• About us
  • Advertise
  • FAQ
  • Login
  • Register
CoinFractal
Advertisement
  • Home
  • Bitcoin
  • Crypto
    • Ethereum
    • Litecoin
    • Binance Coin
    • Ripple
    • Stellar
    • ChainLink
    • EOS
    • DogeCoin
  • Markets
  • Guides
  • Tools
    • Alerts
    • Charts
    • Convert
    • Apps
    • Exchange
    • Ideas
  • About us
    • Write for us
    • Advertise
    • Subscription
    • Upgrade
  • Contact Us
No Result
View All Result
  • Home
  • Bitcoin
  • Crypto
    • Ethereum
    • Litecoin
    • Binance Coin
    • Ripple
    • Stellar
    • ChainLink
    • EOS
    • DogeCoin
  • Markets
  • Guides
  • Tools
    • Alerts
    • Charts
    • Convert
    • Apps
    • Exchange
    • Ideas
  • About us
    • Write for us
    • Advertise
    • Subscription
    • Upgrade
  • Contact Us
No Result
View All Result
CoinFractal
No Result
View All Result
Home Apps

Blockchain-Based Fitness Brand, BlockFit, Looking to Revolutionise Health and Fitness Sector

Ash Bonga by Ash Bonga
May 17, 2022
in Apps, Blockchain, Crypto, Metaverse, News, NFT
Reading Time: 4 mins read
Blockchain-Based Fitness Brand, BlockFit, Looking to Revolutionise Health and Fitness Sector
200
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

BlockFit. A decentralised, NFT, cryptocurrency, metaverse brand looking to revolutionise the health and fitness sector. 

Related articles

A Brief Guide On Blockchain And Crypto Security

A Brief Guide On Blockchain And Crypto Security

November 23, 2022
How to develop a DApp on a Polygon node?

How to develop a DApp on a Polygon node?

June 28, 2022

BlockFit is a brand looking to revolutionise the health and fitness sector with the world’s first train to earn platform. With BlockFit, the traditional pay to train model is reversed, BlockFit allows users to earn cryptocurrency rewards for partaking, Fiin activities within the BlockFit ecosystem. Using the BlockFit platform, users have the ability to reach their personal health and fitness goals, take part in specialist courses, all while earning the native cryptocurrency. 

BlockFit courses will be fitness, health, wellness, and nutrition activities created by BlockFit. Native courses will take place in a multimedia format including VR, video, and written content. Through the completion of courses, users will earn TER tokens, allowing for users to level up their memberships in the Upgrade Centre. Participation in BlockFit courses is free; although users will be required to hold the required membership level for participation.

Community Courses 

Community courses are specialised fitness related courses run by the BlockFit community. These courses will take place on the BlockFit platform, with community course spaces purchasable in an NFT format. There will be an initial amount of 100 community course spaces, with one course space released per month. 

Course spaces can be purchased or sold on the BFIT Marketplace. Should a user purchase a community course space, they will receive: an exclusive studio in the BlockFit metaverse centre, exclusive ‘owners’ metaverse avatar, ability to generate income through charging users for course attendance, real life BlockFit wearables and much more. 

BlockFit Ecosystem 

Users, in order to fully utilise the BlockFit ecosystem, will require a BlockFit membership. BlockFit memberships are in the form of NFTs which are purchasable on the Ethereum blockchain. 

There are three types of BlockFit NFTs:

Rookie NFT: they are the most basic NFTs available and are free to mint. The Rookie NFT allows an introductory level of access to the BlockFtt ecosystem 

Standard NFT: these NFTs provide varying ecosystem accessibility due to their level up feature. Standard NFTs range from level 1 to level 49 and can be upgraded in the Upgrade Centre. Additionally, Standard NFTs can be levelled up to Elite NFTs. Memberships are upgradeable with TER tokens. Through upgrading, users will receive additional token benefits and increased BlockFit ecosystem access.

Elite NFT: provides complete ecosystem access, allowing users to fully utilise BlockFit. Elite NFTs will only be available for purchase in the first membership drop, with all additional Elite NFTs only being created through the Standard NFT level up process. Once a user’s NFT reaches level 49, they can make the final membership upgrade to level 50 (Elite NFT). In order to upgrade to level 50, the user will be required to pay BFIT and TER. Upon reaching level 50, users will be able to access the entire BlockFit ecosystem and additionally receive: Gold Membership access pass, exclusive metaverse BlockFit Clubhouse access, exclusive Discord access, and community course marketplace. 

Membership Centre

The BlockFit Membership Centre allows users to conduct a wide range of activities with their membership NFTs. The Membership Centre consists of three core elements: Membership rental, Rookie minting, and Membership upgrade. 

The membership rental service allows for users to rent other users membership NFTs, and vice-versa. With the rental service, users have the opportunity to earn cryptocurrency rewards on their NFTs. 

Should a user be unable to use their membership NFT, they can rent it out. The rental section within the Membership Centre allows users to earn BFIT tokens from the NFTs. Upon placing an NFT onto the rental marketplace, renters will decide rental lengths and rental prices. When renting out an NFT, the renter will not be able to participate in the BlockFit ecosystem. 

Rookie NFTs will have an unlimited supply, with users able to mind a Rookie NFT as they please. Due to unlimited minting, Rooking NFTs will have little to no value. However, Rookie NFTs will provide an accessibility stepping stone for those looking to access the BlockFit ecosystem, while earning a small amount of TER.

The Upgrade Centre allows users to update their BlockFit NFT memberships. Memberships become increasingly difficult (costly) to upgrade as the NFT level increases. As users increase their membership, TER rewards availability to earn increases linearly. 

