Moov provides a platform for developers looking to embed payment functionality into their software. We take the complexity out of the process so developers and product teams can focus on their customers and deliver exceptional user experiences—not worrying about banking protocols, security, or compliance.

Moov

For CEOs, letting go of employees is always one of the most difficult parts of the job. It is all the harder when layoffs are the result of external circumstances over which companies have no control, like the current global health crisis. As a result of the shrinking economy, many companies have had to make very difficult staffing reduction decisions. The transparency and compassion with which they make these decisions and communicate them to their workforces says a lot about the spirit and heart of these companies. So, too, does their treatment of departing employees, especially regarding the benefit that most closely links staff with their (former) companies: equity. Equity transforms employees into shareholders, alumni into owners. And, in the case of a major exit, equity can create enormous wealth for hardworking staff who helped build a company from the bottom up, even if they had to leave prematurely. AirBnB and Carta Step Up Two companies in particular have made recent announcements that demonstrate generous equity policies that strengthen staff relationships and the companies themselves: AirBnB and Carta. AirBnB is laying of 1,900 employees, or about 25% of its staff. In addition to other thoughtful departure benefits, AirBnB has removed its one-year cliff on equity, so all employees, regardless of tenure, have .  Equity Management Solutions company Carta laid off 161 employees, which is about 16% of its staff. Carta has , and extended its post termination expiration period (how long employees have to exercise their options after leaving the company)  to one year from dismissal. the opportunity to exercise their options likewise removed its one-year cliff The language both CEOs used in their announcements is telling. AirBnB CEO Brian Chesky said, “Everyone departing, regardless of how long they have been here, is a shareholder.” Carta CEO Henry Ward said, “You joined Carta to create owners and to become one. Everyone affected today will be an owner of Carta.” While both CEOs emphasized how much they value their staff and hate to see any of them go, it’s their equity policies that put this sentiment into action. Both are unequivocally giving their employees the chance to take ownership over their work and to reap the benefits even after they move on from the company. This demonstrates smart, savvy, honest leadership that addresses practical and emotional needs of employees in hard times, and expresses optimism in the future of their companies as well. These moves say: This company will recover and flourish again, your piece is worth something and will be worth even more in the future. Moovit employees made bank - or missed out If employees are looking for great stock options success stories, they should look at the recent for $900M. EquityBee helped some of Moovit employees to exercise their stock options. As a reference, some of these not very senior employees saw gains of up to 10x their exercising price, while the investors who supported them did over 150% on their investment And those who didn’t exercise their options unfortunately saw nothing. Exercising equity options at the right company can become a life changing event. Intel acquisition of Moovit CEOs should take a close look at equity policies as part of their severance and layoff packages. Layoffs will always be hard, but equity is a way to give back in a long-term, serious way to employees who helped build great companies, and an even better way to keep close those staff who companies would truly rather not lose. Employees, for whom the layoffs are all the more personal, real, and pressingly critical, should do everything they can to take advantage of the silver lining that is advantageous equity opportunities. Being laid off stings and is scary, but if staff believe in the company they are departing, they have the chance to invest and own a piece of it in an intrinsic, invaluable way.

Crisis Layoffs are Leadership Opportunities: Equity Examples at Carta, Airbnb, and Moovit

