Factors Responsible for the Growth Move to Earn Tokens

However, some factors are responsible for its growth within the past few months. They include:

The success of the previous ones

History has shown that patterns in the Cryptocurrency space are repetitive. This means that the same results that are obtained in a project of a kind, can be obtained in the new ones. Since the launch of the STEP token, users have been able to receive over 21 times the return on their investment between March 19th and the time of writing. This has increased the interest of crypto investors in newer ones.

Fear of Missing Out (FOMO)

The role of sentiments in cryptocurrency investments can not be overemphasized. After the bubble of most cryptocurrencies in late December 2017, there was a rush of investors into the space in early 2018 as a result of the high sentiments that were attached to the bubble during that time. The same thing is obtainable in this adventure of Move to Earn Tokens which seems to give one of the highest returns on investment in recent time.

Low Gas Fees for transactions

The teams associated with this move to earn tokens have mainly used the Binance Smart Chain as the Blockchain to launch their tokens. The choice of Binance Smart Chain is due to the low fees paid for transactions. This has attracted a lot of users who can easily ignore the minimal fees paid so as to purchase the token.

Rewards to Hodl

Most of the move to earn tokens requires that users pay tax to either buy or sell their tokens. Most of the time, the tax for selling is higher. Users who Hodl receive a percentage of these tokens as rewards for believing in them and going long term. This gives their investors the ability to earn passive income while holding their assets.

Real-life application

One of the ways to know about cryptocurrency scam projects is that most of them do not have real-life applications. However, most of the moves to earn tokens are integrated with fitness applications, which enables their user to be healthy and fit as well as earn rewards by having the minimum amount of the tokens required in the app.

Large community

The community of this move to earn tokens in recent times is getting bigger. This has made them mostly among the trending tokens/coins in the market. This ability of the tokens to trend for a while makes investors who might not know of their previous existence to research more on them.

In conclusion, we should expect more growth of Move to Earn Tokens as newer tokens are launched in the space.