Topic: Do you see any value in move to earn crypto projects? (Read 302 times)

Like your activity, I similarly do not spend time with the features that this field mentions, because in reality I do not think it applies effectively in life. Some game products are really meaningless to me, just simple designs and operations to produce a game.
But in the previous phase of this trend I also held some tokens on the trend but most of them brought losses, so I personally am probably not suitable for this trend.

They were still holding at huge losses. Some company like YGG was putting so much amount of money into the this kind of project. The demand for app to earn already decreased so hard. Play to earn/ move to eearn have lost its hype.
Nothing chance for these kind of apps to raise its price again without the help from the bullish trend of bitcoin. The bullish trend of bitcoin is the only thing that helped people to recover their loses caused by their tokens would be pumped.

I saw that the reward generated from play to earn games already declined so hard. I have been investing more than 1k to the axie infinity but glad i have managed to get back my ROI.

I have sold my axies in a huge loss. The same thing is happening with move to earn. Those who bought non sense NFT shooes already lost a lot.

I'm not a good researcher, but the basic assessment of projects in the form of M2E in the form of hype during the market price decline, that trend appears as meaningless but also fills the gaps of the market price reduction.

Maybe some individuals and groups are still holding the crypto/tokens of these projects so they still want to continue creating hype waves to make a profit. For me, now is the time to discuss these trends next direction.

There are coins like it is the case of meme coins that have produced several positive trends on the past, and that will most likely keep producing them for the foreseeable future, however the majority of the coins being hyped just have a few months on the spotlight only to be forgotten as soon as the novelty ends.

And move to earn projects fall into that category, they were popular for a few months and then they vanished, as they simply lack the appeal meme coins have and which can generate a deep interest in some members of the community.

I would guess that it would make sense from person to person and that would make sense, I think it's a smart move to not go into things that you do not find yourself to be doing fine with. I understand that it's not going to be something that would make sense but that's not going to end up with anything that would be hard to handle.

I hope that it could become something that would make a profit, but that doesn't mean that we are going to end up with something that would make profit. I hope that it can be something that would profit in the end and that should not be something that would make a good return. I would not be considering that as a big deal and should be handling it very carefully when we are ending up with those results.

You are definitely right on this one and if we do tend to look around then there are lots of type of projects which their function and idea arent really having sense at all or something that you do know that it is really that becoming shit in the end of the line. There might be some people or investor who do might love the idea but they didnt think about being that sustainable or something that could get out that kind of attention on which
it would really be the main determining factor whether a project would last or not. They might love the idea but not something that the entire community would really be able to do so, in result? It would really be dumping its value into the floor and this is something that people should really be looking at because if they wont really minding about those risks then they would really be continuing on investing without even minding about its relevance. I have seen this type of move to earn crypto projects but never ever consider on taking out some investment just because im trying out to go with the hype because in overall idea it wasnt really that
something that relevant or something useful. Yes, you could make money if you do able to get in early and pull out profits early which is a wise move but its true on whats been said that only a handful investors do
get that kind of opportunity and the rest are being wrecked.

Well, they were only famous when the concept was new and people were excited, everyone was into them thinking that they might actually make some money through them but I guess that didn't work out and the concept has been going down since then and now I barely see anyone talking about these apps when previously I would see a lot of people promoting their links and stuff to get referrals for the benefits they could get if they made a purchase through them.

I think these trend coins are not really worth investing in because once the hype gets over, they will start losing value over time and they can barely be revived by their teams and developers since people stop using their services eventually and the concepts start dying off after some time.

yeah, Must wait for BTC to go up and if they don't dump it. I'm a little risky with meme coins because many people are nosy (single investors or groups of investors) and like to set prices because they are very vulnerable to price manipulation and the biggest thing is if the token has low liquidity, it's even worse.

A project that was started with hype can't be expected to stay long in the market but rather expect to vanish in a short while. Just like Play to Earn before, after a few months of hype, they're gone and many players wasted their time and effort. It is a lesson to ponder and can't erase the fact that only those project that has good fundamentals and use case will stay long.
Well, we can play the hype but must be careful and never think about holding. But if we think about safety assurance, better choose to trusted projects rather than choosing this move to earn.

