AMA Recap: FitN x Infinite Launch
We would like to express our gratitude towards those who joined the AMA on 20th Jul 2022 in the Infinite Launch Telegram group. We appreciate all your support. This is a recap of the entire session, in case you missed it!
Our AMA with FitN comprises of 3 main sections:
1. 5 basic questions from the host to give a brief introduction about the project.
2. 4 questions from community members on Twitter.
3. Live AMA: 5 random questions from our community.
1st Segment: QUESTIONS FROM HOST
Q1. Could you please tell us a little bit about yourself and your team? What are your past experiences?
There are 4 main members in my team
First, introducing Mr.Jonny - CEO
- CEO of Figures Ecom
- Marketing online and e-commerce expert
Mr.Harry - CMO
He has 5 years of experience in advertising, branding and digital marketing. Working with big global and local brands such as Suntory Pepsico, Yomost, TPBank,….
Mrs. Bella - Creative Director
- 10 years of experience in digital marketing, advertising and brand communication at global agencies.
- Successfully built and launched global brands in Vietnam in communication and digital marketing categories such as Pepsi, Unilever, Unicharm, FrieslandCampina,…
- Won multiple creative and marketing awards in Vietnam and Southeast Asia.
Finally me, Mr.Kenny - Community Manager
-Specialized in global digital marketing, cross-culture marketing and social media marketing strategy.
- Joined blockchain industry and worked with over 10 crypto companies since 2018. Currently focus on planning, coordination, and implementation of all marketing activities and community events for FITN.
Q2. Let’s give the audience a brief description of what FitN is. How did you come up with the idea of FitN? Is it influenced by any special moment or story?
FITN is the leading Exercise-to-Earn web3 lifestyle app on the blockchain with both GameFi and SocialFi elements. FITN is built on the BNB chain.
Our goal is to bring an unparalleled fitness solution which helps improve public health in general as well as offer our investors and users various sustainable opportunities to earn with Exercise-to-Earn concept.
We came up with the idea of FITN based on the inspiration of STEPN - pioneering project for M2E trend, But different from M2E concept, E2E allows users to do exercise in general such as walking, jogging, skipping, running, playing sport, cycling or even workout to keep fit and make profit simultaneously.
Q3. Could you share with us the current development stage of FitN?
We are keeping growing community, preparing for IDO and INO, then working on building:
- NFT Marketplaces
- Project Trailer releasing
Q4. What are the competitive advantages of FitN compared to its competitors? How do you plan to differentiate FitN?
Not only moving to earn, but we also have a wide range of E2E modes, including jogging, running, cycling, even workout and yoga/mediation, etc., with assorted challenges and minigames.
Users can also have NFTs customized by themselves and display them in their AR Rooms - a really new feature.
We have SocialFi elements (invite friends, clubs, trainer clubs with scholarship, etc.) allow users to connect and exercise together
The health stats are closely tracked by online tools and reports are sent to users' email every month.
Finally, a free-to-play mechanism for users to experience the play modes instantly in 7 days of trial.
Q5. Please provide a detailed overview of your token, what are its use cases and tokenomics?
We have 2 tokens, which are:
1. $FITN - governance token, using in
- Marketplace fee
- Breeding
- NFT lending
- Trainer hiring
- AR room lending
2. $FIT – in-game token, using in
- Upgrade NFT and energy booster
- NFT repairing
- Breeding
- Mystery box opening
For more tokenomics details, please read: https://whitepaper.fitn.health/tokenomics/token-model
2nd Segment: QUESTIONS FROM TWITTER
Q1. Since players are now less focused on the long-term development of the game, they are only focused on the first stage of the project and its price. So, do you have any plans to retain and increase the number of users? What strategies do you use to attract gamers?
We are working on releasing the app in Q3/2022 and after IDO we will try to keep the token price stable and enably pump high. More than that, we have burning mechanism:
- 2 original NFTs are burned after the creation of a hybrid NFT to control the NFT inflation.
- In-game tokens are periodically burned to keep price stability.
Q2. Almost 80% of investors have just focused on the price of a token in the short term instead of understanding the real value of the project. Can you tell us the motivations and benefits for investors to hold your token in the long term?
To be a long term holder you can stake and farm with FITN
- Stake NFT to receive $FITN (governance token)
- Stake $FIT (in-game token) to receive LP then use LP to unlock advanced play modes and increase earning rate
- Stake $FITN on AMM pools for high APR/APY
- Stake $FITN to receive $vFITN to have right to vote in DAO governance
Q3. What do I need to start playing the game of your ecosystem, that is, they require some initial investment to be able to play, e.g. to buy useful items of the game or this game generates the same opportunities to play for those who have and do not have money?
We have a Free-to-play mechanism for users to experience the play modes instantly in 7 days of trial. On those days you can earn the token by exercising to be ready in game without too much investment after that.
Q4. Could you please mention some of the recent partnerships you've formed with existing blockchain foundations? One of the pillars of making DeFi more broadly available is collaboration and partnerships?
We are backed by SS Ventures (leading partner) and a lot of KOLs, media partners worldwide
We will launch IDO with the help of 3 partners which are BSCLaunch, Infinity Launch (of course) and Kommunitas.
Some of our media partners: @PirateApesChat, @ASHxGEMS, @CryptoStarGateCh, @AirdropUltimate_2022 and more than 10 others.
Q5. One of the main problems with smart contracts today is that there is a very high risk of bugs that allow hackers to steal the funds and incur significant losses for the project and its users. Can you tell us about the solutions that FITN offers to prevent this?
I’m assured that our contract will be audited to avoid scam or bugs, don't worry about that.
3rd Segment: QUESTIONS FROM GROUP
Q1. Is your platform suitable for Crypto beginners? Or is it only appealing to professional users?
Everyone can participate in our project, it's a friendly environment to invest and play together. The more you exercise the more you earn.
Q2. What achievements have been obtained during the project? Are there any unfulfilled achievements in the past year?
- We have more than 50000 members in Social community (Discord, Telegram, Twitter...) with high amount of active members
- 12 big partners in Strategic, media and a lot of KOLs worldwide
Q3. Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not can u tell us, What makes your project different from other projects?
We have a clear roadmap to follow exactly, don't worry. We have optimal sides when compares to other projects:
- A wide range of E2E modes, including jogging, running, cycling, even workout and yoga/mediation, etc., with assorted challenges and minigames.
- Users can have NFTs customized by themselves and display them in their AR Rooms.
- SocialFi elements (invite friends, clubs, trainer clubs with scholarship, etc.) allow users to connect and exercise together.
- Health stats are closely tracked by online tools and reports are sent to users' email every month.
- Free-to-play mechanism for users to experience the play modes instantly in 7 days of trial.
Q4. Is your project a community only for English speaking countries or for users not of other languages?
Please join our communities here
🇻🇳 @FITN_chat_vn
🇮🇩 @FITN_chat_in
🇮🇳 @FITN_chat_india
🇧🇩 @FITN_chat_bangladesh
Q5. Where can I get all the latest news? Do you have
Telegram
Discord
If yes can you share all your official links here, because there are a lot of fake Telegram/Twitter groups?
👉 Join FITN's Social Media:
| Group (https://t.me/FitN_chat)
| Channel (https://t.me/FitN_ann)
| Twitter (https://twitter.com/FitNofficial)
| Discord (https://discord.gg/VnJfyjKu)
| Facebook (https://www.facebook.com/FitN-113079298070543/?ref=page_internal)
| Reddit (https://www.reddit.com/r/FitNofficial/)