Let's learn about via these 52 free stories. They are ordered by most time reading created on HackerNoon. Visit the to find the most read stories about any technology. Uber /Learn Repo 1. Uber & Thycotic: Are Password Vaults a Huge Security Vulnerability? The Uber hack showed that password vaults come with a security risk. Still, if set up correctly they improve security for companies. 2. Diving Into The Sharing Economy [Infographic] The sharing economy operates on peer-to-peer exchanges. This allows people to have an enjoyable lifestyle without owning the stuff they would like to use. With the unemployment rate at its lowest in 50 years and nominal wage at its highest in a decade, the American economy is thriving. However, the cost of living is outpacing wage, preventing Americans from living a great lifestyle. This has led to the rise in peer-to-peer lending and borrowing, facilitated by apps and technology, known as the sharing economy. 3. I Could Have Hacked All Uber Accounts- But I Chose to Report it Instead This is being published with the permission of Uber under the responsible disclosure policy. The vulnerability detailed in this blog post is being disclosed by Anand Prakash of AppSecure. This was plugged quickly by the security team at Uber. This issue is similar to Facebook’s access token leak which was discovered last year https://techcrunch.com/2018/09/28/facebook-says-50-million-accounts-affected-by-account-takeover-bug/ 4. How to Create a Ride-hailing App like Uber & Lyft? Technology Stack, Estimated Cost, and Features The global market strives to cater to the ever-changing demand and supply. Balancing the two critical parameters crowns a service provider exemplary. Uber hit the jackpot (followed by Lyft) in the taxi industry with its on-demand services, or more precisely, nailed the market with an extraordinary app. 5. Will Uber do a YouTube? While disruptive services and online availability of service providers are increasingly gaining control over the market, collecting user feedback is also becoming essential. While serving more customers simultaneously has become easier, it is obvious that the quality of services offered is the primary aspect of service evaluation. And the reviews play a big role in deciding it. 6. The State of Uber in 55 Statistics I have a question for you 7. The Effect of Covid-19 on Ride-hailing and Food Delivery Services Due to the crisis of the ongoing Corona virus Pandemic, Uber and other major companies announced new welfare policies that stated that any worker infected by the Covid-19 virus or workers in a location are completely quarantined by the government, would get paid leaves or compensation. Inspired by these events, other companies built using the taxi app and operating in other regions of the world discussed similar procedures to benefit those affected by corona virus. 8. 5 Secrets to Making More Money as a Gig Driver on Uber, Lyft, and More To take full advantage of the rapidly growing ride-sharing and delivery market, we offer 5 hacks for drivers to maximize their profits by identifying problems. 9. Understanding How Uber Works The taxi industry's revolution is divided into two parts: before and after Uber's existence. In this blog, we will look at Uber's business model. 10. Uber's Secret Algorithm to Calculate Fares Uber has quietly changed the way it pays drivers in several major cities across the U.S., using a new feature it’s calling “Upfront Fares.” 11. The Noonification: Ubers Secret Algorithm to Calculate Fares (9/22/2022) 9/22/2022: Top 5 stories on the Hackernoon homepage! 12. Technology is Just a Tool "If you say 'I told you so', you are the one who has failed. Because you knew, but did not manage to stop the train wreck." - Engineer Robert C. Martin 13. Uber CEO Interview, and the Advent of Self Driving Car Technology 14. Using Machine Learning to Build a Ride Acceptance Model for Uber Objective: Predict if a driver will accept a ride request or not and find the probability of acceptance. 15. Many Minneapolis Uber and Lyft Drivers Were Victims of Reported Carjackings Last Fall A lot of ride-share drivers were victims of carjacking in Minneapolis last fall. Here is what spokespeople, the police, and the drivers have to say about it. 16. Check Out This Video on How to Scale Mobile Apps Boost productivity and code ownership in large engineering teams. 17. The Design and Implementation of Presto Local Cache at Uber The design of Presto Local Cache with Alluxio as an embedded cache library resulting in ~3x improvement in performance. 18. Uber's Q4 Results Show Positive Traction in Ridesharing, Delivery and Advertising Uber released its Q4 2022 earnings report, revealing impressive growth in its core ride-hailing business. The business had both its best quarter and year ever. 19. Mergers and Acquisitions: The Empire Strikes Again Another $1 billion M&A in the mapping space was hinted at today. Intel, the semiconductor giant will buy Moovit, the multimodal mobility as a service (Maas) platform. The rumors have caused some head shaking, smirking and muttering about those “ridiculous startup valuations”. 20. When Should We Expect Uber Coin? What is the primary goal of any business? Without any doubt – money, and there is nothing wrong with that. Profits allow companies to invest in R&D and bring new products and services to the market, thus making our life easier and more comfortable. For example, we could compare a vehicle industry evolution over the past 50 years. Back in the day, a serious car accident would normally end up with someone´s death. Today, thanks to engineering genius and safety control people survive even 100 mph+ head-on collisions. 21. Future Trends: Will We Have Flying Cars? Current situation in the sphere of world's car development has pushed us toward the idea of revolutionary type of transport. There are many companies in the world, which tried to create something similar. However, they did not wanted to lead theirs products on the global market. Our goal is to make an air transporting affordable for everyone. 22. Why Uber and Lyft Feature Competitors Who Could Cannibalize Them Last year, Uber announced that it will start showing Lime scooters and Jump bikes in Uber app. On surface, it looks like this move will cannibalise Uber’s cab business. Per trip revenue made by Uber is much higher in case of a cab than in case of an e-scooter or a bike. 23. 'European Uber' Raises $109M · The UK Has No Chill · Libya is Waging a Proxy War The top 3 headlines from across the pond for Tuesday, May 26, 2020. 24. Significance of Legal Technology in Legal Matters The effect of innovation on law is pushing  ahead with all the nuance of a charging rhinoceros, changing conventional practice and generating new types of "legal help" conveyance. Shockingly, many expect that the twirling occasions will simply upgrade the current framework, leaving it basically flawless, however with specific procedures improved. In the event that the experience of different fields experiencing the impacts of mechanical development fills in as a guide, notwithstanding, foundation change is around the bend. 25. How Dangerous Is It to Be Gig Worker? How dangerous is it to be a gig worker in America? 26. TODAY: Spotify 💚 Social · Y FB 💸 $400M on Giphy · Uber & Ryanair Cut Jobs I read the news so you don't have to: Spotify has launched a co-listening product stream so that you can listen to the same song with anyone, anywhere, in-sync; big surprise: Facebook bought Giphy for the data; both Europe's budget airline Ryanair and Uber are laying off a bunch of people; and France and Germany are pushing for a $545bn coronavirus relief fund. 27. Roundup #11: "How I Evaded Sanctions and How You Can To" 12/01/2019 28. TLDR Newsletter Week of August 12th Highlights Sponsor: Scraper API's 5 Tips for Web Scraping 29. Over 50 U.S. Gig Workers Murdered on the Job in the Past Five Years A new study says more than 50 gig workers have been murdered in the U.S. over the past five years. 30. How Are Gig Workers Coping During the Crisis Workers fight for hazard pay, protective equipment, and better sick leave 31. Main Reasons To Vote “No” On Prop 22 Hi readers, today, I’m publishing a letter that I penned with Nate D’Anna, co-founder and co-CEO of Dumpling, about Prop 22 and the status of gig workers. 32. Getting A Job In Top Tech Companies During Pandemic Has Never Been Easier I secured 8 offers with Google, Robinhood, Airbnb, Uber, Tiktok, Microsoft, Scale, and Cloudflare. Then negotiated my way to multiple $300K offers. 33. How Many Days of Your Life Have You Spent in an Uber? I've spent 12 days in Ubers over the last 3 years. Read this to find your own lifetime Uber stats. 34. Uber Cool vs. Face Lyft Let us all admit it! We have always been thrilled by rivalries between two fitting competitors. We have seen it happen between Lionel Messi and Cristiano Ronaldo. We have seen it happen between Roger Federer and Rafael Nadal. The world of technology and business cannot be an exception to this pattern. When it comes to mobile devices and operating systems, it is Google versus Apple. When it comes to enterprise computing, Apple has always been at loggerheads with Microsoft. 