we hosted an amazing AMA with fit burn on the 18th of August
And here we will put some of the best questions:
Q1. Can you please introduce yourself as well as Fit Burn ?
My name is Alex Meurer im the CIO of Fitburn,orginally from Germany but now living with the Fitburn team in Dubai.
i have a Crypto Youtube Channel “AMCrypto”, im in Crypto for more than over 7 years now, im speaking at a lot of Events and taught over 5000+ people how to trade and have invested in more than over 100 Start Ups in the last 2 years.
At Fitburn im focusing on partnerships, collaberations and influencer management and try always to come up with new out of the box ideas that we can implement within Fitburn.
Q2. What are the advantages of Your project ?
Most , maybe even all , Move to Earn projects only focus on to creating hype around their project and to become a Stpen copy without real use case and the community basically only dumps the rewards against $$$ . We at Fitburn focus on creating a full encirceled eco system where you can actually use our coin not only within our App but also in real life! 🥳🔥
Q3. please tell us about the goal you want to achieve in this year.
We want to close all our outstanding funding rounds,complete Beta testing of our app, secure Tier 1 exchange launchpads / listings and prepare for our Launch / TGE by end of the year / early Q1 🚀
We will be also present at a lot of crypto /non crypto events to creeate more awareness about Fitburn and our app
Q4. Every project has a story behind their name, Can you tell us more about the story behind this? Who are the team behind this project? can tell us their background?
Sebastian , one of my co-founders, came up wit hthe idea of Fitburn in Oct. last year even before Stepn was in the market. He is a gym fanatic and thought it would be crazy if you actually can earn money while working out in the gym . A lot of professional bodybuilders spent thousands to prepare for competitions and that burns of course a deep hole into their pockets.
The rest of the team consists of our CEO Ferhat Kacmaz, a well known Fitness Veteran in UAE, he brought as a first , EMS Training to UAE and partnered with the biggest fitness / gym brands in UAE with over 100k + gym members 11 years ago
Chris Stuart our CSO , is an outstanding business strategist and has build multiple companies in the recyclen industry after he lived basically on the streets in germany and is also a gym addict and a friend of Sebastian
Sebastian told me about the Idea in Oct. but i didnt believed at that stage in the potential of Fitburn. This totally changed when i saw other move to earn projects coming into the market and joined the team
Q5. NFT is one of the hottest and most sought-after topics in the blockchain space right now. Can you share your opinion on NFT with us? Do you think NFT will disrupt the current financial system? What is Your project’s approach to the NFT sector?
im actually not a huuuuge fan of nfts , but omg if you could see already our nft designs!!! they are insane!!!
I see it with a double edged sword a little bit , they are a lot of useless nfts out there they just try to raise money and leave the people with no real value but than they are other projects that actually connect the nfts with real life events, real life use cases and try really to disrupt the industry , like we do at Fitburn
And here we will put best questions from our members and fit burn fans:
Q1. I read that Fit Burn is The world’s first lifestyle revolutionary burn-to-earn application. Could you explain more about the mechanism and structure of burn-to-earn concepts? What are the opportunities that Fit Burn offers to the user to earn more?
i cant say to much about it because we have a lot of things in our pipeline that are still top secret 🤐🤫
but let me tell you this:
we have a lot of events coming up and mainstream angles where we will push fitburn , fitburn is a “first” with a real , real life application for users in the fitness industry
the mechanism that we use is easy
you have to wear a smartwatch that we use to track your heart rate and based on your heart rate we will calculate how much calories you have burned in the gym
based on that we will reward our users with Calorie tokens
that our users can then spend within our eco system for varies things as :
tailored workout plans
and a lot of other things
Q2. Can you explain what are the different NFTs that are part of the ecosystem? I read that owning any of them will give us different benefits, can you describe them? Finally, what are the ways to buy some of these NFT?
we will have common, rare, epic and legendary nfts
the nfts will be randomly given to our community in the mintingstage to keep it fair for everyone
depending on which nft you have
you will have a booster that will allow you to train longer and therefore to earn more calorie tokens
you can buy our nfts through our App in the future and directly through our website and opensea and other nft marketplaces
Q3. What is the development roadmap of the #fitburnio project at present and in the future?
we are right now about to get our clickable MVP within the next few days
afterwards we will test everything internally and fix already existing bugs and potential design adaptions
afterwards we will go into a closed beta stage and will test here again everything for a seemingless experience for our users
Our smartcontracts will be finanlized in the mean time on bnbchain and polygon
by end of october / november we should have a ready to go to market application and will start the rollout of our open beta stage 💥🔥
Q4. NFT collections are one of the hottest trend today and crypto users buy this even if it costs alot. However, not all NFTs have value in the marketplace so can you tell us what are the utilities of @fitburnio NFTs and how can we be sure that these NFTs have worth and value?
