What is LootGO?

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LootGO is a free to play crypto app which embraces walk-to-earn gameplay and rewards users with memecoins for their IRL activity. In addition to earning memecoins and growing your LootGO portfolio, they have an embedded wallet and fiat onramp.

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Loot boxes reward players with Gems, Tickets and other prizes. Rewards are boosted with unique daily and weekly challenges. LootGo is built on the Monad blockchain and provides players VIP access to the rest of the ecosystem with sponsorship prizes.

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Most onchain games and apps are pay-to-play and require an upfront payment, creating a high barrier for newcomers.

LootGO removes this barrier by letting users “walk to earn” memecoins for free—just like Pokémon GO but collecting memecoins—so they can effortlessly build their crypto portfolio as part of their daily routine.

LootGO

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How does LootGO work?

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Upon opening the LootGo app, players will see lootboxes randomly distributed around them. There are two primary methods of earning the lootboxes:

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• Walk to the location on the map and claim the lootbox

• Walk 1000 steps and earn 1 lootbox

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Lootboxes contain Gems, Tickets, memecoins and other sponsored prizes.

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LootGO doesn’t depend on one coin’s price because we curate multiple memecoins (and project tokens) - that diversification also creates strong retention through daily habits.

LootGO

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What are LootGO lootboxes?

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Walking to discover lootboxes will earn you Gems, Tickets, memecoins and other sponsored prizes.
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Gems

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Gems are primarily earned by walking and discovering loot boxes. There are several ways to boost Gems rewards such as Daily Rewards and Weekly Pools.

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Tickets

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Gems are exchanged for tickets and entered into the Sponsored Reward Pools. Tickets can also be found in loot boxes, earned with invite referrals and other sponsored events.

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• 1000 gems = $0.1 (redeemable)

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Daily Rewards

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Daily Rewards are a gamified experience where users choose a card which awards varying levels of Gems. After watching a sponsored ad the Gems are added to your account.

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• Players can also wager Gems for the chance at receive a larger amount with an additional draw.

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Sponsored Prizes

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Many rewards are sponsored by partners of LootGO. The rewards include include memecoins, whitelists/early access spots, NFTs and other prizes.

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How do I start using LootGO?

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LootGO will have three distinct entry levels. Visit lootgo.app and sign up for the waiting list with an email address.

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• ‍First Cohort: A small, exclusive group of users will receive access via Apple TestFlight link and invite code.

• ‍Second Cohort: Larger group of users with TestFlight and Google Play.

• ‍Subsequent Cohort: Additional waitlist users will gain access via TestFlight/GooglePlay or the App Stores, depending on timing.

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What is Monad?

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Monad is one of the newest L1 blockchains aligned with EVM (Ethereum Virtual Machine) to scale transaction speeds and lower costs.

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Although Monad is a completely new L1 blockchain it has built in full compatibility with current EVM (Ethereum Virtual Machine) standards along with the Ethereum RPC API which will enable developers to easily adopt their existing work to Monad.

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100+ established Ethereum platforms have already pledged their support to align with Monad once it reaches Mainnet status

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What is a memecoin?

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Meme coins are a type of cryptocurrency that are created as a joke or based on an internet meme rather than a serious project with specific goals or utility.

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Dogecoin is the most famous example of a meme coin but there are thousands of others, with new ones such as dogwifhat rising in prominence each crypto cycle.

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Learn more about Backpack

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Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Backpack. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Backpack is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice.