Read Part I here.
I just want to state: The M-2-E projects that will eventually succeed are the ones that will prioritize health over profits. If the users stay because the application enables them a healthier lifestyle, the project will survive. Any pursuit of riches will inevitably lead to disaster (just look at SLP from Axie Infinity).
I advise being extra cautious with the tokens of all Move to Earn Apps as giving away tokens to consumers by simply walking will lead to inflation, if not hyperinflation. Of course, you can use only applications that are “risk-free” (aka require no initial investment).
If you choose to purchase their tokens, be aware of the dangers associated. I really (I cannot stress this out enough) recommend, going for a token with as much utility as possible and with a limited supply. For example: in STEPN buy GMT (limited supply, many utilities) and not GST (unlimited supply, limited utilities).
Can You Make Money?
Yes. Yes you can. But ask yourself first – are you using these applications for profits or health benefits. If you are here for profits then be extremely careful – in most cases you will only make money if you join the project at the beginning. If you are joining for health benefits, you will barely make any money, but I can promise you, that you will be healthier!
I earn every day around 5 dollars. More about it in the next article.
How to Join M-2-E Movement?
Ask yourself:
- Are you willing to make an initial investment?
- YES: you can potentially make money
- NO: you can still earn, but not a lot: try out SweatCoin, MOVN, Aircoins
- If your answer was YES: do you wish to purchase an NFT or tokens?
- NFT: try out STEPN, Celo
- Tokens: try out Step
If you wish to pre-sign up for projects (so that you can be one of the first users and potentially make the most profits): try out Genopets, Step app.
Let me state some M-2-E facts:
- M-2-E is a great way to get paid for doing something you’re already doing or should be doing more regularly– working out.
- M-2-E offers another way to earn cryptocurrency and is a great way to get a little extra motivation for working out, as you can earn more by moving more.
- Do not expect profits.
- Be wary of projects that require a large initial investment.
- M-2-E is a fun and social way to work out, as many projects have leaderboards and other ways to compare your progress with others.
- Many projects are not going to succeed. Expect the worse. Reclaim your initial investment as soon as possible.