How to Earn Crypto with FitFi’s Move-to-Earn App

The new move-to-earn player offering big financial rewards FitFi is making it easier for people to earn money and stay healthy at the same time, with its innovative new move-to-earn platform. When the Step app launches, it will allow users to get fit in the real world and engage with the wider crypto community. For…


The new move-to-earn player offering big financial rewards

FitFi is making it easier for people to earn money and stay healthy at the same time, with its innovative new move-to-earn platform. When the Step app launches, it will allow users to get fit in the real world and engage with the wider crypto community. For anyone living life in a rush, FitFi is helping you pack as much as possible into your day.

Summary

  • The FitFi team only met in the fourth quarter of 2021. But already, the experienced group of blockchain experts and veterans has a token staking program and will launch its Step app soon.
  • FitFi enables all the normal things you’d expect from blockchain, like socializing, cultivating performance, gaming, and winning. But it also encourages people to be healthy in the real world.
  • It comes alongside a host of other move-to-win platforms such as STEPN, Genopets, and OliveX, which are revolutionizing the way the digital and physical worlds interact.

FitFi and its upcoming Step app are brand new players in the world of move to win. FitFi as an ecosystem was formed in the fourth quarter of 2021. Since then, they have launched a rewarding staking program and will soon launch their Step app on the Avalanche blockchain. His goal is to rule the health and fitness sector of the metaverse.

What is FitFi?

FitFi, or Fitness Finance, is the meeting point between health, fitness and web3. It provides a way for people to earn money for exercising by offering incentives to take care of themselves.

Health and fitness have grown to be a $100 billion industry in the US alone. As modern society becomes more aware of the dangers of a sedentary lifestyle, the urge to move away from a screen and start hitting the pavement has gotten stronger.

But there are obstacles. People are busy, they get tired and they find excuses not to touch their sneakers and stay on the couch.

This is where FitFi enters the market. You’ve seen the $100 billion fitness industry and seriously thought about how you can combine it with the $200 billion gaming industry.

But while blockchain gaming is all about playing to win, FitFi is helping pioneer the move to win industry. Users will get tokens, which they can redeem for real money, by going out and moving.

The Step app will be the first app in the FitFi ecosystem and the company calls it “the foundation of the FitFi marketplace.” It will be based on Binance Smart Chain and will allow users to track their activity, earn crypto for their exercise, and encourage people to stay healthy in the real world.

Step app trailer frame

How to earn in the FitFi ecosystem

There are some cool features in FitFi Economy that set it apart from its competitors. It’s worth noting that SNEAKs are the game’s NFT sneakers that users must purchase before they can start earning.

Here are the three ways players can earn money within the move to win protocol:

  • microtransactions – Players can use their credit cards or cryptocurrencies to make micropayments for non-Sneak purchases, such as map styles, character skins, and Sneak skins.
  • bet game – FitFi plans to build a community and allow them to fight each other. Players can challenge their friends by putting their money where their mouth is and betting funds on a winning race.
  • tournament games – FitFi has regional and global tournaments with a prize pool for people who finish at the top of the leaderboard. Participants can also win other prizes like unique skins and map skins.

tokenomics

As with all new players in the blockchain space, FitFi has many monetary incentives to get new users to contribute to the community. The company has explained how it will hold the value of FITFI, the governance token, and how people can make money from it:

  1. buybacks – 50% of game revenue is used to buy tokens on the market.
  2. Burns – The government can vote to burn up to 50% of the repurchased tokens.
  3. Participation Rewards – up to 50% of the tokens purchased on the market are distributed to stakeholders.
  4. locks – staked tokens require a 10-day cooldown to come out, and skipping this cooldown incurs a 12% fee on the main stake.

Within the app, players can also unlock certain SNEAK and avatar skins by staking FITFI. They can also get discounted royalty fees and it is good to note that up to 50% of NFT trading fees are available as staking rewards.

KCAL is the game token and is needed by players to mint SNEAK. They can win it by running while their SNEAK is wagered and the SNEAK must be wagered for ten days to claim the KCALs earned.

The Step app and other movement platforms to win

The FitFi ecosystem is relatively new to the move-to-win industry. While the concept of making money from exercise has only risen to prominence since early 2022, there are some more established names that have been moving around in the space for longer than you might think.

DappRadar has a more detailed breakdown in this article, but here’s a quick rundown of the biggest names to watch out for in moving to win:

  • STEP – STEPN was launched in August 2021 and since then its community has traveled more than 13,450,000 km. It is based on the BNB and Solana blockchains and allows people to earn money while exercising. DappRadar has a longer article on how to get started and make money with STEPN here.
  • genomescotes – this game offers a different view of move to win. By exercising in the real world, you can level up your avatar. By leveling up your avatar, you have more chances to win battles in the game. It recently launched Genopets Habitats on the Solana blockchain.
  • dusty – this game is on the Polygon blockchain and is part of the larger OliveX ecosystem. OliveX is building a new interactive world in The Sandbox and offers a holistic ecosystem with health and social benefits, all while rewarding its contributors.

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