New Move-To-Earn Token Explodes Over 243% in Just Seven Days Amid Crypto Market Doldrums
A small-cap altcoin offering users the ability to earn tokens through active participation is outpacing the crypto markets in a big way.
The move-to-earn Step App (FITFI) is a Web 3.0 digital fitness protocol that merges exercise, socializing, playing and earning crypto into one.
FITFI stands for Fit Finance. As part of the app’s gaming side, users will be able to purchase digital sneakers in the form of non-fungible tokens (NFTs). Two other tokens, KCAL and SNEAK, are deployed as part of the ecosystem.
The project’s litepaper explains,
“KCAL tokens are the in-game token… used to buy SNEAKs and are earned from running while staking a SNEAK.”
Stakers of FITFI earn tickets that give users access to NFT drop events where new collections are released.
Step App began during the fourth quarter of 2021 and boasted over 113,000 sign-ups in advance of its recent beta launch.
The project’s website says that the Step App is “powered by the leading technology in metaverse, augmented reality, and blockchain” to help users reach their fitness goals while also engaging in friendly competition with other participants.
Last week, Singapore-based Crypto.com App listed FITFI on its marketplace, as did the Hong Kong exchange Huobi.
Popular crypto analyst Michaël van de Poppe is also keeping his eye on the investment potential of the new fitness-oriented niche of crypto.
Van de Poppe tells his 591,500 Twitter followers,
“The entire move-to-earn momentum has probably some more coming up.
I’m expecting FITFI and XCAD [XCAD Network] to do relatively well.”
The Step App token debuted last Tuesday valued at $0.187, slowly working its way up to a peak of $0.642 on May 1st, marking a 243% rise.
FITFI has since witnessed some choppy corrective price action, down 5.84% at time of writing and trading for $0.538.
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Featured Image: Shutterstock/dubassy/Natalia Siiatovskaia
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Author: Daily Hodl Staff
