Autor Cointelegraph By Gabriella Modderman

Play-to-Earn vs. Move-to-Earn explained

Examples of move-to-earn games are STEPN, Sweatcoin and MetaGym. As the move-to-earn industry is getting bigger and hotter, it’s time to make you familiar with some of the M2E games. The most well-known example of M2E is probably the Solana-based move-to-earn project STEPN (GMT).  STEPN is a Web3 lifestyle app with integrated SocialFi and GameFi functions. The project is born to make users healthier and wealthier by putting each foot in front of the other. Founders are really aiming to be the number one M2E project in the Metaverse space and even won the Solana Ignition Hackathon in 2021.  If users want to start using STEPN, they need to invest in a pair of STEPN sneakers by buying an NFT. When you accomplish the first step, it’s important to move and track your steps with GPS. The earned in-game valuta can be exchanged for crypto later on.  The second project is kinda similar to the first one: Sweatcoin. Users earn their coins by running, walking and most of all: sweating. Every 1000 steps you take will get you a reward in SWEAT, the platform’s native currency.  With their slogan, “It pays to walk,” they want to decrease the billions of dollars of cost in healthcare by making people healthier. Users can exchange the rewards they earned for products, make a donation or convert them into a currency of their choice.  The last example of the M2E projects is MetaGym. MetaGym is easy to join with the possibility to earn money while moving your body through an app and even a smart-watch application. Users get to utilize GameFi, FitFi and SleepFi functions while making themselves sweat to earn MetaGym Coin (MGCN), the platform’s own token.  MetaGym wants to help the world become a healthier place, but they’re not afraid to give you the chance to earn some money while doing it. Users earn cryptocurrencies while completing tasks like finishing cardio or strength training or getting some satisfying sleep.

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What is an Iceberg order and how to use it?

An iceberg trade is most often executed by large institutional investors.  Iceberg orders, also known as reverse orders, are mostly used by market makers, which is another word for an individual or firm who is providing offers and bids. When it comes to such big crypto transactions, we mostly talk about institutional crypto investors. They often trade in big amounts of cryptocurrencies, which may have a huge impact on the market. As a watcher, it’s possible to look up the order in the order books, but only a small part of the market maker iceberg orders is visible on level-2 order books. Level-2 order books, in the crypto world, contain all bids and asks on an exchange including price, volume and timestamp — real-time data collection it is.  They call it the tip of the iceberg for a reason: The rest of the order is “under the water’s surface.” For smaller investors like private traders, placing an iceberg order is unusual.

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Who accepts Bitcoin as payment?

