Sweatcoin shakeup is fake, says MotoDEX review, Gods Unchained 2024

Shaking is cheating: the founder of the sweat economy

Sweatcoin (SWEAT) is a token of the sweat economy, a money-to-earn (M2E) crypto application with 155 million users. The app simply pays you to get off your knees and sweat.

And all you have to do to get the token is let the phone in your pocket track your steps.

Everyone seems to have the same idea… what if I stay on the couch and punch the phone for hours?

Well, unfortunately for the faint of heart, Sweat Economy founder Oleg Fomenko told Web3 Gamer that unlike traditional pedometers, tricking the Sweat Economy is much more challenging.

“A lot of people do that, but they don't really earn; Because that's the first thing we fixed,” Fomenko said.

“If you activate Sweatcoins into existence, that immediately gives you a big doubt that this is going to be a sustainable or fun platform to use.”

In fact, the project has a whole section to handle phone unlockers and sweat simulators.

“It's our fraud detection department. It's about financial transactions in banking, it's about ensuring physical activity in our world.

But, he says, people waste a lot of time doing fake workouts because they don't realize it right away, only to realize there's no paycheck at the end.

“People get excited when they see their phone being tricked into action, they expect to get a reward. If not, they have choices. Either, give up, let it go, or, they'll realize that this problem is solved and Sweatcoins are actually worth it,” he explains.

“People start to realize that people above them are walking on that leaderboard. Not some fake physical activity. It will be real, and the sign will be worth it,” says Fomenko.

The Lab Economy team seems devoted to maintaining the value of the token. They are diligently tracking dormant tokens and brainstorming ways to revive them.

In June 2023, Cointelegraph reported that the sweat economy DAO voted to recycle more than 2 billion SWEAT tokens locked in inactive user wallets after the September 2022 airdrop.

(If you're just starting to shake your phone to make some crypto, check out ShakePay. They have an option to open the app and start shaking your phone to earn some crypto.)

How is the sweat economy paid?

If you're like me, maybe what does the project get out of it and why are they paying me crypto to walk?

Well, physical data has turned out to be extremely profitable, so you don't have to worry about Fomenko and his team paying rent any time soon.

Fomenko explained that in March 2021, when the Covid-19 lockdowns began to hit globally, physical activity dropped by 85%.

Such declines translate directly into higher health care costs, weight gain and other health issues across the board, he said.

“This kind of information is extremely valuable, which is why we have partnerships with big corporations like the National Health Service in England who pay us,” he said.

Lab Economy takes a commission for every transaction in the Lab Token ecosystem. The token is available on popular exchanges such as OKX and Crypto.com.

In recent times it has become more common for people to chase crypto to do their daily steps, with other apps out there offering rewards like Stepn, MetaGym, Dotmoovs, Calorun and Run Together.

According to CoinMarketCap, the price of Sweatcoin stands at $0.0107, with a 24-hour trading volume of $5.86 million.

Traditional gaming giants can't be leaders: WAX Chief Gaming Officer

“Traditional gaming companies will only be followers; they won't be leaders because they don't need to be leaders,” commented Michael Rubinelli, chief game officer at Web3 game developer WAX Studios, the gaming division of WAX blockchain.

There's a lot of interest in big gaming companies like Activision starting to use NFTs and blockchain, but Rubinelli doubts they'll do anything big right away. Smaller companies find it easier to allow mistakes to be made before joining.

“He shows them how to build another web3 game, how to structure the economy so that both sides win,” he tells Web3 Gamer.

Prior to becoming CEO of Esports Mogul, Rubinelli has two decades of experience in traditional games, serving as Senior Vice President of Studio Operations at Disney and General Manager of Core Studios at Kickstarter.

Now, he leads game development at WAX Studios, overseeing the creation of popular hits like the Web3 wrestling game Blockchain Brawlers and the game-to-find music franchise Music Mogul.

That background lends weight to the argument that the risk-reward ratio with NFT and digital ownership is no longer practical for traditional gaming executives.

“Business model transitions are hard; they're extinction events. If you try and fail, you lose your job,” Rubinelli said.

