The fitness and crypto industries are colliding with this new crypto – here’s why this is a game-changer
The crypto world is set to invade the fitness industry when the new move-to-earn project Fight Out is released later this year.
The project, which has already raised $4.25 million during the pre-sale, will allow athletes of all levels – from beginners to elite-level pros – to earn rewards just for working out at home or in a gym.
The M2E space is already worth around $500 million, but is dominated by one project, STEPN, which has a market value of nearly $300 million.
But while STEPN only counts steps and has been criticized by users for its lackluster rewards plan and the need for expensive NFTs, Fight Out tackles those issues by rewarding users for completing a series of workouts and gaining access via a more traditional app subscription.
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Fight to change the M2E world
Fitness app Fight Out will use smart technology to track movement, effort, sleep and nutrition and build a digital fitness avatar, as well as provide individual training regimes to users.
The regimens cover everything from strength and conditioning to technique and mental well-being. The app also offers access to high-level coaching and high-quality instructional videos to improve your technique.
Users are then rewarded for completing their workouts at home or at the gym, earning REPS – an in-app, off-chain token – to upgrade their digital profiles.
REPS can be used to get discounts on Fight Out app subscriptions, book personal training sessions or buy fitness equipment, supplements and clothing.
The project also has a metaverse element, with users able to compete against each other and earn extra REPS in daily, weekly and monthly competitions.
Fight Out has also partnered with four world-class athletes to act as project ambassadors, assist with marketing and provide masterclass-style training content and exclusive behind-the-scenes access.
They include UFC pair Taila Santos (No. 1-ranked flyweight and No. 9 pound-for-pound), Amanda Ribas (No. 9 strawweight), British boxing queen Savannah Marshall — who is expected to fight for a world title this year — and American Ninja Warrior Tremayne Dortch.
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FGHT tokens are now on sale
While REPS is used in the app, FGHT tokens are the tax-free ERC-20 tokens that underpin the project.
They are currently on pre-sale and cost $0.02257 at the time of writing, and will increase in value to $0.0333 by the end date of March 31, 2023 – a 48% increase from the current price.
FGHT will then be listed on exchanges from 5 April 2023, with listings on Uniswap, LBank, BitForex, DigiFinex, Changellu Pro, BKEX and XT.com already confirmed.
Pre-investors can also earn up to 50% in additional FGHT tokens as a bonus, with rewards given based on the purchase price and how long the tokens are earned.
Those who invest $500 will earn an additional 10% of FGHT and another 10% will be added by choosing to lock tokens for six months instead of three – the maximum 50% bonus will be triggered on a purchase over $50,000 and a 24 month lock-in period.
Fight Out has been produced by a doxxed and KYC verified team, conducted by CoinSniper, while SolidProof has audited the FGHT token smart contract.
The pre-sale will see just 9% of the 10 billion max supply on sale, with a further 4.5% allocated to the bonus scheme and 10% to exchange liquidity – the remaining supply being unlocked over five years to fund the development of the project.
Fight Out is also running a $250,000 FGHT token giveaway – join the Telegram group to stay updated with the latest news from the project.
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Disclaimer: The Industry Talk section contains insights from crypto industry players and is not part of the editorial content of Cryptonews.com.
