How do I invest in Move to Earn? Stepn, NFT, and Metaverse

Move to Earn concepts are steadily increasing in popularity in the crypto sector. At least that’s what a look at current app stores shows: The two most popular apps, Stepn and Sweatcoin, have more than 60 million combined downloads. Are you wondering how to invest?

“My run today was amazing. I don’t have enough Solana tokens to buy my sneakers, but I’m still happy.”

Do you like running, exercising and spending time outdoors? Are you also interested in cryptocurrency? Then you have just passed on our article. Please don’t do it like this Twitter user above. Because if you take it a bit, you’ll have enough Solana to buy sneakers.

wait a moment? sport shoes? Why not buy sneakers? Are these from Gucci?

Strictly speaking, they are not ordinary sneakers. We are talking about an app no ​​less than STEPN, the leader in the Move to Earn area. The company has been active and selling in the crypto market for about 6 months Sneaker like NFT. These items are generated within the fitness app along with other factors like tokens, endurance, speed, and more. Literally Capital. Industry-renowned competitors are also working on the Move to Earn concept, but show distinct differences in gameplay and business model.

The three biggest players in the market are Stepn, Sweatcoin, and OliveX with the dose token. The common denominator between them is that they want to revolutionize the crypo or Move to Earn fitness market. Stepn combines elements from the Metaverse region, NFT, and Gamefi. Seems to work, as the app had 2.3 million active users in the last month:

Source: Medium / Step Official

On the other hand, Sweatcoin has more than 64 million users. OliveX, as the third competitor, wants to build a fitness Metaverse right away and has already created two games for this, Dunstland -Rider and -Runner.

With the new combination, the Stepn app with its GMT token is now ranked 48th among all cryptocurrencies by market capitalization. In just two months, the token rose from 0.15 to $3.30 – an upward trend. To make money from running, you need NFT from running shoes. These are available in four different versions, from “Infantry” to “Runner”. Initially, users could buy it for little money, but now the price is more than 12 Solana. It was converted to about $1,100 USD – and the trend is on the rise, too.

Source: Stepn iOS App

As a first step, users have to purchase NFT sneakers, then activate the mobile’s GPS and finally go for a run. Depending on the duration and speed of the operating unit, GSM codes can be obtained. All rewards will Initially paid as GSMThis is why it is available in unlimited numbers. Since users have to copy GSM for different functions, the number of tokens in circulation should remain within the limits.

As can be seen from the image above, efficiency and “flexibility” (i.e. repair) factors are critical factors in your earnings. If the efficiency factor is high, but the soles of your shoes are literally worn out, you gain little or no GSM. You do the repair with GSM, which is why your daily earnings are a little lower. This is exactly where investors see an opportunity to make money from the game. Depending on the NFT shoe and fitness, the sneaker is paid off in one month. Ahoy passive income.

Everything is topped off by the leasing feature, which should come in fall 2022. For example, if you own a shoe, you can loan it to 30% of the profit. 70% remained with the hostility. GMT tokens should be storable in the future, but they already have some advantages: Burning a user’s GMT tokens can permanently increase earnings in GSM.

If you believe in the project for the long term or just want to speculate, you can get more information in the white paper.

Sweatcoin – Cryptocurrency Coming in Summer 2022

As the (almost) most popular crypto platform, the Sweatcoin app can actually catch a glimpse of 64 million users. And the reviews on the app and Google Play Stores leave no doubt about the legitimacy: Sweatcoin has a rating of 4.5 stars out of 5 there. The concept is children’s play. The only thing you need to do is start walking. The application looks like this:

Once you unlock access to your location, the app recognizes and pulls the steps you’ve taken for the day. How to make money Sweatcoin will launch its cryptocurrency SWEAT in the summer of 2022 and every user should do it To add the corresponding number of tokens. If you sign up via email, the tokens will be automatically added to your account. It cannot be said whether the number of tokens will be limited in the future at this time.

The market is particularly interesting. Athletes who work hard can buy products there in exchange for Sweatcoins or use coins to get discounts. From wallets to sustainable drinking bottles, there is actually a small selection of products out there. Donations in Sweatcoin are also possible!

OliveX wants to build a massive fitness metaverse of the future and uses the token for this. Dustland Runner and Rider are the names of two games that should appeal to runners and cyclists alike. For kilometer runs, users are rewarded with dose tokens or NFTs. Players can upgrade their character to get can tokens, thus unlocking other missions. From the second quarter of 2022, it should also be possible to participate in the acquired dose.

Source: Google Play Store

Our mission is to engage a billion people., announced OliveX CEO and founder, Keith Romgan. Dustland Runner has already been well received by investors, pumping in $5.7 million in cash in 2021.

However, the token has been a little under the wheels for the past few weeks. It decreased from 0.35 to 0.09 dollars. Perhaps now is the time for investors who are very risk-averse.

If you decide not to invest in any of the three projects, we hope you at least enjoy the apps. If so, then hopefully within a few months you can tweet: Today was an amazing run. I finally have enough Solana tokens to buy my own shoes. Thanks @BeInCrypto.

Not giving an opinion

All information on our website has been researched to the best of our knowledge and belief. Press contributions are for general information purposes only. Any action taken by the reader based on the information on our website is entirely at his or her own risk.

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