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The Benefits and Potential of Move-to-Earn Apps Like MoveZ

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© Reuters. The Benefits and Potential of Move-to-Earn Apps Like MoveZ

  • Move-to-earn apps have become popular.
  • MoveZ has entered the market to rival STEPN and Sweatcoin.
  • The app’s initial DEX offering (IDO) is set for this May.

Being fit can be rewarding, but motivation can be a challenge. This is where move-to-earn apps come in. These platforms incentivize users to be active by rewarding them with cryptocurrency. These apps have become popular, with examples like STEPN and Sweatcoin enjoying success.

A new player has entered the market. MoveZ is a move-to-earn platform that aims to resolve the challenges faced by its predecessors. Users earn rewards by engaging in physical activity, including jogging, running, swimming, cycling, surfing, and more, representing a massive step up from other platforms.

How Does MoveZ Work?

MoveZ promotes fitness by rewarding users with crypto for their efforts. Several unique value-added features, including the “burn-to-earn” concept, help set MoveZ apart from its competitors. For example, “boost zones” offer users the opportunity to participate in social fitness events and earn boosted rewards.

There are also organizational accounts, which allow workplaces, groups, and communities to organize their sub-accounts and share access to NFTs. In the coming months, expect a strong lineup of non-crypto partners to integrate the app.

MoveZ also has competitive and relaxed options to cater to different types of users. Local and global leaderboards help users go head to head to maximize their fitness and rewards.

MoveZ is powered by BlueZilla, which has a track record of success in the cryptocurrency world. BlueZilla has launched one-third of the best-performing IDOs of all time.

What Does the Future Hold for MoveZ?

With a market cap of just $55,000, versus STEPN’s $2 billion, MoveZ has a lot of room for potential growth. And that growth will be shown when MoveZ’s IDO takes place in May across several exchanges, including BSCPad, MetaVPad, GameZone, and PolyPad.

80,000 users have already been whitelisted for the project, indicating a massive ready and waiting user base. Similarly, the app’s Twitter (NYSE:TWTR) and Telegram channels have ballooned to over 100,000 combined users in just a few days.

This, combined with MoveZ’s competitive features and BlueZilla’s track record, suggests that the platform has a lot of potential!

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Cryptocurrency

Candidate supported by Bankman-Fried-linked PAC loses Oregon primary

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Candidate supported by Bankman-Fried-linked PAC loses Oregon primary

Andrea Salinas has won the Democratic primary election for the newly created Oregon 6th District seat in the United States House of Representatives. Practically since it started, the election race was the object of intensive media attention, which most often centered around Salinas’ opponent Carrick Flynn, whose campaign was generously funded by the Protect Our Future political action committee (PAC) backed by billionaire FTX CEO Sam Bankman-Fried. The PAC paid for a flood of advertising supporting Flynn.

Salinas won the seat with 38% of the vote, while Flynn came in second at 19%, with the remaining votes split among seven other candidates.

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Cryptocurrency

Socios fan tokens rally 40%+ after Chiliz rolls out mainnet upgrade and token burn plan

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Socios fan tokens rally 40%+ after Chiliz rolls out mainnet upgrade and token burn plan

In times of high stress and market turmoil, sports entertainment has served as a valuable escape for people around the world as they get a chance to root for their favorite players and teams while briefly forgetting about the worries of the world.

Amid the ongoing market volatility and falling crypto prices, sports fans have cause to rejoice as multiple fan tokens have bucked the downtrend on May 18 to post 40% plus gains.

Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro

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Cryptocurrency

Was Terra’s UST cataclysm the canary in the algorithmic stablecoin coal mine?

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Was Terra’s UST cataclysm the canary in the algorithmic stablecoin coal mine?

The past week has not been an easy one. After the collapse of the third-largest stablecoin (UST) and what used to be the second-largest blockchain after Ethereum (Terra), the depeg contagion seems to be spreading wider.

While UST has completely depegged from the U.S. dollar, trading at sub $0.1 at the time of writing, other stablecoins also experienced a short period where they also lost their dollar peg due to the market-wide panic.

USDT/USD last week from May. 8–14th. Source: CoinMarketCap
FRAX, MIM, FEI and LUSD price from May. 9 – 15th. Source: CoinMarketCap

Asset-backed stablecoins were in favor during downturn, except for USDT

USDT, USDC and DAI hourly price. Source: CoinGecko API
Curve DAI/USDC/USDT 3Pool proportion. Source: @elenahoo Dune Analytics
Curve DAI/USDC/USDT/sUSD 4Pool proportion. Source: @elenahoo Dune Analytics

Are algorithmic stablecoins finished?

Curve FRAX/3CRV 3Pool proportion. Source: @elenahoo Dune Analytics
Curve MIM/3CRV 3Pool proportion. Source: @elenahoo Dune Analytics

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