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New web 3.0 health and wellness platform Fight Out is all set to revolutionize the fitness space with a new move-to-earn (M2E) model that incentivises and rewards users for being active. The project is in its first pre-sale phase and has raised over $2.79 million in its pre-sale in just a few weeks.
CME introduces Metaverse Index
Last week, the CME Group, one of the largest derivatives markets crypto spaceannounced that it will partner with CF Benchmark to launch three new Metaverse reference rates.
The announcement confirmed that both companies will publish the prices of the three new metaverse coins – MANA from Decenterland, CHZ from Chile, and AXS from Axie Infinity. Both companies will publish real-time asset rates by taking data from several top-rated cryptocurrency exchanges and trading platforms.
The news follows increased attention to the Metaverse token being paid for by large institutional players. and, given that FGHT token Aiming to bring Fitness into the metaverse, the property could benefit greatly from the move.
What is fight out?
Fight Out is a new, innovative m2e project Which allows users to earn while working. The platform, to be unveiled in late 2022, takes fitness and gyms into the metaverse with an immersive virtual world experience that improves users’ fitness journeys and allows them to participate in the future of human interaction.
Seeking to disrupt the $96 billion a year fitness and health industry, Fight Out operates a model that enables users to work out and rewards them for doing so. Its first access layer is its mobile app, which provides access to a library of on-demand workouts and routines.
With the Fight Out app, users will be able to select specific workouts, all of which target specific parts of their fitness – from muscular endurance and cardio to combat and strength. These workouts come with videos from professional trainers and coaches to ensure optimum user experience.
Next, Fight Out also includes physical gyms. The goal is to launch up to 20 gyms where members can work out with others.
Furthermore, Fight Out is looking to cash in on the Metaverse. The platform’s dedicated virtual world allows users to network with other athletes and join virtual tournaments. Users can also set up their own leagues and socialize on this platform.
Fight Out will be given to users in the Metaverse non-fungible token (NFT) obliged to them. These NFTs cannot be sold or traded and include user vitals – cardio, endurance, technique and more. The more fit a user is, the better his avatar looks.
Athletes can deploy their NFTs as avatars in Fight Out’s metaverse to showcase their gains and see how other users are doing. Avatars may be used in virtual competitions, and the fitness statistics on users’ avatars will determine their performance in these competitions.
earn while working
Users who complete the workout in Fight Out are given REPS as a reward. REPS is the platform’s in-app currency and can be redeemed within Fight Out’s online marketplace.
REPS can also be used to buy discounted one-to-one coaching sessions, gym equipment and even Fight Out subscriptions. Fight Out has designed it to ensure that users acquire more tokens as they build strength and other important fitness vitals.
However, there are also soft caps on the amount of reps earnable for workouts in each category. Athletes should perform a mix of cardio, strength, technique and endurance workouts to earn the most reps.
Apart from REPS, users can also get access to Fight Outs FGHT token, Digital assets are used to pay for subscriptions on Fight Out, with users getting a 25% discount if they pay with FGHT as opposed to fiat.
FGHT can also be used to buy REPS and enjoy significant in-app rewards, further increasing its demand. It is also worth noting that FGHT is a Proof-of-Stake (PoS) token, which means that investors can stake assets to earn more units.
Currently, Fight Out is looking to raise funds to power its platform. To that end, FGHT is now available on presale and has raised over $2.79 million.
The pre-sale aims to raise $10 million, and the demand for FGHT shows it can achieve it. The token price is 60.06 FGHT for 1 USDT, with Fight Out’s developers hoping to sell up to 60% of the total FGHT supply.
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