To be sincere with you, I don't know what the heck projects are trying to create this day. I heard of Cassava yoo. It's a move to earn project too. It's my first time to hear of such innovation in this space. Perhaps it's another version of play to earn or something. It's tagged as an exercise app. Just move around to earn points. Just like that? The puzzle there for me is how does such a project pay someone for exercising when it shouldn't be the project's concern whether another exercises or not. How does a project benefit from someone moving around or exercising. I've checked the said project but it's not listed on coin sites. Yet people are struggling to be on the app.

Actually you have the answer.
It will be going to be a death project, like other shit project cycles, where there will be hype and then death.
Actually, not all projects like this will be death projects like others. However, it cannot be denied that the majority will be like that. But why does this still exist and why are there still investors who dare to take or put their money in projects like this? The answer is yes because they can take the opportunity to earn profits from projects like this. And the victims again and again are new people, or like you who don't understand but immediately jump in because of extraordinary trigger promises.

This is what often happens. Moreover, these experienced investors and the team will carry out any promotions that make this kind of project even more hype and make people FOMO, and when the market is up, what will happen? Will the project survive? For the most part, the answer is NO. Therefore, if you are new and haven't been able to take advantage of this moment, it's better to just avoid it, don't speculate, just avoid it so that your money is safer. Just learn first the various ways to get income from projects or cycles like that. .

I heard a project called stepapp many days back. I haven't heard about such a project for a long time. I have never found these projects attractive to invest in. Because these projects have hype for a few days and then cannot be found anymore.

So 99% of all altcoins experience the same problems, just as 99% of altcoin investors face similar difficulties when investing. The main reason is the greed of the investors themselves who don't want to lock in their profits, they are hoping for the coin to grow indefinitely. Trend syndrome, if an investor sees that the coin has grown a lot, he thinks that the growth will continue, and vice versa, when the coin has fallen a lot, he thinks that the fall will continue for more.

stepn is already past and sweatcoin has yet to take off. At the moment I have lost hope in these projects, but I found a gold mine TFS token, now the hype around it continues, although I am surprised that it is already 4 years old and it is still growing steadily

Their is some certain reasons while some people doesn't invest on this kind of projects, because sometimes they doesn't require much attention and whenever bullrun come across and stay for long time and it's when this kind of coin do survive  but a process whereby the coin stays long time on bearish season automatically some of the coin's will die off when the market stays too long in bearish, so the thing is that you have to on your own understand and verify the kind of projects you will venture into before investment the thing that can help quite well is that you will make a proper research concerning a particular you want to invest on, if the project have furtherance and also know the capability of the people who projecting the project.

Apart from the L-1 and L-2 projects that provide real value to the crypto ecosystem, I don't believe in other altcoins, the thing surrounding them is only hype, we know how Axie Infinity used to be the strongest patron in the P2E side, how the fate of the project now?


Above is a chart image of the STEPN project at CMC, you can see that the price of STEPN continues to decline regularly, this all happens because people are just taking advantage of the moment, there's no long-term value at all.

I'm not sure if you are really talking about NFT because what I thought it was P2E.
But anyway, whatever you've compared this move to earn, people don't believe it honestly. Why? Because people had learned already in the past, making no investment and making you earn money, that was absolutely a scam thing. It only wastes our time and makes us a fool because there is no free money this time. They might give you token rewards but the question is if that is tradable already or just another useless coin (probably).

I have the feeling that the whole model of the project closely related to the NFT games in general basically you're giving away token for people to use the app itself therefore it might get ended the same way those majority blockchain games are ending, basically got their token value decreased so hard nobody ever glance eye again towards that project and instead prefer to find newer ones.

These days all crypto projects and previous great moments with shitcoins has not shown any good improvements in the marketplace. Personally, I was holding some of those coins and even a token that spiked it's price once but I was fooled of long term holding promises that soon it will rise from the dead. However, it's stored on my trading account, still I'm hoping that another miracle will happen in the price that will trigger another bullrun unexpectedly.

I think, they are just a death spiral because any projects that doesn't carry or attract more population in the community will never help you to earn something good at the end of the project. There are many potential projects in the market today, if you can do your personal research to know the amount of money you are going to invest and how many years you are going to wait for the income to be huge and mature for you to do other things that will put smile on your face. I think, investors are still making a huge amount of income from all those old projects in the market, because their teams are still good to make their projects more valuable in a way it will increase the number of their investors.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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?