35. How Did Uber Grow 4000% Through Their Referrals In India? When I say the word cab or ride-sharing, very often, the first word that pops up would either be Uber or in some cases Ola. Today I am going to tell you about how the former cemented itself such a prominent position in your mind. This is solidified by the fact that they have a presence in over 50 cities in India and carry out over 11 MILLION rides per WEEK! 36. Hacking The Future of the Gig Economy Today’s popular gig work consists of: Uber and Lyft, or other rideshare driving, freelance writing, food delivery through the likes of Postmates, Uber Eats, and DoorDash, side-job skilled labor and, errand running, and more. Although the high-demand of gig work has influenced the misconception of its age, you should know gig work has provided civilians with a flexible option in earning currency since 1915. Given the historical and economical changes in the availability of gig work, workers and brands are calling on the country’s legislature to change with the times. 37. 20 Brazen Tech Predictions For 2020 The future of technology is, by its very nature, hard to predict. This however shouldn’t stop us from trying because… well, it’s fun! I also seem to be fairly good at it, as my 2018 and 2019 predictions show. So what’s in store for us in 2020 ? Below are my thoughts on the matter. 38. Uber’s voice recording feature creates more problems than it fixes For those who don’t know, Uber has come out with a new initiative to install a voice recording feature on their application. This feature will allow both the driver and the passenger to agree on Uber’s app to gain access to each of their microphones and record the whole ride until it’s over. [39. Would You Trust a Rideshare With Your Kids? This Uber Competitor is Making Rideshare Safer.](https://hackernoon.com/would-you-trust-a-rideshare-with-your-kids-this-uber-competitor-is-making-rideshare-safer-do3rx380k) The headlines are grisly, and never seem to end. Riders get into an Uber or a Lyft and are suddenly met with violence, senseless tragedy, or predators.  Stepping into a rideshare is more dangerous than a lot of us wouldlike to admit. After all, it’s so easy to call one up from yourmobile phone. You just want to get home quickly at the end of the night.Sometimes you’re just too tired to think about the ‘what ifs’. 40. Airport Car Rental App: Booming Solutions For "Rent A Car" Startups The concept of ride-hailing on demand by using location assistance provided by GPS might look like a very recent innovation by Uber a little over a decade ago. Ride-hailing, as we all know, is not new. It has been in existence ever since the concept of taxes and transportation was introduced. However, ride-hailing was a cumbersome process involving telephonic coordination and a lot of uncertainties. 41. Uber and Lyft Drivers are Increasingly Victims of Carjacking The Markup confirmed 124 carjackings and attempted carjackings of ride-hail drivers across the country. Drivers say the companies are doing little to help. 42. Uber, Lyft, & Co. Spent $205M On Proposition 22: Here's What Men Can Do Against Such Reckless Hate Big Tech scored a major victory with the passage of Proposition 22, which exempts drivers in the gig economy from the protection of California’s employment laws 43. Top Features When Developing An On-Demand App Like Uber for Tutors There are already a number of "Uber for Tutors" apps available online. If you're thinking about building your own, here are the key attributes to consider. 44. How Technology Companies Have Reinvented Their Business Models During Pandemic Times The primary misunderstanding about business innovation, which leads to inaction is believing that reinventing or innovating your business starts from technical implementations. 45. A Much-Needed Truce Between Uber Drivers and Taxis In this slogging thread, we discussed the possibility of an agreement between Uber and taxi drivers in NYC. 46. Startup Stories: The 'Uber Success' of Uber How Uber became the world’s most valuable startup. 47. Top 4 Real-time Applications of Machine Learning in 2022 This article looks into the best machine learning applications in various industries and the real-life application of machine learning in detail. 48. How Top Tech Companies Deal With COVID-19 What measures Google, Uber, Microsoft, IBM, Slack and more apply due to coronavirus? Tweets from their employees included. 49. Wake Up and Smell These #TopTechStories 🍏 50. My Journey From MIT to Uber and Beyond! May 15th, 2020 was my last day at Uber. After nearly two years at the company, I decided to move back to India due to family obligations. The bittersweet moment marks the end of a notable chapter of my life — I started my career at Uber as an Associate Product Manager (APM). Now feels like the right time to sit back and reflect on the ride. 51. Uber Wants to be an Amazon Just like how Amazon is no longer about books, Uber is no longer about booking a car ride. 52. How Uber Uses AI to Improve Deliveries How can Uber deliver food and always arrive on time or a few minutes before? How do they match riders to drivers so that you can find a Uber? All that while also managing all the drivers?! always Thank you for checking out the 52 most read stories about Uber on HackerNoon. to find the most read stories about any technology. Visit the /Learn Repo

