If the crypto market did not take the U-turn into hell, Move-2-Earn (M-2-E) might have been the next “big thing.” The concept of moving (walking, running, riding a bike, exercising) to earn money seems so simple, but the question remains – is it sustainable?
Move-2-Earn Projects
Here is an incomplete list of all the projects I have tried out or just heard about:
- SweatCoin
- STEPN
- Genopets
- Step App
- Dotmoovs
- Calo
- Digital Fitness
- Wirtual
- Movey
- Step
- Aircoins
- MOVN
- MetaGym
- …
The list will be continuously updated!
M-2-E What? Ponzi?
Move to Earn is a combination of a game and fitness where players are rewarded for engaging in physical activities, therefore being healthier.
For example:
- STEPN rewards you with GST/GMT that you can immediately sell for profits (hang on – there is a catch!)
- SweatCoin rewards you with SWEAT coins that can not be sold for money but can be used to get discounts on certain products or you can even get them for free (there is no catch here – just walk and earn).
A vast majority of M-2-E apps require a purchase of either an NFT (example: STEPN) or tokens (example: Step). With the ownership of this asset are you then entitled to the rewards.
According to many users, M-2-E are Ponzi schemes. I cannot deny this – just like anywhere else, even in the M-2-E movement there are Ponzi-like projects. It is on you to figure it out.
The basic argument is that since the price of rewarding tokens is correlated with user growth, earnings are mostly derived from new users purchasing NFTs and upgrades.
Read more: https://www.publish0x.com/revolution-is-crypto/earning-money-by-just-walking-ii-xjrmmzw
