Frequently Asked Questions

Teamco is a Move2Earn platform that connects users and brands. The concept revolves around users earning money through their physical activities, which are sponsored by brands. In return, users act as brand ambassadors and share branded content on their social media profiles. This unique approach transforms users into micro-influencers who promote the brands by sharing positive experiences

The Teamco platform operates by enabling users to select their favorite brands and join loyalty groups. Users can only choose one brand per industry to avoid conflicts (e.g., choosing either Samsung or Apple). Brands pay users for their physical activities, and users can also earn additional rewards by posting AI-generated personalized content on social media

Users can earn money on the Teamco platform primarily through physical activity. Engaging in physical exercise is a prerequisite for generating Teamcoin, the platform’s cryptocurrency. While social activities like posting branded content can increase earnings, they are not sufficient on their own. Thus, consistent physical activity is mandatory

Teamcoin is a cryptocurrency backed by a fiat guarantee fund. Users earn Teamcoin through physical and social activities. The value of Teamcoin is calculated as the total amount of fiat in the guarantee fund divided by the total number of Teamcoins in circulation

The value of Teamcoin is determined by dividing the total fiat in the guarantee fund by the total number of Teamcoins. For example, if there is $300 in the fund and 200 Teamcoins in circulation, the value of 1 Teamcoin would be $1.50

Teamcoins are generated under the mandatory fulfillment of three conditions:
1. Payment for Teamcoin generation.
2. User's social activity (like posting on social networks or participating in brand events).
3. User's physical activity.
Brands, influencers, and users themselves can initiate a Teamcoin generation task. Once a task is activated, the user has 24 hours to complete the maximum number of steps. For example, to earn 100% of possible Teamcoin, users need to take twice as many steps as the average user does.

Teamcoin's value grows as brands pay for social activities, adding money to a guarantee fund. Users generate Teamcoin by doing physical activities. To get the full amount of Teamcoin, a user must do twice the average physical activity. This system ensures that the money paid into the fund is always more than the value of Teamcoin created. As a result, the guarantee fund keeps growing, which leads to higher costs.

The exchange rate of Teamcoin is calculated based on the amount in the guarantee fund and the total number of Teamcoins. However, if the market value of Teamcoin on an exchange surpasses this calculated value, Teamco will only guarantee the exchange rate covered by the guarantee fund. Additionally, when users convert their Teamcoins to fiat money, an equivalent amount of Teamcoins is burned, ensuring that the total supply of Teamcoins decreases. This process helps bolster or increase the value of the remaining Teamcoins

On the Teamco platform, users can engage in various social activities, including:
1. Acting as brand ambassadors for up to 30 global brands and 20 local brands, ensuring no competing brands are chosen (for example, either Apple or Samsung, but not both).
2. Participating in competitions to earn mining opportunities for additional Teamcoins.
3. Joining the referral program to earn rewards for each new user registered via their referral link

Users can become brand ambassadors by selecting their favorite brands on the Teamco platform. As a brand ambassador, users represent the brand by sharing content about it on their social media profiles. This engagement not only promotes the brand but also allows users to earn rewards

The app is currently in beta test stage, so only manual publishing mode is available. In the future, Teamco will offer three modes of content publishing:
1. Manual mode: Users confirm each post, like or repost.
2. Semi-automatic mode: Users can set up automatic likes or reposts of content from specific brands.
3. Automatic mode: The platform's algorithms select and publish the most useful content on behalf of users.

Users can participate in competitions to earn opportunities for mining additional Teamcoins. Furthermore, they can take advantage of the referral program, where they earn rewards for every new user who registers through their referral link

Yes, while physical activity is a mandatory requirement for generating Teamcoin, engaging in social activities can significantly enhance earnings. By promoting brands, participating in events, and sharing content, users can earn additional Teamcoins on top of those earned through physical activities

Currently, Teamco focuses on tracking step counts as the primary form of physical activity. There are plans to expand tracking to include other activities such as running and cycling in the future

Teamco will be organizing three leagues for physical activity competitions:
Bronze League: An entry fee of 1 cent per day is required, and prizes are awarded to the top 60 participants out of 100.
Silver League: Entry fee is $1 per day, prizes are awarded to the top 50 out of 100 participants.
Gold League: Entry fee is $10 per day, prizes go to the top 40 out of 100 participants
There will be 20 levels in each league, the top 30% will move up a level. The higher the level, the higher the entry fee and the reward to the winners. Also brands will be able to organize their own competitive leagues, and compete among themselves with the help of users

Tournaments on Teamco will be organized by the platform, brands, influencers or users. Participation in such tournaments can be free or paid, and prize distribution is customizable

Yes! Users will be able to participate in P2P (peer-to-peer) competitions where they can challenge their friends or other users. The conditions of these competitions, as well as the distribution of prizes, will be customized according to users' preferences

Users will be able to set personal goals, which are called self-goals. By achieving their goals, users will be able to draw rewards for themselves or their friends, encouraging them to be more active

Yes, physical activity is a prerequisite for earning Teamcoins. Users must engage in physical activity to earn rewards, as social activity alone is not enough to earn money on the Teamco platform