52 Stories To Learn About Uber

187 Stories To Learn About Microsoft

327 Stories To Learn About Leadership

Let's learn about via these 34 free stories. They are ordered by most time reading created on HackerNoon. Visit the to find the most read stories about any technology. Transportation /Learn Repo 1. Mass Transit In a Post COVID-19 World As I write this on April 18, 2020, there are over 156,000 global deaths due to COVID-19, which is actually a tiny percent, however, this disease is incredibly communicable and is still not well understood. 2. Hyperloop: A New Player in the Race for Better Transportation When you are running short of time, a long time-consuming journey may feel hectic to you. In such a situation, you may feel a need for transportation technology which can complete your long journey in just a matter of minutes. Hyperloop transportation technology can fulfill this desire. 3. 7 Reasons Why Your Automation Efforts Are Failing Right Now “Companies that failed to incorporate automation in their roadmap experienced a 25% drop in their customer retention,” concluded a survey by Gartner. 4. Uber Cool vs. Face Lyft Let us all admit it! We have always been thrilled by rivalries between two fitting competitors. We have seen it happen between Lionel Messi and Cristiano Ronaldo. We have seen it happen between Roger Federer and Rafael Nadal. The world of technology and business cannot be an exception to this pattern. When it comes to mobile devices and operating systems, it is Google versus Apple. When it comes to enterprise computing, Apple has always been at loggerheads with Microsoft. 5. Automation on the High Seas: AI-driven Cargo Ships Are Here to Stay With the world’s eyes set on automobile manufacturers like Elon Musk’s Tesla, it is easy to lose track of automation in other areas. Automated driving is set to revolutionize the way we move around within the next decade. This is certainly breaking news. The new form of transport promises to cut down traffic accidents and the number of fatalities on the road. It will get us from A to B in a safer, and in all likelihood, more timely manner. 6. Why co-location is the best way to mine bitcoin Since the recent Bitcoin halving event, most small and medium crypto miners have had to shut down their mining rigs. Simply put, it is not profitable to have a mining rig in your home at current market prices. However, there are some solutions to the issue. 7. How to Control your IoT Electric Scooter Fleet Remotely with SORACOM Napter [Part 3] 8. How IoT And Edge Computing Influence Various Industries From healthcare to lifestyle, everything is being influenced by emerging technologies like IoT and edge computing. Moreover, as data remains the foundation of today’s economy, businesses can use these emerging technologies to offer a more personalized experience to their customers. 9. 11 Lessons I Learned From Transforming a Product Organization Key takeaways from transforming a monolithic team into three autonomous squads and much more. 10. 2020 Was The Year Electric Vehicles Truly Arrived 2020: Year of the EV Launch 11. 5 Best Transportation Management Systems (TMS) in 2021/2022 Having a robust TMS adopted to your logistics business has become a staple. A sneak peek at the best ready-made TMS solutions in 2021. Check out fresh insights. 12. Using Data Science To Deal With RTOs Considering how much fraudulent RTOs can cost a business, using data science to mitigate their frequency can help save an e-commerce business money over time. 13. 4 Effective Ways Augmented Reality Solve Issues in Logistics Industry 14. Musk's Open-Source Hyperloop: Players in the Race to Create the First Originally conceived by Elon Musk in 2013, the Hyperloop has been touted as the fastest way to cross the surface of the Earth. Possibly one of the greatest leaps in transportation for generations, the concept promises to slash journey times between cities from several hours to a matter of minutes. On track to revolutionise our world, when can we expect the Hyperloop to become a reality and is it too good to be true? 15. Which Places Are Best Suited to Embrace the Electric Vehicles Movement? CA’s San Jose, LA, and San Francisco Among Top EV Hubs.  EV adoption is likely to expand to more cities  in the future 16. Will Social Distancing Regulations  Boost Taxi Booking Startups? In the past decade, mobile and internet technology has become more  accessible, which has changed the way of travelling. Ride hailing apps such Uber, Lyft or Grab  have  been preferred more by the riders to travel than other offline modes. 17. Recycled Ventures: How to Drive your Startup out of Stagnation Startups lose billions of dollars in VC funding every year, but they can still succeed by “recycling ventures." [18. Edge Computing Is So Fun - Part 2: The Future  Begins with The Road Side Unit](https://hackernoon.com/edge-computing-is-so-fun-part-2-the-future-begins-with-the-road-side-unit-4ls3wrp) This is the second in a series of articles on edge computing, delving into the infrastructure of outdoor edge computing, the emergence of the Roadside Unit as a common building block, a real-life example of the Roadside Unit, and the way forward. 