Why Combat Sport Not STEPN Is The New Spin On Move-to-Earn Crypto Thanks to Fight Out – Find Out More
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The move-to-earn space’s biggest project STEPN enjoyed a huge surge on Monday as investors pushed its price up more than 30% to a 24hr high of $0.34.
Trading volume also increased by 100% and while there was a slight correction, GMT is still over $0.31 – it’s best price in almost a month.
However, the token has still had hugely disappointing performance in recent months and remains more than 90% down from its April 2022 all-time high, when it reached almost $4 with a market cap of $2.5 billion.
Now, there is a new contender on the block that is seeking to knock STEPN off the top spot and become the best M2E project in the space.
That project is Fight Out, which has ambitious plans to develop a fitness app and build real-world gyms – as well as avoid some of the pitfalls that have plagued the STEPN community.
Unlike STEPN, the Fight Out rewards system will track more than just steps and it will not require any expensive NFTs to earn or multiple rewards, instead working with a traditional system of gym membership and app subscription.
How Does Fight Out Work?
Fight Out will use smart technology to build up a full digital fitness profile that tailors individual workout regimes to each user.
Movement, key effort indicators and even sleep and nutrition will be taken into account to build the digital profile, while the regimes take a holistic approach – not just providing strength and conditioning exercises but also taking into account wellness and mental health.
In the Fight Out app, a user’s fitness profile is represented by a soulbound NFT avatar, which means it cannot be sold or traded. Users earn REPS – an in-app-only currency that exists off-chain – by completing workouts at home or in the gym, with REPS used to get discounts off app subscriptions and gym membership, book personal training sessions or purchase apparel, equipment and supplements.
Furthermore, the app adds a metaverse element to the project, with users able to pit their digital selves against each other to earn more REPS in daily, weekly and monthly challenges.
The app is just one part of the ecosystem, however, with Fight Out harboring huge plans to have the grand opening of its first real-world gym by the end of 2023 – the gyms will act as community hubs and will be built in key locations around the world.
They will also be packed with Web3 features including sensors that track workouts to ensure REPS are properly earned and ‘mirrors’ that show a digital profile while individuals workout.
Locations for the first gym are already being looked at by the project’s developers – who are doxxed and KYC-verified and have long experience in the combat sports world and app development.
Fight Out has also announced four world-class athletes have already joined the project to act as ambassadors, not only to help market the project but to provide exclusive content such as masterclass-style training regimes and behind-the-scenes footage to training camps.
Former world boxing champ Savannah Marshall, who is likely to face Claressa Shields in a rematch of the most-watched women’s boxing match ever, UFC title contender Taila Santos, who controversially lost to flyweight champ Valentina Shevchenko last summer, UFC star Amanda Ribas and American Ninja Warrior Tremayne Dortch have all joined the project.
FGHT Token Presale and Tokenomics
While REPS are in the in-app currency and rewards system, they have no value outside of the ecosystem.
FGHT, a taxless ERC-20 token, underpins the ecosystem and will be used to fund the project’s development and the building of their real-world gyms, as well as purchase REPS for a discount.
Now in the first stage of a presale and on sale for $0.0166, investors are rushing to secure their tokens to take advantage of two huge offers and maximize their token holdings – the presale has already secured nearly $3 million since going live.
Early investors can earn up to 50% in bonus rewards during the first presale stage, depending on the purchase amount and the length of time they decide to lock their tokens.
Furthermore, when the first presale stage reaches its $5 million target, the price of FGHT tokens will increase every second to a max price of $0.0333 – an increase of 100% over the price today.
To earn the full max 50% bonus, investors must buy more than $50,000 of tokens and decide to lock them for the full 24 months – however, investors who do that will earn around 4.5 million FGHT, triple the amount of those who wait, where the same investment would land just 1.5 million FGHT tokens.
Four further membership schemes, which offer bonuses such as two-year free app membership and signed merchandise, are also available.
As mentioned above, the developing team is doxxed and have been KYC verified by CoinSniper, while the FGHT token smart contract has been fully audited by leading blockchain security firm Certik.
Fight Out has also outlined how presale funds will be spent, with 70% will be used to fund venue acquisition and refurbishment,18% on marketing & partnerships and 12% on product development.
There is a max supply of 10 billion FGHT, with 60% allocated for the presale, 30% on rewards and bonuses and the final 10% for exchange liquidity.
Interested investors should read through our guide on how to buy FGHT tokens during the presale.
More information can be found in the Fight Out whitepaper, while the Telegram group has the latest news from the project.
