Mining crypto by walking

[MI6]

I think the most important is not how to obtain it, but although they give you free coins/tokens but how they maintain their coin in market. And something like that only make new coin that don't make good benefit in market for traders, or maybe for their investors.

[lousie9]

If for a clear income something like this is very good to develop especially if the application really only pays on foot then it's very good but whether for business applications like this can cover the revenue for the developer team of the application of course for marketing matters like very ineffective because developers only incur no cost of entry to the developer.

[Eclipse26]

It seems nice but not everyone will surely love this kind of concept. It's a win-win situation for those who wants to exercise and get fit because at the same time, they can earn. But not everyone will give time walking just to earn small amount I guess?? And how can they earn profit if they'll be giving money by just walking. Aside from advertisement??

[BChydro]

A couple of years ago, there was a crypto project named "MangoCoinz" which allowed anyone to earn crypto by simply walking. The app used the smartphone's pedometer to keep track of the steps taken by an specific person. This encouraged anyone to exercise their body while getting paid in return. While this was great back then, the project is no longer being developed. Something like this would've been great to have in the mainstream world today, but I guess there was lack of demand for it back then.

It will be a fun project but to have a valuation for the token they create for you to workout is just outrageous to imagine and the future of the project was known, you cannot imagine that every project can have valuation but for you to have a real valuation you need to have some utility that can create business on its own and you cannot have valuation from thin air and all of these projects fail because they expect valuation out of thin air and that is not how economy function. 

[the rise]

I remember about lyfe tokens, the similarities with Mangocoinz were not much different, but for some reason there was no big progress at that time even though the project was already very revolutionary with their smart watches and not just limited to the android application. I think this type of project hasn't gained much interest because investors are still more inclined to be fast money oriented, they are still forgetting projects with real use case concepts that are more slower growth.

[Amel]

I'd hope that someday a new dev team takes charge of the "MangoCoinz" project or simply create a fork of their own, to allow people to "mine" crypto by walking. It's completely revolutionary way of doing exercise while getting paid in return. Maybe launching an ERC-20 token with its own app will do the trick? Whichever way it is, I look forward towards the revival of an app that would work just like "MangoCoinz" did in its early days.

Do you think something like this will be viable in the future?

In contrast, I myself am not sure about that, although in my opinion it is very good but on the other hand such projects will be used by irresponsible people. Just as there are many cases of referral fraud, certainly projects like this will be easily cheated and also use bots as if people are walking, which in turn will only detrimental to the company. People are crazy now because their orientation is only money.

[Bossfidelity]

I personally don't see a viable use case for earning simply by walking. It does not fulfil anything that a client would be interested in paying for. I guess that explains why the project was abandoned by the developers. The initiative is cool, but it may not sell more after the ICO.

[lixer]

But, how would the project itself earn revenues if it pays peoples just for walking? I am sure that the pedometers in the mobile devices won't pay any such application. They might generate a revenue from displaying ads on their application but for what period would it be valid?

I think they could only generate minimum income from such ad campaigns and they need to pay their clients which would be using their application for mining cryptocurrencies just by walking. They might perhaps shift from the "Cryptocurrencies" to their specific token which they could reward the users who use their smartphone for mining via walking but how would they create a demand for such token? Things like this should be considered before starting a project and perhaps it might be the thing which stopped the regulation of the "MangoCoinz".

[daglordjames]

there is also an app that you can gain their coin by walking or doing an exercise. they can track your steps and more.

[shiming]

First said that this idea is good, but in reality it is still somewhat unreliable. It is possible that many people will use free phones to swipe free cryptocurrencies. This will lead to the proliferation of this cryptocurrency, so this coin is unlikely to succeed, so other technologies are needed to realize your ideas. The cost is too low and needs improvement. So put your thoughts elsewhere.

[desticy]

The idea is good, but the reality is unreliable. Many people will use free mobile phones to brush free cryptocurrencies. Maybe you need other technologies to realize your ideas. The cost is too low and there is no room for improvement. So, put your ideas elsewhere local.

All right. The main thing is technology. In itself, walking brings only local benefit to the object that walks.
However, if it were possible to create a technology in which the kinetic energy created by walking would be transmitted and transformed into another type of energy, for example, electric, then this would be really useful and interesting.

[forexandcryptoauditor]

The concept was really awesome. This will definitely work for people who are lazy
It's unfortunate that this project is dead, but I heard about a similar project called step chain where it's encouraging its users to walk or exercise in return for its tokens.

[bangjoe]

But, how would the project itself earn revenues if it pays peoples just for walking? I am sure that the pedometers in the mobile devices won't pay any such application. They might generate a revenue from displaying ads on their application but for what period would it be valid?

