The sports industry is a very diverse industry including segments such as professional sports, athletics competitions, health and fitness, recreational sports, facility management and so on. The industry is currently experiencing rapid growth and development, and sports managers in each segment currently growing face ethical problems specific to each segment. FIT investigates professional sports, inter-sector athletics, health & fitness sports, sports leisure management segments, sports industrial facilities and is addressing many ethical issues faced by managers of each of these segments.
What is FIT Token?
FIT is the first decentralized Fitness and Sport platform, built on the Ethereal network. FIT Tokens are developed to improve Fitness & Sport Industry by developing Smart and Innovative Concepts that suit everyday people in Blockchain.
Fit Token is a decentralized opportunity for blockchain community members to buy membership and order at Fitness & Sport Entertainment Center from the convenience of their mobile app or web based platform.
The FIT Token app will be a key tool for every Fitness & Sport Center to perform their daily tasks. Fit tokens will be an advanced application for the Fitness & Sport Center Management System that will utilize the Blockchain network. We strongly believe that blockchain technology has tremendous potential to help speed up Online Membership Subscription to the Sports and Entertainment Center.
Who is FIT?
What problem does FIT want to solve?
One of the least known aspects of sports management is the health and fitness industry. Health clubs and fitness centers possess a unique set of ethical issues that they face. Many health clubs have high pressure sales, which is a term that describes the quota that your employees must meet monthly to keep their jobs. The problem with many of these clubs is that if each employee filled out their quota, there would be many members to serve. Another ploy that many of these places use is getting members to sign up for lifetime associations or forcing them to sign long contracts even though the person may leave after only a few months.
As the sports industry has grown, there has been a shift in focus towards a more lucrative approach to doing business. With this change, as with any developing industry, comes a series of escalating pains accompanied by many new and varied ethical considerations for managers in the industry. The FIT will focus on selected ethical issues facing sports centers throughout the sports industry segments.
How does FIT help the sport industry?
- The FIT provides a decentralized data repository based on Blockchain controlled by members to ensure optimal security, portability and personal benefits.
- The Blockchain is a perfectly transparent system on which customers can use FIT Tokens to pay for membership.
- FIT will be a decentralized and revolutionary application for the Fitness & Sport Centers enthusiast.
- FIT will be building a next generation Fitness and Sport Center platform based on the technology block chain . We firmly believe that blockchain technology has enormous potential to help accelerate the fitness and sports industry. So being the reason to use the crowdsale token
pre-sale mechanism of our product and financial development as opposed to traditional venture capital.
Ini coin offering (ICO)
FIT Tokens will launch its own ICO (Initial Coin Offering) on November 24, 2017. The ICO period will continue until January 24, 2018 after which the token sale will be locked. Taking sales token will ensure FIT Tokens may not be devalued due to inflation. Our ICO is a fund-raising campaign based on the Smart Ethereum Contract. To participate in ICO you must have a crypto currency coin, which you will use to purchase our tokens.
Here is a brief overview of the ICO Parameters:
The total inventory of Token will be limited by 400,000 FIT
Amount to be raised:
– Minimum: 3500 ETH
– Expected: 45 000 ETH
– Maximum: 300 000 ETH
Token FIT — Sale Token in Pre ICO Sale
Our pre-ICO will begin on October 30, 2017 and will last approximately 4 weeks until November 30, 2017. In Pre ICO sales, we will sell about 10% of the total made 12, 500,000 Tokens at $ 0.10 per FIT
Fund Allocation During Pre ICO Sale
Funds allocated during Pre-ICO will be used for marketing and development purposes. COCOK coins will spend a lot of money for marketing purposes and will implement long-term marketing plans by planning some digital marketing approaches such as banner ads, press releases, signature campaigns and social media.
ICO FIT main token
At this stage, we plan to launch a major ICO to raise funds and initiate an immediate exchange of FIT Tokens from your contribution. The total inventory of the Token will be limited by 400,000,000 FIT eg 400 Million FIT.
➢ People who want to use or donate to support the new FIT Token will participate in crowdfund by sending FIT Tokens to the project address.
➢ At the end of ICO Utama, each participant will receive a FIT Token in accordance with the amount of ether or value in US dollars they donate. The more FIT tokens in the crowdfund, the more important each sign is.
➢ After the crowdfund ends, the token will be traded on various exchanges where the value will be determined by supply and demand.
➢ Tokens are then sold to provide funds for investment in future project growth, paying team members for the development of their business, and to promote this project further mentioned in Pre ICO.
➢ We use key concepts such as cap, floor, escrow, audit, bonus, and incentives to protect crowdfund participants from unscrupulous projects, and avoid FIT Tokens from inflation. Furthermore, the implementation of this rule will ensure that those who try to deceive the token holders of the Fit Tokens from their hard-earned FIT Token remain unsuccessful and token holders are rewarded for showing enthusiasm for the project. Hard cap value is maintained 100 million FIT Tokens.
Distribution of Tokens
- 200,000 FIT or 50% of the total will be sold to crowdsale participants. This includes tokens that are available during pre-sales and major sales.
- 75,000,000 FIT or 20% of the total will be issued to develop the Platform and provide incentives to key stakeholders, promote the Platform and reward the initial adapters. Subject to lock down periods.
- 75,000,000 FIT or 20% of the total will be used Marketing, Advisors and Owners
- 50,000 000 FIT or 10% allocated to Rewards for platform users.
Token Sales Structure
Wallet for contributions: BTC, ET, DASH, ZCASH, WAVES
Pre-sales: 10% = 12 500 000 pre-sale tokens at $ 0.10
Initial public sales capitalization:
Stage 1: 25 000000 FIT Token @ $ 0.20 per token (0.00075 ETH)
Stage 2: 25 000000 FIT Token @ $ 0.25 per token (0.00095 ETH)
Stage 3: 25,000 000 FIT Token @ $ 0.30 per token (0.001 ETH)
Stage 4: 25,000 000 FIT Token @ $ 0.35 per token (0.0013 ETH)
Stage 5: 42 500 000 FIT Tokens @ $ 0.40 per token (0.0015 ETH)
Stage 6: 42 500 000 FIT Token @ $ 0.50 per token (0.0019 ETH)
Bounty: Prize will be launched to refer and sell FIT Token. 20% will be added to bounty participation. Minimum FIT token to be purchased at Pre-sale: 3000 FIT
All early adopters who buy tokens will receive a 20% bonus from a number of tokens that are purchased privately, and will be delivered to their FIT Platform when it becomes functional.
Why Invest in FIT Tokens?
- Decentralized system: FIT Token will be a completely decentralized platform and will use existing blockchain applications All user data will be stored in blockchain as FIT token compliance results do not have to worry about with the privacy of their digital assets.
- No Transaction Fees: Third party related transactions such as a Bank or exchange can be more expensive and time taken. The Token FIT, on the other hand, is built on a distributed blockchain based technology that holds users of the FIT Tokens client server that runs and connects to other nodes. In this way, it allows users to contribute to the network and take action in transaction authorization. In simple words, each transaction does not care about the value and where it happens, is authorized after the complete participation of each user connected to the network. In this way the transaction costs are equally divided, and individually the price is virtually no user.