CryptoFury x Fitmint
⏰ Time: August 29th , 11:00 AM UTC
💰 Reward Pool : 100$
💎 Place : https://t.me/CryptoFury_Chat
Question for Part 1- Project overview:
Q1) Can you briefly introduce yourself and Fitmint? Where do I get the project name? What does this mean to you? Why did you choose this name for your project? What is your mission and vision to build this project? What do you want to achieve in the future through your project?
Viren Baid : Fitmint is a move-to-earn game where you can earn rewards in crypto tokens and NFTs simply by walking, running, playing sports or working out.
The name comes from the derivation for the two words Fit and Mint, which is like another version of move to earn
Our broader vision is to create a digital fitness ecosystem where millions of people get fit everyday, get rewarded for their efforts and connect with their favourite fitness brands and sports athletes. And at the same time, It enables us to onboard millions of people to web3 which is struggling to get a mainstream adoption since years
We had also written a pretty detailed article on our vision over the next 12 months and beyond. You can read them here: https://fitmintclub.medium.com/the-fitmint-ecosystem-our-vision-not-just-another-move-to-earn-app-7f20658b9210
Q2) What are the advantages of Fitmint to compete with competitors?
Viren Baid : IMO, one of the biggest challenges for any ‘X to earn’ game is creating a sustainable working economy. Some move to earn apps did a phenomenal job in bootstrapping the networks using the token incentives, however, they failed to sustain their growth and user engagement because their entire game was only about earning money and most of their in-game sinks were net-positive sinks where the users were spending the token only to earn more.
Our goal is to create a game with a long-lasting sustainable economy where the players are spending the token for non-monetary rewards like social status, fun, fitness and entertainment.
That’s why our roadmap is largely focused on creating net negative or zero sum sinks like Sneaker customization, fitness challenges, Competitions, Marathons and so on.
Other than that, other areas would be:
- Real world utility: we also plan to build a real world utility of our token by enabling the users to purchase fitness goods and services like health insurance, sports/fitness brands and apparels, gym memberships etc.
- We don’t want to be limited to a walking/running app which defeats the purpose of promoting holistic fitness. We want to be more inclusive and reward users for all the physical activities including gym workouts, playing sports etc. To start with, we are working on apple watch integration to enable the tracking and rewarding for all kinds of workouts.
- Unlike most of the web3 Dapps, we want to take some inspiration from web2 and design a very simplified and intuitive user experience, in order to achieve our mission of onboarding millions of users to web3 and making them fitter and healthier.
Q3) What major achievements have you made so far, and what other plans do you have this year?
Viren Baid : Some of our major achievements so far in the last 5 months or so has been:
- 10,000+ beta app users
- 75% users workout daily with the app
- 150,000+ global community
- $1.5 Million Primary NFT sales
- 10,000,000+ Calories burned
We are all in for building in public so we have published our roadmap: https://trello.com/b/BggcarwW/fitmint-roadmap
This quarter we have these items coming up
Q3 and Q4
Part 2: Pre-selected questions from our community
Q1) What are the benefits of holding $FITT tokens for a long time? Is there any passive income opportunities that we can have ?What plans do you intend to implement to drive demand and scarcity for the token?
Viren Baid : Yes, there are 3 broad utilities that $FITT will have:
- In game: use $FITT to level up, repair your sneaker and advance in the gameplay. Participate in social competitions world wide or within your friend cirlce with $FITT and even do fun things like cutomise your sneaker NFT into 3D ones with cool new looks
- Real world: You will be able to redeem $FITT against vouchers for fitness products or even book services like a fitness coach, dietician, psychotherapist, etc.
- Staking: You’ll be able to stake $FITT on our app or website and get a chance to win free sneaker NFTs, breeding tickets, etc.
Q2) Can you list 1–3 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?
Viren Baid : i think i would go back to the same answer that i had around how we are trying to be different from competition
1. long lasting sustainable economy with non monetory rewards like social status, fun and fitness
2. real world utilities
3. holistic fitness view with wearables integrations starting with apple watch. you could do any form of workout that you prefer
4. design for web3 with web2 design principles
Q3) What are #FitmintClub’s goals and focus for right now ? What problems have not been solved so far ? and why should we choose the #FitmintClub project over other projects ?
Viren Baid : Currently the main event we have is our token sale that starts tomorrow. all details for it are present on our website: https://fitmint.io/token
Once we are done with the sale next week, we will start working on all the other roadmap items
Q4) Non-crypto user is very important for mainstream adoption. How you are planning to attract non-crypto users to your “#FitmintClub “ project? Is there any upcoming partnership that will bring non-crypto users and real-usereal-use cases?!
Viren Baid : We want to take some inspiration from web2 and design a very simplified and intuitive user experience
- Our goal is to create the app in such a way that any user who has no web3 experience if able to download and use it
- We will also have a free user gamplay in the future which new users can participate in without an NFT, learn about how it works, what NFTs mean, what $FITT is, etc and then upgrade to a paid gameplay
Q5) Staking program is very important for every project? Can i stake your Token? Do you have any plan of starting staking programme? plz tell us sir?
Viren Baid : Yes, starting tomorrow with the token sale, you’ll be able to stake them on our website or app
Whether you purchased it during the sale or earned with your workouts, you’ll be able to stake the $FITT tokens
Every week winners will be selected and you can win free sneakers, breeding tickets (which is very essential to the gameplay) and more
Question for Part 3: Guests will choose 5 live questions from members and answer directly in CryptoFury Community
Q1) Can u asnwer my question How can I buy this token? Is it available on any exchange?
Viren Baid : You can participate in the token sale starting tomorrow for the next 3 days here: https://fitmint.io/token
The sale will happen on copper launchpad. In a couple of weeks post that, the dex listing will happen
Q2) Do you have a AUDIT certificates? or are you working to AUDIT your project, so that the security of the project becomes more secure and reliable,?
The audit reports are available on the website: https://fitmint.io/token
Q3) Is your project a community only for English speaking an countries or for users not of other languages?
Viren Baid : We have 50+ non english speaking communities on our discord server. you can find the link to all our other communities here: https://linktr.ee/fitmintclub
Q4) Can you share to us your tokenomics? How much is the total and circulation supply of your tokens? Will there be buy back system or token burning in the future?
The image has the overall split of the tokens.
other details around vesting is also available on the website and our whitepaper: https://fitmint.gitbook.io/whitepaper-fitmint/
Q5) What are the functions and benefits of $FITT token? How can $FITT find a balance between technology development and token value growth? Are there any benefits for long-term holders? What strategies do you have to increase token demand and attrition?
Viren Baid : I had answered the questions on utility, so summarising it here again
Q6) Partnership is crucial for any project and the sky is the limit! So can you tell us something about your recent partnership and how you plan to make it better?
We have some amazing partners and investors, best of the world
❗️Seems like there’re many things to exchange, but I’m afraid the time is up now. For all of the questions that have not been answered yet, guys feel free to search for more information on the links provided below:
❗️Có vẻ còn nhiều thứ cần trao đổi nhưng e rằng giờ đã hết. Đối với tất cả các câu hỏi vẫn chưa được giải đáp, các bạn vui lòng tìm kiếm thêm thông tin tại các liên kết được cung cấp bên dưới:
Much appreciation for your insightful responses in CryptoFury Group today, we all hope Fitmint will expand its ecoystem and gain mass adoption in the future!
Hope for more chances to collaborate with Fitmint someday. Goodbye and see you soon 👋
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