What is a cryptocurrency wallet and why do you need one?
Put simply, a cryptocurrency wallet is a piece of software which is used to store and manage your cryptocurrencies and tokens, such as MGAS, MOIL, BNB and NFTs. They also allow you to interact with blockchain technologies.
Why do I need a cryptocurrency wallet to register an account on Moovy?
Moovy utilizes blockchain technology and therefore a wallet is required in order for you to be able to interact with this blockchain technology. Your wallet will securely authorise your access to the website and help you to keep track of any transactions that you perform.
It will also act as storage for any ERC-20 tokens that you have from Moovy, such as MOIL and MGAS, as well as NFTs that you own (ERC-1155).
For example, you might earn some MGAS via Moovy Play-and-Earn (Drive-and-Earn) features and will need a place to store it.
A cryptocurrency wallet provides you with true ownership of everything that you purchase, earn or win in Moovy. You will always have control and access to these virtual goods as long as you remain in control of your wallet.