MoveApp
Crypto Overview
Purpose and Utility
MoveApp (MOVE) is a social fitness application and Web3 project that implements a 'move-to-earn' model. Users earn MOVE tokens by walking, running, or exercising while using the app.
Business Model Analysis
The platform's business model centers around incentivizing physical activity through token rewards. Users must purchase NFT sneakers to participate in the earning mechanism. The project generates revenue through NFT sales, marketplace fees, and token operations.
Real-World Adoption
The platform has shown significant user adoption with over 100,000 active daily users reported. The app tracks real physical movement through GPS and motion sensors, ensuring actual utility is being delivered.
Development Activity
The project maintains active development with regular updates to both the mobile application and blockchain infrastructure. The team consistently releases new features and improvements based on community feedback.
Token Distribution
The token distribution includes allocations for user rewards (40%), team and advisors (25%), ecosystem development (20%), and liquidity provision (15%). Team tokens are subject to a 4-year vesting schedule with a 12-month cliff.
Revenue Model Assessment
The primary revenue streams come from NFT sales and marketplace fees, which are halal forms of commerce. The platform does not involve interest-bearing mechanisms or gambling elements.
Crypto Impact
To assign a comfort level investing in MoveApp from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to MoveApp.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.