19. [Interview] How Technology Is Reshaping Transportation: Trends and Challenges Why will more people switch to cars as their choice of transportation? When will all vehicles become self-driving? I had the opportunity to sit down and talk about these issues in greater detail with Alexander Sapov, the CEO of GetTransfer.com, one of the biggest airport-to-city transfer providers. 20. Mergers and Acquisitions: The Empire Strikes Again Another $1 billion M&A in the mapping space was hinted at today. Intel, the semiconductor giant will buy Moovit, the multimodal mobility as a service (Maas) platform. The rumors have caused some head shaking, smirking and muttering about those “ridiculous startup valuations”. 21. Asia Light Electric Vehicle Market Set to Reach USD 52.8 billion by 2024 The Asia light electric vechile market is predicted to grow at 7.0% CAGR during the forecast period with the market size reaching USD 52.8 billion by 2024. The market is driven by the factors such as technological advancements, government support, rapid urbanization and low maintenance requirements of these vehicles. [22. Edge Computing Is So Fun Part 3: Help Save The Planet With Smart Cities](https://hackernoon.com/edge-computing-is-so-fun-part-3-help-save-the-planet-with-smart-cities-n5143e85) Figure 1. Singapore was ranked №1 on the Institute for Management Development’s 2020 Smart City Index Report. Credit: International Case Studies of Smart Cities 23. How IoT is Transforming Transportation, Supply Chain, and Logistics In today’s connected world IoT can speed up the rate of delivery actions of vehicles used for logistics and transportation purposes. 24. Elon, I'm Bored [Part One] This Slogging thread by Arthur Tkachenko and Mónica Freitas occurred in slogging's official #random channel, and has been edited for readability. 25. IoT Electric Scooter Cloud Data Collection and Visualization with Soracom + Raspberry Pi [Part 2] 26. Uber CEO Interview, and the Advent of Self Driving Car Technology 27. The Story of Shuttle Planet, Early Traction, and a Bunch of Misfits "Keep going; don’t let fear stop you too much. Focus on the fact that every effect has a cause, find out what that cause is." 28. 12 Years of Blockchain: Where Are The Applications? There were a lot of talking about where and how blockchain is suitable. Attempting to stick the blockchain everywhere and to everything is a parody. 29. How Automatic Vehicle Location Improves Safety for School Buses Real-time communication has become an essential aspect of many industries, and transportation is no exception. With the rise of GPS tracking and internet-enabled devices, it has become easier to track vehicles and provide real-time updates to drivers and passengers. Aleksandr Ulanov, a senior software developer with extensive experience in Ruby development and real-time technologies, has been at the forefront of this development. In his recent work with 4mativ, he has developed a ground-breaking AVL platform that provides real-time updates on the location of school buses to parents and schools. In this interview, Aleksandr discusses the challenges he faced and the solutions he found in developing this platform, as well as the importance of real-time updates in the transportation industry. 30. A Complete Guide To Build A Transport Business From Scratch Transportation is among the very few industries that are part of a multi-trillion dollar range. So, it is definitely a very promising industry to start your business in. 31. Examples of AI Implementation in Transport AI is disrupting many industries, and its impact could be felt across the transport sector. The automotive industry has begun applying artificial intelligence in critical tasks such as self-driving cars, traffic management, etc. where safety and reliability is a major concern. Even though the technology is not being implemented on a wide scale, but it feels like the future of transportation is here. From Tesla’s Autonomous Semi Truck to self-organizing fleets, AI has shown promising results in this domain. 32. Building a Cellular-Connected IoT Electric Scooter w/ Soracom + Raspberry Pi in One Hour [Part 1] 33. How We Added Surge Pricing Capabilities to our IoT eScooter with AWS Lambda and SORACOM Funk This article also comes in video form! 34. Can You React Faster than a Self-Driving Car on 5G Networks? This article is about how self-driving cars and 5G will make roads safer for everyone. Thank you for checking out the 34 most read stories about Transportation on HackerNoon. to find the most read stories about any technology. Visit the /Learn Repo