This is a list of some of the biggest places that accept Bitcoin, such as Microsoft and Whole Foods.  First, we’re going to take a look at businesses that accept Bitcoin. There are some early adopters, but most of them recently started to accept payments using this digital currency. These major companies are the ones where you can pay via Bitcoin: Microsoft Microsoft is one of the early adopters of BTC, as they started accepting payments with Bitcoin in 2014. Users could buy games and applications with digital currencies, but digital coins were far from usual back then, so Microsoft stopped accepting BTC in 2016 and once again in 2018 due to high volatility. We’re eight years into the future, and now it’s way more usual and trustworthy to pay with digital currencies, like Bitcoin. Home Depot Among the stores that accept Bitcoin is one of the largest hardware store chains in the United States, Home Depot. Customers can pay in the most well-known digital currency, but the currency gets converted into U.S. dollars immediately, as Home Depot only wants USD on their balance sheets. This means that you can build and rebuild your whole home as a customer while only spending Bitcoin.  Twitch Streaming video platform Twitch also started accepting payments in Bitcoin in 2014, but they silently stopped in 2019. Although there are a lot of pros to using BTC as a payment method, it’s not stable enough for everyone. One year later, they brought the payment option back. Next to Bitcoin, this platform also accepts Ether (ETH) and less popular digital currencies like PAX, USDP and Binance USD (BUSD). Whole Foods Supermarkt company Whole Foods made it possible for clients to pay with Bitcoin, just like Home Depot. The technology behind the store concept converts digital coins directly into USD, with the same technology as the other Amazon companies. Whole Foods is not only accepting BTC as a payment method in their shop but also upgraded to the Spedn application so that users can buy food groceries by using Bitcoin and Litecoin (LTC), among others.  Gyft Gift Card Company Gyft enables users to buy, send and redeem their online gift cards for retailers and platforms like Starbucks, Amazon and Sony Playstation. As a user, you can execute every transaction with Bitcoin and all of that without any additional fees. When you’re on the site, it’s as easy as it gets. You choose the desired gift card, select BTC as the preferred payment method and then use your crypto wallet to send the payment.  Benfica Popular sports brand Benfica, officially Sport Lisboa e Benfica, accepts Bitcoin payments from customers. Users can buy everything from merchandise to tickets for games and pay with their digital assets.  Fans can purchase their goods with BTC, Ether and the UTRUST token. By accepting cryptocurrencies as a payment method, they attract tech-savvy supporters and make it easy for them to buy sporting goods from abroad.  Save the children Save the Children is the biggest and first international NGO that started accepting donations in Bitcoin and other cryptocurrencies in 2013. With the slogan “HODLhope,” they strive for the right for kids to be healthy, educated and protected. Virgin Airlines Richard Branson, founder of Virgin Airlines, has always been an innovator, so no surprise there. His companies, Virgin Airlines and Virgin Mobile, make it possible for users to pay in Bitcoin. Besides that, users could even pay for space travel with this cryptocurrency.  Bitcoin and other digital currencies are often described as the finance of the future. To team up with the future of travel only seems logical. For 16 BTC, you can buy yourself a trip with Virgin Galactic, which will take you to an altitude of more than 50 miles.  Overstock Lastly, Overstock is one of the Bitcoin vendors that accepts the digital currency as a payment option and holds BTC. Overstock is a tech-driven online retailer that’s visualizing dream homes for all.  It’s the fifth year in a row that this big e-commerce player accepts not only Bitcoin but all cryptocurrencies including Ether, Litecoin, Dash (DASH) and Bitcoin Cash (BCH).  Wikipedia Another early starter is Wikimedia, the company behind the famous open-source encyclopedia Wikipedia. They also started to accept Bitcoin in 2014 to allow people to pay for donations. This would have been number two on this list, but after May 2022, they no longer accept cryptocurrency donations.  Wikimedia has several arguments like concerns about the environment, the risk of scams and the fact that only 0.08% of the total amount of donations was received in crypto. The company announced that they stop the crypto donations option for now, but will follow developments closely. As security and stability increase, there is the possibility that BTC will once again become an accepted form of payment.

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What is Sorare and how to play it?

