MagicShoes is a move-to-earn lifestyle app that looks like a duplicate of STEPN, with pretty much the same metrics - 'wearable' shoes that are used for mining tokens, and different rarities providing different 'powers' for mining. I do not see any differences between MagicShoes and STEPN at all, and it seems like the project is targetted towards those that 'missed out' on the STEPN hype and pump, and are trying to bring in the next market of retail investors as exit liquidity, only planning to benefit the founders of the project from their free tokens.
While I like the fact that they operate on a dual token system for utility and governance respectively, I do not see how the tokens are split. The whitepaper states that MCT (governance token) can be used to make payments within the NFT marketplace - wouldn't that fall into a utility token function instead of governance?
Overall, I would stay away from the project and stick to better known M2E fields such as STEPN, as there are basically no differences between the two. You could even look into SWEAT Economy if you're looking into M2E platforms without having to fork initial cash for purchasing NFTs. Show Less