34 Stories To Learn About Transportation

FOOTPRINTS OF COLONIZATION

GILBERT’S VOYAGES

One of the most talked-about topics in the cryptocurrency world this spring is GameFi. Not surprisingly, play-to-earn games are attracting a lot of investment, and even some cryptocurrency exchanges are opening GameFi divisions, such as FTX gaming. This time, an offshoot of P2E games called move-to-earn, where players can earn tokens by playing sports or running in real life, gained rapid popularity. The concept of games that encourage players to take their eyes off the computer and go outside is not new. Suffice it to recall the sensational augmented reality game Pokémon Go in 2016, in which players searched for cartoon characters on the streets of real cities, organized themselves into teams, and participated in battles. New move-to-earn projects operate on similar mechanics, with the difference that movement and activity bring real income. The most notable projects can be divided into game mechanics, where there are characters and a game scenario defined by the developers, and fitness applications that monetize a healthy lifestyle. The biggest hit in fitness apps is a game from Find Satoshi Labs called StepN.  It is an app where you can earn tokens just by going for a walk. We tested the application and it turned out that not everything is so simple. What is StepN? It is a game based on the Solana blockchain that tracks the user's running activity via GPS. Every time you run at a certain speed, the player earns the in-game currency – Green Satoshi Token (GST). To enter the challenge, you need to purchase NFT sneakers. Earned coins can be sold on the exchange or swapped in the application for Sol, the native token of the Solana network. How to join StepN and start monetizing steps First, you need to download the Apple or Google Store application, register, and enter the activation code. It can be difficult to get a code – the game developers control the growth of their audience and give out about 2000 codes per day. But you can catch it in the StepN communities in telegram or discord - runners that use the app for a week receive a code and sometimes share it on social networks. The popularity of the project attracted scammers – under the guise of a bot in Telegram, they ask users to follow the link and connect the wallet. Some send StepN followers an offer to help buy upgraded sneakers for them and then disappear with the money. And several phishing sites of the project were found on the network, which steals the seed phrases of users' wallets. Users need to check the name of the site and not respond to any dubious offers in instant messengers. After registration, you need to choose sneakers from the marketplace The StepN app has a marketplace with different sneakers in the form of non-fungible tokens (NFTs). All sneakers differ in appearance, performance, and rarity. There are 4 types of NFT sneakers – they differ in the speed with which you have to run: – walking shoes. The maximum speed for this species is 6 km/h. This is a normal walk. Walker – for lovers of easy jogging. For these shoes, you will need to keep the speed in the range of 4-10 km / h. Jogger – for advanced athletes who can run at a speed of 8-20 km / h. Runner – the user himself chooses how fast to run, but each time he earns a different number of tokens. Trainer These scores are randomly assigned to each token. For example, some running shoes will have a base performance score of 1 and some will have a base score of 5. Each pair of running shoes has a set of 4 properties: efficiency, luck, comfort, and resilience. Efficiency affects the earnings of the GST token – you need to pay attention to it first of all. Luck affects the ability to find something worthwhile in the mystery box drop-offs. In the current version of the game, the mechanics of contests have not been fully developed, so this parameter can not be upgraded. Comfort increases the earnings of the second game token GMT. However, for now, this indicator is only important for users who have level 30. Level-up sneakers are paid, so it’s hard for me to talk about the economic feasibility of upgrading this parameter, but this may change in future updates of the application. Resilience affects how long NFT sneakers do not require repair. After each run, a pair of resilience is taken away – the higher this indicator, the longer the sneakers will last and the cheaper the cost of repairs. There are five types: common, uncommon, rare, epic, and legendary. The rarer the sneaker, the higher the base level and the more points that can be spent on an upgrade, the user will receive. Another thing that distinguishes sneakers is their rarity. How to choose and buy sneakers Before choosing sneakers in the marketplace, you need to evaluate your strength. For example, starting with Runner without the habit of running can be difficult, and Walker will not bring enough athletic benefits. The second thing you need to pay attention to is the properties. On the marketplace, sneakers are sold by users, so NFTs might already be upgraded to a certain level and have a set of characteristics that the previous owner improved. In the current version of the game, it is better to choose those sneakers in which the indicators of basic efficiency and resilience are 12 or more. It does not matter how much their previous owner upgraded it, it is the basic characteristics that are important. The rarity of a shoe has its value and benefits the player, but the cheapest uncommon shoes start at $5,000. Therefore, the rarity level