The Move-to-Earn (M2E) landscape, though cooled from its 2022 peak, continues to evolve with innovative projects. Moonwalk Fitness emerges as a compelling example, capturing community attention as the sole M2E project to secure funding in 2024 and only the second to receive investment from Binance Labs. This in-depth article explores Moonwalk’s unique model, its potential, and how you can join this exciting fitness revolution.
The Moonwalk interface
How Moonwalk Fitness Redefines Move-to-Earn
Unlike traditional M2E projects, Moonwalk Fitness emphasizes a group-oriented approach. Participants join fitness groups and stake USDC, BONK, or SOL on the Solana network. Earnings are tied to collective performance, requiring members to achieve daily step goals set by group leaders or maintain a pace comparable to the most active participants.
This collaborative model sets Moonwalk apart. Upon reaching objectives, users have two choices:
- Reclaim 100% of their staked assets.
- Receive a portion of their staked assets plus a share of the forfeited stakes from members who didn’t meet the requirements.
Let’s illustrate: Imagine joining Group A with a 5,000-step daily goal and staking 1 SOL, representing 50% of the group’s total stake.
- Scenario 1: Goal Achieved: You receive 1 SOL or 50% of your stake plus 50% of the total stake forfeited by underperforming members.
- Scenario 2: Goal Missed: You lose a portion of your staked SOL.
kết nối ví web3 với moonwalkConnecting your Web3 wallet
While Moonwalk’s reward mechanism may appear less immediately lucrative than other M2E platforms, its strength lies in fostering accountability and motivation. The risk of losing a portion of your stake to fellow group members provides a powerful incentive to stay active. This model is particularly attractive to families or close-knit groups seeking to maintain and potentially grow their collective assets.
Getting Started with Moonwalk Fitness: A Step-by-Step Guide
Embarking on your Moonwalk fitness journey requires a few essential preparations:
- Web3 Wallet: Equip yourself with a compatible Web3 wallet like Coin98 Super Wallet or Phantom, and ensure you have USDC, BONK, or SOL on the Solana network.
- Step Tracker: Sync your progress with a reliable step-tracking app like Moonboots Sync, Google Fit, or Fitbit.
Once prepared, follow these steps to join Moonwalk:
- Access the Platform: Visit the Moonwalk website at https://moonwalk.fit/.
- Launch the App and Connect Your Wallet: Click “Launch app,” connect your Web3 wallet, sign the necessary transaction, and create your Moonwalk profile.
kết nối step providerConnecting your Step Provider
- Connect Your Step Tracker: Link your chosen step-tracking app (Step Provider) to your Moonwalk profile.
- Stake, Join a Group, and Start Moving: Stake your chosen tokens, select a group that aligns with your fitness goals, and begin your M2E journey.
Choosing a group and starting your fitness journey
The Team, Investors, and Partners Powering Moonwalk’s Vision
Moonwalk benefits from experienced leadership within the crypto space. The core team includes:
- KW: Co-founder, actively engaged on X (formerly Twitter) as @Forculus. KW’s background includes founding Quezk and the Shoe On Ventures fund.
- Nom: Co-founder, also active on X as @TheOnlyNom. Notably, Nom is a co-founder of the MonkeDAO NFT collection.
On October 24, 2024, Moonwalk Fitness successfully raised $3.4 million in a seed round led by Hack VC, with participation from prominent investors such as Binance Labs and CMS Holdings. Strategic partnerships with projects like AllDomains and GolfN further strengthen Moonwalk’s ecosystem.
Exploring Similar Projects in the Move-to-Earn Space
StepN stands out as a notable counterpart to Moonwalk. As the first M2E project to receive Binance Labs investment, StepN rewards users for various physical activities like walking, running, and jogging. For a more comprehensive understanding of StepN’s mechanics and model, refer to this detailed analysis: Analysis of the StepN Operating Model.
Moonwalk’s Potential: A Fresh Perspective on Move-to-Earn
Moonwalk Fitness offers a refreshing approach to the M2E landscape. By shifting the focus from individual rewards to collective achievement, Moonwalk creates a powerful motivational framework. The platform leverages the strengths of the Solana network and integrates seamlessly with established fitness tracking apps. While the long-term success of any M2E project depends on community engagement and sustained development, Moonwalk’s innovative model, experienced team, and strong investor backing position it for potential growth within the evolving fitness and crypto intersection.
FAQs: Addressing Common Questions about Moonwalk Fitness
Q: What makes Moonwalk different from other M2E platforms?
A: Moonwalk emphasizes group-based fitness challenges and rewards. Your earnings depend not only on your individual steps but also on the performance of your group, fostering accountability and teamwork.
Q: Which cryptocurrencies are supported for staking on Moonwalk?
A: Moonwalk currently supports USDC, BONK, and SOL on the Solana network.
Q: Can I use my existing fitness tracker with Moonwalk?
A: Yes, Moonwalk integrates with popular fitness tracking apps like Moonboots Sync, Google Fit, and Fitbit.
Q: How are rewards distributed in Moonwalk?
A: You can choose to reclaim 100% of your staked assets upon achieving your group’s step goal or opt for a portion of your stake plus a share of the forfeited assets from members who didn’t reach their targets.
Q: What is the role of Binance Labs in Moonwalk’s development?
A: Binance Labs is a key investor in Moonwalk Fitness, demonstrating confidence in the project’s potential and providing valuable support for its growth.
We encourage you to share your questions and thoughts about Moonwalk Fitness. The M2E space is dynamic, and community engagement is crucial for its evolution.