“They say that the biggest motivator in psychology is the fear of loss – you want it to be a profit, but it's not,” he added.

“What nobody wants to say, no big publisher wants to maximize the benefits of NFT and token ownership, but they don't.

In the year In November 2022, gaming giant Rockstar Games banned crypto and NFTs on its gaming servers for Grand Theft Auto and Red Dead Online. At the same time, Minecraft recently made it clear that there will be no NFT support in the game. Earlier in 2022, Blizzard Entertainment president Mike Yabba shot down an X user who said Blizzard had “expressed interest in NFTs.”

Rubinelli says rocking the boat with billions of operations isn't exactly beneficial to the big game players.

In terms of new releases, what's on the horizon this year is feeling pretty promising that it will make some of the biggest hits in the blockchain game look obsolete in the next twelve months. He mentions the highly anticipated AAA first-person shooter Shrapnel in particular.

“Axie Infinities, The Sandboxes, Crypto Kitties, those things should be dating quickly, I think by the end of the year.”

Hot take: MotoDEX

When it comes to racing games, the more cartoony, the better, I say.

As Forza Motorsport and Formula 1 become more and more realistic, there's something about racing on tiny tracks with wacky, larger-than-life cartoon vehicles that's always fun – maybe that's why Mario Kart is still so popular.

The NFT motorcycle game MotoDex is exactly that. It's simple, and you can choose which blockchain you want to use – Near, Polygon or Aurora.

In the game, you earn coins that you use to buy and sell NFTs on the OpenSea NFT Marketplace. But there are many other ways to earn cash in the app – you can own tracks and track owners earn coins from races held on their tracks.

The competition isn't your standard – they have more of a Nintendo Wii vibe, but on your phone.

As an obstacle course, there are many things to avoid, and the goal is to complete the race in as little time as possible. Things get a little chaotic on the track, with forklifts and swinging objects appearing out of nowhere.

Read more

Main characteristics

US law enforcement agencies are turning up the heat on crypto-related crimes.

Main characteristics

Play2Earn: How Blockchain Can Power a Paradigm Shift in Building a Gaming Economy

This means it's one of those slightly frustrating games that keeps you playing longer than you should.

It's the kind of game you call “just once” — you know, like Temple Run, Jetpack Joyride, or Subway Surfers.

Although the gameplay is very simple, nothing fancy in terms of graphics, it still keeps you hooked. I mean, I don't think it's aiming for any graphics awards. Head is a bobblehead character on a motorcycle that is twice the size of the bike.

God Unchained Roadmap for 2024

The digital trading card game Gods Unchained has been keeping players updated since its beta period ended five years ago.

On Valentine's Day, God Unchained released the game's roadmap for 2024.

🗺️ Gods Unfixed 2024 Roadmap 🗺️

Winds of change are blowing in Eucos:

📱 Mobile Release: Fight Anywhere, Anytime🚀 New Expansions: Anticipation and Fear fill the air with new cards and mechanics Will you choose?… pic.twitter.com/2SdXRE43CQ

— Gods Unchained (@GodsUnchained) February 13, 2024

According to the plan, they are replicating server logic to increase performance and fix technology glitches. They will also add more game modes and improve the development system.

They also announced that the mobile version of the game will be launched soon.

“Whether you leave your opponents crying on their toilet bowl while traveling, making a scene on the train or bus, or asking their toddler for another story (please don't do that), be prepared to measure the level as you walk away. . . it's your call.”

Other news

— Ethereum Layer-2 blockchain Lightlink game plugin Bolt has reached 2.5 million NFTs made by partner projects Vine and Tulip!

— Epic Games backs blockchain-based first-person shooter Xver with $3 million in funding.

– Crypto exchange OKX has integrated its wallet app with GameFi platform CoinArcade, enabling in-game BTC tokens and NFTs.

– NFT gaming platform PlayDap was hacked twice this month, causing the loss of $300 million worth of PLA tokens, according to blockchain security firm Ellipti.

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Ciaran Lyon

Ciaran Lyons is an Australian crypto journalist. He is also a freelance comedian and has been a radio and TV presenter on Triple J, SBS and The Project.