Our NFTs will have potentially an option to be rented from existing owners to ease people into our eco system without spending a lot initially on the NFTs.
i cant disclose yet all functionallities of our NFTs but they will be more as just a “earn while you burn” NFT.
in the first stage our NFTs will allow you to train for free in partner gym companies , Gym brands that are not in our partnerprogram will still allow you to earn but there you still need to pay for your gym membership
Q5. One unique thing I noticed in Fit Burn is that NFT holders will have the ability to ‘wash’ their NFTs. Can you explain how users ‘wash’ their NFTs? But since this is NFT, I wonder how this “wash” function works? Does this refer to an NFT upgrade? and What is this wash mechanism?
this mechanism works more or less the same as with Stpen and others
the more you workout the more “dirty” your shirt will become
and decrease the coins that you will earn after a certain threathold
so you need to wash the shirt to be able to earn the full amount of calorie tokens from time to time
but its a small amount of the calorie tokens that you will earn
you will be able to read up of all the mechanics once we release our whitepaper by end of the month
Q6. My question Fit Burn vision and mission are good, according to the website. However, it requires a significant amount of user traffic to be long-term viable. What marketing plan do you have in place to boost the credibility of your project’s brand and enhance mainstream adoption ?
We will do a lot of mainstream marketing with a lot of famous influencers from the fitness and non fitness industry as well as within the crypto space as i am and some of my team members are already well connected to top influencers
we will also as i mentioned already have life events that we plan to hold in the future
Q7. Do you have any plan for burning tokens in the future to reduce the supply of the token and increase its investment attractiveness?
yes tokens will be burned after spending within our eco system !
Q8. Will your token have any other features like staking, yield farm or nft in the future? and do you have a buyback system or a token burning plan to increase token value & attract investors to invest?
yes there will be a staking feature !
Q9. I read that Bit.Storewill be working closely with Binance to enter the revolutionary era of the cash game. My question is, why did they decide to work specifically with Binance to achieve this goal? What benefits will users get when using Binance to play on Naga?
binance is a world renown exchange and we are looking forward to work closely with binance in that matter as they are also targeting right now a lot of world famous athelets
Q10. How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates?
follow our social channels and our telegram
Q11. Do you consider community feedback/requests during product creation to expand on new ideas for your project? Many projects fail because they do not understand the target audience and customers. So I want to know who is the ideal consumer for your product?
yes thats why we have a closed and open beta to get community feedback and implent certain changes based on the community recommendations
Q12. Most of the NFT game investors in recent times mainly want to invest quickly and “withdraw” quickly, which will certainly affect the game a lot. Do you have a mechanism to retain investors? Do you consider that there will be some user-oriented options as well as incentives for long-term investors?
yes we have vesting periods for early stage investors and will always improve our product to keep long term investors
Q13. Can you share to us your tokenomics? How much is the total and circulation supply of your tokens? Will there be buy back system or token burning in the future?
tokenomics will be public once we publish our whitepaper by end of the mpnth
Q14. Community support is one of the most aspects of a project’s success. Every projects have a programs that communication with their users. Does you have any special plans to attract and expand the community and improve the user experience?
yes we will consistently improve the user expierence for our users! ❤️
Q15. To build a game, it is necessary to have very high requirements on the dev’s persistence when facing difficulties, not to mention the reception from tt. So let me ask, other than passion, what motivates the dev team to perfect the game so well?
the dev team has a stake in Fitburn and are highly motiviated to be part of our project
Q16. What is the global expansion plan? Are you market-focused at this point, or focused on building and growing or acquiring customers and users, or partnerships?
yes we are market focused and will start in certain continents first and then roll it out globally
And this was the end of our AMA with fit burn.
You can find us here:
Telegram community :https://t.me/fitburngroup