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81% of Americans Would be Motivated to Exercise if they Got Crypto Earnings, Study Shows

81% of Americans would be encouraged to work out if they were to receive cryptocurrency rewards, according to a survey by fitness platform FitRated.

The study interviewed more than 1,000 people with distinctive investing experiences, body types, and backgrounds across the United States. It intended to gauge what would motivate people to exercise even in the metaverse.

Per the report:

“81% of people would be motivated to stay fit by earning cryptocurrency for exercising. 4 in 10 people would cancel their current gym for a fitness membership in the metaverse.”

In addition, 75% of Americans would be inclined to sign up for gym memberships using cryptocurrencies.

Bitcoin emerged as the most preferred

According to FitRated:

“Bitcoin was the number one most desired currency that people requested in exchange for working out.”

Respondents preferred crypto rewards in Bitcoin (BTC) at 72.8% followed by Ethereum at 35.5%. Dogecoin (DOGE) rewards capped the top three at 34.6%, thus showing an inclination towards memecoins.

When it came to the type of exercise that would be consistently done for a year in exchange for cryptocurrency gains, pushups, bench presses, and squats were the most desired at 45.9%, 44.9%, and 41%, respectively.

The study added:

“Evidently, cryptocurrency motivates the type of fitness that covers a lot of distance, i.e., walking (49.1%), cycling (47.2%), or running (39.3%).”

Interestingly, a previous survey by the National Bureau of Economic Research disclosed that money would not motivate people to hit the gym. Therefore, it seems cryptocurrency is changing this narrative.

Crypto rewards are emerging as a favored marketing tool in different quarters. For instance, fast-food chain Burger King revealed plans to give away cryptocurrency prizes to its customers through the Robinhood brokerage platform.

Nova Labs Partners with T-Mobile To Rollout Crypto-Powered 5G Service

Nova Labs, the company behind Helium network, a decentralized peer-to-peer (P2P) 5G wireless network that provides connectivity for random IoT devices, announced a five-year partnership deal with wireless carrier T-Mobile.

Based on the partnership, Nova Labs and T-Mobile will create a new 5G wireless service called Helium Mobile. The partnership will allow anyone subscribing to Helium Mobile to access Helium’s 5G network and T-Mobile’s wireless network throughout the US.

Helium Mobile will be a mobile virtual network operator (MVNO) service that offers two important economic differentiators from traditional services: plans will start at just $5 per month, and users can also optionally earn crypto token rewards for sharing data.

The Helium Mobile 5G wireless service is a big deal because it will allow users to opt into receiving the network’s MOBILE token rewards in exchange for providing anonymized data about their network usage. Boris Renski, co-founder and CEO of Nova Labs, said: “The service will treat such users as contributors, as the data will be used to monitor network quality and availability as it scales—but it’s purely optional.”

The Helium Mobile service will officially launch in the first quarter of 2023. Nova Labs said the service is designed with a bring-your-own-device (BYOD) approach in mind. The firm is working with smartphone makers to introduce “specialized, crypto-friendly cell phone devices that will be more efficient at validating network coverage and earning more Mobile token rewards for their users when compared to generic, BYOD phones.”

How Does It Work?

Although thousands of cryptocurrencies address a wide variety of use cases, relatively few are tapping into the new sector of the Internet of Things (IoT). Iota (MIOTA) is one of the most popular blockless platforms that connect devices with IoT. Helium also emerges as a blockchain-based project with the same use case but uses a different approach.

Helium is described as a blockchain-based network for IoT devices that uses nodes as Hotspots to connect wireless devices to the network. The Helium Token (the native cryptocurrency and protocol token of the Helium blockchain) powers the network and serves as a payout whenever Hotspots transfer connection data across the network.

Helium is working towards creating a reliable, decentralized, and global network for IoT devices that relies on the community of HNT holders. The network consists of nodes, i.e. Hotspots that are run by node operators (who are actually HNT holders). Hosting Hotspots and managing nodes, users are rewarded for participating in the network’s functionality.

At the time of writing, the price of Helium Token (HNT) was trading at US$4.36, down 0.98% for the last 24 hours, with a trading volume of $15.38 million, according to CoinMarketCap.

Binance's Bitcoin Halving Event Rewards Users for Crypto Knowledge

In light of the much-anticipated Bitcoin Halving event of 2024, Binance, a leading global cryptocurrency exchange, has announced an engaging educational initiative titled ‘Word of the Day Bitcoin Halving Special’. This program aims to enhance users’ understanding of Bitcoin’s evolution while offering the chance to earn Binance Points, which can be redeemed for various rewards.

Understanding Bitcoin Halving

Bitcoin Halving is a significant event that occurs approximately every four years, wherein the reward for mining Bitcoin transactions is cut in half. This mechanism effectively reduces the rate at which new bitcoins are created and is a key feature of Bitcoin’s economic model to combat inflation. The upcoming halving is expected to heighten interest in Bitcoin’s long-term value proposition.

How the WOTD Game Functions

The Word of the Day (WOTD) game is a word-guessing educational challenge designed to broaden users’ crypto vocabulary and keep them up-to-date with the latest market developments. During the activity period, running from March 11th to March 17th, 2024, Binance users can participate in two WOTD games daily. Those achieving a total of five correct answers within the week will share a pool of 500,000 Binance Points. These points are redeemable at the Rewards Hub for token vouchers and trading fee rebate vouchers.

Engagement and Accessibility

To incentivize participation and enable user engagement, the second WOTD game becomes available after sharing selected articles on social media platforms. The shared content must be clicked by a third party to unlock the subsequent game.

New User Incentives

Binance is also using this opportunity to welcome new users. Registrations made using the referral code ‘WOTD2024’ or via the provided referral link will receive a 10% discount on spot trading fees. Additionally, new users can qualify for extra welcome rewards by completing specific tasks within two weeks of account registration.

Terms and Conditions Applied

Binance has stipulated terms and conditions for the WOTD game, emphasizing that participation is subject to users’ agreement with these rules, as well as other Binance policies such as their Terms of Use and Privacy Policy. Distribution of Binance Points will occur within two weeks following the activity’s conclusion, with points expiring a year from the distribution month if not redeemed.

Educational Content and Support

Related readings for the week’s WOTD include educational articles on Bitcoin and its evolving technology. Binance’s initiative reflects the platform’s commitment to user education in the blockchain and cryptocurrency space.

A Note of Caution

Binance’s disclaimer reminds users that digital assets carry high market risk and price volatility. As with any investment, there is potential for loss, and users are urged to invest responsibly, bearing in mind their financial circumstances and risk tolerance.

Final Thoughts

Binance’s Bitcoin Halving Special underscores the exchange’s investment in user education and their continued efforts to provide a comprehensive, engaging, and rewarding experience. As the crypto community anticipates the next Bitcoin Halving event, programs like WOTD serve to enlighten and empower users in their crypto journey.

Binance Launches March Missions with 1 Million Points Giveaway

Binance’s “March Missions” incentivizes participation by offering a variety of point-based rewards. By completing designated missions, users can earn different amounts of Binance Points, ranging from 5 to 200 points per activity. Additionally, there is a shared pool of 200,000 Binance Points for eligible participants, distributed proportionally based on their activity within the event.

To participate, users must visit the Binance March Missions landing page, select the “Do it” button corresponding to the mission, and complete the required tasks within the activity period. The missions include referring new users, trading specific volumes on spot trading pairs, and engaging in P2P transactions.

Key Offerings and Missions

Binance has structured the March Missions to cater to a range of users, from those who are new to the platform to seasoned traders. The missions are designed to promote the platform’s diverse capabilities, such as spot market trading, margin trading, P2P transactions, and more.

Here are the core missions for the March event:

1. Refer a friend to Binance, ensuring they complete KYC, for two activity attempts.

2. Trade at least 500 USDT equivalent on any spot trading pairs for one activity attempt.

3. Trade at least 200 USDT equivalent on any BTC spot trading pairs for one activity attempt.

4. Execute a single P2P transaction of at least 200 USDT to unlock one activity attempt.

Reward Redemption and Conditions

Redeeming Binance Points is straightforward. Users can log in and select rewards from the Rewards Hub, where Binance Points can be exchanged for trading fee rebates and token vouchers. It’s important to note that Points expire one year from the month of distribution if not used.

To ensure fair play and adherence to the rules, Binance stipulates that each mission can only be completed once every 72 hours by each participant, and sub-accounts are not considered independent for this activity. The platform also reserves the right to disqualify any trades suspected of market manipulation or other prohibited activities.

Conclusion

Binance continues to push the envelope in providing value-added services to its users. The March Missions event is just one of the many ways the platform is innovating to keep the trading experience engaging and rewarding. As the crypto space evolves, Binance seems poised to maintain its leadership through user-focused initiatives and a robust offering of trading options.

TON Foundation Launches Open League with $115 Million in Community Rewards

The TON Foundation has officially announced the commencement of The Open League Season 1, a robust incentive program designed to foster growth and engagement within the TON blockchain ecosystem. Starting April 1st, the TON Foundation will distribute a staggering 30 million Toncoin to the community, roughly amounting to $115 million in value, in an innovative effort to integrate the Telegram user base with on-chain activities and to attract new Web3 projects.

The Open League’s pilot season showcased impressive results, with a 70% increase in Total Value Locked (TVL) and a 370% growth in daily active wallets, all within a mere two-week span. These figures underscore the potential impact of the full season of The Open League on the TON ecosystem and the broader cryptocurrency market.

