Tokenomics

To ensure the long-term success and growth of Fitcoin, a thoughtful strategy that connects an increase in popularity to replenishing the M2E, staking, and company reserve tokens must be present. Thus, multiple mechanisms of funnelling tokens into the Fitcoin treasury exist within the M2E economy. Below is a list of ways that tokens will be added to the treasury:

• All funds spent by users on in-app purchases

• A 5% tax on wagered tokens in Challenge Mode and Tournament Mode prize pools

• A 5% tax on all IRL goods and services purchased through the catalog

• All profit from advertising revenues on the app will be used to purchase $FIT tokens, which will then be placed in the treasury

• Some funds from profitable partnerships and business initiatives

Here is a rough breakdown of how funds from the treasury will be used:

• 70% will be allocated to the company reserve to allow the team to pay developers to build additional features in the mobile app, pay for marketing and advertising expenses, and all other operating expenses

• 30% will be dedicated to the M2E pool to replenish the tokens used to reward users for using the Fitcoin app