STEPN Vs. Genopets Vs. Dotmoovs Roadmap, User Earnings & Investors | Who’s Winning Move To Earn & Could Step App Overtake Them?

5 min read

STEPN is the leader in the move-to-earn healthy lifestyle space, but are Genopets or Step App far behind?

One trend gaining significant momentum in the crypto space recently is move-to-earn — a relatively new niche that includes a variety of products and services that pay users for being active. Is it too good to be true? Well, there is a catch. In the vast majority of cases, users will need to fork out a significant amount of money to begin earning. Nonetheless, under the right circumstances, move-to-earn applications could provide an intriguing opportunity to generate income. More significantly, it might motivate users to increase their physical activity.

STEPN is the clear leader in the healthy lifestyle space. Accordingly, the price of STEPN’s Green Metaverse Token (GMT) recently surged to an all time high after it was announced the token would be listed to trade on Coinbase. In addition, STEPN announced that their NFT sneaker collection was added to the OpenSea marketplace.

This article will review five of the key players in the move-to-earn fitness lifestyle sector with Coincu.

What is Move to Earn?

As you might have guessed, move-to-earn platforms provide users with rewards for keeping fit, unlocking an additional income stream for participating in their usual exercise activities by using technology that senses and measures human movement, or taking part in specific fitness-related challenges. Taking STEPN as an example, users need to own a pair of shoes connected to a blockchain wallet. Then the mechanism of STEPN allows users to earn by running or walking outdoors. Move-to-earn is a movement based on the play-to-earn model where users are rewarded, in cryptocurrency, for playing games.

The way these applications generate rewards can vary considerably from platform to platform, but almost all pay users in the form of their native utility tokens for completing fitness-related tasks — such as walking, running or swimming. This data is usually tracked by a cell phone or fitness tracker before being uploaded to the move-to-earn app and assessed to see if it qualifies for rewards. Earned tokens can then either be directly traded for goods and services within the app, or sold/traded on an internal marketplace or external exchange for other cryptocurrencies.

The market leader STEPN, has grown rapidly. It’s gained support from big players like Binance, and more recently Coinbase. Why were they able to attract these major investors, while other move-to-earn projects like Genopets were in the sector before STEPN? The answer is because STEPN completed the product before launch and the interface was simple and easy to use. STEPN also won the prize “The Solana Ignition Hackathon” and received a lot of attention when Binance announced that STEPN would launchpad on Binance. This information brought the popular Move-To-Earn keyword. In addition to STEPN, there are quite a few other move-to-earn projects vying to be a key player in the space.

Here’s a list of the top 5.

move-to-earn

STEPN ($GMT)

StepN is a Web 3 lifestyle app with social-fi and game-fi elements. To begin earning with the Solana-based STEPN app, players need to own one of four types of NFT sneakers: Walker, Jogger, Runner, or Trainer. These have various attributes associated with them, which can affect how much users can earn.

Users can opt to either buy their own NFT from the in-app marketplace or rent them for free from another user — in return for a share of any revenue they generate while moving around. For a deeper analysis on GMT’s price and the token’s outlook for 2022, check out this STEPN guide.

Contract: 0x3019BF2a2eF8040C242C9a4c5c4BD4C81678b2A1

Blockchain: Solana

Market cap: $2,189,115,364

Token sale: CEX or DEX

stepn

Backer/Investors

backer stepn

Roadmap

roadmap stepn

Currently STEPN is starting in the Q2 2022. The project has followed the roadmap closely so far.

Genopets ($GENE)

Genopets is the first Move-to-Earn mobile RPG that rewards users for exercising their body, mind and spirit. Users can transform their physical movement and cognitive exertion into in-game progression to upgrade and evolve their Genopet NFT.

The Genovese is driven by a dual token system, $GENE and $KI, with multi-currency Solana asset support. Genopets is governed and supported by their native and fungible $GENE tokens, used for both utility and governance. Players earn $KI token daily through movement and battles as an in-game reward.

