Web3 fitness start-up Fight Out just reached a huge milestone in its ongoing presale funding round. The start-up, which will later this year release a crypto-powered fitness app that is already being billed as a must-have workout companion, has now raised a whopping $4 million via the sale of its FGHT token.
The start-up is looking to transform the way we work out by offering users a way to earn crypto as they exercise. Fight Out aims to improve on the pre-existing concept of move-to-earn (M2E) – platforms like STEPN and Sweatcoin reward users for running, jogging and walking. But Fight Out will be the first platform to allow users to earn from all types of exercise, including workouts in the gym.
Fight Out has been making waves in the crypto space and its presale is being touted by industry experts as one of the hottest of 2023. Indeed, analysts at Business 2 Community rank it as the second-best presale of the year.
Tracking your fitness progress just got a lot more exciting! ⚡️
With Fight Out’s #MoveToEarn platform, you’ll earn rewards for every milestone you reach and improve your avatar’s stats along the way!
— Fight Out (@FightOut_) February 6, 2023
This way, Fight Out hopes to incentivize its users to adopt and maintain a healthy lifestyle. For those who struggle with exercise motivation, Fight Out is offering a novel approach to rekindling/sparking a passion for fitness. Luckily, those interested in taking part in Fight Out’s fitness revolution can secure early access at a highly discounted price via the presale.
Get FGHT Now
FGHT tokens were last selling for 0.02010 USDT, though that price is incrementally increasing every day until it eventually reaches a maximum price of 0.0333 USDT on the 15th of March.
The presale is then scheduled to end on the 31st of March. However, the presale could well end before then if sales continue at the current rate. Fight Out has set a $15 million hard cap to the presale.
Some crypto analysts and observers have said that FGHT could go a lot higher when FGHT lists across cryptocurrency exchanges in April. According to popular presale analyst Jacob Crypto Bury commenting in a recent video, Fight Out could possibly see 5x gains.
So users who want to join the Fight Out fitness revolution ought to move quickly to secure tokens while they are at a discount, rather than potentially being forced to pay through the nose to take part down the line.
Of course, the prospect of making big profits on their presale investment is also drawing in a lot of investors. Early adopters – be they investors looking to make a profit or fitness enthusiasts looking to use the FGHT tokens to pay for their Fight Out membership – should note that Fight Out is offering a very generous bonus scheme for early buyers.
Presale token buyers 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.
Don’t miss the #FightOut stage 2 presale!
Prices will rise every 12 hours, so act fast and secure your spot in one of the hottest presales of 2023
— Fight Out (@FightOut_) February 6, 2023
Fight Out – How it Works
Fight Out 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.
At the center of Fight Out’s digital ecosystem will be its smartphone application which, according to Fight Out’s whitepaper, is scheduled for launch in Q2 2023. The Fight Out app will harness smartphone and wearable technology to measure and track physical performance.
The Fight Out app and ecosystem will run on a tokenized economy, where users can earn rewards for completing M2E tasks and mint their own soul-bound token avatar, through which the user will be able to interact with the Fight Out metaverse.
FGHT, an Ethereum-based ERC-20 token, is the cryptocurrency that will power the platform’s web3 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.
Fight Out will be a subscription-based service and users paying with FGHT will get a 25% discount. Meanwhile, when users purchase REPS, the Fight Out app’s off-chain in-app currency, they will receive an additional 25%. Fight Out’s REPS token will be used to purchase goods and services available within the Fight Out application, such as fitness consultations with personal trainers and coaches, or for digital merchandise for their avatar.
Fight Out 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.
Fight Out 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. Fight Out will be able to measure all forms of fitness activity through the use of smartphones and wearable tech, as well as in-gym sensors.
The web3 fitness platform’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 Fight Out metaverse, including via the provision of fitness programs and masterclasses.
To find out more about the Fight Out project, potential investors are recommended to watch a recent Ask Me Anything (AMA) between the Fight Out team and Binance’s Crypto Jamie.