0:00
Amazee is another move to earn project and here's a deep dive on how it works
0:04
Amazee is on the BNB smart chain which is similar to other move to earn projects like Steppen and Kelo
0:10
The sneakers on Amazee are inspired by bloggers and influencers, so this may result in very unique designs for the sneakers which is different from the other move to earn projects
0:19
You can either walk or jog to earn AMT tokens and you should be able to use different fitness tracking apps with Amazee
0:25
Amazie has multiple backers and partners which could be the ones that influence the sneaker designs
0:31
Quite a few of these partners seem to be from Russia and it is not really known what their role is with Amazie
0:36
There are 4 types of sneakers with their own speed ranges and these are similar to the sneaker types on Stepan
0:42
There are 4 types of attributes for a sneaker which is also very similar to the ones on Stepan
0:47
The abrasion indicator should equate to durability on Stepan and you will most likely need to repair your sneaker
0:53
after each walk or run. You will be able to use your GPS to check your activity and you should earn AMT tokens after each exercise
1:01
If you would like to make a profit from this app, you can swap your AMT tokens to BUSD, which is a stablecoin on the BNB smart chain
1:08
Amazee also has a dual token system which consists of AMT, the utility token and AZY, which is the governance token
1:16
The tokenomics is very similar to other games like Stepan, where they have both GST and GMT
1:22
You can either buy or rent your sneakers to start exercising and earning AMT tokens Amazee mentions that it will take a profit from activities like trading minting and renting In terms of the roadmap Amazee is still in its early stages and their white paper and
1:37
tokenomics have not been published yet. The most interesting feature is that Amazee will adapt the app for gym activities
1:44
This means that you should be able to earn AMT tokens by just going to the gym instead
1:48
of walking or running. The team is fully doxed and seems to be mainly from Russia
1:53
And the Maisie mentions that they have developed dozens of mobile games with over 2 billion installations
1:59
They also have multiple consultants, which seem to be rather credible. In terms of their socials, they seem to have already gathered quite a huge following, even
2:06
though they were only launched this year. However, their Medium page has not been regularly updated, and hopefully, they will be able to
2:13
provide more blog updates in the future. Similar to Steppen, they will also have an activation code system which will limit the
2:20
number of users on this app. The sneakers will be sold on the marketplace and BNB is the currency that is used to buy
2:26
and sell them. The renting feature will only be released in summer this year for users that own a sneaker
2:32
with a high level or rarity. Since the whitepaper and tokenomics have not been released yet, it is hard to determine
2:38
how good this project will be. At a first glance, this project seems to be very similar to other move-to-end projects
2:44
like Steppen or Kellogg. The main unique feature is that you are able to earn AMT tokens when you go to the gym
2:50
This is definitely one project to watch and I will be providing more updates in the future
2:55
In the meantime, you can check out some of the other Move to Earn projects in my playlist here
