Crypto Experts Believe This New Move-to-Earn Project is Better than STEPN and Sweatcoin – Here’s Why
The move-to-earn (M2E) cryptocurrency niche has been exploding in the last few years. Get rewarded financially for adopting a healthier, more active lifestyle – what a great idea! Crypto projects like STEPN and Sweatcoin, both of which reward users based on GPS-tracked movement and step counts, have already achieved a reasonable degree of mainstream success. Sweatcoin has 120 million registered users, according to its website. STEPN, meanwhile, maxed out at around 700,000 daily users back in May, but still remains popular.
But both platforms have a significant drawback. They are only focused on rewarding their users for movement and steps. That means users don’t accrue rewards for a whole host of other types of exercise, such as working out in the gym.
FightOut, the new kid in the crypto M2E niche is looking to change that.
FightOut – The Future of M2E
FightOut is a brand new web3 fitness application and gym chain that rewards its users for working out, completing challenges and competing within a first-of-its-kind fitness metaverse. The fitness-focused crypto ecosystem hopes to succeed where its older, more established competitors like STEPN have failed in appealing to a broader non-crypto native consumer base, thus driving web3 adoption through the medium of fitness.
FightOut seeks to combine the physical and web3 worlds. The project aims to eventually acquire gyms across all of the world’s major cities, whilst simultaneously promoting an integrated web3 fitness experience. At the center of FightOut’s digital ecosystem will be its smartphone application which, according to FightOut’s whitepaper, is scheduled for launch in Q2 2023.
The FightOut app will harness smartphone and wearable technology to measure and track physical performance. The app will have its own in-house tokenized economy, where users can earn rewards for completing M2E tasks, and can mint their own soul-bound token avatar, through which the user will be able to interact with the FightOut metaverse.
Why FightOut Stands Above Its Competitors
FightOut rectifies some of the weaknesses of existing competitors in the move/exercise-to-earn space such as STEPN that have held back the adoption of wider web3 M2E applications. Unlike STEPN, FightOut will track much more than just steps and velocity. Indeed, FightOut will be able to measure all forms of fitness activity through the use of smartphones and wearable tech, as well as in-gym sensors.
Meanwhile, FightOut lowers the barriers to participation for new users. Unlike STEPN, which requires its users to purchase expensive trainer NFTs to participate, FightOut users don’t face any expensive NFT buy-ins in order to participate.
FightOut’s ambassador program is another key unique selling point. The project plans to sign up pro combat athletes, as well as professionals from other sports, to promote the platform and interact with users via the FightOut metaverse, including via the provision of fitness programs and masterclasses.
The new M2E project also aims to provide users with a more holistic web3 experience. The FightOut ecosystem is built around encouraging users to work on upgrading their avatars. Users will navigate FightOut’s metaverse via their avatar, an experience that FightOut seeks to make social and motivational.
FightOut Has Huge Growth Potential – FGHT Tokens Available In Presale Now
Given that the health and fitness industry was estimated to be worth around $96 billion in 2022, as per Statista, FightOut’s potential growth prospects are huge. The project has just launched a pre-sale of its FGHT token, which will power its crypto ecosystem, and has already raised over $2.8 million, including a $1 million private sale a few days prior to the launch of the pre-sale. Tokens are currently selling for 60.06 per 1 USDT, but that price could soon go up, so interested investors are advised to get in quickly.
FightOut is looking to raise as much as $100 million from its token pre-sale, of which it plans to use around 70% on buying/refurbishing gym venues. FightOut offers users various on-ramps to purchase its FGHT token, including via credit/debit card, with ETH, or with USDT.
Why Buy FGHT?
FGHT is the token that powers the FightOut metaverse ecosystem. Users will pay to enter competitions and leagues with FGHT, and winning will be paid out in FGHT. FGHT can also be used in peer-to-peer fitness wagers.
FightOut will be a subscription-based service and users paying with FGHT will get a 25% discount. Meanwhile, when users purchase REPS, the FightOut app’s off-chain in-app currency, they will receive an additional 25%. FightOut’s REPS token will be used to purchase goods and services available within the FightOut application, such as fitness consultations with personal trainers and coaches, or for digital merchandise for their avatar.
Investors interested in getting their hands on some FGHT tokens should note that the pre-sale boasts a generous bonus reward program. Investors in the pre-sale will receive token bonuses of as much as 25% for investments depending on the length of the token vesting period they choose. The longer the vesting period, the bigger the rewards.
