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HomeNewsBusinessNearly $2.5 million raised in FightOut Move-to-Earn Crypto Presale, but 50% Bonus...

Nearly $2.5 million raised in FightOut Move-to-Earn Crypto Presale, but 50% Bonus is about to expire

With early investors having the opportunity to receive a 50% bonus on FGHT tokens, the revolutionary new move-to-earn cryptocurrency project FightOut has already raised up to $2.5 million during its presale.

The initial gym’s locations are already being sought out, and earlier this week, FightOut said it has already teamed up with three elite athletes to serve as ambassadors.

The project has ambitious goals to create and develop Web3-integrated gyms in significant global locations as well as an innovative new workout app.

Bonus tokens will no longer be accessible to investors once the first stage of the presale, which has a target of $5 million, is approximately 50% complete. Additionally, the price of FGHT tokens will rise after stage 1 is finished.

While a 25x, or 2,500%, increase may seem like a hefty sum, given FightOut’s tokenomics and the tremendous interest in the project, several experts believe it is definitely possible.

On March 31, 2023, the price of each token, which is now $0.0166, will increase by $0.0166 each second, reaching a maximum of $0.0333, a 100% increase.

To increase 25 times from their present value, FGHT tokens would have to cost $0.415 each.

However, as was already mentioned, while FGHT tokens are currently available for purchase at a price of $0.0166, those who purchase them now will see the price of the tokens double before the presale ends. As a result, the price of FGHT at $0.415 represents only a 12.5x increase from that price point, making it one of the best cryptocurrencies to purchase at the moment.

With a maximum supply of 10 billion tokens, FightOut would need to reach a $4.15 billion market cap for the FGHT token to trade at that price. Again, that sounds like a lot of money, but the project’s utility and ambitious plans make it very likely that, over time, it may rise to such enormous heights. Additionally, 30% of the tokens will be locked and released linearly over the course of the next 10 years for the project, lowering the necessary market cap to under $3 billion.

The biggest move-to-earn project on the market right now, STEPN, was a pioneer in the M2E industry and early this year hit a high market worth of just under $2.5 billion. But because the community was turned off by having to buy pricey NFTs in order to access the rewards system, the value of GMT tokens plummeted in the last eight months.

With no NFTs required to access the FightOut app and rewards given out in REPS, a second currency that only functions within the app and has no value outside of it, FightOut avoids that pitfall. FGHT tokens are the project’s backbone, and the majority of the money raised in the presale was used to finance venue acquisition and renovation (70%), marketing & partnerships (18%), and product development (12%). Investors who purchase FGHT tokens during the first round of the presale are eligible to receive incentives of up to 50% of their investment, with bonuses of up to 25% awarded for investments above $50,000 and an additional 25% provided to investors who lock their tokens for 24 months.

While the FGHT token smart contract has been thoroughly inspected by reputable blockchain security firm Certik, FightOut has been constructed by a doxxed team that CoinSniper KYC-verified.

News Summary:

  • Nearly $2.5 million raised in FightOut Move-to-Earn Crypto Presale, but 50% Bonus is about to expire
  • Check all news and articles from the latest Business news updates.
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