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Revolutionary new move-to-earn fitness platform FightOut’s token presale just hit a massive milestone. The crypto start-up has now raised a massive $3.03 million via the sale of its FGHT token. FGHT is the token that will power FightOut’s web3 ecosystem and investors need to move quickly if they want to secure their tokens before the price goes up.
According to FightOut’s website, investors only have five days to get tokens at the cheapest presale price of 0.0166 USDT. After five days, the price will begin gradually rising to a maximum price of 0.0333 USDT when the presale ends on the 31st of March. 0.0333 is the price that FGHT will then list on centralized cryptocurrency exchanges (CEX) in early April. FightOut has already secured listings with LBank Exchange and BitForex.
Investors who get in now will thus be sat on 100% paper gains by the time FGHT lists on CEXs in just under three months’ time. Investors should be aware that FightOut has set a presale hard cap of $15 million, meaning the presale could end before the 31st of March if that target is hit earlier than expected.
Given FightOut’s generous presale bonus scheme, paper gains by the time of the listing could be much larger. Indeed, investors can get up to 25% in additional FGHT tokens depending on how large their initial purchase is. They can then get up to another 25% in additional FGHT tokens depending on how long they choose to vest the tokens for.
What is FightOut?
FightOut is a brand new web3 fitness application and gym chain that rewards its users for working out, completing challenges and competing within a first-of-its-kind fitness metaverse.
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At the center of FightOut’s digital ecosystem will be its smartphone application which, according to FightOut’s whitepaper, is scheduled for launch in Q2 2023. The FightOut app will harness smartphone and wearable technology to measure and track physical performance.
The FightOut app and ecosystem will run on a tokenized economy, where users can earn rewards for completing M2E tasks, and can mint their own soul-bound token avatar, through which the user will be able to interact with the FightOut metaverse.
FightOut also seeks to combine the physical and web3 worlds. The project aims to eventually acquire gyms across all of the world’s major cities, whilst simultaneously promoting an integrated web3 fitness experience.
FightOut takes a more holistic approach to tracking and rewarding its users for their exercise and activity than existing competitors like Sweatcoin and STEPN, and doesn’t require any expensive buy-ins to take part. FightOut will be able to measure all forms of fitness activity through the use of smartphones and wearable tech, as well as in-gym sensors.
FightOut’s ambassador program is another key unique selling point. The project plans to sign up pro combat athletes, as well as professionals from other sports, to promote the platform and interact with users via the FightOut metaverse, including via the provision of fitness programs and masterclasses.
Why Own FGHT?
FGHT is the token that powers the FightOut metaverse ecosystem. Users will pay to enter competitions and leagues with FGHT and winnings will be paid out in FGHT. The FGHT token can also be used in peer-to-peer fitness wagers.
FightOut will be a subscription-based service and users paying with FGHT will get a 25% discount. Meanwhile, when users purchase REPS, the FightOut app’s off-chain in-app currency, they will receive an additional 25%. FightOut’s REPS token will be used to purchase goods and services available within the FightOut application, such as fitness consultations with personal trainers and coaches, or for digital merchandise for their avatar.
The health and fitness industry was estimated to be worth around $96 billion in 2022, as per Statista. That means that FightOut’s potential growth prospects are huge. FightOut was recently ranked as Cryptonews.com’s top move-to-earn crypto project of 2023.
FightOut offers users various on-ramps to purchase its FGHT token, including via credit/debit card, with ETH, or with USDT.
Investors should note that FightOut is conducting a $250,000 giveaway that is only eligible to FGHT holders, another reason why they might want to bag FGHT.
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