- Fight Out is an innovative new fitness move-to-earn project that’s currently raised over $3m in the presale of its native token.
- There are now just five days left before the token price increases in the next presale phase, with CEX listings announced for April.
New move-to-earn project Fight Out has now raced past the $3 million milestone and leaves buyers less than a week to buy tokens before the price increase.
The project, which is developing a revolutionary fitness app and has ambitious plans to build Web3-integrated real-world gyms, is currently offering FGHT tokens for just $0.0166 – with early buyers also able to earn up to 50% extra in bonus tokens.
However, when the project reaches a target of $5 million or Tuesday, January 24 – whichever comes first – the bonus scheme will be dropped and the price of FGHT will increase every second to a maximum of $0.0333, a 100% increase from today’s price.
Fight Out CEO Carl Jones said: “It’s fantastic that we’ve raised $3 million so far in our presale. Fight Out is going to completely change the fitness industry.
“Our move-to-earn model and ‘validated achievement’ approach to building a strong workout community, whether you’re in your gym, our gym, or at home, is unique. We are very excited about what’s to come.”
Fight Out Secures Two Major Listings Despite Ongoing Presale
Such is the excitement around the project that two major exchanges have already confirmed listings for FGHT more than two months ahead of the presale ending on March 31.
Top 20 exchange LBank, which has more than $1 billion of daily trading volume, will list the token on April 5 and BitForex ($960 million daily trading volume) will list it on April 6.
Stage 1 Buyers Earn up to 50% in Bonuses
As mentioned above, those who purchase tokens in stage 1 not only get to take advantage of a much cheaper entry point but can also earn up to an extra 50% in bonuses.
The bonuses are triggered in staggered stages based on the purchase amount and how long the vesting period an investor chooses.
For example, an individual buying $500 of FGHT tokens would receive an extra 10% over those buying less and could then choose to lock tokens for six months – instead of the minimum three – to trigger another 10% bonus.
Therefore that buyer would receive around 36,000 FGHT for $500 compared to one who spent $500 at the end of stage 2, who would return just 15,000 tokens.
To trigger the 50% bonus an investor would need to spend more than $50,000 and lock tokens for 24 months – that would return around 4.5 million FGHT compared to just 1.5 million in the final days of the presale.
Fight Out has also introduced four membership tiers for those who spend more than $500 and vest tokens for 24 months – contender, champion, world champion, undisputed champion – with additional rewards such as free app subscription, signed merchandise and even training camps with pro boxers are available.
FGHT Tokenomics
As mentioned above, FGHT tokens are currently on sale for $0.0166.
After the $5 million target is reached or January 24, whichever is sooner, the price will increase every second until it reaches a max of $0.0333, with the presale ending on March 31.
Of the 10 billion max supply of FGHT, 30% will be allocated to the presale and 5% will be reserved for liquidity on exchanges – another 15% is allocated to the bonus scheme. None of these tokens will have a vesting period.
The remaining 50% – plus any leftover tokens – will be vested and unlocked linearly over the next five years to aid the project’s long-term development.
The FGHT token smart contract has been fully audited by blockchain security firm Certik.
The project is also running a $250,000 FGHT token giveaway, with entries able to be stacked for those who complete tasks on social media.
Fight Out to Revolutionize M2E Space
The Fight Out app will use smart technology that considers movement, effort, sleep and nutrition to feed into an algorithm and build a digital fitness profile, tailoring individual workout regimes to users.
The fitness profile comes in the form of a soulbound digital avatar – meaning it cannot be sold or traded – and virtually mirrors a user’s fitness and health.
The personalized training regimes do not just focus on strength and cardio but take a holistic approach to fitness that also carers for technique and mental wellness.
Individuals complete workouts at home or in the gym to upgrade their avatar – which is fully customizable – and earn rewards in the form of a second off-chain token, REPS.
REPS, which can also be earned by taking part against other users in daily, weekly and monthly competitions, can be used to get discounts on gym membership and app subscription, book training sessions with Fight Out personal trainers and coaches, or purchase apparel, equipment and supplements from Fight Out.
The Fight Out app is set to launch its invitation-only beta testing phase in Q1 2023, with the full version expected to follow in Q2.
Fight Out Gyms and Ambassadors
The project, which has a doxxed and KYC-verified team, is also scouting the locations for its first real-world gyms, which will also act as community hubs and will be integrated with Web3 features.
That will include sensors that track workouts and allow those exercising to earn REPS and ‘mirrors’ that display avatars while users work out.
At the end of 2022, Fight Out also announced the first of its four project ambassadors, who will not only help market the project but also provide exclusive content such as masterclass-style training and behind-the-scenes access.
Former world boxing champion Savannah Marshall, who is expected to face Claressa Shields in a rematch of the most-watched women’s match ever this summer, UFC title contender Taila Santos (No 2 ranked flyweight) and Amanda Ribas (No 9 ranked strawweight), and American Ninja Warrior Tremayne Dortch have all signed on.
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