Review Movey Token – Move-To-Earn Hot Trend In 2022

Maybe the term Move-To-Earn(M2E) or new trend 2022 Move-To-Earn has appeared a lot lately, especially recently with the emergence and emergence of a few other trends like Auto-staking combine Auto-Compounding Protocol . Some projects have significant growth such as Titano, Inubase, Lunu and most recently after the successful IDO event on PinkSale – Movey is a bright name next for this growth. The project has released test versions for ISO and Android, users can experience the features before releasing the main version. In addition, Movey is also considered as one of the move-to-earn projects that is different from other projects on the market. Let’s find out with Coincu.

What Is Movey ($MOVEY)?

Movey is a standard mobile technology application that integrates blockchain and cryptocurrency. Users can not only track their health, but they can also earn $MOVEY tokens by moving and playing games.

Movey’s simple, user-friendly design interface will make it easier for users to experience the power of cryptocurrencies and make positive changes in their lives for the better while promoting the investment that will strengthen the stability of the $MOVEY token. More specifically:

• Users don’t need to understand NFT or Crypto to get started.
• Burn those calories is all you need to know to start using Movey.
• Their objective is to build a powerful app platform and ecosystem that will attract millions of new people into the world of cryptocurrency through the development of various applications. It should be simple for people to experience the power of crypto and make a good difference in their lives.

Outstanding Features

What is the project trying to achieve?

• They aim to expand and spread their application as a health statement and health vision, dedicated to encouraging individuals to have healthy and active lifestyles enabling as many people as possible to view the entire facts of their health.
• $Movey connects one’s everyday essentials to web 3.0. This program is also compatible with a wide range of different devices, allowing users to effortlessly monitor their daily heart rate while also supporting them in improving their personal health.
• Furthermore, Movey team intends to build a vast and sustainable ecosystem in the form of a never-before-seen social media platform. They will connect real-world user profiles with their virtual-world identities, and they will play an essential part in all future meta-verses. This enables individuals to stay on track as they attempt to create more good behavioural adjustments today.

What is the unique selling point?

Best Fixed APY – APY 100,335% in 1 year, the best paid APY in the blockchain world. After 1 year the interest rate drops over a predefined Long-term Interest Cycle period.

Easy and Safe Staking – When you buy $MOVEY, we include auto staking in your wallet. There’s no need to transfer your tokens to our site. You are staked and eligible for rebase rewards the moment you purchase. The most user-friendly auto-staking system in DeFi.

Low Risk with the Insurance Fund – 8% of selling fees go in the Insurance Fund which helps sustain and back the staking rewards by maintaining price stability and greatly reducing downside risk.

Greatest Interest Payments – Our popular staking protocols pay rebasing rewards every 8 hours which mean if you want to un-stake you have to time it to get maximum rewards. our Auto-staking Protocol pays every 12 minutes, 120 times every day, making it the fastest auto-staking protocol in crypto.

Auto-Burn Function – With our Auto-Burn program, 2% of the $MOVEY sell fee are burnt in the Fire Pit. The more that is traded, the more your tokens are worth. The tokens get into the fiery furnace to reduce the circulating supply and keep the MOVEY protocol stable.

Movey Application

Move to Earn

Users need to have a NFT Sneaker or stake $MOVEY token in Stake Token Management to participate in Movey’s earning modes where users are rewarded in $MOVEY/NFTs by walking, moving.

Marketplace

The marketplace is where users can rent, lease, or trade their NFT Sneakers and NFTs from NFT Movement Creating. The filter function is available in the marketplace to easily find the NFTs you want.

Rent NFT

With a smart rent/lease mechanism, new users can easily get started by downloading the app and renting the Sneaker. The Smart Contract will deliver rewards to renters who complete missions.

Create NFT

Users can earn $MOVEY by creating sneakers as well as creating their own NFT. The NFT Movement Creating is a unique feature of Movey that converts an image of a player’s journey into an NFT.

How To Earn?

Users need to have a NFT Sneaker or stake $MOVEY token in Stake Token Management to participate in Movey’s earning modes of Move-to-earn Application. You can combine both ways to maximize profits.

$Movey is also an Auto Staking & Compounding Protocol that offers the best fixed APY in the crypto, up to 100,335%. Auto-compounding rewards are delivered to your wallet every 12 minutes, 120 times per day. All you have to do is BUY&HODL in your wallet.

Note: you still get the rewards from Auto-Staking & Auto-Compounding Features when you join “Stake to Run”.

To be able to participate in the Stake To Run Mode you need to do the following steps:

• Step 1: Go to Movey.io and Select Staking
• Step 2: Select your Tier and click Stake. Note: You need to have enough token in your wallet.
• Step 3: Open Movey Application and check your moving target.
• Step 4: Claim your token after you complete the target.

