Move-to-Earn (M2E) tokens - page 3. | Bitcointalksearch.org

Cryptock

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Quote from: Xal0lex on April 22, 2022, 04:25:14 PM

Have you heard about a new business model in the crypto industry called Move-to-Earn (M2E)? It's about tokenization of various forms of physical activity. According to the idea, this model should provoke more people to an active lifestyle, which will be encouraged by the tokens of the corresponding blockchain application.

At the moment, the most famous project is STEPN and their token STEPN (GMT), which has already raised almost $2 million in capitalization.

What do you think, what is the future of this business model and will there be a hype for such tokens?

I like the idea very much, because the life of many people turns into wandering at home all day long. After the recent pandemic and lockdowns, it surely is great idea. However, I don't think it will win a lot of young supporters, because the earnings will definitely be negligible. I think that this trend may have only speculative hype.

uneng

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I've seen this before, but not in a token concept. It was an app which paid you pre-existing cryptocurrencies for walking. The more you walked, the more you were paid, although there was a daily limit and the app kept tracking you everywhere in real time, being heavily criticized for that as it goes against privacy and can be quite dangerous depending on who is tracking your steps...

Regards this specific project, I think the same critics will prevail, because that is the same situation of that app. Moreover, why do developers have to create a new token to pay for these activities? Couldn't they simply create a website and adopt bitcoin or any other altcoin for this purpose?

lionheart78

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Quote from: Ulven on April 23, 2022, 03:39:07 PM

Soon we will see people running to collect tokens, I think the project idea is good, but what is the point here? Grin

Is just noise as happened with shiba inu. I heard about many projects with the same formula, but they did not give any results!!! If the waves help us ride on it, we can do it but there is definitely a risk so I will stay away from it!!

I checked their TG, lots of newcomers are flocking and asking for codes. It looks like there will be lots of supply coming in to the market in the next days. I wouldn't get surprised if the price goes down rapidly.

Quote from: Jackl87 on April 23, 2022, 04:21:24 PM

I just took a look at the chart of STEPN and early investors have already made a x30 of their initial investment.

Looking at the chart.. yes I think this token had already pumped and with lots of people coming in not to invest but to reap some freebies would somehow hurt the token's economy.

Jackl87

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Quote from: Xal0lex on April 22, 2022, 04:25:14 PM

Have you heard about a new business model in the crypto industry called Move-to-Earn (M2E)? It's about tokenization of various forms of physical activity. According to the idea, this model should provoke more people to an active lifestyle, which will be encouraged by the tokens of the corresponding blockchain application.
At the moment, the most famous project is STEPN and their token STEPN (GMT), which has already raised almost $2 million in capitalization.
What do you think, what is the future of this business model and will there be a hype for such tokens?

I have seen STEPN for a while now among the trending projects that are listed on coinmarketcap. To be honest i have never really looked into that projects that were listed there because most of the times those projects are just meme-coins and i don't care about shit-tokens. STEPN seems to be different though. I just took a look at the chart of STEPN and early investors have already made a x30 of their initial investment. So congrats to everyone that invested early into that project but personally i would not invest into it anymore now because after such a pump there usually also comes a correction. Also i am not sure if this business model is really sustainable or just a trend that is dead withing a few weeks again.

tabas

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Quote from: Flangler1 on April 23, 2022, 04:32:47 AM

Quote from: tabas on April 22, 2022, 05:29:14 PM

And the same concept for the project that when you poop, you'll get paid too.

Looks interesting, and innovative. The name poopcoin can fit well.

It really fits it but I've never heard anything again from that project. It's made by someone IIRC, from South Korea and it was a university professor.

Quote from: Renampun on April 23, 2022, 10:02:30 AM

Quote from: tabas on April 22, 2022, 05:29:14 PM

I think right now with that coin, it's just a hype. I've heard of these M2E concept before like the name of that coin was sweatcoin IIRC. You'll get paid through jogging.
That's good because you're exercising and at the same time you earn tokens. But I don't have any news about that coin and where are they right now. And the same concept for the project that when you poop, you'll get paid too. I don't know with the latter if that's a serious thing when I've read it or it's just for the memes.

the concept of move to earn (M2E) in is really new for me...

to be honest, I really like YOGA and if every movement I do be it YOGA or other sports is paid for then it will be a good extra income for me. although I'm a little pessimistic about this M2E concept but it looks like this concept will be hype in the future.

Well, it's supporting our activities and allows you to earn some tokens. But I don't think that it will be sustainable in the future although if it has a good economy then who are we to think about its negativity?

