FITTOKEN — FOR THE FUTURE INDUSTRY
What is FITTOKEN?
FITTOKEN is the first decentralized Fitness and Sport platform, built on the Ethereum network. FITToken was developed to disrupt the Fitness and Sports Industry by developing a Smart and Innovative Concept to suit everyday people in Blockchain.
FitToken also has decentralized opportunities for blockchain community members to purchase membership and to place orders at Fitness and Sport Entertainment Center from the convenience of their own mobile app or web based platform.
FIT will be a decentralized and revolutionary App for the Fitness & Sport Centres enthusiast out there. FIT will be building a next generation of the Fitness & Sport Centre platform based on blockchain technology. We strongly believe that the blockchain technology has a huge potential to help accelerate the Fitness and Sport Industry. Thus, being the reason to use the token crowdsale mechanism to pre-sell our product and finance development as opposed to traditional venture capital.
How will FIT contribute the Blockchain and Crypto Currency community.
FIT will take all challenges faced by most Fitness & Sport Centres and combining them in one solution.
FIT is seeking to setup 20–30 FIT Centres across the globe in the next 2 years and will seek out applications from members in the blockchain community.
Each FIT Centre will be furnished with the correct equipment that is state of the art equipment.
The FIT App will be used and adopted in every FIT Centre. Members of the public and the Blockchain community will be able to register, book sessions or purchase memberships from FIT Centres. Token Holders will be able to use the platform to exchange their FIT Tokens. The FIT App will also be Rolled out to other Fitness & Sport Centres who have adopted the concept to decentralize and tokenise the Fitness and Sport Industry.
FIT create a sustainable and reliable industry by using the Blockchain.
Why invest in FIT tokens?
a decentralized FIT token becomes a distributed platform and uses existing block-chain applications. Because the owner of the FIT token does not have to worry about the confidentiality of digital assets, all user data is stored in a block chain.
No Transaction Fees.
Transactions involving third parties, such as banks and exchange, can be costly and time consuming. Fit Token, on the other hand, is based on a distributed blocked chain technology that lets users run FIT Tokens client servers and keep connected to other nodes. Thus, users can participate in the network and participate in transaction approval. In short, each transaction does not care about its value, and the transaction is approved after the full participation of each user connected to the network. Thus, the total transaction costs are common, and the number of users with individual prices one by one.
INITIAL COIN OFFERING(ICO)
FIT Tokens would be launching its own ICO (Initial Coin Offering) on 24th November 2017. The ICO period will continue until 24 January 2018 after which token sale will be locked. Locking the token sale would ensure FIT Tokens may not be devalued due to inflation. Our ICO is a fundraising campaign which is based on Ethereum Smart Contracts. To participate in our ICO you must have crypto currency coins, which you will use to buy our tokens.
Here is a brief overview of the ICO Parameters:
The total inventory of tokens will be limited to 400,000 FIT
The amount to be withdrawn
– Minimum: 3500 ETH
– Expected: 45,000 ETH
– Maximum: 300,000 ETH
FIT Token – Sale of tokens sold before ICO
Our initial ICO will begin on October 30, 2017 and will last approximately 4 weeks to 30 November 2017. In ICO’s initial sales, we will sell about 10% of the total 12,500,000 tokens at a price of US $ 0.10 per COCOK
Funds Allocation During Pre ICO Sale
The allocated funds during the Pre-ICO would be used for marketing and development purposes. FIT Coins would be spending a huge amount on marketing purposes and would be deploying a long term marketing plan by planning multiple approaches of digital marketing such as banner ads, press releases, signature campaigns and social media.
Distribution of Tokens
1. 200 000 000 FIT or 50% of the total amount will be sold to participants of the crowdsale. This includes tokens available during both pre-sale and main sale.
2. 75 000 000 FIT or 20% of the total amount will be issued to develop the Platform and incentivize key stakeholders, promote the Platform and reward early adapters. Subject to lock down periods.
3. 75000 000 FIT or 20% of the total amount will be used Marketing, Advisors and Owners.
4. 50 000 000 FIT or 10% to be allocated for Rewards for platform users.
Distribution of Tokens