Revolutionary Move-to-Earn (M2E) project FightOut has just launched its presale phase – marking the first time investors can publicly buy FGHT tokens.
After wrapping up a successful private sale in early December, which raised $1m in funding, FightOut’s team has now opened the project to the broader market.
Investors can purchase FGHT tokens directly through FightOut’s website at just $0.0166 – the lowest they’ll be offered.
An Industry Riddled with Issues and Pain Points
According to Statista, the global health and fitness industry is now valued at over $96bn, with more than 174m people being part of fitness clubs worldwide. These figures are expected to grow even more in the coming years as building fitness and living a healthy lifestyle becomes a priority for many in the wake of the COVID-19 pandemic.
This trend towards healthier living is undoubtedly positive, yet there are still many issues and pain points within the fitness industry. Although gym memberships are more affordable than ever, members often need clarification about what they should do when they get there.
A lack of direction and poorly-designed workout routines can often lead to subpar results – and even injury. Moreover, the atmosphere in gyms worldwide is gradually shifting away from being community-led and is now more individualistic, alienating newcomers even more.
This is where FightOut comes in, as this brand-new M2E project aims to solve these pain points and create a more effective way for people to meet their fitness goals – whilst making it financially rewarding.
The FightOut Project – Can It Revolutionize the Fitness Industry?
As noted in FightOut’s whitepaper, this blockchain-based project looks to build on the success of previous M2E platforms like STEPN – whilst removing the high barriers to entry that have made these platforms inaccessible to many.
Simply put, FightOut is a dedicated fitness app that gamifies physical activity and improves health. By using the app, those who complete workouts will be rewarded with REPS – FightOut’s native rewards token. This setup ensures app users are incentivized to remain consistent in the gym and pursue their goals.
Within the app, users will have a ‘soulbound’ avatar, which is structured as an NFT. Although this NFT cannot be transferred or sold, it does evolve as the user completes workouts and challenges. This avatar will showcase various stats, such as strength and mental fortitude, which increase in real time as the user works on them.
Moreover, the avatar can be customized with new hairstyles or accessories – and there are even plans for metaverse integration in the future. This would see users enter the ‘FightOut Metaverse’ and challenge themselves against others within the community.
Making Workouts Financially Rewarding for All
Although the presale has just launched, the FightOut Telegram channel already boasts over 21,000 members – highlighting the buzz around the project. Most of this buzz stems from the tokenized rewards users can receive for completing workouts and challenges.
As noted earlier, users will receive REPS for finishing workouts. This is an off-chain currency and can only be used within the FightOut app. The primary use case for REPS is to purchase items from the FightOut store, such as equipment, apparel, supplements, and more.
REPS can even be used to obtain a discount on the monthly app membership fee and to pay for remote consultations with elite fight coaches and personal trainers. Since the FightOut app tracks movements using the latest smart technology, users can rest assured that they’ll earn REPS on all supported physical activities – not just steps.
The FightOut app acts as a ‘coach’ to guide users towards their fitness goals. New users will input their fitness background, available equipment, and time constraints, which will see the app design personalized routines that consider all of these variables.
Moreover, the exercises will be explained and demonstrated through instructional videos from world-class coaches and personal trainers. However, this won’t be limited to just weight training – FightOut intends to collaborate with boxing coaches and other top athletes to streamline the learning process for newcomers to the sport.
The FGHT Token – The Heart of the FightOut Ecosystem
At the heart of the FightOut ecosystem is FGHT – FightOut’s native ERC-20 token. This token differs from REPS, as it is hosted on the blockchain and isn’t earned through completing workouts and challenges.
App users can buy FGHT tokens using FIAT (e.g. credit/debit card) and then use these tokens to buy REPS – which they can spend in the FightOut store. By purchasing REPS with FGHT, users will receive a 25% bonus on their purchased amount.
As noted earlier, FightOut’s team also plans to venture into the metaverse space – and FGHT will play a vital role in this. All metaverse purchases will be made using FGHT, with prize pools for in-world tournaments and competitions also being denominated in this ERC-20 token.
There are even plans to launch a groundbreaking ‘Stake-for-Membership’ feature, where users can stake their FGHT tokens and receive exclusive perks. These perks include free merchandise, gym memberships, limited edition fighter NFTs, and more.
FightOut’s Presale Kicks Off to Huge Acclaim
The supply of FGHT tokens will be capped at 10 billion – with 60% (6 billion) of these allocated to the ongoing presale phase. This presale has a funding target of $100m, which will be used to develop the FightOut app and begin opening physical FightOut gyms worldwide.
FightOut’s presale will only have one stage, with an investment of 1 USDT netting investors 60.06 FGHT – meaning tokens are priced at just $0.0166. This is the lowest price that FGHT will be offered, as FightOut’s team plans to apply for CEX/DEX listings in Q1 2023.
There’s no minimum investment threshold to participate in FightOut’s presale. Interestingly, investors can obtain additional FGHT bonuses by investing higher amounts or agreeing to more extended vesting periods.
For example, those who opt for a vesting period of 24 months will receive a 25% bonus on their purchased FGHT amount. Although this is optional, the presale’s bonus structure provides an easy way for long-term investors to earn additional tokens without having to use any more of their capital.
FightOut’s Future Plans Capture the Attention
After the presale concludes, FightOut’s team aims to immediately begin work on the project’s roadmap – with physical FightOut gyms being top of the agenda.
The plan is to open 20 gyms worldwide, each being Web3-integrated. All gyms will be kitted out with capture stations and smart equipment that make earning REPS simple. These gyms will also feature a health bar, content studio, and co-working space, making them a ‘community hub’ for FightOut’s users.
FightOut’s gyms will even allow users to show off their NFT avatars in real life through custom-built screens. In turn, this makes obtaining unique cosmetics for the avatar more appealing – prompting users to work out and generate REPS for use in the store.
How to Buy FGHT Tokens – Quick Guide
Early investors can now buy FGHT tokens through the presale phase – with no minimum investment required. Detailed below are the five quick steps investors must take to buy FGHT today:
- Step 1 – Create a Crypto Wallet: Set up a MetaMask wallet (desktop users) or a Trust Wallet (mobile users).
- Step 2 – Buy ETH or USDT: Obtain ETH or USDT from a reputable exchange. Alternatively, users can buy ETH directly through FightOut’s website with a credit/debit card through the partnership with Transak.
- Step 3 – Link Wallet: Go to FightOut’s homepage, click ‘Connect’, and follow the on-screen instructions.
- Step 4 – Buy FGHT: Click ‘Buy FGHT Now’, choose the desired investment amount (no minimum) and confirm the transaction.
- Step 5 – Claim FGHT Tokens: Users can claim their purchased tokens once the presale concludes.
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