Binance Labs beteiligt sich an der Investition. Wird Moonwalk die nächste Welle im Sport auslösen?

Original | Odaily Planet Daily ( @OdailyChina )

Autor | Fu Howe ( @vincent 31515173 )

After the popularity of StepN, Web3 applications related to health and fitness have emerged in an endless stream. However, few projects can surpass the success of StepN because most applications lack innovation.

In this context, Moonwalk recently announced that it has received $3.4 million in seed round financing led by Hack VC, with other investors including Binance Labs, Reciprocal Ventures, Bonk and Solana co-founder Raj Gokal. Does it have unique features and will it set off a movement wave like StepN?

To this end, Odaily Planet Daily explains the basic gameplay of Moonwalk and expectations for future coin issuance.

Exercise and fitness require self-discipline. If you have poor self-discipline, use real money to restrain yourself.

Moonwalk is a fitness app on the Solana chain that combines a token reward and penalty mechanism to help users achieve their daily step goals. By creating private or public games, users can set daily step goals and stake Kryptocurrencies such as USDC, SOL, or BONK to ensure that users have the ability to constrain token economics while achieving their goals.

Moonwalk specific gameplay:

1. Users need to complete account registration as required. They can choose to complete the registration through Google or wallet. It is worth noting that registering through Google will help you create a Tiplink wallet. The author recommends creating an account through MetaMask, OKX wallet and Phantom to avoid cumbersome transfers later.

2. 

   Since Moonwalk currently uses invitation codes for access, you only need to complete the corresponding registration. We provide an invitation code: a 4 efjfko.

3. 

   Users of different types of mobile phones need to download dedicated apps from the app store first, including Moonboots (a dedicated iOS app), Google Fit or FitBit. The author believes that Moonboots data collection is more convenient, while Google Fit requires manual synchronization every day, and the project party needs to connect with Googles account information.

4. After completing all the above basic operations, the user selects a competition pool to enter. Different competition pools have different entry thresholds. The creator is free to choose the corresponding tokens, set the number of steps per day, and the duration of the competition. However, it is worth noting that participation in the competition pool needs to be within its limited time range, and you must choose your own time zone every day. Do not enter midway, otherwise the first day may be counted as unfinished, and the corresponding pledged tokens will be deducted .

5. 

   After users choose to participate in a single game, they can see a dashboard of all participants to see the number of people who have not completed the days challenge and calculate the rewards.

   

Simply put, Moonwalk is very similar to the popular fitness groups or smoking cessation groups. When participants fail to complete the previously set requirements, they need to accept penalties. In Moonwalk, the penalty is the tokens previously bet, which are evenly divided according to the duration of the game. If a user deposits 10 SOL and the game lasts for 5 days, if the user fails to complete the task on one day, only 2 SOL will be deducted. The rest will still be returned.

In addition, in Moonwalk, users can participate in private or public games. Private games are suitable for interacting with friends in a closed environment, while public games allow users to join a larger community and increase social interaction. Games can also be supported by sponsors to add additional rewards and motivate participants to achieve their fitness goals more actively.

In essence, Moonwalk is not a GameFi, but a paid sports planning application, where users constrain themselves to achieve their goals by investing real money. If the participants of a single game complete the task, no one will profit, excluding the support of sponsors, but the sports purpose of the project will be achieved to a certain extent.

Expectations for future coin issuance

From the above, Moonwalk is very monotonous, with only the number of steps as the metric, and the competition does not have many extra rewards, which is not attractive enough. If Moonwalk is only used as an exercise application to constrain oneself, the future development space is not sexy.

However, in July this year, Moonwalk launched a leaderboard mode, which, combined with the XP (experience value) system, provides users with a potentially motivating fitness experience. By participating in activities, reaching step goals, and recommending friends, users can win experience points and improve their ranking on the leaderboard, thereby unlocking future rewards. The author speculates that the future rewards here should be token incentives.

Moonwalks Ascent system features two main leaderboards, allowing users to clearly see their achievements and rankings:

• XP Leaderboard: This leaderboard tracks the total XP a user has earned from various activities, showing the users overall performance in the Moonwalk Fitness community.

• Competitive XP Leaderboards: Focus on a users performance and success in a specific game, reflecting a users ranking in competitive matches. This type of leaderboard encourages users to perform better in the game and thus move up the rankings.

Strategies for increasing XP

To climb the leaderboards, users need to develop an effective strategy. Here are a few ways to increase XP:

• Keep hitting your step goals: Make sure you hit your daily step goals in each game, as this is the basis for earning XP.

• Participate in multiple games: By participating in multiple matches at the same time, users can significantly increase their chances of gaining XP. The more matches you participate in, the more XP you will gain.

• Create and host games: After participating in at least three games, you can create your own games. Attracting more participants will earn users more XP.

• Recommend Active Users: Recommend Moonwalk to friends who have the potential to actively participate in the game.

Overall, although Moonwalk currently has a relatively simple gameplay, it is still in its early stages; at the same time, the threshold for user participation is low, and as long as the daily goals are completed according to the rules, there is basically no loss in participation. In addition, Moonwalk provides potential incentives for users by introducing rankings and XP systems, attracting users to participate in the project for the purpose of issuing coins later.

This article is sourced from the internet: Binance Labs participates in the investment. Will Moonwalk set off the next wave of sports?

Related: Dialogue with trader Eric: How can a novice make the first $1 million using a simple moving average indicator?

This episode’s guest: Eric, a day trader of a US equity proprietary fund, Twitter @CycleStudies *All texts are for sharing only and do not constitute any investment advice. TL;DR 1. About trader Eric The core of trading is people. A persons experience, background, personality, and financial attributes determine the development of his or her trading strategy. What is Erics trading strategy? 1) Fund size and allocation: Funds in the tens of millions, most of which will be used to buy spot goods, while there will also be stable returns from the exchange, and some funds will be used to short positions 2) Expected return bearable drawdown: Limit and manage your own risks through technical analysis, and the subsequent returns are to continue to gamble on probability. 3) Trading logic: short-term…