Top Move To Earn Coins by Market Cap
The Move To Earn market cap today is $522 Million, a -2.5% change in the last 24 hours.
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What is Move to Earn
Apps that use the "Move-to-Earn" (M2E) model allow users to earn rewards in the form of cryptocurrency for participating in fitness and sports activities. This is similar to "Play-to-Earn" (P2E) apps, which reward users for their contribution and skill, but M2E apps require users to be physically active rather than sitting and playing games. M2E apps often incorporate features of decentralized finance (DeFi) to reward users and give them a stake in the game.
Research has shown that financial rewards, like those offered through M2E platforms, can be effective in increasing physical activity. Small financial incentives, even as little as paying a fraction of a cent for each step taken, can be effective in motivating people to exercise. M2E apps typically take existing technologies and combine them to create a new product. This includes using GPS, non-fungible tokens (NFTs), blockchain, cryptocurrency, and gaming technology to track user movement and reward them.
How to Start Earning with Move-to-Earn
Move-to-Earn platforms use inbuilt mobile device sensors such as GPS and step counters to track users' movements and reward them for exercising. Some M2E apps are free to use, while others require users to purchase NFTs before they can start earning with the app.
- Exercising: As the point of Move-to-Earn is to encourage regular physical exercises, this is the easiest way to start earning with M2E. As you move around, you'll be rewarded in in-game assets like cryptocurrencies and NFTs.
- Trading: Since NFTs are a big part of Move-to-Earn, there's a market on secondary marketplaces like OpenSea and LooksRare. Alternatively, you can trade the cryptocurrency earned on centralized and decentralized exchanges.