Move-To-Earn is one of the most popular niches for cryptocurrency since these tokens focus on providing rewards to their users for improving their lifestyles. While there are some overlaps between Move-To-Earn and Metaverse crypto coins, Move-To-Earn coins primarily focus on rewarding users for their actions in the real world.
What Is Move-To-Earn?
The term “move-to-earn” (M2E) refers to a system that rewards users for being active. Users can earn prizes for being active on these platforms and access new income streams by engaging in their regular exercise routines or particular fitness-related challenges. It follows the (Play -To-Earn) P2E trend, in which players are compensated in cryptocurrencies for participating in these games.
These systems typically attempt to reward fitness, reduce obesity and sedentarism, and provide users with the chance to make money by enhancing their health.
When users do fitness-related exercises, such as walking, jogging, or swimming, these programs reward them virtually universally in the form of native utility tokens exclusive to each platform.
This article looks at our pick of the top four Move-To-Earn Tokens to Watch in July 2022, ordered by the current market capitalization, lowest to highest.
Green Satoshi Token (GST)
- Market Cap – $23,268,587
- Price – $0.1093
The game token for STEPN, a Web 3.0 lifestyle software with entertaining social features and a gamification design, is the Green Satoshi Token (GST). STEPN is the first move-to-earn NFT game in which players may earn GST tokens by moving around outside while sporting NFT Sneakers and walking, jogging, or running. Players can sell or rent their NFT sneakers on the app Marketplace, and GST tokens can also be used to level up and mint new sneakers.
The project’s objectives include introducing people to the idea of Web 3.0 and inspiring them to live healthy, active lifestyles.
The Green Satoshi Token (GST) serves as the game’s currency, and the Green Metaverse Token (GMT) serves as the platform’s governance token. The STEPN platform was initially powered by Solana (SOL).
By adding social and community features to their product, the STEPN team hopes to achieve a breakthrough and give lovers of an active lifestyle the chance to profit from their love of running with bitcoin.
$GST has a 24-hour trading volume of $13,802,457 with a circulating supply of 210,116,199 GST coins. The Green Satoshi Token $GST is currently on Bitget, Bybit, MEXC, CoinTiger, and FTX.
Genopets (GENE)
- Market Cap – $33,947,407
- Price – $8.77
Genopets is the first Free-to-Play, Move-to-Earn NFT game on Solana that makes leading an active lifestyle enjoyable and lucrative.
As users explore the Genoverse via evolving and engaging in battle with their Genopets, it integrates the user’s step data from their mobile device with blockchain play-to-earn economics to allow players to earn cryptocurrency for real-world action.
With Genopets, players are rewarded with cryptocurrency for maintaining an active lifestyle. Genopets combines the nurture and evolution of Tamagotchi, the training and combat of Pokemon, and the fitness and social incentives of Strava. This phrase is called “Move-to-Earn” by Genopets.
A governance and staking token called GENE Token is utilized to create in-game NFTs and symbolizes the worth of the Genopets game.
$GENE has a 24-hour trading volume of $1,580,116 with a circulating supply of 3,871,085 GENE coins and a max supply of 100,000,000 GENE coins. Genopets $GENE is currently trading on Bitget, Bybit, MEXC, FTX, and DigiFinex.
XYO (XYO)
- Market Cap – $87,522,731
- Price – $0.006817
XYO is a technology protocol designed to improve the validity, certainty, and value of data. According to information from the website, They are building a data marketplace that gives users a gold standard for any apps, websites, and blockchain technologies that rely on trusted data.
They’re building the world’s first Reality Oracle — the bridge between secure blockchain data and our physical world.
XYO relies on mindful development decisions to grow its node count and developer resources. XYO prioritizes data security, accuracy, and trust.
$XYO cryptocurrency and operates on the Ethereum platform. $XYO has a current supply of 13,960,974,963 with 12,844,821,265.9205 in circulation. The last known price of $XYO is 0.00681441 and is up 6.58% over the last 24 hours, with a 24-hour trading volume of $2,365,766. It’s currently trading on top exchanges like MEXC, BingX, KuCoin, ZB.COM, and Phemex.
STEPN (GMT)
- Market Cap – $498,044,456
- Price – $0.8294
On the Solana blockchain, STEPN is a self-described “Web3 lifestyle app” with GameFi components. It creates a new category called “move-to-earn” by fusing elements of a play-to-earn game and fitness software. Users purchase NFT sneakers to walk, run, or jog while earning in-game currency.
The app addresses several issues, such as “proof of movement” (demonstrating that users actually exercised) and a working GPS system.
Additionally, STEPN monetarily pays users, intends to include social reward components, and successfully contributes to carbon neutrality. Both Android and iOS users can download the app.
Users can start earning in the game’s Solo Mode by purchasing a pair of NFT sneakers after installing the app and creating a wallet. They can gain Green Satoshi Tokens (GST) by moving around and moving around quickly. The amount of GST different types of sneakers can return varies, and the better the efficiency attribute, the more GST the user can make every minute.
The gamification of fitness is now introduced, which is STEPN’s second groundbreaking component. STEPN gamifies exercise and encourages users to lead healthy lifestyles using the app’s in-game awards, daily energy allocations, and personalized footwear.
$GMT has a 24-hour trading volume of $197,147,163 with a circulating supply of 600,000,000 GMT coins and a max. supply of 6,000,000,000 GMT coins. Top cryptocurrency exchanges for trading $GMT currently include Binance, Bitget, OKX, Bybit, and BTCEX.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any Move-To-Earn tokens.
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Source: https://nulltx.com/top-4-move-to-earn-tokens-to-watch-in-july-2022/