Dogs, among all domesticated animals, have been companions of humans for centuries. While they were initially used for hunting, they have gradually become regarded as friends or family members. The number of pet owners worldwide is increasing, and in Korea alone, there are a staggering 15 million pet owners.
As dog owners always have to take their dogs for a walk once a day, there is now a new NFT project that allows them to earn tokens while taking their dogs for a walk. It's called ‘Lootadog,’ a Web3 lifestyle app that incorporates GameFi elements.
Lootadog stands out for adopting the M2E (Move to Earn) model, where users can adopt their own NFT dogs and earn tokens based on the energy they consume during walks. Unlike traditional P2E (Play to Earn) games that require active gameplay for token mining, M2E allows users to mine tokens simply by walking.
For instance, if you walk a certain distance daily, such as during your commute, you can earn tokens by keeping the app open. This structure is quite common in the current landscape, with popular examples like STEPN, where various apps offer points that can be exchanged for different currencies.
Among the many M2E games available, Lootadog distinguishes itself in two significant ways. First, it allows free play. While other Web3 games also offer free play, it is often not entirely free. In order to mine tokens, players usually need to purchase NFTs.
For example, in STEPN, players must buy NFT sneakers to mine tokens. The amount of tokens that can be mined per hour varies depending on the grade of the sneakers, with higher-grade sneakers allowing players to earn more tokens in a shorter period. In other words, while the gameplay itself is free, an initial investment is required to engage in Web3 activities.
On the other hand, Lootadog provides users with their own NFT dogs for free upon initial access. Through these adorable little dogs, players can earn LADT, the game's token, and LADC, the governance token. Although these dogs are of the lowest grade, resulting in a smaller total energy capacity and fewer tokens earned per consumption, it is still advantageous that users can mine tokens without any additional investment.
Using Lootadog is straightforward, much like other M2E games. Users simply press the start button and walk. The app tracks walking speed and location in real-time using GPS and rewards users with tokens based on the distance walked and time spent. However, it's important to note that users need energy to earn tokens, and without energy, no rewards can be obtained even if they walk extensively.
As mentioned earlier, the dogs provided for free have low grades, meaning they have limited energy capacity and can only earn a small number of tokens. You can earn tokens while walking for about five minutes per 1 energy, but the max energy is just 2, so it’s consumed quite quickly. It takes quite a long time to recharge all of your energy, so users can simply enjoy walking as part of their daily routine without worrying too much about the tokens.
Alternatively, users can invest tokens to enhance their dogs' growth. With each level-up, users gain 4 points that can be invested in different attributes to increase mining efficiency. If a user manages to level up their dog to level 30, they can choose between LADT and LADC as a reward, so it is advisable to maximize level-ups to optimize the efficiency of walks.
Furthermore, reaching level 10 unlocks a special DOGPASS token called SBT (Soul Bound Token), which can only be owned by the player. SBT serves as a unique token within the Web3 ecosystem and can be utilized as a form of identification. Possessing DOGPASS provides various benefits within the Lootadog community, and it can also be used as proof of participation in future Web3 services.
The second notable feature of Lootadog is that it donates 10% of token rewards to the M&B PETCARE FOUNDATION. This foundation aims to improve animal welfare and rescue as many stray animals as possible. The donated funds are primarily used for purchasing animal supplies, providing medical services, finding new homes, and establishing animal service centers. While users may not directly feel the impact, it can be viewed as a social contribution since a portion of the naturally occurring fees is directed towards a meaningful cause.
Currently, Lootadog has the drawback of being an ongoing project without a fully established system and content. The core functions of M2E, such as walking, measurement, and rewards, are in place, but various NFTs and token listings are yet to be implemented.
Fortunately, the development team has already announced their 2023 roadmap. They plan to add more NFT dogs in the third quarter and list tokens on major exchanges in the fourth quarter. Additionally, they are preparing features such as a battle mode where users can compete with their NFT dogs and a product that rewards additional tokens when walking with a real dog using a leash-shaped device. Although immediate enjoyment may be limited, the ability to engage in free activities and accumulate tokens for future blockchain activities is a possibility.
Therefore, Lootadog is more suitable for those who are interested in blockchain but not necessarily looking for immediate profits. It provides a taste of NFT without requiring monetary investment, and with its clean interface, it can even be used as a simple walking app without focusing on the blockchain aspect.
Why not give Lootadog a try, where you can receive your own NFT dog for free, take walks for your health, and enjoy token mining?