There are 3 tiers that you can stake, the higher your Staking Tier, the larger number of rewards you receive after completing the tasks:

Note: you still get the rewards from Auto-Staking & Auto-Compounding Features when you join “Stake to Run”.

Currently, there is a test version on iOS and Android and they give many responses from the community. The Movey Mobile App for iOS is available on APPLE STORE. Dowload now: https://apps.apple.com/app/movey/id1620298823

Marketplace (Coming soon)

The Marketplace is where users can rent, lease, or trade their NFT Sneakers and NFTs from NFT Movement Creating. The filter function is available in the marketplace to easily find the NFTs you want.

• Currency: $MOVEY
• Marketplace Trading Tax: 2%

Creating NFT (Coming soon)

You can earn the money by creating good Sneakers or creating your own NFT.

Shoes Creating (Coming soon)

Users use 2 Sneakers they own as a blueprint to breed creating a Shoebox in the process. Both Sneakers need to have full durability to begin creating. In Create tab, choose 2 Sneakers to create and press create to proceed. The user will instantly receive a Shoebox that can be opened immediately. Users can create a maximum of 7 time per Sneaker. The higher creating time a Sneaker has, the more token it will cost. Shoe-Creating has a 48 hours cool down for both Sneakers which can still be used for movement.

• Common
• Uncommon
• Rare
• Epic
• Legendary

Shoe-Creating has a chance to drop one extra Lucky box. The higher the creating time, the higher the chance to drop multiple Lucky boxes.

Renting NFTs (Coming soon)

With a smart rent/lease mechanism, new users can easily get started by downloading the app and renting a Sneaker. Before a rental can be approved, the user must first apply for it and then completely agree to the leaser’s requirements. After 24 hours, the Sneaker is returned to the owner for repair. An agreement can last up to 7 days depending on the renter’s credit. Following the Rental Agreement, the Smart Contract will deliver rewards to renters who complete missions.

Health Care (Coming soon)

MOVEY Health Care System:

• The application will assist you in developing a healthy lifestyle by providing online tools that check your health stats, monitor and measure your activities such as walking, cycling, and running. From there, they calculate the number of calories, weight situation, and calories burned through each training day and also monitor your sleep quality.
• Real-time detailed statistics for your runs, walks, and cycles.
• Supports direct connection with smart accessories such as watches,… as well as connections to other health and fitness applications.

Movey SocialFi (Coming soon)

Also includes a slew of additional health features to maximize the app’s value:

• Home & Healing
• Body Mass Index Calculator
• Workout Process
• Yoga Meditation

Movey Wallet (Coming soon)

• $MOVEY will be integrated with a decentralized wallet in the application to provide a seamless experience for users, which can be used to hold your NFTs, cryptocurrencies and other digital assets.
• $MOVEY will only support the Binance Smart Chain (BSC) network for transactions for the time being. More networks will be added in the future.
• Wallet features: Deposit crypto tokens and NFTs (BSC network). Withdraw crypto tokens and NFTs (BSC network). Swap (trade) function with liquidity.

Movey Moverse (Coming soon)

Auto-staking protocol

The Rebase Mechanism will transform each user’s wallet into an “Auto-Staking Pool“, allowing them to earn $Movey just by holding tokens. The compound interest formula will be used to calculate the earnings that consumers will get from Rebase. This allows participants who believe in the project and have held the token for a long period to increase their balance.

Advantage:

• Get staking interest without having to approve or transfer tokens to another address.
• No fees for auto-staking every 12 minutes, resulting in a big return from the compound interest formula.

Defect:

• High transaction tax to prevent speculators from profiting from compound interest.
• Total Supply changes, making it difficult for subsequent investors to catch up to the initial investors.

For example:

• You are holding 100,000 token. This is considered as staking 100,000 at 0.01578% interest every 12 minutes.
• After 12 minutes, your balance will be: 100,025.78 $Movey
• For the next 12 minutes, you are considered to have staked 100,025.78 $MOVEY at an interest rate of 0.01578% every 12 minutes.

As a result, the longer you keep token, the more the number will be magnified, resulting in huge gains for Movey members.

MOVEY Liquidity Pool

• To maintain the liquidity, the MOVEY Liquidity Pool triggers a response every 48 hours and injects liquidity into the market.
• With each trade, there is 6% sell tax levied on both buyer and seller by the Auto-Staking. This fund is used up to buy $BNB and $MOVEY at a 50/50 ratio to provide liquidity when the investors sell-off.

