MOVE Cryptocurrency Complete Guide - Can You Make Money by Exercising?
What exactly is MOVE?
MOVE is a blockchain-based digital currency that has recently been receiving a lot of attention in the virtual currency market. The biggest difference from other coins is that it values 'movement' and 'health' as its core values.
In simple terms, it is a system where every time you jog, climb stairs, or exercise at the gym, your activities are recorded as data, and you can receive MOVE tokens as a reward. Just like gaining experience in a game, you earn coins through actual exercise.
When and how did Movement start?
The Movement project was first conceived during the COVID-19 pandemic in 2021. At the time, as people around the world spent more time at home, lack of exercise and health problems emerged as serious social issues.
In this situation, the development team started with the question, ""Isn't there a way for people to make exercise more fun and rewarding?"" While existing fitness apps simply record their activities, Movement was an innovative idea that added economic incentives.
Since its beta version was released in 2022, it has grown rapidly with a hot response from early users. In particular, the attractive concept of 'exercising and earning money' has become a word of mouth among the MZ generation, and the number of users has increased exponentially.
How Movement Works - How does exercise make money?
This is what many people are most curious about. Movement's operating principle is simpler and more sophisticated than you might think.
Step 1: Activity Detection and Recording
First, the user's movements are detected in real time through a smartphone or wearable device (Apple Watch, Galaxy Watch, etc.). Various data such as number of steps, distance traveled, exercise time, and heart rate are collected.
Step 2: Blockchain verification
The collected data is transmitted to the blockchain network and encrypted to prevent forgery or manipulation. During this process, AI algorithms also play a role in filtering out fake exercise data.
Step 3: Smart contract execution
The smart contract is automatically executed based on the verified exercise data, and MOVE tokens are paid to the user. This entire process is automated, so there is no need for separate approval or waiting time.
Where and how can I use Movement?
The utility of Movement tokens is more diverse and practical than you might think. Here are the main uses confirmed so far:
Fitness and health-related services
You can pay for your membership with MOVE tokens at major gym chains nationwide. It is also gradually being introduced to yoga studios, Pilates centers, swimming pools, etc. In some areas, you can also pay for a health trainer's PT fee with tokens.
Purchase of health food and sports equipment
There is an increasing number of online malls where you can purchase protein powder, vitamins, health supplements, sportswear, sneakers, and various exercise equipment with MOVE tokens.
Linkage with medical services
Some hospitals have started services that discount a portion of health checkup fees or physical therapy fees with MOVE tokens. This is in line with the medical community's movement to encourage exercise as a preventive medicine.
Expansion of general affiliates
Recently, general affiliates such as cafes, restaurants, and convenience stores have also begun to introduce MOVE token payments. It is especially popular in salad shops and smoothie bars that sell healthy menus.
Movement Community - It's more fun together!
One of the biggest charms of Movement is its active community culture. Rather than simply exercising alone, you can communicate and be motivated with people who have the same goal.
Official Community Platform
The official Movement app has a social function where users can share their exercise records and exchange messages of support. Exercise challenges are held every week, and top rankers are given additional rewards.
Social Media Group
Movement-related groups are actively operated on Instagram, Facebook, KakaoTalk open chats, etc. We share a variety of information in real time, from sharing exercise tips to token price information and news about new stores.
Offline Meetings
In major cities such as Seoul, Busan, and Daegu, there are also active offline meetings where Movement users meet regularly to exercise together. They come in various forms such as running crews, hiking groups, and cycling clubs.
Movement's Pros and Cons - Honest Stories
Any investment or new technology has its pros and cons. Movement is no exception. Let's take an objective look.
Pros
The biggest advantage is its health-promoting effects. Because there are economic incentives, exercise habits are naturally formed, and many users actually report that they have experienced weight loss and physical strength improvement. Also, exercise can be fun like a game, so there are fewer cases where it ends after three days.
Economically, it is attractive that you can actually earn money through exercise. Especially for those who exercise regularly, you can earn an additional income of tens of thousands to hundreds of thousands of won per month.
Limitations
However, there are clear disadvantages. Above all, it can be difficult for those who do not exercise at all or are unable to exercise to participate. Also, those with physical limitations can be relatively disadvantaged.
Market volatility is also a factor to consider. Like other cryptocurrencies, the value of MOVE tokens can fluctuate greatly depending on market conditions. There is also a risk that the value of tokens you have worked hard to collect through exercise will suddenly drop.
Things you must know before investing in Movement
If you are interested in Movement, there are important things you must consider before investing.
Understanding Market Volatility
The cryptocurrency market is inherently very volatile. MOVE tokens are no exception, and there are often cases where the price moves more than 20-30% in a day. Therefore, it is important to approach it from a long-term perspective rather than focusing only on short-term profits.
Monitor technical progress
Regularly check the roadmap and technical development progress of the Movement project. News such as new partnerships, technical updates, and new feature additions can directly affect the token value.
Check community activity
A healthy community is an important indicator of the sustainability of a project. You can get a rough idea of the current status of the project by looking at the increase in the number of users, daily active users, and social media engagement.
Establish personal investment principles
The most important thing is to establish your own clear investment principles. Decide in advance how much you will invest, when you will realize profits, and what your loss limit will be.
What does the future hold for Movement? - Experts' Outlook
Experts generally agree that the future outlook for Movement is quite bright. Here are some reasons:
Growth of the Healthcare Market
The healthcare market is growing rapidly worldwide every year. In particular, as interest in preventive medicine and digital healthcare increases, the market potential of services like Movement is expected to expand even further.
Synergy with Government Policies
The government has recently been promoting various policies to improve national health. If Movement is linked with expansion of health insurance benefits, support for exercise facilities, etc., it seems that even greater synergy can be achieved.
Convergence with Technological Advancement
The accuracy and diversity of exercise data are greatly improving due to the advancement of AI, IoT, and wearable technology. This is expected to be a great help in increasing the reliability and efficiency of the movement ecosystem.
Possibility of global expansion
Currently, it is mainly focused on the domestic market, but it is also actively pursuing overseas expansion. In particular, expansion in the Asian market is expected, and if successful, the value of the token is likely to increase significantly.
• Target of 1 million users by 2025
• Plan to expand into 3 overseas countries
• Partnership with large healthcare companies
• Developing linked services with health insurance
We have looked into the movement in detail so far. It seems like a really attractive project in that it can pursue both exercise and economic benefits.
However, the most important thing is a healthy investment mindset. Don't think of movement as just a way to make money, but as a bonus you get in the process of creating a healthy lifestyle.
Why not take this opportunity to learn more about movement and take advantage of the opportunity to take care of your health and make an investment return at the same time? If you have any questions, feel free to ask in the comments!