can be ignored if the budget is limited. To buy sneakers, you need to connect a Phantom crypto wallet. For security reasons, we advise you to create a new one inside the application. At the end of April, the minimum price of sneakers on the marketplace was about 12 Sol – around $1100. Game mechanics After the shoes are bought, you should not immediately go for a run. First, you need to accumulate energy. The game is designed in such a way that for each NFT sneaker, the user is given two units of energy, which equals 10 minutes of running. The energy scale is refilled by 0.5 units always at the same time: at 10 am, 4 pm, 10 pm, and 4 am. In order not to lose energy, it is better to choose the same range for training. For example, the full scale of energy is refilled at 10 am. You need to go for a run before 4 pm because exactly at this time the next refill occurs and if the scale is full, then the energy is not charged. When the scale is full, you can start training. The application fixes the position of the user through GPS, the signal strength of which is worse near high-rise buildings. Therefore, in order for it to measure the speed correctly, it is better to choose an open area for training, such as a park. As soon as the user presses the "start" button, the application will begin the countdown - the run has begun. You need to keep the set speed for the whole time, otherwise, you can lose up to 90% of your earnings. When the energy runs out, the earnings of tokens will stop. In the current version of the game, you should immediately end the training in the application, because if you continue to run it will reduce the durability of the sneakers. This is a bug that the developers of the application promise to fix, apparently in future versions there will be some additional benefits for long-distance lovers. After training, you can transfer the earned GST to your wallet, or you can upgrade the level of sneakers, which possibly increases earnings. There are different strategies for playing, but most advanced StepN users believe that the lowest level to which it is worth upgrading shoes is 9. StepN Perspectives: A Pyramid, or a Popular SocialFi App In short, the future will show. The mechanics of the game causes concern among many experts. When a lot of players earn money in a project, and only beginners bring money, it resembles a pyramid scheme. Yes, users spend money on sneakers, upgrades, and repairs - but is this enough to support the economy of the game. Another problem with the game is the high entry price. For comparison, in the popular play-to-earn project Axie Infinity, it is enough to buy three characters with a total cost of about $600 to start. Here, the minimum entry, as I wrote above, is at least twice as expensive, which moves it into a rank, not for the mass user. However, the app developers promise to publish an update in September, where users can rent out their sneakers - this may open StepN to a wider audience. However, it is too early to conclusions - the game has not demonstrated all its functions and perhaps the innovations will surprise users and motivate them enough to continue training and investing in the development of their account. The reaction of investors and the community looks positive. Sequoia Capital is the well-known venture capital fund invested in StepN tokens, and the project's listing on Binance was approved in a record 1.5 months. StepN has every chance of becoming a successful sports SocialFi startup, but we do not recommend investing money if you don’t want to lose it, because it is still possible. StepN is the most successful but not the one move-to-earn project on the market The second m2e project by the market capitalization is game. The most important difference from a StepN is that users can start playing according to the free-to-play model - without spending a cent. In Genopets, you can create your familiar character and upgrade it by completing tasks in the real world. Created familiars are NFTs that can be upgraded, customized, and then sold on the in-game's marketplace.** ** the Genopets is a blockchain health and fitness game that gives a chance to players earn rewards while running. Real-life runs, sprints, and dashes move players forward through the game's story. Players' physical performance is rewarded in the virtual world with digital items in the form of DOSE, an ERC20-based token. It can be used to upgrade characters and access additional features. The Dustland The project is a metaverse for freestyle football fans. Players can record their videos in the application, and a special algorithm will evaluate their skills. In the game, you can challenge freestylers from all over the world and earn Moov tokens in competitions. Football freestyle is not the only available sport in the game - dancing should be added to the application in the second quarter of 2022. dotmoovse The total market capitalization of move-to-earn concepts according to CoinGecko in April was $2.1 billion. Looking at the success of StepN, we can assume that we will see many new applications in 2022. This confirms the mood of investors - according to the head of Binance Labs, Bill Qian, projects like StepN, which are aimed at the gamification of physical activity, will attract more and more investments and users.

MOOV

moov.io

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Since 2018

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MOOV

moov.io

51-200 employees

Since 2018

COMPANY RANKING

MOOV

EVERGREEN INDEX #6422

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