A quick 3min read about today's crypto news!
With $5M In Backing This New Move-to-Earn Project Offers Instant Rewards Without Needing Sneakers – Here’s How It Works
Although Move-2-Earn (M2E) created a lot of buzz in 2022, with projects like STEPN gaining immense popularity in the Web3 community, the sector hasn’t seen the anticipated growth. However, an ambitious M2E start-up is determined to revolutionize the industry.
Initial excitement around the M2E concept promised a new dawn of fitness and health consciousness, motivated by a monetary reward system.
But STEPN’s original promise fizzled out as Web3 participants soon discovered the intensely transactional economics of the project meant that all too often, users were losing out.
And growth dried up quickly with STEPN’s expensive barrier to entry requiring new users to make an initial upfront investment in an NFT sneaker to the tune of a few thousand dollars.
This left Move-2-Earn in a poor state of affairs with market interest drawn away by flashy AI narratives and Chinese coin pumps.
But things seem to be changing as one M2E presale has skyrocketed as investors flock to back the next big evolution in M2E.
Meet: Fight Out ($FGHT)
Fight Out ($FGHT) is surging to become the biggest crypto presale of 2023 – with a jaw-dropping $5 million raised by the fastest-growing Play 2 Earn project.
🚨 $5M RAISED 🚨
— Fight Out (@FightOut_) March 2, 2023
Huge milestone reached, #FightOutCrew! 🔥
There's less than 1 month left until the #Presale ends, so don't miss out on your chance to get in early 👀⏰
Buy $FGHT now and claim your 67% bonus! ⬇️
👉 https://t.co/9pikKGRjSd#FightOut #Blockchain #Crypto #Web3 pic.twitter.com/HumFa0ANZI
Market interest is gravitating toward move-2-earn (M2E), and Fight Out is poised to win big in the aftermath of STEPN’s failed recovery rally.
Boasting impressive blockchain technology, Fight Out is able to track and reward all types of exercise as it pits you on a quest to become the ultimate fighter.
By deploying innovative metrics using your phone’s in-built inertial measurement unit, Fight Out can track your training on the punching bag, your powerlifting progress, and even your time spent dancing on a Friday night.
This flows into a secondary play-2-earn (P2E) ecosystem that pits users head-to-head in high-octane challenges, game modes, and competitions.
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 your 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.
As the avatar’s physique and stats level up based on your real-world achievements in the gym and the dojo.
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 Partner Elite Fighters Ahead of UFC 285
UFC 300 is approaching, and Fight Out are taking notice with betting to be opened soon using native $FGHT tokens. It is rumored that Fight Out will be offering a prize of $1,000,000 for the most accurate betting predictions.
And the Fight Out team is already betting on UFC 285!
Let's make a wager! #UFC285 👀
— Fight Out (@FightOut_) March 2, 2023
If @JonnyBones doesn't beat @ciryl_gane, we'll donate $500 to a French charity.
If you guess the round and how @ciryl_gane wins we'll send you $100 too. First come first served. pic.twitter.com/PFhChCzVpv
Big names in the fighting world are coming out to support the ambitious Web3 venture, with UFC fighters Amanda Ribas and Taila Santos already onboarded as ambassadors. More UFC ambassadors will be announced in March.
And this isn’t limited to the world of MMA, as Champion Boxer Savannah Marshall joins the project to lead Ambassador challenges and contests.
Users can undertake ambassador-set challenges and participate in on-demand video classes centered on Strength and Conditioning, Cardio, Technique, and Mobility. Even offering the chance to go head to head against your heroes – in a Soulbound stat battle – could you train to beat them?
Fight Out Referral Program
Join the Fight Out presale and become an affiliate to earn exclusive rewards for referring your friends!
— Fight Out (@FightOut_) February 27, 2023
Connect your wallet on our website to get your custom link! 🔥
The future of #PlayToEarn is here! 👊⚡️https://t.co/9pikKGRjSd pic.twitter.com/TTr3QDbbWH
The Fight Out team recently 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 Sets Stage For CEX Launches
The knockout funding round has seen Fight Out raise $5m from early backers. To encourage early token purchases, the price of the token increases every 12 hours.
$FGHT is currently priced at $0.0202 and the exchange listing price is expected to be $0.0333.
Fight Out will be listed on the following seven exchanges: LBank, XT.com, BKEX, Changelly Pro, BitForex, DigiFinex, and Uniswap.
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
A quick 3min read about today's crypto news!
