The first FitR AMA session was held with NFT Daily on 6/22/2022. The guest speaker was FitR VP Jacob Greene, check out the AMA recap below to know more about FitR!

🍾️ Enjoy your reading!

1. Please introduce yourself and the team behind FitR

My name is Jacob Greene, I am VP at FitR and am located at our Global Headquarters in Los Angeles California. We are truly a global team, as members of the FitR team are located all around the world.

2. Can you give us an overview of FitR, and its unique selling points?

As FitR rolls out the next generation of web3 gaming, we set out to add AI technology to web3 gaming and create a fitness metaverse by offering a large platform of gamified exercises. We will introduce social interaction opportunities that have not been tried in web3 gaming and offer live-streaming events to increase excitement while exercising. Finally, we will build a better economic model with the ability to maintain a stable, yet growing economy.

FitR is a Web3 lifestyle app. FitR will help people get physically fit, increase activity and communication with friends and family; and earn rewards, all while having a fun gaming experience.

There are three core gameplay elements in FitR, 1) Fitness and move to earn; 2) Gamification Design and NFTs; and 3) Social interaction

All FitR exercises can be done indoors. With the development of Web3 and the advances in AI, FitR creates a virtual workout environment. FitR rewards players with crypto tokens just for doing their daily exercise.

FitR will launch jump rope as our initial workout game. The game roadmap will expand the offerings to include popular exercises; like boxing, yoga, jumping jacks, and dance.

FitR introduces 2 types of NFTs –Equipment NFTs and Avatar NFTs. Players can purchase an Avatar NFT as their PFP and acquire and use Equipment NFTs that correspond to the specific exercise they are performing. Like a set of boxing gloves, a yoga mat, or a jump rope.

FitR integrates a Cultivation system within the game which allows players to develop their NFTs and make them more unique, powerful, and valuable. As NFTs develop, the game provides greater rewards for players’ daily exercise.

With FitR, players can cooperate or compete with friends and family in REAL-TIME. FitR can be played in solo mode; in a cooperative or in a Battle mode. In both the Cooperative and Battle modes, both players can see each other’s score in REALTIME. FitR will incorporate a live-streaming function where players can exercise along with their favorite coaches.

Q3. How do we earn with the app? How do you calculate the rewards?

Players can use a mobile phone or a tablet to play FitR. When a player enters the Exercise Mode they can earn in-game tokens by exercising. Every one Energy Level equals one minute of move2earn time.

Players need to put their phones in a fixed position with the screen facing them and step back until their full body is within the frame visible in the phone. After the AI in the app recognizes the player, a countdown will begin telling the player when to start exercising.

The final score of the exercise (the count of movements, like jumps) will determine the basis for the earnings of the exercise. The number of tokens paid out will vary based on three main factors: 1) the Number of exercise movements performed; 2) the NFT Attribute values, 3) the NFT Durability.

Q4. Please walk us through the NFTs and their functionalities.

We will have 2 types of NFTs, Avatars and Equipment. Avatars can be used to earn rewards while exercising, and Equipment NFTs (like a jump rope or boxing gloves) can add to the earnings in those specific exercises.

FitR NFTs have 4 types of Attributes, 1) Efficiency. An. NFT’s Efficiency value is used as a multiplier in determining the total rewards for each workout. 2) Resilience. An NFT with a high level of resilience has a strong Durability factor. 3) Luck. An NFT with a high level of Luck will have a greater chance of receiving Treasure Chests dropped during a workout, 4) Speed. An NFT with a high level of Speed increases the frequency that the player will receive bonus points when exercising.

Players can spend in-game tokens to Level-up their NFT to earn additional Attributes, this, in turn, leads to earning more rewards when exercising.

Q5. Can you share with us your tokenomics?

BNB is the base currency for FitR. Within the game design, FitR uses two additional tokens, in-game tokens, and governance tokens. In-game and Governance tokens reward players, enhance gameplay and build the economic platform for the FitR app.

The FitR wallet permits players to easily swap between token types as needed in the game. Players invest in BNB, transfer these coins to the FitR wallet and buy their initial Avatar. In-game tokens are earned by players as they complete each exercise. Players spend in-game tokens based on their game strategy to repair, or level-up their NFTs.

Q6. Can you touch on how we cash the tokens out?

A6 You can transfer tokens within the player’s wallet between in-game tokens, governance tokens, and BNB. To cash out tokens, a player can transfer BNB tokens to their coin exchange. Both FXT and FMT will be listed in the future, players can cash them out from DEX or CEX.

Q7. What mechanisms do you have to provide quality fitness games?

Our lead developer and producer is also highly trained in exercising through being awarded a top fitness trainer certification in Australia. In addition, players will be able to work with FitR coaches and trainers though 1:1, group, and live streaming. This will ensure players are doing the exercises correctly.

Q8. How will FitR integrate the Sociafi aspects of the game?

When exercises are complete, players will be able to share their result summaries on social media by using a button on the screen. Players will be motivated to use social media to share their results, their victories, and their live streaming with friends and family on social media.

Q9. How can you touch on security and cheating?

Security for our ecosystem and players is very important at FitR. We have seen the exploits in the industry and we are building a team with the experience to handle security issues that might arise.

FitR has a special team led by a Ph.D. in Artificial Intelligence to tackle known and evolving user cheating scenarios. This highly technical team has vast experience in this area and are extremely capable of dealing with any concerns.

Q10. What’s in development right now?

A10 Our Alpha launch is scheduled to launch this week and our Open Beta is scheduled for mid-July. The Beta test phase 1 will allow exercising in solo mode only, we will add cooperative challenges in phase 2 (mid-Aug). In mid-August, we plan to launch the next FitR exercise, as well as Avatar NFTs. We will continue to introduce new exercises to FitR monthly. In 2023, and we plan to open our API to 3rd party developers

User Questions:

1. How will you introduce FitR to non-English speaking countries?

We will have FitR Ambassadors around the world in many different languages. On the FitR Discord site, there are multiple language channels to help non-English speaking players.

2. Do you have plans to collaborate with professional athletes and celebrities?

Yes, we will partner with celebrities and athletes around the world to become a part of the FitR metaverse.

3. How will Project Galaxy partner with FitR?

The only partnership we have with Product Galaxy is to host a mission to offer spots through a raffle to be in our Alpha test whitelist and a cash giveaway.

4. How do you generate revenue for the company?

There are various revenue streams for the company to generate revenue to pay employees and build the FitR metaverse. One source is the FitR Marketplace where players go to buy and sell Avatar and Equipment NFTs.

5. Do you have details of the tokenomics?

We will have two tokens, in-game and governance. The game is designed to help people exercise, communicate with friends and family, and make exercising fun and profitable.

6. Can you tell us about investment motivation and benefits for retaining your tokens?

We encourage users to do workouts with FitR every day and live a healthier life, and to be rewarded for these positive activities. We believe players will understand our vision and will be happy to join us. We will do our best to stabilize the economic model, to prevent the price of tokens from suddenly surging or dropping. We have learned lessons from our predecessors and we made great improvements in our system to prevent issues from the start. We will constantly monitor the whole FitR system and protect our users when a risk occurs.

Closing Remarks:

The FitR vision is to provide positive social impact beyond the FitR community.

FitR is inherently a fun and rewarding exercise platform. Benefits to the greater society will be generated through the collective DAO. FitR’s DAO directs treasury funds to beneficiaries and charities, particularly those focused on health-related issues. The FitR platform; through its collective DAO; will enhance the wellbeing of the FitR and broader community