Do you see any value in move to earn crypto projects? - page 2.

Xal0lex

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Quote from: coinfunda on September 24, 2023, 04:53:59 AM

There are some move to earn projects like stepn, stepapp etc . Do you see any value in them or it is just a death spiral?

These are not money-making projects, they are ordinary crypto pyramids disguised as utilitarian tokens. In such projects, only the one who first learned about the token before its hype wins, then there is a chance to make a good profit. Later, when the inflow of new users decreases, all these earnings turn into losses. All these projects are not created to bring any benefit, everything is designed solely for the earnings of the creators and their main investors. Everything else is just an excuse to attract your attention and money.

Ziskinberg

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Quote from: coinfunda on September 24, 2023, 04:53:59 AM

There are some move to earn projects like stepn, stepapp etc . Do you see any value in them or it is just a death spiral?

It was just like believing in something that never existed in real life. If you hear about the Ponzi Scheme OP, that is just like the same.
Never get tempted about it as never give you what to think they would, it is just like assuming for nothing, and the only thing you will get is regrets and disappointments.

- it was hard to think about rewards in a project that has no use case. You will spend time and invest them, then they rip your time and money.

danherbias07

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I've heard of this before, it's the type of project that is promoting people to move when the pandemic hits, and then now that people are more used to staying in their house or doing all their day job work at home. When it came out, I was kind of intrigued by how the money would work but I realized that it also has a ring to a scammy attempt. This is just another pyramid scheme where people would need to invest to give something to those who came in first and then it goes on until funds start to deplete and the miserable investors will be those who are at the bottom and cannot even get back their ROI.
It's not far from the play to earn tricky games where I have invested a lot before. The only difference is, that I made sure I was one of the beta investors to make sure that I could get my ROI as early as I could. There's no assurance with this type of project in the long run. If you see profits as early as possible, take it, sell it, and then just leave something that would make it work by itself again. If it can make more then withdraw again. Don't fall in love with this because they are obviously pyramid schemes.

Yogee

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Move to earn projects kinda pop because a lot of people were stuck in their homes for a long time so incentivizing them while they get back to shape was attractive. I think these projects lost momentum or couldn't keep the demand because there have been loopholes in the apps. I remember some saying they just shake their phone and that's counted as a step or movement.

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Quote from: coinfunda on September 24, 2023, 04:53:59 AM

There are some move to earn projects like stepn, stepapp etc . Do you see any value in them or it is just a death spiral?

What monetary value do you see in them to begin with? Apps which remind you to exercise and that keep track of your calories can really help a person to lose some weight and lead a healthier life, but there is not really a way to monetize that with the use of a shitcoin.

Those coins were nothing more but an attempt by scammers to try to create a new trend, similar to what they did with play to earn games, however I doubt they were successful as I only heard about those coins for a few months and then they disappeared.

GreatArkansas

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Quote from: coinfunda on September 24, 2023, 04:53:59 AM

There are some move to earn projects like stepn, stepapp etc . Do you see any value in them or it is just a death spiral?

No use case for me at all, it is not solving any problem. Just incase any of these tokens will pump for sure it is only because of manipulation.
And another thing is I really don't think they need a cryptocurrency for it, because no use case at all. These projects could be only next scams just like others.

serjent05

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Quote from: coinfunda on September 24, 2023, 04:53:59 AM

There are some move to earn projects like stepn, stepapp etc . Do you see any value in them or it is just a death spiral?

Without any stable source of funding, it is just a death spiral. We all know that profit and reward is the motivating factor for a person to notice projects, and by giving rewards without any means of supplementing the market trade, these rewards will become worthless and the interest of people will be diverted to others that meet the people's expectations.

Unless these projects are able to secure funding that will support the demand for their coins, this project is doomed to collapse.

JeffBrad12

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definitely depends honestly, economic model of such project are most of the time unsustaining, it will just outright fails and lose value as the time goes, after all whose money to give rewards to those that use the apps?
its definitely just generating supply, basically adding supply making the value inflates.
even though the hype might make the value increase instead but that most of the time is just temporary.
therefore I don't think these projects have any value at all, I assume it will be like those blockchain based games that are now kinda dead.

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Quote from: coinfunda on September 24, 2023, 04:53:59 AM

There are some move to earn projects like stepn, stepapp etc . Do you see any value in them or it is just a death spiral?

Not familiar with those but the general rule of thumb is, to improve and enhance our DYOR before engaging in something.

If you are an experienced lurker at those types of projects, somehow you will able to speculate if they can create a sort of hype. Generally, as we always witnessed in the altcoin world, remember that without hype, these types of projects won't last long even with how good the project concept is, in most cases.

It's not wrong to take part in those projects as long as you know what you are dealing with.

goaldigger

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Quote from: coinfunda on September 24, 2023, 04:53:59 AM

There are some move to earn projects like stepn, stepapp etc . Do you see any value in them or it is just a death spiral?

Its too risky for me and making money is only possible when you buy those projects on their early stage especially during the hype. If you’re not sure on those project or you are still analyzing it better to consider everything and choose the best investment for you instead of dealing with those shitcoins. Again, its too risky because some of those project are just came here to make money and not to do business.

Kemarit

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Quote from: coinfunda on September 24, 2023, 04:53:59 AM

There are some move to earn projects like stepn, stepapp etc . Do you see any value in them or it is just a death spiral?

