Move-to-Earn Project Genopet is Down – Time to switch to another crypto? – InsideBitcoins.com
Move-to-earn projects have taken many strides this year, courtesy of the arrival of the fitness niche in the blockchain ecosystem. However, one of the biggest names in this niche – Genopets – has started to struggle as of late. The GENE price dipped to $7.00 yesterday from $7.2 – worrying the crowd. They are now looking for a better cryptocurrency to invest in that doesn’t perform so erratically.
Genopet has been trending lower since it entered August
Genopet opened in August at $7.6 before gradually dropping and hovering over $7.00. The developers claim that it is the world’s first Move-to-Earn role-playing game – giving early access to the early movers. After hitting the $7.00 level, the token has struggled, moving above $7.30. And at the time of writing, the token is up by 3.62%.
What is Genopet?
Developers describe Genopet as the world’s first free-to-play and move-to-earn role-playing game on the Solana blockchain. It counts the players’ steps and rewards them for following a healthy lifestyle.
The most noteworthy features of this game’s ecosystem are the Genopets players can use for battle and earn rewards.
At the heart of Genopets are two distinct tokens. One is $GENE, used for governance and staking, and the other is $KI, used as an in-game currency. Most of the assets within the ecosystem are represented as NFTs that players can own and trade.
These NFTs are called Genopets. Genopets are digital critters that grow and evolve depending on the real-world decisions of the owner. As the players get their steps counted and share personal data, the Genopet develops accordingly. The more you move, the faster your Genopet will grow – making it fit for battle and earning higher rewards.
But the data that Genopets accumulate isn’t limited to steps. It connects with the health devices such as Google Fit, Fitbit, Oura, and Apple Watch and captures biometric data such as sleep, heart rate, and activities. When the project finally launches, these details will be added to the gameplay – allowing players to earn KI for completing tasks.
There are three ways through which players can earn KI within the Genopet ecosystem:
- Trainers: These are the players – playing Genopets and upgrading and evolving their NFTs to sell them on the market.
- Merchants: These are the traders of terraformed habitats to farm and refine rare crystals to trade on the NFT marketplace.
- Landlords: They buy the habitats and lease them to other players to earn a steady flow of passive income.
And in GENE’s case, the token has value as a governance token – allowing holders to influence the development of the game through a voting system. Currently, the demo version is live with some glimpses of the full version. To know more about the project, you can research the official whitepaper.
Tamadoge – A better Alternative to Genopets
Genopets have revolutionary ideas. But the way things are going, you’d be better off betting on a project already priming to succeed. And it is known as Tamadoge. Tamadoge is a utility memecoin that will become a move-to-earn token after the release of the augmented reality game with Tamadoge Pets. You’d be able to walk your NFT pet, raise them, and put them to battle in a fashion similar to Pokemon Go.
Winning battles will allow you to earn Dogepoints. And if you’re at the top of the leaderboards by the month’s end – with the most Dogepoints – you will earn TAMA tokens as rewards.
Tamadoge is one of the most popular presale cryptocurrencies in the market and, so far, has raised more than $2 billion within 16 days. It is making the most waves within the crypto space and has huge upsides potential for the early movers. To know more about it, see the official page.
Tamadoge – Play to Earn Meme Coin
- Earn TAMA in Battles With Doge Pets
- Capped Supply of 2 Bn, Token Burn
- NFT-Based Metaverse Game
- Presale Live Now – tamadoge.io