What is Dotmoovs (MOOV)?
Dotmoovs is a move-to-earn (M2E) blockchain platform that encourages its users to show off their skills and challenge other users in various sports, games, and competitions. On the platform, you can compete with other users around the world and get your rewards in the platform’s native token called the MOOV token. Check out the Dotmoovs price chart above if you care to see the current MOOV price.
The Dotmoovs crypto project has an AI-driven video refereeing system. This system has been put in place to judge and reward users fairly. Besides, it monitors practice sessions and oversees challenges between users, and prevents fraudulent activities.
Dotmoovs can be easily accessed by anyone with a smartphone. This is one of the key goals of Dotmoovs - ensuring unrestricted access to sports challenges to everyone, no matter the person’s location or any other limiting circumstances. Talking about athletes, they can showcase their skills on the platform and earn non-fungible tokens (NFTs) for doing that. Besides, the project allows users to place bets on athletes’ performances using MOOV tokens.
In essence, Dotmoovs is opening up access to quality sports challenges and assessments to athletes through its sports mining infrastructure. Some of the main features of Dotmoovs are the following:
- Advanced algorithms designed for specific sports and arbitration engines that can detect body movements and the positions of hands and legs.
- A scoring mechanism that rates athletes by measuring their skill levels. This is accompanied by free and fair rewards and a ranking system.
- Peer-to-peer challenge monetization system that rewards users with NFTs or MOOV coins for completing challenges.
- Automated matchmaking feature that helps decide the rules of the game, the amount of tokens to be staked, and the number of players for that game. Though users can also decide these things themselves.
There are different game modes available for you to choose from, including Solo mode, Team mode, Pro-season, and Party mode. These game modes have prize pools that are either shared with other winners or given to one winner in player-versus-player situations. The NFTs won during these challenges can be sold for MOOV tokens or in an NFT marketplace such as OpenSea or Rarible.
Use Cases of MOOV Tokens
The MOOV token was launched in May 2021 based on the ERC-20 token standard. Primarily, the MOOV crypto asset is used to fund NFT reward pools, MOOV reward pools, and the development of the Dotmoovs community. Thus, it's used for rewarding sports mining and challenge completions. Though note that users get rewards even if they don’t win challenges. This way, the project encourages bigger participation.
Moreover, users can stake their MOOV tokens to earn more tokens or NFTs.
Besides that, MOOV tokens are used by communities, clubs, brands, and live event organizers to pay for the rights to host live sporting events and challenges on the platform. The fees for these events are called organizing fees.
Who Founded Dotmoovs?
Dotmoovs was founded by Pedro Rente Lourenco in early 2021. Lourenco is a Portuguese data scientist. Before starting the project, he worked as a data scientist with Vodafone, a renowned telecommunication company. He also worked as an advisor to the NeuroPsyAI project. Besides, at the Imperial College in London, he led research on the effects of Nicotine.
Apart from Lourenco, another important person on the leading team is Salome Azevedo (COO). Salome has experience in biomedical engineering.
Besides, popular sports stars and legends such as Luis Figo, Ricardo Quaresma, and Joao Texiera are signed as ambassadors of the project.
MOOV Tokenomics
MOOV tokens have a maximum supply of 1 billion. When the token was launched, 24% of the tokens were reserved for the ecosystem as rewards for user activities, with another 24% earmarked for the liquidity fund. Moreover, 32% of the supply was set aside for private and public sales while 10% was reserved for the foundation. The remaining 10% allocated to the team is planned to be released to them and their advisors in a carefully planned release schedule, to minimize huge sell-offs and reduce any inflationary occurrence that may affect the MOOV price.
