DOSE Fitness Token Explained

Dose token explained

DOSE is an acronym for the chemicals you release when you exercise: dopamine, oxytocin, serotonin, and endorphin. It is also the name of the in-game currency for a gamified fitness-focused metaverse created by OliveX. The fitness ecosystem currently comprises several games such as 22 Pushups, Dustland Rider, and Dustland Runner with more to come. The paid-to-sweat approach is a rather unique approach, which has helped the project attract many prominent metaverse players as investors and partners including Animoca Brands, Yield Guild, The Sandbox, and Polygon.

How it works

OliveX has created several games, each offering a different exercise-based experience. Users earn the in-game currency DOSE for breaking a sweat, which can then be used to unlock items, purchase NFTs and participate in special events and game modes. Players who jump into the game early are especially valuable to the community and will find themselves with more opportunities to accelerate their progression.

The game 22 Pushups was launched in 2017 and it was the first big win for the OliveX production company. The app utilizes the smartphone’s light sensor to automatically count a user’s push-up exercises. The game is all about streaks: you unlock new features for every 5 days of consecutive push-ups with the goal being to continue doing push-ups for 22 days. The app also records your facial expressions when you do your pushups so you can upload and challenge other friends. While DOSE is the existing in-game currency of 22 Pushups, it is currently still separate from the DOSE ERC-20 token. In order to expand in the fitness metaverse, the team is planning to link the two together so that users can transfer their DOSE across different platforms – in a true open metaverse fashion.

Dustland Runner is the world’s first proof-of-workout audio game where going on runs in the real world progresses the narrative and gets you virtual rewards that you can use to upgrade and progress your adventure. It is built on top of the very popular Zombies Run! Game engine and online platform. The Dustland Runner game is designed to give you a full-body workout with real-world jogs, sprints, and dashes. The gamified health and fitness app already has an average 300,000 active users and 50,000 paid subscribers per month.

Dustland Rider is still in development and currently in Testflight mode on iOS. It combines SOL Cycling and DOSE to provide a cycling experience on the planet Mars. You can cycle at your own pace or ride your way through the SOL story, and as the full version is released users will have access to more terrains, routes, story missions and models.

The DOSE token

OliveX has capped the total supply of DOSE tokens at 5 billion, with 20% reserved for gameplay rewards, 10% for 22 Pushups, 10% for Dustland Rider, 15% for Dustland Runner, and the remainder is spread across company reserves, sales, and liquidity pools. The ERC-20 token was created using the Ethereum blockchain, and now boasts of increased scalability at lower costs, following the bridge to the Polygon Layer 2 solution.

As a relatively new project, the DOSE token has only started trading on open crypto markets since late 2021. Since then, it peaked in November 2021 at $0.4051, and is currently trading at about 80% below that price point – at $0.08276.

While it is generally expected that metaversal projects will dominate crypto markets for the remainder of the year 2022, it could be that fitness-focused projects take on a dynamic of their own. Ever since non-crypto industries started understanding the benefits of blockchain technology around 2017, many ideas have been floated that combined paid-to-exercise applications together with health insurance providers in a bid to promote healthier living. 

We haven’t seen any of those early ideas really work on a large scale yet, but perhaps now the timing is better than before. If we’re all going to be spending more time socializing and playing in the metaverse, well, then we also need to make sure that we are moving in the real world to stay healthy. If you can earn some in-game tokens while doing it, that will certainly add to the appeal of the metaverse as a space where we spend our time and energy.

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