FightOut is a new move-to-earn project that was only released this week. However, the project is garnering much attention across the cryptocurrency sector, given that the presale has already raised more than $2.11 million. The health and fitness platform seeks to provide a unique approach to M2E.
FGHT token presale raises nearly $3M
FGHT is the native token for the FightOut M2E platform. The token is selling at $0.01665002 each, or 1 USDT = 60.06 FGHT tokens. Moreover, there is no minimum or a maximum number of tokens that an investor can buy, meaning that one can buy as many tokens as they want to.
The investors that are buying now are enjoying bonus tokens depending on the number of tokens they buy and the vesting period they select. The top-level bonus is 50%, ending after the presale raises $5 million. Therefore, investors are rushing to accumulate the presale tokens before this bonus ends.
FightOut will be a subscription service that will use two tokens known as FGHT and REPS. This will provide utility for the FGHT token, as those that purchase subscriptions using the FGHT tokens will be eligible for a 25% discount.
The rewards earned by users on the platform will be in the form of REPS. Users can buy more REPS tokens using FGHT, which adds to the token’s utility. This offering explains why the FGHT presale is garnering much attention and why it could end soon.
Bringing fitness to the Web3 sector
Besides FGHT being a utility token, it is also behind one of the projects with the most robust fundamentals. The M2E industry has grown significantly over the years. The popularity is attributed to earlier platforms such as STEPN, where users are rewarded with in-app currencies for meeting their fitness goals.
However, FightOut is taking a unique approach by going beyond what the current M2E platforms offer. Unlike STEPN, FightOut does not just track steps. Instead, it tracks all manner of fitness activities. A user’s participation in these activities will be measured using innovative technologies such as gym sensors.
Moreover, FightOut has reduced the barrier to entry to M2E platforms. The project will not include buying expensive non-fungible tokens (NFTs) to get started. It also introduces a holistic approach to health and fitness, where users are rewarded for exercising and leading healthy lifestyles.
A user on this platform will be represented by an avatar. This avatar will have the user’s physical attributes, including strength, technique, and muscular conditioning, which cannot be traded. The avatar will level up according to your workouts in real life.
FightOut is also targeting professional athletes. It will encourage both ordinary and gym users by having the presence of elite athletes. The gyms will become community hubs for all the members. FightOut plans to launch 20 gyms during the initial stages, but physical presence at these gyms will not be mandatory.
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