Ulven

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Soon we will see people running to collect tokens, I think the project idea is good, but what is the point here? Grin

Is just noise as happened with shiba inu. I heard about many projects with the same formula, but they did not give any results!!! If the waves help us ride on it, we can do it but there is definitely a risk so I will stay away from it!!

Oilacris

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Quote from: Xal0lex on April 22, 2022, 04:25:14 PM

Have you heard about a new business model in the crypto industry called Move-to-Earn (M2E)? It's about tokenization of various forms of physical activity. According to the idea, this model should provoke more people to an active lifestyle, which will be encouraged by the tokens of the corresponding blockchain application.

At the moment, the most famous project is STEPN and their token STEPN (GMT), which has already raised almost $2 million in capitalization.

What do you think, what is the future of this business model and will there be a hype for such tokens?

Dont know on what would be the set-up for this one on how they would be tracking out real-time movement or activity of a certain individual considering that it would be prone to abuse or exploits

if we do talk about movement kind of tracking apps or something and since its been not monitored personally then you dont know if someone do really make out such movement but still do earn those
tokens/coins which i would really love to hear or know about on what would be the proper application for this one.

If they had raised out $2M for this idea then lets see if this one would succeed or not.

Xal0lex

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Quote from: Yogee on April 22, 2022, 05:17:58 PM

It could have a good impact short term considering the fact that many of us were restricted to move freely during the height of the pandemic and gained weight hehe. If there's a platform to earn while getting back to shape then why not? It's Iike the complete opposite of the P2E model where players can just sit and earn. M2E would most likely become popular with the older gens while P2E to the younger gens.

Yes, it could encourage people to be more active, and that is the positive side of this whole business model. The negative side will be, as always, the desire of various scammers to just make money off of all this hype. Everything new attracts scammers who launch dubious projects with dubious tokens and try to speculate on fresh ideas. I've already seen one of such projects on this forum, which just borrows an idea and doesn't offer anything original, but just engages in copying.

The most important thing is to return to form without investing in all sorts of pacifier projects that masquerade as this fresh business model. My guess is that there could be a lot of such pacifier projects in the near future.

Helpme_please

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Quote from: Xal0lex on April 22, 2022, 04:25:14 PM

Have you heard about a new business model in the crypto industry called Move-to-Earn (M2E)? It's about tokenization of various forms of physical activity. According to the idea, this model should provoke more people to an active lifestyle, which will be encouraged by the tokens of the corresponding blockchain application.

At the moment, the most famous project is STEPN and their token STEPN (GMT), which has already raised almost $2 million in capitalization.

What do you think, what is the future of this business model and will there be a hype for such tokens?

this business model and technology will give reward for our activities, no more daily useless activity . every movement get token will be great breakthrough that we never imagine , maybe someday our job move around and walking in open place. my friend buying NFT and he got impressive return only by move few minutes , for early adopter this technology give alot benefit ,but the disadvantages is need huge capital to buy this .

nimogsm

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This is not exactly a novelty, I remember there were already applications that charged coins for walking / running, but all of them were not crowned with success and mass demand.What we are seeing today is a great job of marketers and investors with a lot of money.I don't think this trend will last long, in six months people will forget about this project.

Renampun

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Quote from: tabas on April 22, 2022, 05:29:14 PM

I think right now with that coin, it's just a hype. I've heard of these M2E concept before like the name of that coin was sweatcoin IIRC. You'll get paid through jogging.
That's good because you're exercising and at the same time you earn tokens. But I don't have any news about that coin and where are they right now. And the same concept for the project that when you poop, you'll get paid too. I don't know with the latter if that's a serious thing when I've read it or it's just for the memes.

the concept of move to earn (M2E) in is really new for me...

to be honest, I really like YOGA and if every movement I do be it YOGA or other sports is paid for then it will be a good extra income for me. although I'm a little pessimistic about this M2E concept but it looks like this concept will be hype in the future.

yayayo

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Honestly I am not sure if they could work but if you are going to think of the concept their goal is to help people to be physically active which could benefit us physically. But I am not sure where this could be useful for rather than that physical activity.

ya.ya.yo!

bayudndy

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Quote from: Xal0lex on April 22, 2022, 04:25:14 PM

...What do you think, what is the future of this business model and will there be a hype for such tokens?

