any changes from developers to stop earning at high levels.

I predict that after Play to Earn, Move to Earn, we will see a few other things to Earn soon.

Well, let's see the development. sometimes projects with physical activity are sometimes more promising than those without physical activity. well, that's what people generally believe. so, it might be able to attract more users.
STEPN token probably many people use it because it seems like a project with a sports background. the more we exercise, or move, then it can earn more coins. well, that's quite an interesting idea
whether this can be hype or not, but if there is a project that can attract more people to use this, it could become hype in the future.

This is the first time I heard about M2E or move to earn and for me even though I don't know the meaning of this word I guess that this is like the P2E or the play-to-earn feature of the games. I believe that this kind of activity will encourage many people to actively join in an activity if they could have the chance to earn while achieving a fit and healthy body. Well, let's see if this could be possibly successfully implemented soon and in fact for me personally, this is a good idea.

In just a span of almost 2 months it has reached $3.80 I guess everyone in crypto space are riding into this hype and trend. With those you have mentioned with the same concept as Stepn, it would be more risky to put money into GMT since people might get diversified with the same M2E project and there will be a chance for the hype for this specific project to die down and divert to another project with the same concept.

I studied this project in more detail and so far, personally, it all evokes bad associations with HYIPs, matrices and pyramid schemes. That is, to register in the project, you need an initial investment. Doesn't it remind you of anything?  ;)

You have to buy sneakers in the app, and they are not a small price. See for yourself: https://whattonews.ru/goto/https://magiceden.io/marketplace/stepn

The next thing that reminds you of the connection to pyramid schemes and gambling is the levels to be pumped up. There are 30 levels in total and the higher the level, the more tokens are paid out.

That is, if you actively use the application those sneakers you buy, they will pay off in 1.5-2 months, only then you will earn.

utility still be the key why this project could growth massively only in short periode, people thinking with new way to earn money only by walking its new era for crypto industry. alot people especially from outside crypto market will use this technology to earn additional income. today i see another Move to earn appear and for investors it could be opportunity to be early investors like in GMT to get maximum profits, maybe splitting profits from GMT into new M2E project be their strategy to maximize profits.

I remember Sweatcoin with this one where you will be paid just by jogging. Its a win for the user but I just don't know what will be the benefit of the company with it.

Same with this one. STEPN is the most popular one where you will be paid when you buy the NFT shoes which will be paying you tokens. Now with regards to the current business model, I just don't know what will be the future of this one because its hard to know but if this M2E tokens will be a hype then I would be exercise everyday. Keeping myself fit and at the same time, paying me. Double compensation :D.

I heard about it but I didn't invest on STEPN yet, but yeah I can say that they are good for now they are been much hyped and goes trending on every social media channels right now. But I'm afraid that we are going to be in late phase if we buy their NFT at this point and that what make me think twice upon investing on that project.

Indeed, this one is new and I wonder how can we take advantage of this current offer for free?

I read the article here: https://www.coingecko.com/buzz/what-is-move-to-earn-a-look-at-genopets-stepn-and-wirtual

looks like a promising project for me, I played Pokemon Go back then, and I can relate with their platform but I just want to have quick explanations on how to earn with this one.

The market is not doing well, I hope move to earn will become a new trend that can pull the market up again. Honestly, this is a pretty good model and applied in practice, participants are both healthy and profitable. I know this is also a trend like many previous trends of the market like P2E, NFT...but I really hope this trend persists in the crypto space as it is very useful.

I can say this will be a welcomed development and also a good strategies behind the scheme knowing that M2E is a new business models but i don't know how its gonna be but seems to have the same impact as ICO, IDO, IEO or we call it the upgrade of P2E.

I looked at it and its same like P2E there isn't nothing new beside that you need to walk or run to get the reward. You still need to buy in app stuff so you can be able to earn. Investment isn't small to begin with so it's not yet for mass adoption.

I also think like this, it may seem like it is a new model or something but since you are still paid to do something then this is nothing but the P2E model with a variation to make it seem like a new thing when that is not the case, so what do I expect out of this? Not much, maybe people are going to get hyped about it and then we could see a lot of coins like that, but like most of the time people are just going to waste their time and efforts as I do not see how this can be sustained long term.

               I have heard quite a few over the past year. At first I was hyped with almost every app or project that has mentioned the move to earn concept be it crypto related or not. But as time went by, I have realized that most of these move to earn apps aren't really that much worth the effort. I mean seriously, earning just small cents for 10k+ steps? seriously? lol. But in all honesty though, it is quite a fun motivation for being fit. Plus the new ones nowadays that are integrating NFTs on their move to earn projects are quite interesting as well like what OP mentioned "STEPN" and the other one I heard about which is "Dustland."

unfortunately this is required huge capital to start move to earn app, which is more than $1k.this is the concept on how earning money only by walking and activate application , this is never imagine before that by walking we could earn money. with this new business model , alot investors outside crypto market will try to join in this breakthrough. its have less risk if we compare with trading our anothr way to earn money.

