Rewards
Fitcoin rewards its users for engaging in physical activity and leading a healthy lifestyle through its native cryptocurrency, $FIT. The company has allocated a significant portion of the total supply of $FIT to the M2E pool, to ensure that there will be sufficient tokens to fund these rewards. Fitcoin will also allocate most of the revenue generated by the app to replenish the rewards pool. Fitcoin will accomplish this by depositing $FIT tokens spent on the app directly into the rewards pool, and by using proceeds from other revenue to purchase $FIT tokens on the open market. The constant replenishment of the rewards pool ensures that rewards remain sustainable, and users will continue to earn while using the app.
As users accumulate $FIT through the M2E economy, the catalog will serve as a means to productively use their rewards and redeem their $FIT for prizes. These prizes will include gift cards, technology wearables, clothes, shoes, sports medicine treatments, and a variety of fitness classes from both virtual and in-person trainers.
Fitcoin’s growing health and fitness ecosystem is creating a vibrant marketplace for our users and partners. The catalog is an excellent opportunity for our partners to showcase and advertise their products and services. Fitness coaches will be able to advertise their classes, sports apparel companies will have another channel to sell their products, massage therapists and sports medicine specialists could source new clients, and so on. The prizes in the catalog will be funded in one of three ways:
Purchased directly from suppliers using the Company Reserve
Sponsored by our partners
Having partners sell their products and services directly in the catalog
Last updated