Xal0lex (OP)
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April 22, 2022, 09:25:14 PM |
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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?
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Yogee
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April 22, 2022, 10:17:58 PM |
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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.
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tabas
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April 22, 2022, 10:29:14 PM |
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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.
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Yogee
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April 22, 2022, 10:59:26 PM |
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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.
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. 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. What the F.
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Nivia1st
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Activity: 821
Merit: 100
Volare.network
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April 23, 2022, 06:19:49 AM |
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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?
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.
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aprilnot
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April 23, 2022, 06:31:01 AM |
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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.
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dimonstration
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April 23, 2022, 06:32:02 AM |
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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?
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.
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Bitstar_coin
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April 23, 2022, 06:32:58 AM |
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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?
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.
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kurniawan05
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Activity: 1708
Merit: 13
KUWA.ai
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April 23, 2022, 07:46:21 AM |
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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.
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kaseygriffin
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April 23, 2022, 08:40:28 AM |
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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?
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tabas
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April 23, 2022, 09:07:11 AM |
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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.
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. 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. 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. What the F. 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.
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traderethereum
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April 23, 2022, 09:18:14 AM |
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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.
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Flangler1
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Activity: 99
Merit: 30
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April 23, 2022, 09:32:47 AM |
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And the same concept for the project that when you poop, you'll get paid too.
Looks interesting, and innovative. The name poopcoin can fit well.
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so98nn
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April 23, 2022, 09:32:58 AM |
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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.
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Ararbermas
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April 23, 2022, 10:46:35 AM |
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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.
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coin-investor
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April 23, 2022, 11:01:19 AM |
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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?
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.
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GreatArkansas
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April 23, 2022, 11:17:44 AM |
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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.
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MAAManda
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April 23, 2022, 11:41:10 AM |
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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.
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. At the moment, the most famous project is STEPN and their token STEPN (GMT), which has already raised almost $2 million in capitalization. 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, Wirtual, Sweatcoin and Genopets. What do you think, what is the future of this business model and will there be a hype for such tokens?
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.
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cheezcarls
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April 23, 2022, 11:49:26 AM |
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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?
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.
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bayudndy
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Activity: 824
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PredX - AI-Powered Prediction Market
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April 23, 2022, 12:29:27 PM |
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...What do you think, what is the future of this business model and will there be a hype for such tokens?
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.
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