Fight fanatics can now enjoy an ultimate experience following the launch of a new crypto-powered betting platform called Betr. This launch was announced by Jake Paul who recently received a harrowing beat down at the hands of Tommy Fury. This move has been welcomed by professional fighters who are in a quest to supplement their income by turning their attention towards online sports.
The blockchain betting sector has recently received an influx of companies indicating it is on the positive growth path even as it is still in the early stages of development. On their Twitter page, Fight Out, a project that entered presale recently and one of the leading Move-2-Earn projects, has revealed their interest in the world of Web3 sports betting backed by crypto.
During the revelation of this new project, Fight Out are promising their users a fun experience not just on the pitch but also among the fans.
The Fight Out team, on the same tweet, incentivized potential users by promising a $100 gift to its users if they guess how @cirylgane wins and the round in the upcoming match against @JonnyBones.
Ever since Fight Out released its digital token, it is in the track to become the largest crypto presale project of 2023. With its play-2-earn model, Fight Out has already raised $5.3 million making it the fastest growing in the sector. The company promises its users the ability to track and reward all efforts and exercises in the journey to become an ultimate fighter with the help of blockchain technology.
The scheme will work by deployment of innovative measurements using inertial measurement units that are available on mobile devices.
Using this technology, Fight Out can track all your metrics including the punching bag training, powerlifting among others. This data will then be fed to its secondary play-2-earn platform to pit users head-to-head within their own fight classes. It is probably crucial to note at this point that the fights are virtual rather than physically in a ring. Users have the ability to create their own Avatar on the platform, train with it and grow with it as a brand. These Avatars serve as a type of NFT but with one major difference from the others in that it can never be resold because it forms a permanent representation of a users progress which can not be replicated exactly in another user. These type of NFT is commonly referred to as soulbound NFT.
Unlike the move-2-earn sector that is expensive to gain entry since it requires more financially established users, these soulbound Avatars allow users to start up with no cost while earnings are directly related to the users achievements. With this technology, users can build their own digital embodiment that reflects their own real-world achievements in the gym and use it to earn.
The scheme has 2 tokens that is the $REPS and the platform’s native $FGHT token. The users achievements in the gym are rewarded with $REPS tokens which can be redeemable for $FGHT tokens. Once a user has accumulated their $FGHT tokens, they can be traded or spent to purchase other services and goods within the app and this includes the purchase of NFT assets in the Fight Out market place.
With UFC 300 approaching, Fight Out is positioning itself by partnering with fine fighters. They are soon opening up to betting with their digital token. In this tournament, Fight out are rumoured to offer a $1 000 000 reward to the most accurate bets. Fight Out has already onboarded big names to its platform as ambassadors. Through their official website, the big names spread across the divide. They include MMA fighters, fitness influencers and professional boxers.
For the start, Users that want to gain entry must first have a Metamask wallet installed on their browsers. Once the users connect their wallet to the platform, they are presented with 4 options including buying Fight Out digital tokens or assets, a white paper to create their own avatar for the play-2-earn platform, a virtual gym where users could utilize their physicality in real-world gyms to get ready for competitions and lastly access to Fight Out Merchandise including digital assets. The platform also has a lucrative referral program lined up where users receive a 5% commission for convincing their friends to sign up.