If this is not a prime mover on that sector, then I would say that it could be a death spiral.
I mean we all know that a project will be the successful if it is the first one, the unique project that started it all.
But it seems that this whole move to earn projects might be slowly saturated, of course at first glance, it might be good.
However, if you look at the competition, it's already there, so I guess it's better if you would invest on solid projects already and not to a platform that is just pure hype, IMHO.

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Quote from: coinfunda on September 24, 2023, 04:53:59 AM

There are some move to earn projects like stepn, stepapp etc . Do you see any value in them or it is just a death spiral?

The value that I see on them is you're taking care of your health and you're obliged to move and walk. Just think of it as something forcing you to have exercise and the benefits of it to your health is more than what's the value of those tokens. That's the best consolation or worth that you can think of with these apps and projects. But if you think that they're not worth it, then just walk or run alone without being tied up with these apps but honestly, they're a good motivation for someone that's looking forward to become healthier. So if you've got goals to live with these apps and tokens, that's your decision but you can live without them as well but keeping up with what they're promoting and that is to move.

LogitechMouse

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Quote from: coinfunda on September 24, 2023, 04:53:59 AM

There are some move to earn projects like stepn, stepapp etc . Do you see any value in them or it is just a death spiral?

How do these move to earn project gain revenue? Answer that first, then I will say if there's any value from these kind of crypto projects.

Move to Earn is like Play to Earn where in order for a person earns, somebody must need to invest. Let's face the fact that in P2E games, developers are paying their users thru the money of different users. Same concept with M2E. In order for a user to earn tokens or whatever shitcoin it is, they need investments from other people. Unless they are earning from other things like having a merchandise, or whatever it is.

Move to Earn doesn't have any value at all. I remember SweatCoin where it has been there for years already, and yet it hasn't gained any popularity or at least changed the hype around crypto. Overall, move to earn projects doesn't have any value, but I'm also thinking that there might be some out there who still believe in these M2E projects and because of that, they will be forced to exercise, and that would be healthy for them, so I guess these projects are like "blessing in disguise" for them because they will be healthier since they're already exercising.

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Quote from: coinfunda on September 24, 2023, 04:53:59 AM

There are some move to earn projects like stepn, stepapp etc . Do you see any value in them or it is just a death spiral?

Not sure but before there are lots of move to earn pojects that become trend but later on died too. There is a project on Binance I remember that got hype due to the sneakers and walking to earn crypto but now has been quiet eversince. Well different gimmick could literally become a mainstream once community had seen it but the consistency is quite hard actually.

AnonBitCoiner

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Quote from: coinfunda on September 24, 2023, 04:53:59 AM

There are some move to earn projects like stepn, stepapp etc . Do you see any value in them or it is just a death spiral?

These coins are just trends based coins and now trend already over so I will called these projects a dead projects. Goto tradingview and check the chart of GMT and GST, you will fund your answer there. Stepn is father of the move to earn projects and when stepn has been dead then all other projects are also in same class.

I bought sneaker at the time of projects full swing. That time GST price was more than 5$ . projects system was too good and everything was running well and suddenly some nad news come and then panic started and now gst price is only 0.2$. we should always invest in long term projects which doesn't work only with trend like ETH and other projects having high demand in every season.

libert19

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I tried to bother with few of them for sake of money but not a single one was/is available where I live. I'd still try them if they are actually worldwide and as long as reward is instaneous and easy to convert to spendable currency.

coin-investor

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No, they are not worth investing in anymore I refer a lot of people and even invested in this move to earn
https://coinmarketcap.com/currencies/superstep/.

But after two months they are delisted on many exchanges and they are now untracked and there are many more, it used to be a trend just last year and you can get free tokens by just installing the application but now so many of these tokens are now unheard of because the platform is not existing anymore.

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Quote from: coinfunda on September 24, 2023, 04:53:59 AM

There are some move to earn projects like stepn, stepapp etc . Do you see any value in them or it is just a death spiral?

That is new for me, I thought that was Play to Earn..lol
Anyway, it doesn't look so good to me. In fact, P2E gained some interest in its early days but unfortunately, the tide is over and most of these projects turn into a scam and make people become hopeless with the money spent on them. I'm not sure but this move to earn is somewhat another scam trick, I can't be fooled by such a trick as I was old enough for this.

If we aim to earn a profit, none of these projects will provide to us.

Yatsan

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Quote from: coinfunda on September 24, 2023, 04:53:59 AM

There are some move to earn projects like stepn, stepapp etc . Do you see any value in them or it is just a death spiral?

Not familiar but if it won’t require you to invest then it would be worth trying. And if investing is needed always gauge the risk by just investing in the minimum if you’re just into testing it first. If you’re too hyped of it then you may invest bigger amount. Some are saying that projects of such concept are really profitable but to some it is not. Which gave me the idea that the ones who have engaged early are always the ones who are earning huge profit from Play/move to earn games/ applications. Better to try it for yourself or join communities specified for that application to gain first hand experiences for its users/investors.

Saisher

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Quote from: coinfunda on September 24, 2023, 04:53:59 AM

There are some move to earn projects like stepn, stepapp etc . Do you see any value in them or it is just a death spiral?

It's a death spiral or shitcoin in the making this is one of the reasons why I stop investing in trend coins, they are good for a limited time they are like meme coins, there are so many of them and only a handful will likely make a profit I invested in two move to earn projects and I'm 90% down I just forget to dump it I was hoping and still hoping that it will pump hopefully in the next bull run.

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