Imagine how it feels to earn money from making videos of yourself dancing or moderately moving your body. What about competing with global athletes from the comfort of your home? It is the power of Move-to-Earn platforms. These platforms began to take rounds during the Corona Virus pandemic because of the global movement restrictions. Companies like StepN and DotMoovs provided solutions to help people stay fit and gain profits. This article talks about one of them, DotMoovs. Read through to understand its principles and earn rewards.
What Is DotMoovs?
DotMoovs is a Move to Earn application built on Ethereum. It incentivizes users to engage in physical activities that require moving their limbs and other body parts. DotMoovs aims to develop an active sports system where anyone can challenge their friends or other skilled players around the world to a game of their favorite sport.
Beginning with an arbitration system that uses a two-step algorithm to check where the body and its parts are, and then a scoring algorithm to figure out how good a player is. The peer-to-peer hurdles will let anyone make money from the time they spend training by using cryptocurrencies and non-fungible tokens in an open market.
Whether a user wins a game or loses, such a user gets paid in DotMoovs’ coin (MOOV) or NFTs. Read on to have an in-depth understanding of this technology.
DotMoovs works on a multilevel system of technology. It combines the functionalities of Artificial Intelligence, Blockchain, and Decentralized Finance. The application functions as a P2P system, allowing users to interact with one another over the web.
When DotMoovs began, it did not integrate blockchain technology into its system. Instead, it bewith Artificial Intelligence, an arbitration code, and computer vision programs that aid the intelligent detection of body movements and positions. The application’s algorithm records the performance data of every player. These data records allow it to study every player’s skill set and compare their performance levels with others.
After further developments, the app’s developers introduced blockchain technology into the project and created inter-user contests and challenges. They made a native token for the application and developed some Non-fungible tokens.
How DotMoovs Works
DotMoovs works uniquely from other related projects in the blockchain space, such that it is more than just a walk/run and earn program. While it requires participants to practice healthy activities to earn tokens, it also allows them to compete with one another for significant rewards. DotMoovs rewards its participants with its native token (MOOV) or non-fungible tokens.
DotMoovs need nothing more than an action and a recording. Now, the DotMoovs smartphone app has an artificial intelligence technology integrated right in that can read and recognize your motions. As soon as the recorder is placed on the AI, the AO begins playing the recording. If there is a competition, it ranks the participants against one another, and it evaluates the player’s abilities on the fly.
While users can earn as much as possible on DotMoovs, they must buy shoe NFTs from DotMoovs (at Mooveclub) to be eligible for rewards. Purchasing the NFTs will make them qualified to engage and win DotMoovs-powered events and competitions.
As we all know, one thing about blockchain-powered projects is that they charge gas fees for transactions and other related activities. However, DotMoovs comes with perks on this angle. It does not take charges for any operation on its system. It provides an equal thriving ground for everyone, so it only analyses videos and rewards, for eligible qualified candidates. It is important to note that as a user keeps achieving higher levels, such a user earns unique tokens for growing on the platform.
Unlike a move-to-earn platform like StepN with more than one native token, DotMoov has only one primary token (MOOV) with 1 billion pieces produced. The platform allows users to stake their MOOVs for non-fungible tokens.
How to Play DotMoovs
- Buy or rent! You can play once you have one of our NFTs. Each sport has a limited number of available items, so if you can’t buy one, you will be able to rent from another user and share the profits
- Go to the DotMoovs marketplace. Each package contains one NFT. Just choose your level of rarity and be surprised with your random collectible.
- Put your NFT on to earn amazing rewards
- PLAY! Compete or rent your NFT. Mimic your favorite dance, do your best football tricks or rent your NFT to another player. Above all, maximize your profits!.
- Check your earnings & share your battles. Did you win your battles? Or did you rent your NFT to a winning player? Either way, share your accomplishments on your favorite social media channels.
- Use your $MOOV. Charge your equipment, buy other NFTs or convert your $moov to other coins.
How To Earn On DotMoovs
The basic way to earn on the platform is through competition and event participation. What you have to do is to record yourself performing a locomotive activity. Once you have recorded, the artificially intelligent application will examine the recording alongside those of other competitors and select the winners. Winners will be rewarded with either MOOV or non-fungible tokens.
DotMoovs gives users the liberty of sharing their shoe NFTs with others so they can make as many videos as possible and earn money together. Aside from recording locomotive movements, every participant on the platform can stake their MOOV fungibles for liquidity purposes. As you continue to perform athletic activities, you can stake your tokens to get more in-app rewards and NFTs of public figures and big celebrities across many industries.
Use cases of DotMoovs
- MOOV Tokens can be tied up to make the market more liquid. Athletes can bet these Tokens to get MOOV bonuses that depend upon how they do on the field.
- You can also bet MOOV Tokens to get rare NFT collectibles with famous people and your favorite superstars.
- Communities can also make use of MOOV Tokens. The token lets all brands, clubs, and people who put on live events organize digital events that are still global.
What Is DotMoovs?
DotMoovs is a real-time game-playing application that rewards people for engaging in sports activities. Users can compete virtually and be judged by the application’s artificial intelligence. The app gives rewards irrespective of users’ positions during competitions.
What Do I Need To Start Using DotMoovs?
All you need to start using DotMoovs are:
- A mobile device (Android or iOS)
- An Internet connection.
- The DotMoovs application.
- At least a pair of DotMoovs NFTs shoes.
Should I Invest In DotMoovs?
Investment is generally risky. Market speculations alone might not be enough for an appropriate decision as market trends change without notice. Hence you need to “Do Your Own Research” to be more knowledgeable about DotMoovs.
What Is The Total Number Of DotMoovs in Circulation?
While DotMoovs released 1 billion pieces of the MOOV token, studies have revealed about 860 million pieces in circulation.
Where Can Dotmoovs Be Traded?
When Was MOOV’s All-Time Low?
MOOV’s all-time low happened in late June 2021 at $0.003233.
What Was MOOV’s All-Time High?
MOOV’s all-time high was pegged at $0.0983 in late August 2021.
When Did DotMoovs Begin?
DotMoovs began in June 2021. The aim was to facilitate active health and sports activities remotely.
What Is The DotMoovs Coin?
MOOV is the native token of the platform, and it is developed on Ethereum. Aside from MOOV, all other tokens on this platform are non-fungible.
How Do I Purchase DotMoovs?
While you can easily purchase DotMoovs from its native marketplace, you can get it from other platforms by following these steps:
- Install Coinbase wallet and select a username.
- Log in to your existing account or create a new one and back up your seed.
- Fund your wallet with Ether and use it to purchase DotMoovs.
DotMoovs is one of the use cases of the Metaverse and a global solution for health and financial fitness. The project uses the power of artificial intelligence and blockchain coupled with metaverse principles to operate efficiently. While it resides within Ethereum’s ecosystem, it has its token and non-fungible tokens as rewards to users for partaking in competitions and events. It allows users to share and rent their collectibles while they earn commissions.