When it comes to the most well-known Move to Earn in Web3, the first thing that comes to mind is the famous sneaker project StepN. At that time, the trend of earning while walking was set off, but due to the imperfect profit mechanism, the token of StepN once plummeted. Now, Binance Labs has announced an investment in a brand new fitness DApp (decentralized application) "Moonwalk Fitness", which is quite different from the previous operating model of StepN, and the reward mechanism can even better motivate players to get moving. What are the differences between Moonwalk and StepN in terms of mechanism? And how to register and play? Let's walk you through Moonwalk step by step!
What is Moonwalk?
Moonwalk Fitness is a fitness incentive application running on the Solana blockchain, which encourages users to increase their daily exercise goals through gamification. According to theofficial whitepaper, research shows that appropriate rewards can effectively enhance the habit of physical activity, so Moonwalk has specially customized this unique fitness game based on this. Moonwalk adopts a game mechanism of reward and punishment. Users need to "stake" a certain amount of principal before participating in a specific competition. As long as they reach the step target of the competition, they can protect their assets and receive additional rewards. On the contrary, if the step target is not reached, a portion of the principal will be confiscated and distributed to other participants who have reached the target. Now let's walk you through how to register and start using Moonwalk!
Want to know what "staking" is? We recommend you read:
The mechanism behind the high annualized return of cryptocurrencies! What is staking?
How to register a Moonwalk account?
Step 1. Connect wallet
Go to theofficial website (it's recommended to use a computer), select a wallet that supports the Solana chain (such as Phantom, Metamask, Solflare), or use a Google account to log in, and Moonwalk will create a wallet for you. It is recommended to use a wallet that supports Solana, which will be more secure than using a Google account (we will explain this in more detail later). And if you change your mind, you can also change the wallet you have connected to Moonwalk at any time.
Want to know what a blockchain wallet is? We recommend you read this:
[Beginner's Guide Series 3] What is a blockchain wallet? What are cold wallets and hot wallets?
Step 2. User settings
After connecting the wallet, a welcome page will pop up, where you can enter a referral code, username, upload a profile picture, and other personal information.
Step 3. Connect mobile device
The last field "Connect a Step Provider" requires you to link your mobile phone to monitor your walking steps.
Taking iOS as an example, you need to download the "Moonboots Sync" app from the App Store, and after the download is complete, enter the connection code provided by the website in the app (and allow the app to access health data), and the connection will be successfully completed!
How to participate in the Moonwalk step competition?
Step 1. Select a competition
After completing the registration, you will see the competitions that can be participated in at the moment, each of which will be marked with thestaking amount, competition time, step target, and the current number of participants in the competition.
Step 2. Join the competition
Select the competition you want to participate in and click the "JOIN" button on the right to join! Make sure your wallet has enough cryptocurrency (the game provides SOL, BONK, USDC as staking currencies) to participate in the competition, as well as some $SOL (Solana chain token) for on-chain transaction fees. Once the transaction is complete, you will be automatically added to the competition.
For friends who have connected with a Google account, Moonwalk will generate a dedicated wallet code, and you need to transfer enough funds to that wallet. Since this wallet is not managed by yourself, there are some security concerns, so it is still recommended to use your own Solana wallet.
Tip: If you are worried about your cryptocurrency losing value due to market fluctuations during the staking period, you can select "Show prices as credits" in the dropdown menu of the profile picture in the top right corner, and participate in the competition using "purchase points". The rewards at the end of the competition will be distributed in cryptocurrency.
1 point equals 1 US dollar, and you need to use USDC to make the payment. The purchase method is also to use the USDC in the connected wallet. Changing the Qty (Quantity) can increase the purchase multiple, allowing you to buy more points at once.
Step 3. Start walking
I don't think I need to say much about this, do I? After joining the competition, you need to start walking! Complete your step target! Remember to open the app every day to sync your step data, so you can see your current progress on the website. You can also see the progress of other players on the website to check where you are compared to them.
Step 4. Final settlement
The competition will be settled 2-3 days after the end. If you have met the target every day, you will get back the full amount of cryptocurrency you staked, and the portion of the principal from those who did not meet the target will be evenly distributed to those who did. If all participants in the competition reach the target, you will only get back the original staked principal, without any additional rewards.The number in the top right corner is the reward you have earned this time. Click on it and follow the instructions for the connected wallet to deposit the reward into your wallet!
According to the results of personal walking, within 7 days from 12/17 to 12/23, I successfully achieved the goal of walking 10,000 steps every day, and invested 1 million BONK tokens, earning a total of 40,000 BONK tokens (which was equivalent to $1.2 on the settlement day, or about $40 in New Taiwan Dollars). Although the amount is not much, as a person of Jinbutinren, I hold the spirit of "if you don't try, you'll never know" and the value of trying a new project. Moreover, it has cultivated the healthy habit of walking every day, which I consider a real profit (?).
Since Moonwalk currently has no airdrops or token issuance, the only source of income is the effort of walking. Please choose the health goal and token holding amount that suits you, and strive to achieve the step target!
( * The content of this article does not constitute any form of investment advice. All investments have risks, please research and consider carefully before deciding!)
〈The new generation of earning money by walking - Moonwalk? Did I really earn money by walking for 7 days?〉This article was first published on《NONE LAND》.
