Recapitulation of Fit Burn PROJECT AMA event held at AMA LOVERS CLUB.
Date: Friday, 26th August, 2022
Time: 14:00 PM UTC
The Fit Burn PROJECT team was represented by @CapitalCryptotrade who judiciously shared with us detailed knowledge and information about Fit Burn PROJECT.
1st Segment: INTRODUCTION
✨✨QUESTION1🩸: Can you please introduce yourself and your background, also introduce the team working on Fit Burn?
👉ANS: yes sure!
my name is Alex Meurer, im orginally from germany, 35 years old, live in dubai and are over 7 years active in the blockchain space!
Im / was advisor in a lot of tier 1 projects and are also better known on Youtube under AMCrypto or on Twitter
Im the CIO at Fitburn and handle all investor relationships for our fundraising as i have built an extensive network in the space
The other Co-Founders are:
Ferhat Kacmaz ,CEO, a Fitness Industry Verteran with over 15 years expierence in building / leading fitness clubs and was actually the first one to bring EMS Training to Dubai with 2 big globally renown Gym Franchises
Sebastian Menge is our COO, and is taking care of most of our daily operations and is coordinating our Teams
Sebastian comes from a bodybuilding backround and has massive connections to a lot of prominent Fitness Stars which will help us to push our project!
Chris Stuart is our CSO , a versatile buisness stratigist which has build multiple companies in the recycling industry (he started by collection empty bottles while beeing homeless!!!) and is also a gym fanatic.
✨✨QUESTION2🩸: Can you introduce Fit Burn project, what critical problems does it solve that existing solutions are not solving and what's the competitive advantage?
👉ANS: yes of course! 🔥
In today’s world a lot of people that are working out have a massive problem….
Beeing in shape comes at a cost, financially….membership fees,healthy nutrition , personal trainer…these things add fast up to a big part of your income and also the time that you spent in a gym is not getting rewarded in financial terms.
Fitburn is the first Fitness Application that will allow you to earn while you are going to Gym mostly anywhere in the World and to reward you for every minute of your workout!
Users of our Application only need to hold one of our NFT’s to be able to earn and in Partnership gyms the membership for the gym is already included!
Our primary vision is to disrupt the fitness industry and allow our users to earn CAL Tokens and to become part of our Eco System.
✨✨QUESTION3🩸: Can you briefly tell us about the Fit Burn earning mechanism?
👉ANS: thats a good question! ❤️
The utility of our CAL Token is that the Token will allow you to become part of our movement and eco system ! Cal Tokens can be earned in every workout session
The Cal tokens that you earn can then be redeemed for discounts at fitness merch partners : like adidas, nike, puma to give you a few examples what kind of partners we are targeting! Also the token can be used for nutrition plans, workout plans, personal trainer sessions und many more things in the future.
Cal Tokens will also give you the possibility to decide in which direction Fitburn is moving through our Governance System.
✨✨QUESTION4🩸: Can you briefly describe your PARTNERSHIPS and BACKERS so far?
I cant reveal much about existent partners and backers as we still want to keep that for us for a while as we are just launching our website and releasing our whitepaper & litepaper in the next coming days ,BUT i can tell you that we talk to the biggest gym brands accross multiple continents and they LOVE our project and we have some well known sports athelets already signed!!!
✨✨QUESTION5🩸: Alright, let's proceed to the final question on this segment.
Can you give an overview of the Utility of Fit Burn's Tokens?
👉ANS: our CAL Token is not just one of these Move2Earn Ponzi token that you can just earn and sell in the open market which will lead to a steady decline in price! NO!!!!
We have created a movement and a eco system around our CAL Token, we will have an In-App Marketplace that will allow you to redeem your CAL Tokens for discounts at major Sport / Fitness Brands like Adidas, Puma, Nike (as an example) , buy nutrition plans, workout plans, personal trainer sessions and also to increase the minutes amount that you can workout and earn while using the app via staking. Apart from that we have also a Governance System as we want the community to tell us in which direction we should move and want to work closely with our Users ❤️.
2nd Segment: LIVE Questions
✨✨QUESTION1🩸: I have seen couple of videos where people find means of cheating in most Move to Earn projects. Can you tell us how you intend to actually know if someone is working out or not?
👉ANS: Hi! yes this is a major problem for most Move2Earn projects!
With us (we hope) that wont be possible!
We are spending a lot of time on anti cheating measures
We will track your activity through any kind of smartwatch which will track your heart beat, our AI will learn after a while in which range your heart beat goes up while you work out , so the AI will then be able to recognize abrupt changes if you pass for example your smartwatch to somebody else with the app and wont give you any rewards for that session.
✨✨QUESTION2🩸: Some projects usually come with Play2earn and Move2earn concepts, but Fit Burn comes with a "Burn-to-earn" concept. So can you introduce this to us? How does this method actually work? Also, is your NFT t-shirt required for this method?
👉ANS: Burn2Earn means you burn Calories , what you do anyway, which we will track through our smartwatch and reward you accordingly with CAL Token . Yes you need an NFT Shirt to be able to earn and use the App.
✨✨QUESTION3🩸: Can I imagine that soon your platform will be integrated/partnered with individual gyms in my own country? In which countries do you aim to integrate with the GYMs?
👉ANS: We are talking to Gyms in Europe, USA, Russia and UAE for now but we are connected to the No. 1 Gym Brands in other continents but the first 4 will be most likely where we rollout our app first.
✨✨QUESTION4🩸: One unique thing I noticed in Fit Burn is that NFT holders will have the ability to 'wash' their NFTs. Can you explain how users 'wash' their NFTs? But since this is NFT, I wonder how this "wash" function works? Does this refer to an NFT upgrade? and What is this wash mechanism?
👉ANS: it works the same way as with Stepn Shoes, the more you walk the more you have "used" them and need to fix them.
Same here with our shirt the more you workout the dirtier the shirt gets and it has then to be washed to restore the max. reward capability.
✨✨QUESTION5🩸: Staking : Entering exclusive/VIP events, can you explain a little about these events? and how much is the #APY for staking $CAL?
👉ANS: sure! The APY is around 400% and staking over a certain period of time while entitle you to participate in private hosted Events by Fitburn , i can give you guys a small sneak peak, we will ALWAYS draw 4-5 people that we are inviting from our community to come to these events , all expansives paid by us (Hotel & Flight) no matter where in the world you live!
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