So many app have this features and people can receive cash bonuses, which is any different then all the others?
Hello,
First of all it is important to mention that Movement App will be the first app with such features using blockchain technology and smart-contract.
We did in depth market research and included it to our Whitepaper. I am going to quote this section of the Whitepaper below for you to easily study it:
In this this section of the whitepaper we are going to review the main market participants and the potential competitors of the Movement App.
It is very important to mention that the Movement App will be the only platform it this segment to use a blockchain technology and smart-contract.
Sweatcoin Platform was released in 2016 and now holding the top 5 positions in AppStore & Google Play in Health & Sports section in US Store. The App has a 4+ rating and supports Apple Watch. This platform was one of the first to get rewards by counting steps, but the platform does not offer any chance to transfer generated coins into fiat money. The only way to use in-app coin is to spend it on the in-app shop, where the range of goods is short. This platform is only available in USA, Great Britain and Ireland.
Sweatcoin Advantage:
- Already working product with over 1mil. downloads
- 4+ rating in AppStore & Google Play
- Smart Watch support
- Well supported by development team (last update 28 September 2017)
- Ability to spend your coins on charity Sweatcoin Disadvantage:
- No real economic system which has real-life value. The only way to spend coins - is an in-app shop, where range of goods is very short.
- Servers and technologies of Sweatcoin Platform are centralized and have a full control over database and coins.
- Available only in (USA, Great Britain and Ireland)
- GPS and accelerator are the only technologies used platform that calculate and control the number of generated coins, that means that coins could only be earned during a real outdoors walk with no chance to use treadmill etc.
- No ability to convert generated coins into fiat money or other coins with real-life value.
- Only English language supported.
Runister – a platform that provides a service that rewards runners with real money using PayPal account. The platform was launched in 2016 and has 4 rating in AppStore. It does not support any type of smart watch. To use Runister, user should always be ready to participate in short surveys and to agree with data processing.
Runister Advantage:
- Fiat money payments.
- Convenient software with handy interface.
- Supports a wide variety of languages (English, Spanish, Slovak)
- Well supported by development team (Last update 18 September 2017)
Runister Disadvantage:
- The only way to withdraw funds – is PayPal account which makes it uncomfortable for a big number of users due to a specific withdrawal PayPal rules for some countries.
- Servers and technologies of Runister Platform are centralized and have a full control over database and coins.
- Does not support Smart Watch.
- Need to participate in surveys to use the app for free.
- Need to give the agreement for data usage and processing about users’ health status etc.
- If user denies participating in surveys and does not agree with personal data usage the app is only available for $4.99/month.
- Too much negative responses from users which state withdrawal problems.
- GPS and accelerator are the only technologies used platform that calculate and control the number of generated coins, that means that coins could only be earned during a real outdoors walk with no chance to use treadmill etc.
It is also very important to mention that we are developing a unique economic system at the moment that will be used for calculating rewards as well. This economic model is well described in current Thread by the scheme and the description of it.
Regards.