Move-to-Earn Crypto Fight Out Raises $3m in Presale – Only 5 Days Until Price Increases

Wed, Jan 18, 2023 10:31 CET

London, England, Wednesday 18th January 2023 – Fight Out, the Web3 health and fitness app and gym platform, has raised $3 million in its presale.

FGHT is the utility token of the hottest new move-to-earn platform and is priced at $0.0166 in the first stage of the fundraise.

When the first stage target of $5 million has been reached, or in five days from now, whichever comes first, the token increases in price linearly every second, ending on March 31st at a price of $0.0333.

The exchange listing price is $0.0333, so to beat the price rises investors need to move fast to get the lowest prices.

Analysts predict the FGHT token will be one of this year’s best-performing coins.

Carl Jones, Fight Out CEO, commenting on the milestone achievement 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.”

FGHT pre-listing announcements – LBank and BitForex

The combat-themed move-to-earn fitness platform is making waves, as seen in the other major news release today.

Fight Out has signed agreements to list on two top centralized exchanges, it can be revealed.

LBank, with 24-hour trading volumes in excess of $1 billion according to crypto data site CoinMarketCap and which ranks 18th globally, will list FGHT on April 5th.

BitForex, which racks up daily trading volume of $960 million, will list FGHT on April 6th.

Both exchanges are headquartered in Hong Kong, which is fast becoming the main gateway for mainland China’s legions of crypto investors to take part in trending presales such as Fight Out.

Get a generous allocation of bonus FGHT tokens when you invest in the Fight Out presale

Prospective users for the project are certainly drawn to its novel use cases, but also to the lucrative bonus system for early investors.

Fight Out awards bonus tokens depending on the amount contributed and the vesting period an investor decides to opt for.

Buyers can secure a 25% bonus on investment amounts of $50,000 or more and 25% on a vesting period of 24 months, which combines for a total bonus of 50%.

Fight Out has introduced four special bonus tiers that combine the amount invested with a range of vesting periods.

The tiers are Contender, Champion, World Champion, Undisputed Champion – which apply when you buy $500 or more worth of FGHT tokens and vest for 24 months.

If you select the bonus amount suggested for each of the tiers and meet the investment amount criteria, then you receive a variety of possible rewards, such as a 24-month subscription to the mobile app all the way up to a two-day camp with an ex-pro boxer.

Other rewards include in-app REPS tokens, drops of cosmetics for avatars, merch drops, and a chance to meet a Fight Out ambassador.

All $FGHT tokens are subject to a three-month vesting period, after which holders can choose whether they wish to extend their lock-up period for additional bonuses.

You can find the full details on the bonus tiers here.

Fight Out’s unique use cases make it the future of fitness and highly investible

By creating for each user a ‘soulbound’ avatar that virtually mirrors a user’s fitness and health achievements in the real world, Fight Out is the first move-to-earn crypto project to enter the metaverse.

Ultimately the platform is anchored in the fitness and wellness goals that each individual user seeks to fulfill.

To help Fight Out’s users to become ‘fighting fit’, a companion app for monitoring and tracking fitness routines and programs will sit alongside a network of gyms in major cities across the globe, acting as community hubs.

The not-so-secret sauce that gels all of these moving parts together is the leveraging of combat sports and the elite athletes as ambassadors who are intimately involved in the platform.

Fight Out’s ambassadors will inspire everyone in the community to take their fitness and training to the next level.

Project ambassadors already include Savannah Marshall, one of the world’s top boxers (122k followers on Instagram), and Brazilian mixed martial arts UFC stars Amanda Ribas and Talia Santos (2.1 million and 179k followers on Instagram, respectively).

They are joined by influential personal trainer and motivator Tremayne Dortch, star of NBC’s American Ninja Warrior series.

Move-to-earn (M2E) and the metaverse are both, in their own ways, the future of health and fitness but, until Fight Out came along, there was no project that sought to make this futuristic vision a reality.

According to research by Statista, the fitness industry was valued at $96.7 billion last year and is set to grow to $131.9 billion by 2028.

Fight Out is attacking a massive market and business opportunity.

Also, for those wary of investing in what they might perceive as a value-limited digital asset project, Fight Out, through its gyms, will have a bricks-and-mortar footprint generating cash flow too.

Realizing a vision of a global gym network for the ‘fighting fit’

The gyms provide a way of offsetting the risk of investing in digital-only products that may struggle to gain revenue traction or realize significant capital formation.

Each gym, alongside all the equipment and monitors, will include a co-working space, health bar, and studio where elite athletes produce video workouts for consumption in the Fight Out companion app.

Elite athletes will also hold in-person events and challenges for all comers.

The first pro fighter workout programs will be launched in Q2 2023.

Fight Out aims to roll out up to 20 gyms initially, starting in the cities that have the most vibrant Fight Out communities.

The platform eventually plans to have its community hub gyms up and running in all the world's major global cities. The premises for the first Fight Out gym will be acquired in Q1.

Earn off-chain REPS tokens and convert to on-chain FGHT

Rewards are earned in REPS – the off-chain in-app currency of Fight Out.

Fight Out is a subscription-based service and both of its two tokens – $FGHT and REPS – can be used to sign up, as can ordinary fiat currency.

There is a 25% discount for those who buy their subscriptions with $FGHT.

In-app goods such as cosmetic items for avatars, merchandise, and remote consultations with personal trainers or with Fight Out’s unique fight coaches, are all paid for with REPS.

Additional REPS can be purchased using $FGHT, providing another vector to underpin the value of the $FGHT token.

Fight Out mobile app beta drops this quarter

The final major plank of the ecosystem is the mobile app, which provides the door to the virtual world of the metaverse, where each user's unique avatar lives and is linked to their real-world achievements.

Strength, cardio, muscular endurance, technique, and wellness encompass the five ways in which each user can become ‘fighting fit’ and see these attributes applied to their avatar.

All progress and achievements are measured by the app to revolutionize the way users move and earn in the metaverse.

Furthermore, the app provides bespoke training programs for each user.

The Fight Out mobile app launches its invitation-only beta in Q1 2023, with the full version following in Q2 2023.

To celebrate the start of the presale, the team has launched a $250,000 $FGHT token giveaway, which one lucky investor has the chance to win.

Complete nine tasks, including joining Fight Out’s various social media channels, and be a holder of at least $250 worth of $FGHT at the time of the draw, and you could become a quarter of a millionaire!

Fight Out is backed by Transak, LBank Labs, Block Labs, and Cryptonews.com.

The team behind the Fight Out presale has been KYC-verified by CoinSniper and the project’s smart contract technology is Certik-audited.

Media contact: pr@fightout.co

Notes to editors

Website: Fightout.com

Presale Info:

Network: Ethereum

Token Type: ERC-20

Token Name: $FGHT

Token Price: 1 $FGHT = $0.01665002 | $1 = 60.06 $FGHT

Token price increases linearly every second to $0.0333 after $5m has been raised.

Disclaimer: Buying the FGHT token does not bestow ownership rights in the gyms, although the gyms add value to the project, and by association to the token used to access Fight Out services and products.

Tokens available in presale: 900 million up to a maximum of 1.35 billion

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