A New Trend: Walk To Earn!

Everything about a world driven by technology seems to be good

Web 3.0 has a niche called “Walk to Earn,” which is make up of several products and services that pay people for being active. It is a trend growing right now in the world of cryptocurrencies.

Sounds too good to be true, right? But there is a catch. Most of the time, people have to spend a lot of money before they can start making money. Still, walk-to-earn apps could be a great way to make money and get people to move around more when the conditions are right.

Here, we look at how walk-to-earn works now and some of its essential apps.

Web 3.0: Walk to make money

In September 2021, the Web3 lifestyle app STEPN came up with the phrase “walk to earn,” which has since been used by many other apps that reward users for doing things.

Move to Earn platforms encourage users to stay active by giving them an extra way to make money when doing regular workouts or participating in fitness challenges. It is base on the trend of “play-to-earn,” in which people get cryptocurrency for playing games.

These systems usually encourage fitness, which can help people lose weight and improve their health while making money. They make people want to be healthier and interest them in Web 3.0 technology.

Even though the ways these apps earn rewards are very different between platforms, almost all give users native utility tokens for doing fitness-related things like walking, jogging, or swimming. Earned tokens can be use immediately to buy goods and services within the app, or they can be sold or traded for other crypto currencies on an internal marketplace or an exchange outside the app.

Apps Get STEPN by walking.

STEPN is the most well-known Web 3 move-to-earn project. For the Solana-based STEPN app to start making players money, they need to own one of four types of NFT shoes: Walker, Jogger, Runner, or Trainer. How much money they make depends on a lot of different things.

Users who work out earn Green Satoshi Tokens (GST), which they can sell on a compatible DEX/CEX or use in the STEPN app to mint, fix, and level up their sneakers.

Green Metaverse Token (GMT) is a second token that is linked to STEPN and is used to run the platform. You can buy the cryptocurrency on third-party exchanges or earn it by wearing sneaker NFTs at level 30 or higher.

Step App (FITFI) Step App

A fitness app based on Avalanche that pays people to be active could be the first direct competitor to STEPN.

The new walk-to-earn platform, Step App, has learned a lot from STEPN and works in many of the same ways. For example, users must stake SNEAKS, upgradeable non-fungible tokens, before they can start making money.

KCAL is the platform’s utility token and reward token. With these, you can buy SNEAK NFTs. You stake a SNEAK in the app to get them. It gives users different ways to compete locally or globally and uses game mechanics to make exercise more fun and rewarding.

The second ecosystem token for the Step app is the FITFI token. It’s primarily use to manage the platform by figuring out burn rates, revenue splits, development milestones, and other parameters. The platform uses half of the money it takes to repurchase FITFI tokens from the market.

The Step App has more than just the “walk to earn” feature at the beginning. It also has:

Microtransactions: The in-app shop lets users buy character skins, sneak skins, and map styles with credit cards or cryptocurrency.

Staked play: People can use their tickets to compete against friends or other gamers.

Virtual

One of the first companies in the “walk to earn” business was Virtual. It is an app that lets people get paid to do things like jog, swim, dance, and work out. Virtual calls it “sweat mining.”

Before taking part in challenges and sending in their activity data to win WIRTUAL coins, users must first download the Virtual app and create an account. Some problems can be solved for free, while others have to be pay for.

• Users put into one of seven tiers based on how many WIRTUAL coins they have in their Virtual wallet. As a user’s tier goes up, they can earn more WIRTUAL.
• Users who have less than 100 WIRTUAL can earn up to 0.1 WIRTUAL per day.
• Users with at least 10,000 WIRTUAL accounts can make up to 3 WIRTUAL per day.
• People can buy NFTs that increase the amount of WIRTUAL they earn every day on the platform’s market. At its current price of $0.65, the token costs about 6.5 cents per day for default users and $1.95 per day for Emerald users, not counting any benefits of owning NFTs.

Sweat coin

It’s a mobile app that lets people get rewarded for staying fit by doing things like walking, swimming, and cycling.

Sweat coin is different from other walk-to-earn apps because it doesn’t pay users in bitcoin. Instead, it gives them its reward points, which are called “sweat coins.” Also, there is no initial commitment, so users can start making money as soon as they download the app and create an account.

Users can pay for a premium membership, which gives them access to a premium marketplace and lets them make twice as many sweat coins per hour. It costs $4.99 each month.

Sweat coins can also be give to other users, sold on third-party platforms (mostly peer-to-peer), or given to charities/NGOs through the Sweat coins for Good program.

Geonets (GENE)

Geonets was the first game in the walk-to-earn niche and one of the earliest projects in the walk-to-earn place in general. It was mean to make workouts more fun.

People take better care of their minds and bodies when the website is more like a game. They take care of, fight with, and change their Geonets. You can buy, sell, and trade these Geonets. Even better, pets can make you more money.

Geonets’ economy is base on two tokens, just like many other “walk to earn” apps.

The first token, $GENE, is for running the game. It is use to control how the game is build and how it works.

The other token, called $KI, is the game currency that can be used to refine crystals and buy homes for Geonets so that their numbers can grow.

Geonets is different from other walk-to-earn sites because users can start making money right away without having to put money down first. Geonets is free to play, and users can create and trade Geonet NFTs. Its pay-to-play model gives people new ways to make money, like making money in-game with $KI and selling in-game NFTs like crystals and habitats.

Are games where you walk to earn money worth it?

People who want to play “walk to earn” games wish for one thing: to make money by walking. Many users will make money, but their chances of doing so are usually base on the following:

Spending the first money.

Most apps that let you “walk to earn” require an initial investment of NFTs or utility tokens. People often get better walk-to-earn rewards when they get rare NFTs or a lot of tickets. They can cut down on the time it takes for an investment to pay off.

How busy you are

Since yields are often directly related to how much a user moves around, those who move around a lot are more likely to make money.

Saturation

Most walk-to-earn games give users either a fixed pool of rewards or a share of their utility token’s inflation. Users get these prizes based on how well they did compare to everyone else or up to a specific limit per person. Most of the time, as more people join, each participant gets less of a reward.

What Do Prices

Walk-to-earn apps can either lose money or make a lot of money, depending on how the price of the reward token changes. Users should remember that tickets with a lot of bearish price action are less likely to be profitable in the long run than tickets with a lot of bullish price action.

As more people join these networks and the reward pool gets split among more people, it will likely get harder to make money on many of them.

Imagine that these apps continue to become more and more popular. In that case, the entry barrier might go up, making it more expensive to get a lot of tokens or powerful NFTs to get the best rate of return.

What’s up next for the walk to earn?

Fitness and cryptocurrency apps are both exciting because they are base on well-known ideas that keep people interested long after the initial excitement has worn off. There are M2E apps that let you make money while doing something you enjoy, like working out or exercising. If you want to make the app, you can look into the best Walk to Earn App Development companies.

Most of the best Move to Earn crypto apps require you first to spend a lot of money. After investing, it’s easy to get around, make money, and stay in shape. People are likely to use apps that make crypto money more and more in the future. If the costs to join are low, it makes sense to use M2E apps to make more money overall.

Getting some exercise can help your wallet when you use M2E apps because you can earn cryptocurrency. With the right Fitness app, you can set personal and community goals, track distance and speed, make specific fitness goals, and keep track of calories burned.

Walk-to-earn apps are mainly design to help people get in shape, have fun, and make money. As you move through the stages, you’ll unlock perks and rewards that will help you make more money and reach your goals with the best cryptocurrencies for making money.