Dotmoovs is a blockchain platform powered by the MOOV token that promotes sports and peer-to-peer (P2P) competitions among players, unlike the majority of Move-to-Earn apps that simply motivate you to engage in any kind of physical activity (fitness exercises, running, or gym training).
Branded by its users as “the app that enables you to earn crypto for playing soccer,” Dotmoovs provides a blockchain platform through which players from all around the globe can meet and compete against each other in a friendly soccer match.
How Does Dotmoovs (MOOV) Work?
Dotmoovs enables you to play a soccer match with your friends and earn rewards, regardless of the geographical distance between you and your sports rivals. You can even have a dance-off with your peers. Based on the integrated AI algorithms, the platform selects a winner by analyzing the players’ sports tricks or dance moves.
To ensure fairness, the developers of this project have also integrated fraud detection algorithms that are able to precisely scan your movements and detect fraudulent activity.
The players also have to film a short video of themselves showing some neat sports trick or smooth dance moves, which only adds to the fun.
The algorithm then scans and compares the movements of your limbs, as well as the performance, compares it to the performance of your peer, and decides who will be the winner in the sporting face-off.
If you are lucky enough to win a competition after the skill assessment, you’ll also win some cool NFTs and MOOV tokens as a reward from the platform.
Each sport is represented with its own unique NFT collection on Dotmoovs. This provides additional motivation for the NFT collectors among the players to compete with their peers and earn more new and original tokens.
Furthermore, you can use the NFTs you receive as a reward to take part in some of the tournaments organized by Dotmoovs and buy yourself some in-app items, such as better sports gear, so you can level up more easily.
What Is Dotmoovs (MOOV) Used For?
MOOV is the utility token of the Dotmoovs peer-to-peer sports competition platform. It’s compatible with the ERC-20 and BEP-20 formats but also with the Polygon network. The token powers all transactions that happen within the Dotmoovs platform and its operations. For instance, you can use your tokens to buy some unique NFTs or merchandise, rent, or sell your NFTs.
Similarly to the NFTs, you can use this token to buy in-app items that can help you progress with your game or participate in a sporting contest. Additionally, you can stake it on the platform for an additional passive income.
Where to Buy Dotmoovs (MOOV)?
If you’re interested in investing in the Dotmoovs token, you can buy it from several exchanges, such as PancakeSwap (V2), Gate.io., MEXC, Hotbit, or BKEX.
How Long Has Dotmoovs Been Around?
The Dotmoovs cryptocurrency project was launched in April 2021. Its native token was first listed on the Hotbit exchange the following year, in 2022.
What’s Controversial About Dotmoovs?
Dotmoovs is a relatively recent addition to the world of crypto and still has a long way to go and complete its roadmap. Until now, there have been no known controversies about this crypto project.
On the contrary, not only does the token spur a lot of interest among players and crypto investors, but it’s also frequently pointed out as one of the most promising new tokens in the metaverse and Play-to-Earn cryptocurrency realms.
How Many Dotmoovs Tokens Are There?
There’s a total of 1,000,000,000 Dotmoovs tokens created, while the circulating supply of this token fluctuates around 731,180,094 tokens.
Can MOOV Be Mined?
The participants of the Dotmoovs sporting tasks can get Dotmoov tokens or NFT for completing sports challenges or winning some of the competitions. By staking your Dotmoovs tokens and providing liquidity to the platform, you’ll also be rewarded with some MOOV tokens.
Market Cap and Price History of Dotmoovs (MOOV)
According to CoinMarketCap, Dotmoovs (MOOV) has a market cap of around 3,019,076 USD and a daily trading volume of around $416,915, which is an improvement of 13.81% at the time of this writing. Token’s current ranking on CMC is #1104.
Biggest Competitors of Dotmoovs (MOOV)
The tokens supporting Play-to-Earn apps such as Axie Infinity (AXS) or RobotEra (TAMA) can be considered MOOVs biggest competitors on the market, as they share similar concepts of playing and earning crypto.
While the AXS and TAMA tokens power platforms that motivate their users to be more physically active by performing individual sporting activities, the Dotmoovs token supports peer-to-peer sports matches through its native platform.
What Does the Dotmoovs Project Road Map Look Like?
The Dotmoovs roadmap projects new marketing campaigns, improved dance score algorithms, automated sporting challenges featured on the platform, new sporting tournaments where you can match your skills and tricks with the ones of your peers, new merchandise and experience rewards, as well as worldwide tournament cup.
Pros and Cons of Dotmoovs
- A versatile token that you can use on its native platform;
- You can earn the token while playing your favorite sport with your peers.
- Listed on a handful of exchanges;
- Doesn’t have a lot of practical, real-life utility.