In recent years, the move-to-earn (M2E) cryptocurrency niche has exploded. What a fantastic concept to be financially rewarded for living a better, more active lifestyle! Crypto ventures such as STEPN and Sweatcoin, which reward users based on GPS-tracked mobility and step counts, have already seen some popular success. According to its website, Sweatcoin has 120 million registered users. Meanwhile, STEPN peaked at roughly 700,000 daily users in May and continues to be popular.
However, both platforms have a substantial disadvantage. They are only concerned with compensating users for activity and steps. This implies that users do not earn points for other sorts of activities, such as going to the gym.
FightOut, a newcomer in the crypto M2E space hopes to alter that.
FightOut – The Future of M2E
FightOut is a revolutionary new web3 fitness software and gym chain that pays users for working out, completing challenges, and competing in a fitness metaverse that is the first of its kind. The fitness-focused crypto ecosystem seeks to thrive where older, more established rivals, such as Steph, have failed by appealing to a larger non-crypto native user base, hence promoting web3 adoption through the channel of fitness.
FightOut aims to bridge the gap between the physical and web3 worlds. The project's ultimate goal is to purchase gyms in all of the world's major cities while also pushing an integrated web3 exercise experience. The smartphone application, which is set to emerge in Q2 2023, will be at the heart of FightOut's digital ecosystem, according to the company's whitepaper.
To assess and quantify physical performance, the FightOut app will use smartphone and wearable technologies. The app will have its own tokenized economy, where users may earn prizes for doing M2E jobs and mint their own soul-bound token avatar, which will let them to engage with the FightOut metaverse.
Why FightOut Stands Above Its Competitors
FightOut addresses several of the shortcomings of existing rivals in the move/exercise-to-earn arena, such as STEPN, that have stymied the adoption of more comprehensive web3 M2E apps. FightOut, unlike STEPN, will measure much more than simple steps and velocity. Indeed, FightOut will be able to track various types of exercise activities using smartphone and wearable technology, as well as in-gym sensors.
Meanwhile, FightOut reduces the entry hurdles for new users. Unlike STEPN, which needs users to acquire pricey trainer NFTs in order to join, FightOut users do not need to purchase any expensive NFTs in order to participate.
FightOut's ambassador program is another major differentiator. The concept intends to recruit professional combat athletes as well as specialists from other sports.
The new M2E project also intends to provide consumers a more complete web3 experience. The FightOut ecosystem is designed to encourage users to focus on improving their avatars. Users will explore FightOut's metaverse via their avatar, which FightOut hopes to be sociable and motivating.
FightOut Has Massive Growth Potential - FGHT Tokens Are Now Available For Pre-Sale
Given that Statista estimates the health and fitness market to be valued over $96 billion in 2022, FightOut's prospective growth prospects are enormous. The project just announced a pre-sale of its FGHT token, which will fuel its crypto ecosystem, and has already raised over $2.8 million, including a $1 million private sale a few days previous to the pre-opening. sale's Tokens are now trading for 60.06 per 1 USDT, but this price may soon rise, therefore interested investors should act immediately.
FightOut hopes to generate up to $100 million from its token pre-sale, of which it intends to spend around 70%.
Why Buy FGHT?
The FightOut metaverse ecosystem is powered by the FGHT coin. Users will pay to participate in FGHT events and leagues, and winnings will be paid out in FGHT. Peer-to-peer fitness wagers can also benefit from FGHT.
FightOut will be a subscription-based service, with FGHT users receiving a 25% discount. Meanwhile, customers who purchase REPS, the FightOut app's off-chain in-app currency, will earn a 25% bonus. The REPS token from FightOut will be used to purchase products and services offered within the FightOut app, such as fitness consultations with personal trainers and coaches or digital stuff for their avatars.
Investors interested in getting their hands on some FGHT tokens should note that the pre-sale boasts a generous bonus reward program.
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