In this article, we’ll discuss Dotmoovs and its native $MOOV token.
Dotmoovs employs a unique concept aimed at rewarding users for the effort they put into their regular sports activities. This means you can practice your soccer or dancing, all while earning rewards.
What is Dotmoovs?
Launched in June 2021, Dotmoovs (MOOV) describes itself as the ultimate sports app with incredible Metaverse competitions. It combines a smartphone app with an artificial intelligence algorithm to create exciting competitions, for which players receive $MOOV tokens for participating and winning.
Dotmoovs introduces a new type of meta-universe where users can have fun from the comfort of their own homes and receive an unbiased assessment of their performance by an artificial-intelligence judge.
Two types of activities are currently available on the platform, including freestyle soccer and dance. It could even be considered a cryptocurrency version of TikTok, since users can compete against each other, creating unique dances and getting a score from a reliable AI.
Apart from that, there is an NFT marketplace with several collections that users can check out. The cheapest NFT (blue rare ball) costs 7,700 $MOOV, which is equivalent to $82,17 at the time of writing.
How does it work?
The Dotmoovs platform allows users to challenge anyone in the world with its player matching system. In addition, the platform integrates its own anti-cheater platform, which protects the app with fraud detection algorithms to ensure fairness. Moreover, users can access video recordings of the winners, ensuring complete confidence in the results.
The internal $MOOV token is used to pay fees and reward players. Players can earn $MOOV tokens through sports games and mining related challenges. Regardless of the result, all participants in a tournament or match earn $MOOV tokens for their efforts. In addition, the $MOOV token is used to fund $MOOV reward pools, NFT reward pools, and to continuously develop the platform. Users can also stake $MOOV tokens to win non-fungible tokens or more $MOOV!
The $MOOV ERC-20 token was released in May 2021. Of the total volume of distribution, 32% were sold in public and private rounds. During the private round the $MOOV token was sold for $0.003, and during the public round the price was $0.004 per token. The token was listed on Uniswap at the price of $0.005 per token.
At the time of this writing, $MOOV token costs $0.01.
Fully Diluted Market Cap: $10,840,343
Circulating Supply: 496,000,000.00
Should I invest in Dotmoovs?
Considering the collaboration with the football legends Luís Figo and Ricardo Quaresma, Dotmoovs has a shot at becoming a top project. However, the roadmap has not been updated and does not extend beyond Q2, 2022.
As always, DYOR before investing, and we’ll meet with another M2E project soon!
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