beFITTER
Crypto Overview
Overview
beFITTER is a move-to-earn cryptocurrency project launched in 2022 on the BNB Smart Chain. The project aims to promote physical fitness by rewarding users with FIU tokens for completing fitness activities and workouts tracked through their mobile application.
Purpose and Utility
The primary stated purpose is to incentivize physical fitness and healthy lifestyle choices through tokenized rewards. Users can earn FIU tokens by completing workout sessions, achieving fitness goals, and participating in the ecosystem's activities. These tokens can be used for in-app purchases, NFT acquisitions, and trading.
Business Model Analysis
The project generates value through: 1) The mobile app ecosystem where users track fitness activities 2) NFT marketplace for fitness-related digital assets 3) Token utility within the platform's economy
Real-World Adoption
The project has shown moderate adoption with their mobile application available on major app stores. The ecosystem includes fitness tracking, social elements, and marketplace features. While trading activity exists on decentralized exchanges, the primary utility remains focused on the fitness tracking and rewards system.
Development Activity
The project maintains active development of their platform and mobile application, with regular updates and feature additions. The team appears focused on expanding the ecosystem's functionality and improving user experience.
Token Distribution
Token distribution includes allocations for the ecosystem rewards, team, development, and public sale participants. The project implements vesting schedules for team tokens to align long-term interests.
Crypto Impact
To assign a comfort level investing in beFITTER from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to beFITTER.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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