I don't have a lot of opinions about ideas and ways of development. Whether they're good or bad depends on each person's assessment. But its popularity in this space cannot be denied in recent times as it has brought a more positive atmosphere to the market. I have also made a bit of profit with it, but in the long term I am not too confident. It still depends a lot on the movement of BTC.

cheezcarls

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Quote from: Xal0lex on April 22, 2022, 04:25:14 PM

Have you heard about a new business model in the crypto industry called Move-to-Earn (M2E)? It's about tokenization of various forms of physical activity. According to the idea, this model should provoke more people to an active lifestyle, which will be encouraged by the tokens of the corresponding blockchain application.

At the moment, the most famous project is STEPN and their token STEPN (GMT), which has already raised almost $2 million in capitalization.

What do you think, what is the future of this business model and will there be a hype for such tokens?

I’m usually a fan of that since I used to walk everyday trying to achieve 10,000 steps daily. Genopets was the first M2E that I have heard before the STEPN. There’s also a game called SafeHamsters where it uses augmented reality (AR) for me to hunt hamsters and fight them lol.

Also there’s what we call TaroVerse. You might wanna Google that one. It’s a top tier project in my opinion. They have recently launched a video clip of their first M2E game known as Tarogotchi (reminds me of Tamagotchi). Not only we can enjoy the game, but it benefits our body to move around rather than just spending most of our time sitting and playing.

MAAManda

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Quote from: Xal0lex on April 22, 2022, 04:25:14 PM

Have you heard about a new business model in the crypto industry called Move-to-Earn (M2E)? It's about tokenization of various forms of physical activity. According to the idea, this model should provoke more people to an active lifestyle, which will be encouraged by the tokens of the corresponding blockchain application.

I am aware of this mechanism and have downloaded the provided application to get coins/tokens, and this Move-to-Earn mechanism is not a new mechanism, even before STEPN (GMT) there were lots of projects developing this idea.

Quote from: Xal0lex on April 22, 2022, 04:25:14 PM

At the moment, the most famous project is STEPN and their token STEPN (GMT), which has already raised almost $2 million in capitalization.

You're right, STEPN (GMT) is the most successful project in the Move-to-Earn category, but apart from them, there are several similar projects that you might be interested in taking a look at: Step App, Wirtual, Sweatcoin and Genopets.

Quote from: Xal0lex on April 22, 2022, 04:25:14 PM

What do you think, what is the future of this business model and will there be a hype for such tokens?

I think this is a good opportunity to take advantage of the hype in the Move-to-Earn category, but in the long term I don't see any continuity, so it's better not to get too involved with projects in the Move-to-Earn category.

GreatArkansas

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My first time seeing a Move-to-Earn (M2E) related project. After the play-to-earn (P2E) or any aspect that you can earn while doing something.
I am hoping this is not just a hype, but I am glad this is another good achievement in the cryptocurrency world as there are lot of innovation especially the physical activity and on hardware related too.

coin-investor

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Quote from: Xal0lex on April 22, 2022, 04:25:14 PM

Have you heard about a new business model in the crypto industry called Move-to-Earn (M2E)? It's about tokenization of various forms of physical activity. According to the idea, this model should provoke more people to an active lifestyle, which will be encouraged by the tokens of the corresponding blockchain application.

At the moment, the most famous project is STEPN and their token STEPN (GMT), which has already raised almost $2 million in capitalization.

What do you think, what is the future of this business model and will there be a hype for such tokens?

This is the first time I read about it looks good with 500k downloads this is not a hype, the whitepaper is good, the explanation is very clear about how it all works the team is capable, this is something who is always in front of the internet need. since I worked online I gain 30 kilos my motivation to work is always eclipsed by my motivation to always be online watching Netflix playing games and trading.
I will explore I very much into PVE but this is something worth exploring.

Ararbermas

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Tbh i never heard M2E before, but that STEPN(GMT) is very familiar to me. And if that is the purpose of move 2 earn, wherein, to have a good shape while earning then it's good idea and surely people will love such project especially those who loves to exercise just to maintain their healthy body.

so98nn

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I am not sure how good it is as compared to the promotions by existing companies such as Nike. They have similar marathon of run to earn points! You can later redeem the accumulated points for their products and warranties etc. I am not sure if this campaign is still running or not but this was launched 4-5 years ago. I still remember, if you had its app installed then it will give you multiple reminders to shoe up and run to earn the points.

If this is similar concept then it may work however it would be interesting to what they really have to offer. Unlike Nike who is well known brand and established company, the new projects in crypto industry will have to push themselves really hard.

Flangler1

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Quote from: tabas on April 22, 2022, 05:29:14 PM

And the same concept for the project that when you poop, you'll get paid too.

Looks interesting, and innovative. The name poopcoin can fit well.

Topic: Move-to-Earn (M2E) tokens - page 3. (Read 485 times)