Move to Earn is a concept that is gradually becoming familiar in the crypto community. If you are a fitness enthusiast and want to earn extra income from your fitness, then Move to Earn is perfect for you.
With Move to Earn, you can both train your body and receive cryptocurrency rewards every time you complete your fitness goals. Therefore, in this article, let’s learn with AZCoin about the concept of Move to Earn, its history, how it works and the potential of this project.
What is Move to Earn?
Move to Earn (M2E) is a model that combines blockchain technology with sports training, allowing users to earn cryptocurrency for completing certain physical activities. Users can receive rewards by performing exercises such as walking, jogging or cycling, depending on the rules of each M2E project.
The goal of this model is to promote a healthy lifestyle, while also providing an additional way to earn money through maintaining health.
History of Move to Earn
The concept of Move to Earn began as a unique idea within the crypto community. However, the emergence of STEPN, a mobile application that allows users to earn money by walking or running, was seen as a major breakthrough for M2E. Launched in December 2021, STEPN quickly garnered the community’s attention and sparked a strong global wave of M2E. Notably, STEPN integrated machine learning algorithms to enhance user engagement and reward accuracy.
Following STEPN’s success, many other applications and projects were developed using the Move to Earn model, creating a large and diverse community. Notable mobile applications like Sweatcoin, Lympo and Bitwalking have attracted millions of downloads on both iOS and Android platforms.
How Move to Earn works
The operation of Move to Earn is quite simple. First, users download and register to use a mobile application integrated with blockchain technology from M2E projects such as Sweatcoin, Lympo, Bitwalking, etc. Then, you can choose the physical activities you want to participate in.
When you achieve the set physical goals, you will be rewarded with corresponding cryptocurrency. The amount and type of cryptocurrency will depend on the application and project you are using. In some cases, you can exchange these rewards for other cryptocurrencies or convert them into cash.
The accumulation and use of these rewards are also carried out through blockchain technology, ensuring safety and transparency for users.
Differences between Move to Earn in crypto and traditional models
A notable difference of Move to Earn in the crypto community is the integration of blockchain technology into the business model. This brings significant benefits for both users and app developers.
With blockchain technology, tracking and verifying user activities becomes more accurate than ever. This ensures fairness in the distribution of rewards to users and creates a healthy competitive environment.
Additionally, the integration of blockchain technology enhances security and safety for users. By storing data in interconnected blocks, blockchain technology helps prevent fraudulent activities and protects users’ personal information.
5 games that pay you crypto for working out
Currently, there are many mobile applications integrating blockchain technology with the Move to Earn model on the market. However, below are the top 5 Move to Earn games that are highly rated by the community.
STEPN
Users earn GMT (Green Metaverse Token) and GST (Green Satoshi Token) by walking, jogging or running. As of early 2024, active users can earn between $10 and $50 per week, depending on their activity level and the type of sneakers they use. STEPN boasts over 5 million global users and a market capitalization exceeding $1 billion.
Sweatcoin
This app rewards users with Sweatcoins (SWC) for walking, which can be exchanged for goods, services or converted into cryptocurrency.
Typically, users earn about 0.95 Sweatcoins for every 1,000 steps, with an average daily earning of 10 to 30 Sweatcoins. Sweatcoin has achieved over 100 million downloads and around 30 million active users.
Lympo
Lympo rewards users for completing fitness challenges and activities. The app partners with various sports and wellness brands to offer rewards in the form of LYM tokens, which can be used within the app’s ecosystem or traded on exchanges. Lympo’s integration with DeFi platforms allows for more flexible and secure reward transactions.
Walken
Walken rewards users with WLKN tokens for walking. The app tracks physical activity and converts it into tokens, which can be used in the app’s ecosystem or traded on cryptocurrency exchanges. Users can earn varying amounts of WLKN tokens based on their daily steps and activity levels, promoting both fitness and financial rewards.
Genopets
A unique Move to Earn game that combines elements of gaming and fitness. Users nurture and evolve their digital pets (Genopets) by completing physical activities. The more active the user, the more their Genopet grows and evolves, unlocking new abilities and rewards.
Potential of the Move to Earn project
The Move to Earn project is increasingly attracting the interest of users worldwide. By combining physical fitness with blockchain technology, M2E not only offers health benefits but also creates opportunities for earning money and social interaction.
During the evaluation process of its impact and effectiveness, it’s clear that this model holds significant promise. With strong growth potential in the future, the Move to Earn project is poised to become a new trend in the sports and cryptocurrency sectors. Encouraging users to exercise and engage in physical activities while earning money will help raise health awareness and motivate people to stay active.
Conclusion
Above is some information about Move to Earn, a new trend combining sports and blockchain technology. Hopefully the article has helped you better understand this concept and how Move to Earn apps work.
To learn more about the best cryptocurrency exchanges and update the latest news on the cryptocurrency market, visit AZcoin. We wishing you success and good health when participating in Move to Earn projects!
I’m Jessi Lee, currently living in Singapore. I am currently working as a trader for AZCoin company, with 5 years of experience in the cryptocurrency market, I hope to bring you useful information and knowledge about virtual currency investment.
Email: [email protected]