I think they could only generate minimum income from such ad campaigns and they need to pay their clients which would be using their application for mining cryptocurrencies just by walking. They might perhaps shift from the "Cryptocurrencies" to their specific token which they could reward the users who use their smartphone for mining via walking but how would they create a demand for such token? Things like this should be considered before starting a project and perhaps it might be the thing which stopped the regulation of the "MangoCoinz".

it seems almost similar to POS mining if I'm not mistaken, reward is a common trigger for initial activity, and then all income is based on supply and demand on the exchange market. Developers are more concerned with aspects of circulation first and then start creating new features to increase user interest to start top-up balances and start exploring many premium features in one application.

[isaac_clarke22]

That's kinda sad actually. I never got to know about that coin.

~

the idea was good ,its rewarding users by walking but the problem about that is . Is there away developers can earn for such a project if they can then we can see many project will create the same as this one. But if not profitable for developers then theres no way they will waste time for this.

I am thinking of them making a device like a watch or any wrist device that would be pretty convenient for people and they can sell it from that. I just don't know if such device that small would be possible though.

[Twentyonepaylots]

I think the most important is not how to obtain it, but although they give you free coins/tokens but how they maintain their coin in market. And something like that only make new coin that don't make good benefit in market for traders, or maybe for their investors.

Still, the main point of this certain application is to promote healthy lifestyle by means of carrot on a stick. And it's good since most people nowadays won't do stuff unless they receive a compensation in return. Hopefully this application gets kicking again since it is a nice way to help people who are demotivated in earning money. In the issue of how well it'd put up in the market, long as everyone supports this program it'll keep itself on its own.

[enhu]

I remember about lyfe tokens, the similarities with Mangocoinz were not much different, but for some reason there was no big progress at that time even though the project was already very revolutionary with their smart watches and not just limited to the android application. I think this type of project hasn't gained much interest because investors are still more inclined to be fast money oriented, they are still forgetting projects with real use case concepts that are more slower growth.

I saw that Lyfe token back 2018, it was actually a great token almost similar to this MangoCoinz. Lyfe ICO was sold out as seen on their ICO thread here https://bitcointalk.org/index.php?topic=5048366.0

It attracts investors because the advisor of this project was part of the Indodax exchange but in the end it was dumped by the investors as it was launched during the bear market. Right now its still in Tokenomy exchange but not really valuable. I guess this kind of concept doesn't work for its easy to cheat.

[Xcode7]

A couple of years ago, there was a crypto project named "MangoCoinz" which allowed anyone to earn crypto by simply walking. The app used the smartphone's pedometer to keep track of the steps taken by an specific person. This encouraged anyone to exercise their body while getting paid in return. While this was great back then, the project is no longer being developed. Something like this would've been great to have in the mainstream world today, but I guess there was lack of demand for it back then.

I'd hope that someday a new dev team takes charge of the "MangoCoinz" project or simply create a fork of their own, to allow people to "mine" crypto by walking. It's completely revolutionary way of doing exercise while getting paid in return. Maybe launching an ERC-20 token with its own app will do the trick? Whichever way it is, I look forward towards the revival of an app that would work just like "MangoCoinz" did in its early days.

Do you think something like this will be viable in the future?

I have tried this, but because there is little interest, this also dies, there is actually an easier way to shake, but if walking is also good for our health, this is a unique way but only development needs to be added so that this can last long.

[princesspoppy]

Such a good idea in order to encourage someone to exercise by just walking and earning money at the same time by doing this. The only thing that lives us wondering is, what will the project developer benefit from this project? I'm wondering if they are Physical fitness trainers that really love to encourage people to exercise, or are they eco-friendly people that love to reduce pollutions in the air by lessening the vehicles used by these people that's why they encourage them to walk rather than riding a vehicle? Well, I don't know. I'm sure project developers will keep this kind of project if it will be beneficial to them.

[ballerin and giroud]

As you may know there is no an easy way to earn crypto. Investing and trading are indeed the popular place as of now but since investing and trading aren't easy for those investor to gain profit especially for newbie which I think they will look a place which can give an easy/instant profit for them moreover to gain passive income.

Maybe the concept that you explain is really suitable for now. I hope there will be some places which can give profit with doing anything for the user. Such as staking coin or lending coin maybe it will be better. And I'm sure if there is some trusted places which give them maybe it will be new era for this indurstry.

[stephanirain]

A more feasible would be a token with it's own fitness band. That way they'll have a revenue by selling bands while rewarding their faithful users with rewards for doing what the users thought of doing while buying the band. It would be like a cashback for properly using a product. It would be more effective if an established fitness brand come up with this idea. And atleast give me credits (and a paycheck).

This nature of cryptocurrency hopefully be adopted not only in the fitness and health marker but also to other daily transactions marker. It is my dream to see that futuristic society where crypro will be often used. Though I know that it will still take a long time and many other things will need to happen first. But the continuously adoption of crypto to other industries is a great help to manifest that vision.