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FitMax

FitMax

FitMax is a Web3 fitness app with social-fi and gym-fi elements.

OverviewStructured DataIssuesContributors

Contents

fitmax.io
Is a
Cryptocurrency
Cryptocurrency
Company
Company
Organization
Organization

Company attributes

Industry
Fitness
Fitness
Web3
Web3
Location
Vietnam
Vietnam

Cryptocurrency attributes

Ticker Symbol
FITM
Maximum Supply
200,000,000

Other attributes

Cryptocurrency Symbol
FITM
Overview

FitMax is a Web3 application based on social networking, physical health, and rewards. Players can follow professionally designed fitness routines to receive rewards. Tracks can be made into videos and can be shared with friends. Users can also share their real-time location.

Platform

FitMax was created by Coming.io, an IT solution and service provider that began as a technology startup, offering software solutions to clients in the US, Japan, Europe, and Vietnam. In 2021, Coming began providing blockchain solutions. The company's lines of business include its dApp platform, GameFi, DeFi, NFT art, and other blockchain-based solutions with projects like Mytheria, Rooster Battle, Fantasy War, Pool Arena, and Cyberium.

In 2022, Coming decided to shift its focus to the production of its own crypto products. FitMax offers different workouts for users, allowing them to connect and challenge each other, and receiveincentives for checking in with FitMax’s partners. FitMax offers a personalized training program that helps them track their performance with calendar steaks.

The exercises do not require workout equipment. To play, users need a gamification system. In addition, FitMax is creating an in-app wallet that users can make use of to deposit and withdraw cryptocurrency. FitMax does not require users to own NFT assets to work out. However, the company recommends that users equip themselves with NFT Equipment during the sessions so they can be given financial tokens. The system of NFT Equipment was developed to balance different aspects of the platform's projects. The NFT Equipment is divided into various categories, with varying rarity and earning caps.

NFT Equipment

If the user works out without wearing NFT Equipment, the workout results will be recorded, but the user will not earn ENER tokens. To earn ENER tokens, users are required to buy NFT equipment, which is divided into the following categories: dumbbell, water bottle, clothing, and shoes.

Each NFT Equipment will possess varying rarity and stats. Upon the opening of the NFT Equipment BlindBox, users will receive an NFT Equipment of random rarity and stats. When the users are fully equipped with NFT Equipment before working out, the reward is FIT Token.

Users will receive ENER tokens as an incentive after training with NFT Equipment. The amount of received ENER tokens is dependent on the following factors: the value of the equipment used, the more valuable the equipment (Rare, Epic, Legendary...), the more ENER tokens paid out, and The industriousness of the user

When the NFT reaches a specific stage of the lifespan, the ability to earn reduces or stops. The NFT will be damaged following one hundred days of use. The amount of paid-out reward will reduce (expected decrease 90 percent compared to the original rate). At this point, users will be required to burn the other NFT and get another one to continue exercising.

The company plans to connect its blockchain platform with real life by partnering with gym owners and distributing its NFT Gym to them. FitMax users who become members of the gyms will receive bonuses when they train at the respective gyms.

Gym-Fi

To use, the user is required to open the FitMax app and place the device against a wall so the front camera points at them. FitMax's AI will identify the joints of their body and mark them with round dots. Depending on the exercise that was chosen, the user will need to move their body parts to the respective positions. Each rep in the platform lasts for 30 seconds to 1 minute.

The user's task is to finish as many reps as possible. Should they reach the target set, they will be rewarded with HIIT tokens. HIIT tokens can be utilized during the repair and upgrade of NFT Equipment. Users are encouraged to arm themselves with NFT Equipment while doing exercises so they can receive rewards. They are usually rewarded in HIIT (High Income Investment Token). HIIT tokens can also be used to repair damaged equipment.

Each NFT will possess a different durability index, and the repair fee with be according to the durability levels. Endurance will be undermined with every training session. Each workout session costs 01 Endurance, and it is suggested to finish the whole daily workout once in a row. To get FITM tokens, users are required to own at least one NFT Equipment. NFT Equipment is divided into the following categories:

  • Dumbbells: These increase the efficiency of earning in each session
  • Water bottle: These increase the user's stamina in training
  • Clothes: These increase a user's luck
  • Shoes: These increases an item's durability
Social-Fi

Like the model of a blockchain project, FitMax creates a real-life partner system. The team plans to strike partnerships with different sports apparel brands to offer benefits to its users through discount codes and marketing campaigns.

Top FixMax athletes will be the Brand Ambassadors to promote the community. Gym owners, as well as professional and trainers in certain countries will be eligible to become FitMax partners. Utilizing FitMax AI Technology and professional-designated exercises, fitness clubs will also benefit from FitMax and be able to offer different rewards to FitMax players.

A user's account will have the chance to be upgraded and incentivized by NFTs depending on their Invite Point and Helper Point, which is a system of ranking and classifying. Invite Point and Helper Point ranks users into the following categories:

  • Winner
  • Influencer
  • Inspirer
  • Supporter
  • Helper

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