Announcing The FITT Token Sale!
Finally, the moment we have all been waiting for is here…
In the pursuit of creating an open and community-driven game economy, we at Fitmint are thrilled to announce the public sale (IDO) of our in-game utility token FITT.
- When: The sale will start on August 30th, 2022, at 7:00 UTC and will end on September 2nd, 2022, at 7:00 UTC
- Where: The sale will take place on Copper, which is a platform for open, transparent, and user-friendly participation in Balancer Liquidity Bootstrapping Pools.
- For Whom: EVERYONE! Yes, anyone and everyone can take part in this sale.
- Allocation: Maximum supply of FITT token is 10,000,000,000. We have allocated 3% of the maximum supply for the public sale.
- Seed Round Price: 0.002$ for 1 FITT token
Visit our token sale page for everything else you need to know — Tokenomics, Investors/Advisors, FITT Utility, Early Traction and more.
Why Copper & How It Works?
In order to determine the best way to list our token, we examined various options while keeping the interest of our community as the top priority. Launchpads or Batch Auctions typically favour whales and speculators, resulting in over-inflated prices. They can also encourage botting or front-running to accumulate a large share!
Copper (LBP), however, enables everyone to participate with a minimum entry barrier, ensuring that the sale is as fair as possible. And on top of that, Copper also offers the benefits listed below:
- Price Discovery: The price of the token starts high and falls gradually, then rises each time FITT is purchased. This helps create a curve which allows the community to decide the fair price. Anyone can buy in or sell out of the LBP freely at any time, so price truly regulates itself.
- Open & Permissionless Participation: No whitelists, hard caps, or listing requirements. There is no minimum or maximum allocation. LBP participants can choose how much they want to buy and at what price they want to buy!
- Fair Distribution: Copper flips the first-come-first-served launch model on its head. It’s no longer a race where the first bot in or the transaction with the highest gas fee wins. You can distribute your token into the hands of as many people as possible in a fair way that disincentivizes front-runners and whales getting better rates than smaller participants.
How can I participate?
You can go to our website, enter your email address and register for the token sale. We will keep you updated with all the details. Once the sale goes live, on 30th August, you will find a participation link on the website itself.
We will soon be publishing another blog with a step-by-step guide on how to participate in the sale. Until then, you can get a fair bit of understanding about the same from this link.
What will I do with these tokens after the purchase?
We have 10,000+ app users who have purchased our sneaker NFT worth $150 and have been burning calories every day to earn FITT tokens and play the game. You might get a chance to earn that NFT for free by staking your FITT tokens purchased from the sale. We’ll be sharing more details on staking soon.
If you do not wish to use our app but still believe in us and our vision of making this world fitter and healthier, you can become our early believer by purchasing our tokens in the sale and grow with us together.
🎁 But wait! There’s more…
We believe that our community members are the best influencers to spread the word about our token sale, in order to maximise participation. That’s why, on our website, we have created a competition where you too can become our influencer and possibly be among the 250 lucky winners who get our Sneaker NFT (worth $150) for FREE!
Fitmint is a web3 fitness app that allows users to earn it’s native crypto tokens, called FITT, for the calories they burn. We’re on a mission to make the world fitter and healthier. To know more about us you can visit us on our website or read our introductory blog.