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What is Cryptocurrency?#

Cryptocurrencies is usually a decentralized digital money meant to be used all over the world. Bitcoin is the biggest example of a Cryptocurrency, it runs in his own blockchain that can’t be directly controlled or manipulated by any entity

What is Blockchain?#

Blockchain is a term vastly used to represent a chain of data blocks which each block depends on a specific hash found by a miner. Those blocks contain all information (usually transactions) that were previously validated by a node. It’s commonly used to ensure the integrity and transparency of Bitcoin.

What is a Token?#

In the Ethereum Network, a Token represents a digital asset built using a smart contract, and this contract runs on an Ethereum network. It can’t be changed or updated directly.

Companies use Tokens to represent part of their own product. In the case of dotmoovs, MOOV is used in our platform as a reward for Sports Mining and Staking. It gives you access to specific challenges, rewards & collectibles.

$MOOV is currently an ERC-20 Token that can be transferred to any Ethereum Address.

What is the utility of the $MOOV token?#

The way to democratize access is by giving everyone a level playing field.

Athletes can collect $MOOVs and NFTs just by participating on challenges on the platform, growing their ranking position, or completing milestones. By staking $MOOV tokens or providing liquidity, athletes can unlock $MOOV rewards that can be collected based on their activity in the platform.