MOVE Token (MOVE Token)
By using blockchain technology and smart-contracts, we wish to give every user the ability to monetize its' physical activity with no obstacles. Users will be given an ability to start making profit in one click. 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. User will be able to operate with the wallet via smart-contract. Wallet will also show the real-life exchange rate and give 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 accesories 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.