MOVEMENT – is a new ecosystem, where everyone would be able to get coins for beating the distance. It could be running, jogging or walking, outside or using a treadmill. Users will be able to spend their coins in Movement in-app Store by purchasing sports goods, sports nutrition, sportswear and online Fitness & Yoga courses. Or they could simply trade it into tokens and exchange it to any cryptocurrency or sell.
Every registered user will be given a wallet inside the Movement App. All the data, as well as earned coins and purchased tokens, will be safely secured in it. The user will be able to operate with the wallet via smart-contract. Wallet will also show the real-life exchange rate and give the user the ability to exchange RUN coins into MOVE Tokens.
As could be seen from the scheme above, the system will have the following operation principle:
As user runs, jogs, walks and beats the distance RUN coins are being added to his account in real-time. The number of coins rewarded depends on several factors such as total distance, time spent, calories burnt (if synchronized with apps with such calculating functions) and the amount of MOVE Tokens in users’ wallet.
The main feature of MOVE Tokens in Movement Economic System is to form an efficiency multiplier and serve as a bonus coefficient applied to the amount of RUN coins rewarded by the Movement™ App API.
Movement App will support Smart Watch technology as well as integration with all most popular smart accessories and apps for sports and health & activity tracking such as Fitbit, Google Fit, Apple Watch, Apple Health Kit, etc.
Gained RUN coins could be spent at in-app shop or exchanged for MOVE Tokens.
USER 'A' HAS 0 MOVE TOKENS IN MOVEMENTTM WALLET SO THE COINS MULTIPLIER IS x0.
USER ‘A’ BEATS THE DISTANCE OF 1km AND GETS REWARDED WITH 100 RUN COINS.
USER ‘B’ HAS 1 MOVE TOKEN IN MOVEMENTTM WALLET SO THE MULTIPLIER IS x0.5.
USER ‘B’ BEATS THE DISTANCE OF 1km AND GETS 150 RUN COINS FOR IT.
*all the numbers stated are arbitrary