Sorare is where fantasy soccer and cryptocurrency meet. For soccer fans, this is a way to be competitive off the field and invest heavily right away. Users can play the game online in their browser or download the Sorare app. In this article, you will read all about what exactly Sorare is and how it works.What is Sorare?Sorare is a blockchain-based fantasy soccer game adored by many soccer fans worldwide. The founders of the platform want to give fans the opportunity to develop and play the game, even when they can’t play it on the field. Users can buy, trade, sell and manage a virtual team with digital player cards.By competing against other users of this fantasy football game, you can earn points. It’s more than simply playing virtual tournaments because you need to build strategies and create lineups. The more you know about the real-life performances of your players, the more points you earn. The Ethereum-based platform was developed in 2018. In 2020, trading Sorare players cards were sold for $52,500 and in 2021, the prices went up to $3.6 million. How to play Sorare?Playing Sorare is something different than following the league on TV. As a manager, you can put together a virtual team — this Sorare beginners guide gives you a head start. The game’s core is the collectible digital cards, better known as nonfungible tokens (NFTs). When users sign up for the Sorare gameplay, they get five cards of players for free. Related: How to create an NFT: A guide to creating a nonfungible tokenUsers can start right away without investing any money. But, is Sorare free to play? Yes, it is, but if you want to level up your game, you can start trading. Each soccer team has five essential positions: the goalie, defender, midfielder, striker and substitute player. Users buy these player cards on the OpenSea NFT marketplace. Based on the real-time performances of the soccer players, your team is awarded a number of points within the SO5 league games. Users’ players compete every week in virtual tournaments, and based on their performances on the physical field points are awarded. Is a player punished with a red card or does the soccer player score a goal in real life? Then you win or lose points in the game accordingly. As a user, you’ll see this reflected in the number of points, in a positive or negative way. Keep in mind that luck is also an important factor because a top player can also be given a rest and be benched. Just when you had that player lined up in your team, too — bummer.To protect the dynamics of the game, there are also rare collectibles NFTs, which come in rare, unique and super rare items. Last February, professional footballer Erlin Haalands’ card was sold on auction for nearly $700,000, and you could’ve followed the sale live on Twitter. Sorare NFTs can be bought or sold with the cryptocurrency Ether (ETH). Should you invest in Sorare?The choice to invest in Sorare isn’t ours to tell, but we can inform you about the worth of the Sorare cards. In the end of 2021, the auction prices were as follows: Rare cards are available from 0.005 ETH;Super rare cards from 0.048 ETH;Unique cards started at 0.478 ETH.Directly on the website, you can track all trades and statistics so you are always aware of the value of your potential future cards. The play-to-earn game uses its own currency, the SOR token. It’s an ERC-20 token compatible with the Ethereum blockchain. As a user, you can stake this token or use it to trade your Sorare NFTs. When you choose to stake SOR, it’s possible to generate a passive income. However, the token is mainly used to buy new collectible cards. How to earn points on Sorare?There is a fierce debate on various forums about the value of player cards on Sorare, but the platform itself has simply made the point count public. You can find it under the FAQ on Sorare’s site. Players’ scores are made up of several elements, as mentioned in the image below:The decisive score can be either negative or positive due to different factors such as goals, penalties, red and yellow cards, own goals, missed opportunities and assists. The overall score is determined by a list of no less than forty actions including tackles, duels lost or won, a missed pass or an opportunity created. When users hold a card of a football captain, they receive a bonus in points of 20%. Do they trade in a player of the ongoing season, it’s worth +5%. How does Sorare work?You now know how the game is developed and why you could invest in this NFT fantasy soccer game. Signing up is easy, but we’ve created a step-by-step plan for you:The five cards you receive at registration are purchased with fictitious money. They, therefore, have no financial value and cannot be traded with ETH.Related: Decentralized finance (DeFi): A beginner’s guideIf you really want to play the fantasy football game and invest in some collectible cards, then you can begin with Sorare. Everything you buy with your own money is worth something and can be sold at a profit in the future. However, ensure to conduct proper research before committing your funds into any decentralized finance (DeFi) project.

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NFT scams: How to avoid becoming a victim

When you’re an active NFT trader, you can’t avoid all the scams in the world of nonfungible tokens. The most common NFT scams are phishing, counterfeit NFTs and pump-and-dumps.  The year 2021 was a breakthrough for nonfungible tokens (NFTs). But when something gets popular like decentralized finance (DeFi) and the newest version of the Web called Web3, there are also risks involved.  Follow the money is advice you don’t have to give hackers twice. Last year, hackers took home $14 billion from crypto-related hacks and still, cryptocurrency crime numbers have risen 79% — and the risk is not over yet. But how do NFT traders protect themselves from getting scammed? First of all, educate yourself. By understanding the most common NFT scams, you can get your tokens to safety.  The most important thing to note is that NFT pump-and-dumps are bad news. NFT scammers will use hollow-hearted information to jack up the floor price (representation of the lowest price for an item, updated in real-time) of an NFT of your interest. When they are successful in their tactics, they sell their items and leave others empty-handed. Also, a common trick is the technical support scam. When you’re a user of Telegram or Discord, you probably see the crypto scams happen right under your nose.  This phishing scam is not obvious at all. Scammers use fake pop-ups to link to normal-looking pages, such as your wallet. Or first-time buyers are struggling to get the deal done and they accept an offer to get help for investing in NFTs. The digitally disguised scammer asks for your personal information, which he uses to steal all your assets.  The third common NFT scam is no stranger in the world of intellectual property. Artists work hard on their original designs. It takes a lot of hours to establish an NFT collection so when they get copied by someone else, it’s like biting into a sour apple. The scammers take the artist’s work and turn it into an NFT. Buyers will believe they’re investing in an original artwork and place high-valued bids.

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