Move-to-earn (M2E) cryptocurrencies are gaining popularity in the marketplace as a means of generating income through physical activity. Users can accumulate digital assets by performing tasks, exercising, or even playing games. This burgeoning sector seeks to motivate individuals to become more physically active by offering monetary incentives.
While the notion of move-to-earn isn’t entirely novel – companies like Lympo have been rewarding customers in LYM tokens for maintaining a healthy lifestyle since 2016 – it wasn’t until recently that the industry began to flourish. As we progress into 2023, these decentralized applications (dApps) continue to mature and refine their economic models and brand identity.
In essence, move-to-earn revolves around receiving remunerations for physical exertion and mobility tracking. Participants utilize GPS, non-fungible tokens (NFTs), blockchain technology, and GameFi software to verify their actions and collect rewards.
Akila Step stands apart from other Move to Earn (M2E) apps due to its unique approach. The app requires users to purchase shoes as NFTs to begin accruing Akila Watering tokens for walking. Depending on the specifications of each shoe purchased, users can receive tokens for every step taken while walking. After reaching a designated threshold, participants will receive an orange tree as a reward in the Metaverse world.
To keep the tree alive, users must continue walking and contributing Akila Watering tokens towards irrigation. Eventually, after several days, the tree may bear fruit comprising various quantities of oranges. Owners then convert their harvest into freshly pressed orange juice ready for sale on the global market at a determined rate. Through this process, users remain connected to real-world prices and the American Commodity Exchange. By leveraging the power of NFTs and the Metaverse, users can not only earn rewards for their physical activity but also become the proud owners of assets in the form of orange juice in Metaverse, offering users a truly immersive and rewarding experience. This unique approach to gamification and sustainability has the potential to revolutionize the way we think about exercise and the environment.
In addition to the unique features mentioned earlier, Akila Step offers users the opportunity to engage in savvy financial planning by tracking the real-world market price of orange juice and the American stock exchange. Users can strategically hold onto their orange juice assets until the price reaches a desired level, allowing them to sell their assets for a profit in USDT or BNB. This feature enables users to not only earn money through physical activity but also to hone their financial acumen and potentially earn higher profits by carefully timing their sales.
With Akila Step, users can seamlessly integrate physical activity with financial savvy, creating a truly immersive and rewarding experience. Whether they choose to walk, analyze market trends, or simply enjoy the virtual world, users can earn money and enhance their financial literacy all within the same platform.
Akila Step, an ambitious undertaking boasting over sixty percent completion of its endeavors, showcases impressive accomplishments thus far. Remarkably, the crypto component has reached full implementation status. Moreover, Step Counter function along with Global Positioning System (GPS) harmonization stands as another area successfully tested and concluded. Current focus turns toward Account Management and Non-Fungible Token (NFT) procurement/distribution aspects which remain integral to overall fulfillment. Users delight in utilizing integrated wallets embedded within Akila Step app for secure token storage during operations.