In recent weeks, heavyweights in the move-to-earn sector have been taking a backseat to AI memecoins. Web3 lifestyle fitness giants such as Stepn and Sweatcoin have seen consistently falling prices over the past fortnight as investors start to move assets into the newly-birthed AI trend.
Meanwhile, one move-to-earn fitness application continues to grow despite the overall sector taking a hit: FightOut. Investors are rushing to FightOut presale because they believe the project will become the next behemoth in the move-to-earn sector. The project is seeking to totally revolutionize the move-to-earn sector by introducing consistent rewards for a wide range of exercises – not just walking.
Move-to-Earn Falling Prices: Stepn, Sweatcoin, and Fitmint
At the start of the year, the move-to-earn sector experiences somewhat of a comeback, with the market-leading players, such as STEPN and SWEAT, seeing notable gains – reaching above 100% price rises.
Unfortunately, the price surge has started to cool off, with many of the heavyweights that experienced early-2023 growth starting to see consistently falling prices over the previous two weeks. The drop-off seems related to the newly created AI memecoin hype, which has stolen most of the headlines in recent weeks.
As a result of investors slowing down their investment into the move-to-earn fitness applications, some of the tokens have seen notable drop-offs. For example, the most prominent Web3 lifestyle application is Stepn, which has a market cap of around $250 million. Over the past two weeks, the price for GMT, the native token behind STEPN, dropped by a severe 32%;
STEPN isn’t alone. Other market players in the move-to-earn sector are seeing similar drop-offs. Fitmint, a new player in the market, is now down by a strong 33% over the past month, and SWEAT, often considered the second-in-command to Stepn, is down 16% this week;
Despite the downward pressure on the move-to-earn sector, one up-and-coming project in the space continues to grow. Moreover, it seems that investors are still happy to enter into the FightOut presale due to its revolutionary impact on the move-to-earn space.
FightOut Presale Continues to Climb Higher
FightOut started its presale in December 2022, but since then, the project has reached an incredible milestone after crossing the $4.1 fundraising threshold. In addition, the project has been consistently attracting more investment over the past few weeks, despite the ongoing bear market and the recently inspired AI memecoin hype.
FightOut is a complete move-to-earn platform that rewards users for completing workouts in the gym or living rooms. It’s designed to provide consistent rewards for its users while simultaneously allowing them to earn from a wide range of exercises.
FightOut is hosting a presale for its native token, FGHT, which is set to be the primary transaction token on the platform. You can currently purchase FGHT at a price of 1 $FGHT = 0.02171, but the price for the token is consistently rising. In fact, the presale is now in the phase where the price of FGHT will increase every 12 hours, so it’s best to get in as soon as possible before prices near the exchange listing price – which is set at 0.0333 USDT.
3 Reasons Why is FightOut Bucking This Week’s Downtrend?
So, why is FightOut consistently managing to attract so much investment while the other players in the move-to-earn sector suffer this month? Well, here are three reasons why FightOut is bucking this week’s downtrend.
1. A True Move-to-Earn App
One of the main reasons why the fundraising for the FightOut presale continues to rise while other move-to-earn heavyweights see falling prices is due to the fact that FightOut is actually an actual move-to-earn app in its most total sense.
FightOut is seeking to totally revolutionize the move-to-earn sector by letting its users earn rewards for a wide variety of exercises. Unfortunately, the biggest problem with the majority of the move-to-earn heavyweights is that they can only reward users for taking steps through walking, jogging, or running. Although this is an excellent introduction to living a healthy lifestyle, it also excludes the majority of potential active users that enjoy resistance training or other types of cardio.
FightOut seeks to change this dynamic by rewarding users for more than just taking steps. The entire platform is managed through the FightOut app, which is designed to provide everything that the user needs to become Fighting Fit. In addition, the app features personalized exercise routines and on-demand workout classes for users to follow and earn.
When a user signs up, they are required to enter personal details to curate an exercise schedule. Some of the personal information include;
- Setting goals for exercise
- Setting fitness background
- Setting available equipment
- Setting location and desired workout types
- Setting availability
The app will then create an exercise routine according to the goals and a schedule for the user to stay disciplined. Each exercise is explained through an in-depth instructional video on the app, led by the head coaches at FightOut.