Actually, the hype has started to be seen from the STEPN project with their Move To Earn concept, many people have used the application to benefit by living a healthy lifestyle. Actually, this concept is very good for profit especially for those who work as online taxis, such as grab, gojek, uber, they go on long journeys to earn money from their platform, and from STEPN. I'm sure it won't be long before it explodes, but I don't know if this trend will last long.

what i remember about this is the stepchain project, a fitness lifestyle app also where you can earn their coins by the number of steps youve taken. but, they haven't succeeded in the market, now, there's STEPN. who knows, there's connection between the old Stepchain to this STEPN? but anyway, this is a great app for health buffs individuals. as they can earn those tokens easy. but they need to reach out those people. so for me, this is not a new concept. it now depends on the team how they can make this platform successful in the market.

STEPN (GMT) is not the first token to introduce the move to earn concept, I first heard about this concept from Izetex some years ago and I actually downloaded their app then and earned some of their tokens, I eventually got tired of following up but I don't hear much about them later.

Also COIN app has been on Google PlayStore for some years now where you can earn XYO for moving around while leaving the app running. I however do hope that STEPN has a long term plan to survive on this model and that it doesn't fade away. I'll like to see Cryptocurrency startups successful to encourage more people to come in.

This is a new trend and they are targetting a huge industry which is the fitness industry at the same time they are encouraging people to get by fit, after the play to earn we now have the move to earn concept, this is actually the second concept I've read in this forum the other one is sweatcoin where you get paid Crypto just to walk, I see more similar like this coming up and this will be the new trend.

In my opinion move to earn is the best concept . There are lit of projects who give you money while you are walking jogging or running. I heard about STEPN project which coins is gain so hype.

But the biggest question is sustainability if there are already thousands of users and more are coming will they keep rewarding people and these walkers or movers will just dump the token because it's a reward token, there should be usability and a supporting platform like a marketplace to sustain the project, not just as a form of reward.

Agree! starting investment for this game must be low for now as its just gaining attention lately but it disappoints many small gamers/investors that it needs huge funds inorder to play this game, I really want to try this new concept but cant afford for now maybe more competitors are coming with low investment needed.   

MOVE TO EARN maybe this is one of the successful projects this month, so many projects have started popping up with the same idea of ​​MOVE TO EARN but investors are aware that this is a good opportunity to get profits to enter in this new trending GMT stepn.

A complete list of all currently available Move-to-Earn tokens has been published in the Russian locale:

---

Largest projects by capitalization:

• STEPN
• Step.app
• Green Satoshi Token
• Genopets
• DOTMOOVS

Apparently the trend is gaining momentum, now might be a good time to invest in such projects, but as a yield mining by buying sneakers I am somewhat skeptical. I heard that the STEPN project may soon launch a sneaker rental feature.

Enjoy why it lasts   ;D, these shoes required to start earning will grow higher in price as time goes on, at one point it will look stupid to invest money just to keep jogging lol, we will get to where Axie infinity left off, the first comers becomes the winner and the new comers won't fill comfortable in the space.

I have invested 1500 dollars in this project. I will post my progress in this thread.
https://bitcointalk.org/index.php?topic=5396373
Assess your risks, be prepared for losses if you plan to earn. Summer is a good time for such projects; in winter, when it's cold, I don't want to walk or run.

I have seen this communication in one of the telegram group and i was wondering what they are talking about. So does move to earn coins will give advantage for moving the coins all the time  :D. I will check out the project but the business model is not promising as it will be an inflationary token to begin with for giving incentives for moving.

Edit:
Now i got it, earn and stay healthy by moving. Not sure how successful it would be, but it is interesting.

I think for a start the hype would help boost the project a bit far but I'm afraid it might also get lot spread with fake scam projects out there and die within a space of few months like it did for P2e. Scammers these days tend to use the trend to their own glutton advantage.

Sweatcoin was the original and should be utilized by everyone, then the Steemit Actifit Report card was maybe the first actual implementation, but both could be upgraded.

In my opinion, Move-to-Earn is the new hype and trend of 2022-2023 as it is the best bridge to attract people to crypto. The only negative of such hype is that there will be a lot of scam Move-to-Earn clone projects.

M2E games are real in the space and it's effectively working. it's just similar with the P2E games and they are built on the same blockchain. The games is all about NFTs. As for P2P games, we have MBOX game which involves you connecting your metamask Wallet to your the game site. Perhaps you will deposit some certain amount of ETH to play the games. While for M2E game, it's simple and easily to earn. One of the App where M2E is active is the Sweatcoin. This app determine the number of steps you walked a day, and the miles you cover. That is, your earnings is based on your steps you walked daily. In a day you can have 10 Sweatcoins if you referred someone and makes 1000 steps daily. Then you would use your earnings to order a gadget from their site or app.