MOVEY Insurance Fund

• 8% of selling fees are stored in an insurance fund that forms the Insurance Fund. This fund forms the backbone of the Movey, backing the staking rewards provided by the positive rebase.
• Insurance Fund also acts as a buffer to maintain liquidity in case of a sharp sell-off

MOVEY Treasury

• Constitutes an important part of the $Movey. It provides an extra cushion of insurance to the Insurance Fund in case of a very sharp sell-off.
• In addition to that, treasury is used to create extra services and products and pay for marketing campaigns for the project .
• And it includes 4% from Sell Fee

MOVEY Fire Pit

Fire Pit is a Burning Token activity in order to:

• Prevent circulating supply from getting out of hand and becoming unmanageable.
• Offset positive rebase interest printing. 2% of the $MOVEY Sell Fee are burnt in the Fire Pit. The more that is traded, the more get put into the fire causing the fire pit to grow in size, larger and larger through self-fulfilling Auto-Compounding, reducing the circulating supply and keeping the token stable.

Roadmap

Phase 1 -April

• Website Release
• Whitepaper Release
• Alpha Test
• Smart Contract Deployment
• Audit
• Cross Promotion Activities
• Public Sale
• DEX/CEX Listing
• Auto-Staking & Auto-Compounding

Phase 2 – May

• Beta Test
• NFT Sale
• Marketplace Release
• Official Application Release
• Healthy Care System
• Daily/ Weekly Challenges
• Season 1 – Running Missions

Phase 3 -June

• Social Marketing Campaign
• Creating NFTs
• Rent NFTs
• Competition Mode
• Partnership with Shoe Brands
• Wallet – Test Phase

Phase 4 -Q3

• SocialFi – Test Phase
• Season 2 – Marathon
• Movey Wallet
• Clan – Release
• Partnerships with Sport Brands
• Listing Top tier CEXs
• Carbon Offsetting
• Bridge to Solana/Polygon/ETH

Phase 5 – Q4+

• SocialFi – Release
• Moverse – Running on Metaverse
• World Tournament
• More to come!

Technical Data

Token Metrics

• Token Name: Movey.
• Ticker: Movey
• Blockchain:  BNB chain
• Token Contract: 0x2b511AA476213E9081Dd6A59a3739f0CB9d01162
• Token Type: Utility
• Total Supply: 21,000,000
• Circulating Supply: 19,818,313.00

You can update more information at: CLICK HERE

Token Allocation

Total Supply of 20 Million positively rebase to Max Supply of 100 Billion over the course of 10 years.

Transaction Tax: Buy: 0% Sell: 15%

Token Sale

You can trade MOVEY on Pancakeswap

Price today: $0.5762

ATH: $0.5762

Token Use Case

$MOVEY is a BEP20 token, which is the main token of the ecosystem. Users will receive tokens when completing missions in the application, tokens can be used to purchase NFT boxes, repair shoes, create NFTs, trade/rent/lease NFTs in the marketplace, and participate in special events.

Market and Community

Market

Currently, new trend move to earn is no longer strange to users, many tokens are born to serve the needs of the market. Later tokens will combine the advantages of the old token and add new functions. The move to earn market promises to go a long way with crypto because the nature of move to earn is related to the health and needs of users.

Community

Movey has 47.1K Followers on twitter

Some Upcoming Events

NFT Box Presale Schedule

Are you ready to own MOVEY BOX, Moveyers? Their team has been working very hard behind the scene to bring you this special event. Participants will have a chance to get MOVEY BOX in NFT BOX PRESALE event.

• Only 1250 boxes will be available for presale at a special price
• Price: 0.8 BNB/Box
• Starting Time: 1 PM (UTC), April 28th

Note: 100% revenue from box sales will be used to buy back $MOVEY token. The wallet address that receives revenue from the NFT BOX Presale: 0xC611fF32cE3969920d0623915Cd3866CfDb02148

Rebase Will Be Disabled

After receiving the results of users’ votes on the Rebase Process, they conducted a meeting to discuss with Smart Contract security specialists, and we decided to discontinue the Rebase mechanism from 12PM UTC April 28th for the following reasons:

• A transaction conflict has occurred as a result of the Rebase mechanism.
• The majority of users and experts want to disable the Rebase function.
• We have completed the Rebase event in the early stages for our pioneers to increase their $MOVEY balance.

Verdict

Currently, we have only witnessed the short beginnings in a very long journey of Move to Earn, there is potential if this type of game is properly invested to be able to expand and be applied more in practice. The period when the GameFi market is changing, can Move to Earn games make a place for themselves? Let’s continue to observe with coincu.

Find more information about Movey:

Website: https://movey.io/

Twitter: https://twitter.com/MOVEYOfficial

Telegram: https://t.me/moveyannouncement

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

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.

Alan

Coincu Ventures