Wondering how to earn, on the growing number of move-to-earn platforms? This Guide looks at 5 of the top names in the space and examines the unique features of each.
Following the popularity of play-to-earn games in 2021, move-to-earn games have surged in popularity in 2022, and are a new application of blockchain-based rewards where users earn incentives for participating in fitness activities. These games provide revenue sources and motivation for their users engaging in various forms of exercise, including swimming, running, walking or jogging.
Move-to-earn games gained popularity after STEPN’s release in December 2021. The concept behind move-to-earn can be traced back to employee-sponsored fitness rewards where employers reward their workers for completing health goals. However, the main goal of these games is to improve the quality of lives. They motivate users to prioritize their lifestyle, thereby reducing obesity and its chronic conditions.
Since the release of STEPN, the category has grown impressively. Some names have been around for awhile, while several others have launched this year.
Top 5 Move-to-Earn Fitness Apps
The rewards in move-to-earn games vary between the platforms. Most of them reward users with utility tokens after assessing their data. The selling point remains rewarding users for completing physical activity tasks. Here are the top five move-to-earn apps.
Though it is not the oldest move-to-earn platform, STEPN is by far the most used and most popular. STEPN is a mobile-first move-to-earn game where users can earn by walking, running, or jogging outdoors with their NFT sneakers. The Solana-based project hit the market in December 2021 and became a remarkable success in 2022.
STEPN managed to garner significant attention and adoption since its launch, thereby putting it on top of the category. 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 unlimited supply and a burning mechanic that controls its supply. Check out this STEPN Guide for a deep dive on the project.
$GST has a six billion supply and hyper deflationary mechanics. Players can earn passively by staking their $GST tokens for yield rewards.
How to Earn with STEPN NFT Sneakers
To earn with STEPN, players must first buy their NFT sneaker which can either be a walker, runner, trainer or jogger. Meanwhile, the attributes and rarity of these sneakers directly impact the earning abilities of players. Yet, each of the 9,999 STEPN NFT sneakers is ideal for a starter. It has a moderate floor price of 4.1 SOL ($160) on secondary marketplaces.
Built on the BNB Chain, Calo is another move-to-earn health and lifestyle app. In addition to its GameFi mechanics, it also has SocialFi features.
With Calo, players can equip themselves with NFT assets and earn a chance at improving their lifestyle via daily activities. It features alluring game modes; the Single and Challenge mode where players can record their data and earn incentives.
The game has a vibrant in-game economy powered by a dual token system. The tokens include $FIT, the main utility, and the in-game token. It has limitless supply but features a hyper-deflationary system that controls the supply. Also, there are $CALO tokens which serve as the game’s governance token for DAO decisions. Other important features of Calo include:
- On-chain Wallet
- Governance (Voting)
How to Earn with Calo
To get started with Calo, players must sign up and purchase new NFT sneakers. The higher the rarity of the shoe, the higher the earning. Players can participate in various activities in Single or Challenge mode to earn tokens or NFT rewards.
This upcoming Avalanche-based move-to-earn game is a notable name after STEPN. Like STEPN, Step App has attracted a lot of enthusiasts with its attractive incentives for participating in fitness activities.
Even though it is a new name in the space, Step App has more than 9.2 million registered users ahead of its highly anticipated launch scheduled for the third quarter of 2022. Their roadmap can be found in this Step App FITFI review. Step App boasts a huge social community on Twitter, Discord and Telegram.
Like STEPN and Calo, Step App also has a dual token system. It features $FITFI tokens, the governance tokens that are useful for staking, liquidity incentives, and buybacks. $KCAL is the utility and reward token that players earn for participating in fitness activities.
How to Earn with Step App
Step App has similar gameplay to STEPN. To get started, players must purchase upgradeable NFT sneakers. In return, they earn KCAL token rewards for running or getting fit. Players can also participate in local or global gamified events to increase their earnings and improve their experience.
Players can earn from micro transactions, staked play, and tournament gaming. They can also earn by trading their NFT sneakers for money in the marketplace.
Genopets is the first move-to-earn game that has excelled in promoting and incentivizing the fitness of mind and body. With 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.
How to Earn with Genopets
An important feature of Genopets is its free-to-play system that allows players to start earning without any initial investment. However, they can unlock an additional revenue stream with NFTs and in-game tokens.
Like its other counterparts, the game features a dual token economy. Players can make governance decisions with $GENE tokens and get rewards in $KI tokens.
Dotmoovs is an Ethereum-based P2P move-to-earn platform. Apart from gamifying sporting experiences, Dotmoovs features DeFi, Artificial Intelligence, and NFTs to reward users for challenging other players in fitness activities.
Dotoovs is an innovative platform that uses AI and computer algorithms to detect the position of various limbs. Apart from this, there is an AI Anti-Cheating system that assesses the credibility of users’ data.
How to Earn with Dotmoovs
With Dotmoovs, users can earn by sharing and showcasing their sports activities and competing with other users via a challenge. All they need to do is record their activities with Dotmoovs’s AI video referee to assess performance and allocate $MOOV token rewards.
Understanding How Move-to-Earn Games Work
Move-to-earn games work by gamifying health activities and blending blockchain-based rewards with health and lifestyle. These platforms collect the health and physical activity data of users through digital devices. It uses the GPS feature of these devices to track and sync user-generated data with these apps.
Digital devices, including mobile phones, fitness trackers and wearables are used in move-to-earn games. Data is submitted for assessment and players earn incentives from allocated tokens. Therefore, the higher the user activities, the greater the reward.
Apart from user activities, initial investment or entry barrier also determines how much a player earns with these games.
VC Investors take notice
Move-to-earn games have provided an alternative and worthy motive for promoting healthy living. It continues to gain more traction with more venture capital firms investing in these concepts and their projects.
Meanwhile, it provides a great way to monetize our normal daily activities with little to no investment. In a world where the well-being of several millions of people is at stake, the rise in the adoption of move-to-earn games is understandable since it is as much fun as it is rewarding.
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