The Open League is structured around four key systems designed to cater to different segments of the community:

The League: With a $5 million Toncoin prize pool, The League is a KPI competition where Web3 projects compete for a seasonal reward. The League features a Major and Minor division, with real-time leaderboards fostering a competitive environment.

Token Mining: Projects are encouraged to create viral token mining mechanisms that reward users, particularly newcomers or ‘n00bie normies,’ with free tokens through simple, user-friendly programs.

Quests & Airdrops: Aimed at ‘Degen Dabblers,’ this category offers $22 million in Toncoin for community members who engage with on-chain activities. Users can earn non-transferable Soul Bound Tokens by completing various quests, with airdrops providing spontaneous additional rewards.

Liquidity Pool Boosts: Targeting the more experienced segment of the community, or ‘CHADs,’ this initiative allocates $40 million in Toncoin to enhance liquidity pool rewards. Major League projects receive a substantial boost to attract liquidity providers, while Minor League projects also receive incentives.

The Open League aims to create a self-reinforcing “flywheel” effect, driving mass on-chain adoption and positioning TON as the go-to blockchain for consumer-facing applications. By leveraging the Telegram user base and providing a seamless transition from messaging app users to on-chain participants, the TON Foundation is making a bold statement about the accessibility of cryptocurrency.

The TON Foundation’s initiative comes at a time when the blockchain industry is seeking new ways to drive adoption and user engagement. By providing significant incentives and lowering barriers to entry, The Open League could serve as a template for other blockchain projects looking to expand their reach.

As an open invitation to Web3 projects from any blockchain, the TON Foundation is encouraging migrations to TON, offering a prime opportunity to tap into a massive user base and participate in Season 1 of The Open League.

The Open League Season 1 is more than just a competition; it represents a strategic move by the TON Foundation to demonstrate the practicality and scalability of a blockchain integrated with a popular social messaging platform like Telegram. As the season progresses, it will be critical to observe the reception from the community and the adaptation by new and existing projects within the TON ecosystem.

This initiative is a significant step toward the TON Foundation’s vision of putting crypto in every pocket and showcases the potential for blockchain technology to become more intuitive, rewarding, and widely accessible. As the season unfolds, the industry will be watching closely to see if this experiment can truly revolutionize the way we think about blockchain technology and its applications.

Binance Rewards Crypto Literacy with Bitcoin NFTs Knowledge Contest

In alignment with the upcoming 2024 Bitcoin Halving event, Binance, the world’s leading cryptocurrency exchange, has launched a unique educational campaign to boost crypto literacy, particularly focusing on Bitcoin Non-Fungible Tokens (NFTs). This initiative is part of Binance’s continued effort to encourage community engagement while educating users about the evolving cryptocurrency landscape.

A Dive Into Bitcoin NFTs Through Interactive Learning

The ‘Word of the Day’ (WOTD) campaign, announced by Binance, is an interactive game designed to test and improve users’ knowledge of Bitcoin NFTs. The campaign runs from March 25, 2024, to March 31, 2024, during which participants can earn Binance Points by playing the WOTD game. These points can be redeemed for rewards including USDT token vouchers and trading fee rebate vouchers.

Participation and New User Engagement

Participants can play two WOTD games daily, with a total of five correct answers across the Activity Period qualifying them to share the pool of 500,000 Binance Points. New users are also welcomed with open arms; those registering with the ‘WOTD2024’ referral code or through a specified referral link receive a 10% discount on spot trading fees, along with the chance to claim additional rewards within their first two weeks.

Future-Proofing Crypto Knowledge

This initiative is part of Binance’s broader strategy to future-proof its users against the complexities of the crypto market. By focusing on NFTs on the Bitcoin blockchain, Binance is shedding light on a relatively new and growing aspect of the digital asset world that blends the scarcity and uniqueness of NFTs with the security and ubiquity of Bitcoin.

Incentivizing Education

Binance’s approach to incentivizing education in the crypto sector speaks volumes about their commitment to user empowerment. By combining learning with potential financial rewards, Binance is making strides in demystifying the often complex world of cryptocurrencies. The gamification of learning is a strategic move aimed at fostering a knowledgeable and savvy trading community.

Terms and Fair Play

The Binance Points received from the WOTD game have a validity period and must be redeemed within a specified timeframe. Binance has also laid out terms and conditions to ensure fair play and has reserved the rights to amend the terms at any time. Participants are encouraged to play by the rules to maintain the integrity of the game and the platform.

Disclaimer and Conclusion

While Binance promotes these educational initiatives, they also caution users about the volatility and risk inherent in the crypto market. The platform advises users to invest wisely, acknowledging the importance of understanding the products and risks involved.

Binance’s crypto literacy campaign is not just a celebration of the Bitcoin Halving but also an important step in promoting informed participation in the crypto space.