From Fitness to Finance: This New Move-to-Earn Crypto is Revolutionizing the Industry – Time to Buy?
With $5.34m raised in the soon-to-end Fight Out presale, this ground-breaking Move-2-Earn platform could become the biggest Web3 launch of the year.
In 2022, the Web3 industry had high hopes for the move-2-earn (M2E) sector, with many innovative projects like STEPN aiming to integrate reward systems into fitness training.
However, despite these ambitions, the sector struggled to gain initial traction. M2E growth was limited by unsustainable economic models, costly barriers to entry, and one-dimensional projects that failed to gain a foothold in the market.
Fight Out was founded on the premise that M2E doesn't have to be this way.
It was built with the ethos of creating an accessible platform for the gamification of fitness that can simultaneously help users progress both their health and finances.
With a user-centric platform designed to accompany users on a journey to elite fighter fitness, Fight Out boasts a rich ecosystem of challenges, stat training, sports betting, and in-person perks.
How does Fight Out ($FGHT) Work?
Users' progress is tracked and rewarded using a blockchain-powered app that measures innovative metrics recorded by your phone's in-built inertial measurement unit (IMU).
This is similar to STEPN insofar as utilizing IMU data to track activity but offers a massive advancement on STEPN's one-dimensional pedometer monitoring.
Fight Out has developed a multi-dimensional system that can track and reward all types of workouts. From your time spent honing your boxing skills on the heavy bag to your time spent in the BJJ dojo, even your progress lifting in the gym.
Progress is monitored, and this levels up the users' in-app stats in real time while rewarding user activity in $REPS tokens (similar to STEPN $GST).
A user's stats are a live depiction of the user's progress toward becoming an elite-level fighter.
This flows into a secondary play-2-earn (P2E) ecosystem that sits atop the M2E technology in order to gamify a user's fitness regime.
Fight Out pits users head-to-head in high-octane workout challenges, competitions, and mini-games. All of which offer high-stakes $FGHT rewards.
Users compete using their ‘Soulbound’ NFT avatars. Soulbound means that the NFT cannot be resold and will be a permanent representation of the user’s progress.
This is a big break away from an M2E sector that has all too often put up expensive barriers to entry, such as sneaker minting to the tune of $2,000. The Soulbound avatar enables users to hit the ground running, with no start-up cost, meaning earnings are based on your achievements, not the depth of your pockets.
With deep-seated character creation and customization, these NFT avatars become the digital embodiment of your hard work and progress.
How Will $FGHT token work?
Achievements reward the user with $REPS tokens, redeemable for platform native $FGHT tokens.
$FGHT can be accumulated, traded, or spent on in-app goods and other services, such as purchasing stylish NFT goods in the Fight Out marketplace.
This gamification of training is set to unlock a fitness revolution for a generation challenged by inactivity, with Fight Out designed to leverage psychological motivation to keep you focused on your regime.
By building out a community ecosystem, Fight Out is able to develop a social space that becomes center stage for high-stakes tournaments to win $REPS.
Fight Out Referral Program
The Fight Out team has announced the launch of a lucrative referral promo link program. This gives users the ability to receive a 5% commission for signing up their friends.
All users need to do is go to the Fight Out homepage, connect a valid crypto wallet, and then click on the 5% referral link button.
At this point, a unique referral link will be generated to earn you commission. Share the link with friends and family or post it to your social media.
This means every time someone buys the $FGHT token – you receive 5% of the purchase amount.
Fight Out $5m Presale Set To End Ahead of CEX Launches
Fight Out's revolutionary offering is poised to completely shake up the M2E sector.
It is no wonder that the $FGHT presale has seen skyrocket funding with more than $5.3m invested in just weeks.
To encourage early token purchases, the price of the token increases every seven days (next raise to $0.0285 USDT).
The next price increase is in 12 hours with CEX listings set to begin at a significant premium in just weeks.
$FGHT is currently priced at $0.0261 and the exchange listing price is expected to be $0.0333.
Early backers are able to purchase $FGHT in the presale using both fiat and USDT and are currently able to collect an upto 67% presale bonus.
Fight Out will be listed on the following seven exchanges: LBank, XT.com, BKEX, Changelly Pro, BitForex, DigiFinex, and Uniswap.
CEX listings are expected to start in April.
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.