The Move-to-Earn Crypto Market is Hot, and FightOut is Leading the Way – Here’s What You Need to Know
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
The FightOut (FGHT) presale has now raised over $2.17 million, barely a week after beginning. This total stands as a significant market endorsement for the Ethereum-based move-to-earn Web3 app, which will reward users for participating in workouts and leading a healthier lifestyle when it launches in Q2 2023.
With M2E platforms such as STEPN and Sweatcoin having a strong 2022, FightOut’s comprehensive range of features promises to put it at the forefront of a rapidly growing sub-sector. And once its presale ends next year and its FGHT token lists on exchanges, it also promises to help early investors make a market-beating profit.
The Move-to-Earn Crypto Market is Hot, and FightOut is Leading the Way – Here’s What You Need to Know
While major tokens such as Bitcoin and Ethereum have recorded overall losses in 2022, move-to-earn tokens such as STEPN (GMT) and Sweatcoin (SWEAT) have actually gained since launching this year. According to CoinGecko, GMT is up by 196% since launching in March and SWEAT is up by 46% since listing in September, even with the downturn the wider market has seen.
In other words, move-to-earn represents one of the most promising new areas in crypto, and it’s precisely into this area that FightOut has emerged.
What’s most exciting about FightOut is that, rather than just rewarding steps taken in the manner of STEPN, it will reward its users for participating in a much wider range of activities and workouts.
https://www.twitter.com/FightOut_/status/1604174636052267009Due to go live in the second quarter of 2023, FightOut will feature on-demand workout classes and live sessions, with workouts including weight training, mobility, yoga, meditation, boxing, and many more. These can be attended in-app or at local FightOut gyms, with FightOut planning to open up to 20 of its own gyms worldwide, while also affiliating with numerous pre-existing facilities.
Rewards will be distributed in the form of FightOut’s second native token, REP. Aside from paying for FightOut’s subscription fees (FGHT can also be used for this too), REP can be used to buy in-game items and remote workouts with trainers, giving both it and FGHT a strong use case that will help both to grow in value in parallel with the platform.
FightOut aims to provide its users with highly tailored and beneficial programs, including technique-focused courses. The first of these will be its boxing course, which will involve an in-app video series with elite-level coaches, with users learning the fundamentals before going on to earn attainment badges.
Just as impressively, FightOut will also offer a strong social element, enabling users to post their latest workouts and results, share news, follow each other, and post status updates. It also aims to open health bars, content studios and co-working spaces, something which should help its users develop a strong sense of community.
https://www.twitter.com/FightOut_/status/1604793876497195012Other features will include staking, limited edition NFTs, NFT-based user avatars, player-versus-player contests, and (eventually) its own metaverse. This shows just how ambitious its team are, with its range of features ensuring that it will offer more utility and value than pre-existing M2E platforms.
Investors can participate in the FightOut presale by visiting its official website and connecting their WalletConnect or MetaMask wallets. FGHT can then be purchased using either USDT or ETH, with the presale being allocated 60% of FGHT’s total maximum supply (which is capped at 10 billion).
As an added incentive, the sale is also currently offering bonuses of up to 50% for early investors, helping them to get their hands on extra FGHT before it lists.
Exchange Listings
In a sign of its potential popularity, FightOut already has over 35,000 followers on Twitter, despite opening an account only in October. This suggests that the market has taken to the platform in a meaningful way.
Based on earlier presales this year, the market could also help FGHT surge once it lists on exchanges. For instance, Lucky Block (LBLOCK) and Battle Infinity (IBAT) witnessed returns as high as 6,000% and 3000% compared to initial presale prices of $0.00015, and while FGHT may not replicate such performance, its fundamentals are at least as strong as these two coins.
Indeed, with plans to reward users for leading fitter, healthier lifestyles, FightOut has all the makings of a successful platform, one which has emerged at just the right place and the right time.