Some of the exercises that FightOut will reward users for include;
- Strength and conditioning training
- High-intensity interval training
- Mobility
- Boxing
- Walking, Jogging, Running
One exciting feature of FightOut is that it rewards users for improving their mental health. As mental fortitude is vital to being in fight shape, FightOut will reward users for practices that increase mental strength, such as Yoga and Meditation.
As you can see, FightOut is genuinely revolutionizing the move-to-earn sector and taking it to an entirely new level.
2. No Expensive NFTs
Another reason why FightOut is gaining popularity in fundraising is due to its interesting stance on monetizing the platform. Typically, move-to-earn giants require their users to buy expensive NFTs before they can get started earning on the platform. For example, Stepn requires its users to sign up and purchase a Sneaker NFT before earning. The Sneaker NFT comes with certain attributes, such as energy stats, which allow the owner to start earning for a small period of time.
Unfortunately, when the energy stats are depleted on the sneaker, the user won’t earn any rewards and must wait for it to be replenished. Additionally, these NFT Sneakers can be somewhat expensive, with people paying hundreds of dollars to acquire them during the Stepn peak;
FightOut really doesn’t want to go down this route. So instead, the only NFT that will be integrated into the platform is a “Soulbound NFT Avatar.” This digital avatar can be used in the FightOut metaverse and is a digital representation of the user.
The great thing about this NFT is that all of the stats and data collected from the workouts goes directly into the stats points of the avatar. As a result, users will see their NFT developing directly according to the owner’s progress in the FightOut ecosystem.
The vital thing to note here is that the Soulbound Avatar is non-transferable and cannot be sold – hence the name “soulbound.”
Instead of trying to monetize NFTs, FightOut has decided to use a subscription-based system that users pay each month to gain access to the platform and earn rewards. In addition, the subscription can be paid in FGHT tokens, providing additional utility for the native token.
3. A Strong Emphasis on Web3 Integration and Community
The last reason FightOut is gaining considerable traction during its presale is that it strongly emphasizes Web3 integration and community growth.
One of the core principles behind FightOut is connecting the real world to Web3. To do this, they have plans to open over 20 Web3 integrated gyms across 20 key locations to allow FightOut members to maximize move-to-earn opportunities, show off their avatars, and create a solid community.
The gyms will be fully kitted out with state-of-the-art capture stations and smart equipment that users can hook up to their app to earn rewards. The gyms will also have lifestyle facilities such as health bars, content studios, and co-working spaces – further increasing the emphasis on community.
https://twitter.com/FightOut_/status/1623653057450876928
Furthermore, FightOut has also secured strong partnerships with high-profile athletes to be ambassadors of their platform. For example, they recently partnered with UK-based boxer Savannah Marshall, who recently won the WBO Middleweight World Championship title with a strong career ahead of her.
“The reason I decided to work with Fight Out is because as an athlete, I am constantly pushing myself to be the best and Fight Out shares that same drive for excellence.
I am happy to announce that I am now a part of the @FightOut_ team!
I'm thrilled to work with this amazing project to help many others to reach their fitness goals and live healthier lifestyles!
Check out the link below to learn more! ⬇️https://t.co/EDWU5ChXfI pic.twitter.com/ZAjFzw9crX— Savannah Marshall (@Savmarshall1) January 27, 2023
Marshall isn’t the only athlete on board. FightOut has other ambassadors that include fitness influencers and professional UFC fighters;
Unique, Consistently Rising Presale Prices
FGHT is now currently selling at a price of 0.02171 USDT per token, but the presale is unique because it incorporates a price hike every 12 hours. The best thing about investing in these early presale stages is that there is a 50% bonus available for investors buying FGHT right now. This means you will get an additional 50% on your purchase depending on how you lock up your tokens into staking.
The price of FGHT will continue to rise until the presale ends, which is scheduled for the end of March. Then, the token will be listed on tier-1 exchanges in the industry, with the team stating that the first listing is on April 5th, and the token listing price will be $0.0333 USDT.
Therefore, investing earlier in the presale will likely guarantee a profit when the token is listed on exchanges.
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