A ground-breaking breakthrough in the use of blockchain technology is the ability to reward human activity. Play-to-earn games have offered a fun method to earn blockchain-based rewards through gaming over the past few years. A more recent idea that makes use of these rewards for human behavior is called “Move-to-earn”.
Move-to-earn games are a new application of blockchain-based rewards where users earn incentives for participating in fitness activities. These genres of games provide revenue sources and motivation for engaging in various forms of exercise, including swimming, running, walking, or jogging. Now, we are going to see which are the top 5 Move to Earn Cryptocurrency apps trending in 2022.
Marketcap: 487 million
STEPN is by far the most used and most popular move-to-earn platform. STEPN is a mobile-first move-to-earn game where users can earn by walking, running, or jogging outdoors with their NFT footwear. The Solana-based project hit the market in 2021 and became a sensational success in 2022.
STEPN has managed to garner significant attention and adoption since its launch, thereby putting it on top of other move-to-earn projects. It also boasts support from partnerships with top blockchain firms including Binance, Solana Ventures, and several VC firms.STEPN is powered by a dual token economy that features the GMT and GST tokens. The utility and reward token, $GST has an unlimited supply and a burning mechanic that controls its supply. It has a six billion supply and hyper deflationary mechanics. Players can earn passively by staking their $GST tokens for yield rewards.
2. Step App
Marketcap: 41.4 million
STEP is a move-to-earn project that provides users with daily rewards for walking, launched in January 2022. The mobile app is currently available for users to check out on iOS and Android devices, and we recommend checking it out if you’re looking to start earning rewards.
STEP ($FITFI) is the primary BEP-20 utility asset on the platform, distributed to users as rewards. It’s worth noting that STEP has a 5% buy and a 15% sell tax, so make sure to keep that in mind in case you’re looking to buy and sell the token for profit.
Marketcap: 38 million
In Genopets, players can take care of their fitness through gamified experiences where they breed Genopets. The Genopets are in-game characters that players can trade and nurture to improve their earnings. Genopets’ free-to-play mechanism, which enables players to start earning without any initial investment. However, they can unlock an additional revenue stream with NFTs and in-game tokens.
Genopets use the dual-token mechanism commonly found in P2E games today. $GENE is the governance token used to administer the project, voting, and staking to receive rewards from the project. KI is also a utility used to buy and sell Habitat (NFT in the game), paying bonuses for user activities. The economy in the game is generally well designed, so when moving to earn becomes the next trend to replace play to earn, Genopets is a potential name that you can consider.
Marketcap: 5.6 million
DotMoovs is a bit different from others in that it not only rewards your walking, jogging, and running, the application rewards you for all kinds of movements. Meaning? You can dance, groove, show off your soccer moves, and do random limb movements and if you win, you get paid. So basically DotMoovs is a unique Metaverse sports competition platform that allows peer-to-peer interaction and challenges remotely. Once you log in on the app you register yourself for different events and showcase your talent.
$MOOV token can be further used to purchase NFT sneakers. And you can earn through these sneakers too by lending them out to your friends and getting communion from them for their usage.
Sweatcoin is a free app which rewards your daily steps with a new-generation currency you can spend on cool products, donate to charity or convert into $SWEAT. Sweatcoin built on Near Protocol, works on the feature that the application will count the number of steps you walk every day in order to pay you in their native token, the Sweatcoin token. Once you log in to the mobile application of the software you are allowed to connect your GPS and your health tracking data. For about every 1000 steps you earn 1 Sweatcoins. The first level of the sweatcoin move to earn platform is free while the subsequent levels are subject to a fixed subscription.
Move-to-earn games are fun, pay you crypto in exchange for sweat, and have a hand in keeping you fit. However, if you look out there are many more with perhaps more features that might suit you. Although these platforms sound very promising in their vision to help people earn and stay fit, do keep in mind the small catches associated with these that we have mentioned.
Also, as we usually point out, these systems for earning money through moves are susceptible to technical difficulties due to the volatility of the cryptocurrency market. So before investing your money (or time and energy) on any paying platform, ensure you know everything about it, and your financial bases are covered.
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DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.