Topic: Mining crypto by walking - page 4. (Read 978 times)
I remember about lyfe tokens, the similarities with Mangocoinz were not much different, but for some reason there was no big progress at that time even though the project was already very revolutionary with their smart watches and not just limited to the android application. I think this type of project hasn't gained much interest because investors are still more inclined to be fast money oriented, they are still forgetting projects with real use case concepts that are more slower growth.
A couple of years ago, there was a crypto project named "MangoCoinz" which allowed anyone to earn crypto by simply walking. The app used the smartphone's pedometer to keep track of the steps taken by an specific person. This encouraged anyone to exercise their body while getting paid in return. While this was great back then, the project is no longer being developed. Something like this would've been great to have in the mainstream world today, but I guess there was lack of demand for it back then.
It will be a fun project but to have a valuation for the token they create for you to workout is just outrageous to imagine and the future of the project was known, you cannot imagine that every project can have valuation but for you to have a real valuation you need to have some utility that can create business on its own and you cannot have valuation from thin air and all of these projects fail because they expect valuation out of thin air and that is not how economy function. 
It seems nice but not everyone will surely love this kind of concept. It's a win-win situation for those who wants to exercise and get fit because at the same time, they can earn. But not everyone will give time walking just to earn small amount I guess?? And how can they earn profit if they'll be giving money by just walking. Aside from advertisement??
If for a clear income something like this is very good to develop especially if the application really only pays on foot then it's very good but whether for business applications like this can cover the revenue for the developer team of the application of course for marketing matters like very ineffective because developers only incur no cost of entry to the developer.
I think the most important is not how to obtain it, but although they give you free coins/tokens but how they maintain their coin in market. And something like that only make new coin that don't make good benefit in market for traders, or maybe for their investors.
Ideas like that are actually fun and easy for everyone to understand, but they can't be made serious about collecting coins and making a major income. Because this is only for entertainment and unique ideas to fill spare time when you are not carrying out strenuous activities. Maybe at this time it needs innovation like that of MangoCoinz so that the altcoin ecosystem is even more interesting. Thank you for discussing MangoCoinz, it reminded me of that time when I knew that coins were unique and entertaining. 
there is an existing app that gives reward thru altcoin, the project is STEPCHAIN, just download the app, for android user also download google fit, for ios download apple health, just simple open the app and do some small jog or by walking the app will count your steps, 30 steps is converted to 1 STEP COIN, their IEO round 2 was concluded in probit, feel free to check the project that promotes to have good health and use blockchain technology to encourage to people.
I don't find this type of emission mechanism to be interesting.
The fact that it can be extremely inflationary due to the fact that it's a matter of time before someone comes up with an exploit that takes advantage of the system basically defeats the entire purpose of having a fair distribution mechanism in the first place. There is really no way of ensuring that this system doesn't get abused without having to KYC identify everyone, which is a big no-no for all altcoin projects.
So yeah, I'd say that it's not in the least innovative, unfortunately.
The fact that it can be extremely inflationary due to the fact that it's a matter of time before someone comes up with an exploit that takes advantage of the system basically defeats the entire purpose of having a fair distribution mechanism in the first place. There is really no way of ensuring that this system doesn't get abused without having to KYC identify everyone, which is a big no-no for all altcoin projects.
So yeah, I'd say that it's not in the least innovative, unfortunately.
a few weeks ago I tried this kind of application called socioz, is a little different because it's like a pokemon go game and to play it, I think it's also a little time consuming because we also have to walk a few tens of meters or more to find the location of the token, then scan the token with our smartphone, we will get tokens, and tokens like this in my opinion will be more in the future and in my personal opinion is feasible if used as a positive activity for example to exercise, but if chasing rewards here I think a little torture
That was mining by sharing not by just walking through. And I think this type of technology won't work much, that coin is dead long ago and no one project dare to come with the same idea. I saw this type of feature on many eCommerce websites where you can get an offer by shaking the phone.
