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Fight Out, a new Web 3.0 health and wellness platform, is set to revolutionize the fitness space with a new Move-to-Earn (M2E) model that incentivizes and rewards users for being proactive. The project is in its first presale stage, and in a matter of weeks he has raised over $2.79 million in the presale.
CME Announces Metaverse Index
Last week, CME Group, one of the largest US derivatives markets, crypto spaceannounced the launch of three new metaverse reference rates in partnership with CF Benchmarks.
The announcement confirmed that the two companies will publish three prices New metaverse coin – MANA from Decentraland, CHZ from Chiliz, and AXS from Axie Infinity. Both companies pull data from some of the top rated cryptocurrency exchanges and trading platforms to publish real-time asset rates.
The news highlights the growing interest in Metaverse tokens being paid out by large institutional investors. and, FGHT token Assets could greatly benefit from this move as it aims to bring conformity to the metaverse.
What is Fight Out?
Fight Out is a new and innovative game M2E project This allows users to earn while exercising. Launched in late 2022, the platform brings fitness and gyms into the metaverse, offering immersive virtual world experiences. This improves the user’s fitness on her journey and allows her to participate in future interactions.
Fight Out aims to transform the $96 billion annual fitness and wellness industry by operating a model that allows users to work out and rewards them for working out. Its first access layer is a mobile app that provides access to a library of on-demand workouts and routines.
The Fight Out app allows users to select specific workouts. All of these target specific parts of fitness, from muscle endurance and cardio to combat and strength. These workouts are accompanied by videos by professional coaches and instructors to ensure an optimal user experience.
Second, Fight Out also incorporates a physical gym. The goal is to launch up to 20 gyms where members can work out with other members.
Additionally, Fight Out is looking to take advantage of the metaverse. The platform’s exclusive virtual world allows users to network with other athletes and participate in virtual tournaments. Users can also establish leagues and socialize on this platform.
In the Fight Out metaverse, users Non-Fungible Token (NFT) bound to them. These NFTs cannot be sold or traded and contain user-critical elements such as cardio, endurance, and technique. The healthier the user, the better the avatar looks.
Athletes can deploy their NFTs as avatars in the Fight Out metaverse to showcase their accomplishments and see how others are doing. Avatars can be used in virtual tournaments, and your Avatar’s fitness stats will determine your performance in these competitions.
earn while working out
Fight Out rewards users with REPS for completing workouts. REPS is the platform’s in-app currency and can be redeemed within Fight Out’s online marketplace.
REPS can be used to purchase discounts on one-on-one coaching sessions, gym equipment, and even Fight Out subscriptions. Fight Out is designed to ensure users get more tokens as they build strength and other important fitness vitals.
However, there is also a soft cap on the amount of REPS you can earn for workouts in each category. An athlete must combine aerobic, strength, technique and endurance training to achieve maximum her REPS.
In addition to REPS, users also have access to Fight Out FGHT tokenThis digital asset will be used to pay for your Fight Out subscription. A user pays with his FGHT instead of fiat and he gets a 25% discount.
You can also use FGHT to purchase REPS and enjoy significant in-app rewards to further fuel that demand. It is also worth noting that FGHT is a Proof of Stake (PoS) token. This means that investors can stake their assets to earn more units.
Fight Out is now looking to raise funds to power its platform. For that reason, FGHT is now Available in presale Raised over $2.79 million.
The pre-sale aims to raise $10 million, and FGHT’s demand indicates it can achieve that. The token is priced at 1 USDT at 60.06 FGHT and the developer of Fight Out hopes to sell up to 60% of his total FGHT supply.