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COINTURK NEWS > Binance > Binance Labs Announces New Investment in Fitness App
Binance

Binance Labs Announces New Investment in Fitness App

In Brief

  • Binance Labs invested in Moonwalk Fitness, a gamified fitness app.

  • The app encourages users to achieve fitness goals using cryptocurrency staking.

  • This investment signals renewed interest in fitness projects within the crypto space.

Ömer Ergin
Ömer Ergin 8 months ago
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Binance‘s investment arm, Binance Labs, has just announced its latest investment. In recent months, Binance Labs has invested in numerous projects, and interest is expected to increase in the coming period, in direct proportion to growth potential. The question arises: which cryptocurrency project received the latest investment?

Binance’s New Investment

Binance‘s early investment strategies often signal the emergence of significant cryptocurrencies in the future. Many tokens currently traded on exchanges have seen significant profits from early investments made by Binance. Other investors following these trends also have opportunities to invest early in these projects.

During the last bull season, projects that rewarded users for engaging in fitness activities became popular. Today, Binance announced an investment in a venture called Moonwalk Fitness, stating that:

“The application offers gamified fitness challenges beneficial for users to stay healthy in the real world.”

Moonwalk Fitness encourages users to reach their daily step goals by staking USDC, SOL, or BONK. To win, users must either meet their team’s step targets or keep pace with the leader’s highest completed days. Failing to do so results in losing a portion of their stakes, which are then redistributed among the winners.”

This indicates a resurgence of popular fitness applications on the Solana $141 network.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 24 October, 2024 - 7:21 pm 24 October, 2024 - 7:21 pm
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