The Movement App is one of its kinds as it gives the users the ability to earn money through physical activity. A person’s physical activity will get converted to digital coins which then can be exchanged for tokens having real-world value.
Movement App is a platform based on Ethereum blockchain and is decentralized in nature. Everyone will be eligible for awards as and when they exercise or beat a particular distance using Movement App.
Features of the Movement App
• You don’t need any kind of additional setup for participating and earning through Movement. All you need to do is to download the application from Google Play Store or Apple App Store, and then further proceed with the sign-up process to start earning.
• Post account creation each and every user will get the ERC – 20 wallets. All token transfers and mutual reciprocal action with smart contracts will take place through this wallet itself.
• As and when you beat a certain distance you will get RUN coins which either can be traded for buying products in the inbuilt app store or can be exchanged for MOVE tokens through your private wallet.
• The Movement App will be able to connect and support almost all the popular smartwatches and bands like Apple Watch and Fitbit. It will even support activity tracking applications like Apple Health and Google Fit.
• The In-App Store will hold goods from the popular sports brands like Nike, Adidas, Reebok, Under Armour etc. Along with this, it will also hold sports nutrition products plus online or offline fitness courses. A good amount of yoga courses will also be present along with many other types of fitness training programs.
• Users can even put their MOVE tokens at stake with different runners and earn without the need to physically exert them.
• Last but not the least the application will be aesthetically developed and designed following the modern way of living.
How Will Movement App Work?
• The ERC – 20 wallets provided to the user will hold safely the date, earned coins and purchased tokens. Wallet will operate under a smart contract where users can see the real-time exchange rate for RUN coins using the wallet.
• The RUN coins will be added straight away to the wallet in real time. The number of coins added will rely on certain important points like total distance, time spent, calories burnt plus also on the number of MOVE tokens that are present in a person’s wallet.
• MOVE tokens will act like an efficiency multiplier and based on the number of MOVE tokens a person’s bonus RUN coins will be added along with the RUN coins that user has earned by beating the required distance.
Movement App ICO Details
Start Date: 1st February 2018
End Date: 1st March 2018
Movement App ICO Token Sale Cap: 10,000,000 MOVE
Currency Accepted: ETH, BTC, LTC
Token Exchange Rate: 1 ETH = 3600 MOVE
Minimum Transaction Amount in Ethereum: 0.1 ETH
Maximum Transaction Amount: Unlimited
Bonuses: It will be as:-
• Week 1: Bonus + 20 %
• Week 2: Bonus + 10%
• Week 3: Bonus + 5%
The tokens which will not be purchased will be burnt in the end. The total number of MOVE tokens is set and rigid hence token minting won’t be available in this case.