There are new ICOs being announced almost every day recently. Initial Coin Offerings are the investment of the moment and there are so many options that an investor could easily feel overwhelmed when choosing the best investments.
To help our readers to take the best possible decisions, our blog reviews the most interesting companies that are planning ICOs at the moment. Today, the subject of our review is the Movement App ICO.
What is Movement App ICO?
Movement App ICO is an app designed to monetize your exercise. Basically, you exercise, gain coins and you will be able to use them to buy products on the platform later. The objective of the Movement is to give incentives for people to make more exercises and have healthier lives.
The company wants to be profitable using their MOVE tokens, which will be sold, to make it easier for people to gain RUN tokens that they can use to exchange for goods in the store.
How Does Movement App ICO Work?
Basically, you download the app, register on the platform and then use something like a Smart Watch or a smartphone to track your exercises. By exercising, you will be able to gain RUN coins that you will exchange for sports products from companies like Nike, Adidas, Reebook, Under Armour or for MOVE tokens.
Every user will have a wallet that will support both RUN and MOVE tokens, so they will not need any other kind of wallet to use the program.
The user can use the MOVE tokens to multiply their gain or RUN tokens and then receive more RUN tokens faster. This will make more users buy tokens and it will help monetize the platform, as in the end, they will end up paying for using the free platform, as they will want to get more RUN tokens and, because of this, they will end up buying MOVE tokens to use them as multipliers.
How to Invest in Movement App ICO?
To invest in this start-up company, you have to buy their MOVE tokens. You will be able to that in two opportunities before the launch of the platform, the pre-ICO and the main ICO.
The pre-ICO will happen during December 15 to 25 and if you buy during this sale, you will pay cheaper for the tokens. You have to spend at least 0.1 ETH to buy tokens during this phase. The discounts will be divided in stages:
- Stage 1: 1ETH = 1200 MOVE (240,000 MOVE)
- Stage 2: 1ETH = 1080 MOVE (360,000 MOVE)
- Stage 3: 1ETH = 960 MOVE (960,000 MOVE)
- Stage 4: 1ETH = 840 MOVE (1,512,000 MOVE)
The main ICO still does not have a fixed date, but it will begin in February and it will last until March. The base price will be 1 ETH per 600 MOVE tokens, but there will be bonuses during the first three weeks.
- Week 1: Bonus +20%.
- Week 2: Bonus +10%.
- Week 3: Bonus +5%.
It is important to notice that the tokens are not shares of the companies, but a cryptocurrency that you will be able to use the platform. The main investment from buying these tokens is to be able to sell them in the future for more money than you bought them and receive profits from the sale.
It is also important to acknowledge that while MOVE tokens will be a kind of cryptocurrency that can be bought, RUN coins will be only used inside the platform and are more akin to points than real money.
All unsold tokens will be burned.
The Movement App ICO Verdict
Is the Movement app a good investment for you? There are some positive and negative points about this platform. The positive ones are that they seem to have a solid plan and there are not many problems that can arise in the foreseeable future. They also are investing in a practice that is growing, so there is a market for this company.
The negative point is that it’s hard to say how well the monetization of the platform will work after the ICO, so maybe the price of the MOVE tokens will not raise as much as the company hopes.
In the end, there is not a perfect answer telling you if you should invest in the Movement app or not. It depends on how successful you think their platform will be in the future, so take your time to decide the right course of action and invest well.