Following its stellar performance in less than a month after its phenomenally successful IDO, MOVEZ, the governance token of the move-to-earn initiative, MoveZ, is making headlines in the crypto market. OKX, a reputable and liquid cryptocurrency exchange that also supports fiat currency purchases, has announced the launch of trading for the MOVEZ token.
According to market data, the MOVEZ token is currently exchanging hands at a premium of 30x its IDO value. The token may be bought and sold on major markets like ByBit, Gate.io, and MEXC.
The Success of MOVEZ IDO
The MOVEZ IDO took place across four different launchpads: the BSCPad, PolyPad, MetaVPad, and GameZone. The IDO sold out in minutes, demonstrating the high desire for a product that seems set to completely dominate the mobile earnings space this summer.
About 13,000 people have purchased across all platforms. There were 2,976 users on BSCPad, whereas the limit on MetaVPad was 700 BUSD; both platforms used the same dollar-to-movez exchange rate. With space so limited, there appears to be some crucial activities on top of the initial purchasing and selling positive elements today and this week on the other two launchpads, Polypad and GameZone, where the cap stood at 700 USDC and 700 BUSD, respectively. Notably, purchasers across all pads received a 99% discount on the token’s value, and the project raised USD 15,000,000, although the aim was USD 6,000,000.
Burn2Earn – Revolutionizing the Move2Earn Panorama
The platform’s ambitious objectives and strategy to the beloved move-to-earn idea are ultimately to blame for MOVEZ’s price increase. MoveZ plans to compete with StepN, another move-to-earn platform whose native token, GMT, is one of the best-performing assets in the market. StepN’s incentive structure and GMT’s consistent climb despite the crypto market exhibiting bearish trends have garnered attention.
MoveZ is launching a brand-new, ground-breaking concept called “burn to earn,” in which users are rewarded with their preferred token after each bout of physical activity by having some of it burned. Its approach sidesteps problems encountered by other options, such as the entry hurdle posed when clients must own NFTs. Instead, MoveZ levels the playing field by providing different tiers that can be reached by simple staking of MOVEZ tokens.
Learners, walkers, cyclists, and browsers alike will receive incentives. Because MoveZ can reward users for a wide variety of exercises, and because users’ calorie-burning activities can be monitored through the MoveZ mobile app, MoveZ’s active users can always be making money doing what they enjoy most, all while staying healthy and improving their fitness.
More Victory for BlueZilla
MoveZ was conceived in BlueZilla, one of the world’s most successful startup incubators. BlueZilla continues to back top dApps in DeFi, gaming, and NFTs by providing them with the financial, marketing, and business development support they need to stay ahead of the competition. WagyuSwap, an incubated venture by BlueZilla, was one of the highest-performing IDOs of 2021, providing a ROI of 85X for participating buyers. BlueZilla is responsible for launching one-third of the year’s highest-performing IDOs.
At certain spot charges, MOVEZ appears to be defying gravity, and this trend may continue. MoveZ intends to announce additional prominent partners over the next several months, and the release of the mobile app will undoubtedly make an impact, further fueling the uptick.