Contract: GENEtH5amGSi8kHAtQoezp1XEXwZJ8vcuePYnXdKrMYz

Blockchain: Solana

Market cap: $51,706,302

Token sale: CEX or DEX

Screenshot 2022 04 29 084848

Backer/Investors

genopets backer

Roadmap

Screenshot 2022 04 29 085159
 roadmap genopets

Currently those interested can register to try the beta. For more information: CLICK HERE

Dotmoovs ($Moov)Move-to-earn

Dotmoovs is a new metaverse where users can have fun without ever leaving their home and get an unbiased score for their performance, powered by Artificial Intelligence. Dotmoovs is also a member of the Blockchain Game Alliance. Users can compete with others around the world to earn MOOV token rewards by showing off their skills and challenging one another in various sports.

Contract: 0x24ec2ca132abf8f6f8a6e24a1b97943e31f256a7

Blockchain: Ethereum

Market cap: $30,135,335

Token sale: CEX or DEX

dotmoovs token

Backer/Investors

backer dotmoovs token

Roadmap

roadmap dotmoovs token

Step App ($FITFI)

Step App is a protocol for FitFi, the next frontier in crypto adoption. The first project built on this protocol is a gamified step app. Users and their metaverse avatar advance together through filling daily fitness quests and PvP challenges. The Step App token economy includes staking, locks, liquidity incentives, buybacks and burns. These are driven by demand drawn by both gameplay perks and value drawn from the game economy. To join the application, users need to own SNEAK NFT. The products of Step App are:

  • Fitness metaverse: Combines NFT and digital avatars with workouts
  • NFT market: buy and sell SNEAK
  • Limited Drops: SNEAK limited edition

The platform’s utility and reward token is known as KCAL. These can be used to purchase SNEAK NFTs and are earned by participating in the app by staking a SNEAK. It allows players to compete locally or globally in a variety of different ways and uses gamification to help make exercise a more engaging and rewarding experience. Step App has been one of the M2E tokens exhibiting he most momentum recently.

Contract: 0x24ec2ca132abf8f6f8a6e24a1b97943e31f256a7

Blockchain: Avax Chain

Volume 24h: $113,505,409

Token sale: CEX or DEX

Step App

Backer/Investors

Step App

Roadmap

Step App

OliveX ($DOSE)

OliveX (DOSE) is a gamified fitness ecosystem working to enhance real-world workout experience through the use of game design techniques and play-to-earn mechanics. OliveX allows players to both improve their physical shape and earn real-life revenue through gaming activity.

OliveX is set out to define a new era of fitness and provide an entertaining way to stay motivated through daily physical exercise. 27.97% of the company is owned by Animoca Brands — a leader in blockchain gaming.

DOSE, the ecosystem’s native currency, is earned by completing workout-based gameplay inside of OliveX’s applications. DOSE is used to unlock in-game items and game modes, purchase NFTs and take part in the ecosystem’s special events. DOSE can currently be earned in Dustland Runner — an audio adventure running game, Dustland Rider — a cycling fitness game and 22 Pushups — a pushup challenge platform.

Contract: 0xb31ef9e52d94d4120eb44fe1ddfde5b4654a6515

Blockchain: Ethereum

Market Cap: $6,514,499

Token sale: CEX or DEX

OliveX ($DOSE)

Backer/Investors

backer DOSE

Many big name like Animoca Brands, Sandbox, Solana, and OKX are behind the project.

Roadmap

roadmap dose
roadmap dose

User Earnings

Overall, most users can expect to earn a few dollars each day by casually engaging with a move-to-earn application. Some users (e.g. those that are particularly active or have powerful NFT upgrades) can potentially earn far more. For example, STEPN users with rare level 30+ NFT shoes can earn potentially hundreds of dollars worth of GST each day. However, most users are likely to earn less than $20 per day. In addition to these 5 tokens, there are still other potential move-to-earn tokens that present an opportunity to invest in and make a profit. Continue to observe with coincu.

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