Following the successful completion of our Genesis GBag sale, the FitR team has worked tirelessly on the preparation of our Token Generation Event (TGE) and the listing of our governance token, FitR Metaverse Token (FMT). We are excited to announce that the FMT token will soon be available. The FitR team is committed to creating a strong deflationary model based on limited supply and rich usage scenarios to ensure the health and sustainability of the FMT tokenomics.Please read this article carefully to ensure your safety and make sure you know all the details to successfully navigate this upcoming milestone.

General information:

• The FMT listing is scheduled for Monday, October 24th, on the MEXC exchange.
• The token contract address will be published in the official FitR Twitter and Discord server only. It will not be published through any other official or unofficial FitR outlets.
• We will not reach out to any member of the community privately for the Token Generation Event or Exchange Listing.

FMT usage scenarios

In addition to the functions of FMT as a governance token, the consumption mechanism is based on the rich gameplay of the avatar NFT — Exercise Pal in FitR, which burns FMT in many ways in the game, including:

• Using existing NFTs to mint new NFTs
• Using low-quality NFTs to create a high-quality NFT
• Purchasing Treasure Chests to obtain equipment, skins, and pet NFTs that improve an XPal’s attributes
• Improving the quality of equipment, skins, and pet NFTs
• Fees for transferring NFT between accounts
• Gifting FMT to reward their favorite live-streamers.
• Additional FMT consumption mechanisms to be announced soon.

All FMT consumed through FitR will be burned, making FMT a deflationary model.

The release mechanism of FMT has been carefully designed. In order to protect the interests of players, the token locking period of the teams, advisors and investors is one year. During the TGE, most of the FMT is locked except for a small amount of tokens participating in the MEXC M-day and marketing.

In addition to FMT in the public sale, FMT mining will launch next to fulfill the need of consumption in FitR. A countdown will be set up on our official website to track when player earning of FMT will begin. When the total exercise movements completed by all players in FitR reaches 102,400,000, FMT mining will officially begin for anyone who owns a Level-40 XPal.

We would like to thank our entire community for your patience and overwhelmingly positive feedback. Please rest assured that everything up to this point has merely been a prelude to our journey together. We invite all of you to become a part of the FitR ecosystem and help us shape the future of our Social AI Fitness platform.