A couple of years ago, there was a crypto project named "MangoCoinz" which allowed anyone to earn crypto by simply walking. The app used the smartphone's pedometer to keep track of the steps taken by an specific person. This encouraged anyone to exercise their body while getting paid in return. While this was great back then, the project is no longer being developed. Something like this would've been great to have in the mainstream world today, but I guess there was lack of demand for it back then.
I'd hope that someday a new dev team takes charge of the "MangoCoinz" project or simply create a fork of their own, to allow people to "mine" crypto by walking. It's completely revolutionary way of doing exercise while getting paid in return. Maybe launching an ERC-20 token with its own app will do the trick? Whichever way it is, I look forward towards the revival of an app that would work just like "MangoCoinz" did in its early days.
Do you think something like this will be viable in the future?
I'd hope that someday a new dev team takes charge of the "MangoCoinz" project or simply create a fork of their own, to allow people to "mine" crypto by walking. It's completely revolutionary way of doing exercise while getting paid in return. Maybe launching an ERC-20 token with its own app will do the trick? Whichever way it is, I look forward towards the revival of an app that would work just like "MangoCoinz" did in its early days.
Do you think something like this will be viable in the future?
I think it is, the only problem is when people find an exploit for this. Remember the game pokemon go. We search for pokemon and battle it while we are walking or moving from one place to another. Then comes an exploit where you can virtually move yourself by running some apps. I think this will be one of the challenge if such project appears in the future.
I dont think that there are real demand for project like this. And whats the utility of this tokens? only selling?
I think crypto projects have introduced different features to attract investors and bounty hunters. I have got one crypto project like the one you have mentioned here. You can check the project here. https://bitcointalksearch.org/topic/ieobountystepchain-a-responsible-fitness-app-140000000-step-token-5205190. I think you will love it after going through the project. This project is also good one.
its name was mangocoin but they dont have released thier own coin yet ? thats odd . they should revise the name somehow until they released thier own coin . and what is the idea or the story behind the name mango ? are thier products related to mango ? by the way , i have heard simillar apps to this that also rewards users if they walk around it also works via pedometer but they pay via paypal . now that crypto is popular many simillar ideas pop up and pay with crypto
Mining crypto by walking is just like giving away free coins, honestly this won't work in this world we are in now, we need something different and better than what we've encounter in crypto space before, developers need to start thinking about something else not stupid ideas that won't help
In general, the idea is interesting. But I do not believe in such projects in which we profit from nothing. Yes, it’s quite suitable as points, but what will determine the value of coins mined? Speculation?
In order to make a profit, you need to create something, in this case there will be no difficulties in pricing the token.
In order to make a profit, you need to create something, in this case there will be no difficulties in pricing the token.
I saw several more projects that came up with the idea of cryptocurrency mining through the making of physical exercises. I don’t remember the names of projects, but these projects also could not succeed. most likely now it’s just not necessary because there are very few users on the market. for sure when the cryptocurrency becomes common and will be used by a large number of people on the planet, then such a project can be implemented
I played this before I became an active user of this forum, I am still learning how to get free crypto money and I found it on YouTube, as we know this project has been dead a long time even though it has an interesting concept, even though it was developed again it would be better and need to add an active location for the user, at least the user doesn't cheat by just shaking the application so that it's easier to get their coins, to be honest this wallet app teaches us to want to move sports and provide health benefits for us too, but people use it improperly , I also hope that this project will come again in the future
yes, I remember that application, I'm also a MangoCoinz application user. I used to enjoy the benefits when mangocoinz entered the market, because the price was quite good. But unfortunately this application is no longer being developed by developers, maybe because users don't really like this miner application. but I think, rather than a developer making another altcoin miner application, it is better to make altcoin by making miner applications through smartphones like mangocoinz but with new innovations that will be many users and utilized by the crypto community.
Good idea, but the way they manage and build it goes to the end or not, fitness is a good thing for people but to make money from their foundation it is a way too simple and few People pay attention that it has a future.
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