The BlockFit membership centre offers a range of membership activities, offering users the ability to earn from their NFTs, increase their NFTs level, and create new memberships. 

DAO

BlockFit will be a fully Decentralised Autonomous Organisation by the end of the Vallee BlockFit roadmap stage. Decentralisation is the ultimate goal for BlockFit, giving full power to the BlockFit community by: allowing for the introduction of user voting, then allowing users to make proposals to the DAO to be voted upon. The DAO will ensure fairness and decentralisation across the BlockFit ecosystem. 

To conclude, through blockchain developments and BlockFit innovation we have been able to successfully reverse the pay to train model, creating a unique product and ecosystem. To stay up to date with the latest BlockFit information, be sure to follow us on Twitter. 

 

Tags: $BFITBlockchainBlockFitCrypoFitnessHealthMetaverseNFTTrain2Earn
Share80Tweet50
Previous Post

Elwood Closes $70 Million Funding Round Backed by Dawn Capital & Goldman Sachs

Next Post

Crypto Tigers. A Marketing Team Helping Companies Boost Their Social Network Presence

Ash Bonga

Ash Bonga

Digital Asset Trader, Writer & Online Entrepreneur

Related Posts

A Brief Guide On Blockchain And Crypto Security

A Brief Guide On Blockchain And Crypto Security

by user_admin
November 23, 2022
0

With this being said, a lot of buzz on the potential of web3 makes it attractive for hackers to pry...

How to develop a DApp on a Polygon node?

How to develop a DApp on a Polygon node?

by Ash Bonga
June 28, 2022
0

Polygon network: A comprehensive side chain solution to Ethereum. Polygon network, often referred to as "ethereum's internet of blockchains' 'is...

ASM Partners With Muhammed Ali Enterprises To Create Metaverse/AI Boxing Game

ASM Partners With Muhammed Ali Enterprises To Create Metaverse/AI Boxing Game

by Ash Bonga
May 26, 2022
0

ASM in partnership with Muhammed Ali Enterprises and Non-Fungible Labs, The Leader in Web3 Artificial Intelligence, ushers new audiences into...

Defi Technologies Launches Enjin & Cosmos ETPs on Frankfurt Stock Exchange

Defi Technologies Launches Enjin & Cosmos ETPs on Frankfurt Stock Exchange

by Ash Bonga
May 26, 2022
0

DeFi Technologies Launches Valour Enjin and Cosmos ETPs on the Frankfurt Stock Exchange. DeFi Technologies, Inc....

Elwood Closes $70 Million Funding Round Backed by Dawn Capital & Goldman Sachs

Elwood Closes $70 Million Funding Round Backed by Dawn Capital & Goldman Sachs

by Ash Bonga
May 17, 2022
0

Elwood Technologies Closes $70M Series A Funding Round by Dawn Capital and Goldman Sachs. Elwood Logo...

Load More
Next Post
Crypto Tigers. A Marketing Team Helping Companies Boost Their Social Network Presence

Crypto Tigers. A Marketing Team Helping Companies Boost Their Social Network Presence

  • Trending
  • Comments
  • Latest

$COTI Token Looks Poised For Bullish Price Action,, Following Announcement of Upcoming COTI Pay, Physical Debit Cards

May 13, 2021

Coinbase Users Can Now Gamify Their Experience Through League of Traders Integration

June 25, 2021

Shiba Inu Token, $SHIB Now Available On Nerve Network, Through Cross-Bridges

May 13, 2021

Huobi Ventures Launches with $100M for Early Stage DeFi Investments, Mergers and Acquisitions

May 19, 2021

PayPal Users Can Now Check Out With Crypto

0

Global Financial Regulators Now Eyeing Defi, Altering Guidance Wording To Accommodate NFT’s

0

Mercury FX, & Ripple Launch Remittances Pilot In South Africa, Also Inducted Into IFWG Sandbox

0

FTSE Russell’s Portfolio Allocation Strategy For Institutional Investors, Targeted At Mitigation Volatility Risk

0
A Brief Guide On Blockchain And Crypto Security

A Brief Guide On Blockchain And Crypto Security

November 23, 2022
How to develop a DApp on a Polygon node?

How to develop a DApp on a Polygon node?

June 28, 2022
Fracas Digital

Fracas Digital

June 27, 2022
Bitcoin Price Analysis

Bitcoin Price Analysis

June 27, 2022
CoinFractal

CoinFractal is cryptocurrency trading news, insights, and market forecast platform.

Categories

  • Altcoins
  • Apps
  • Bitcoin
  • Blockchain
  • Business
  • CBDC
  • ChainLink
  • Crypto
  • Defi
  • DogeCoin
  • EOS
  • Ethereum
  • Ethereum
  • Events
  • Government
  • Guides
  • Ideas
  • Insights
  • Litecoin
  • Litecoin
  • Markets
  • Metaverse
  • Metaverse
  • Mining
  • News
  • NFT
  • Press Release
  • Ripple
  • Solana
  • Stellar
  • Technical Analysis

Tags

$BTC $DOGE $ETH $SHIB Adoption Altcoin Altcoins Art Binance Bitcoin Blockchain Bullish Action Candlesticks China Coinbase Crypto Cryptocurrency Crypto Payment Crypto Users Defi Digital Assets Enterprises Etheruem Exchange Listing Exchanges Fintech Huobi Institutions Investment Lending Market Crash Markets Market Stories Metaverse NFT Partnership Portfolio Price Action Price Analysis Regulation Research Stablecoin Technology Trading Volatility

Newsletter

The most important world news and events of the day

Be the first to know latest important news & events directly to your inbox.

By signing up, I agree to our TOS and Privacy Policy.

  • About us
  • FAQ
  • Contact Us
  • Cookie Policy
  • Privacy Policy
  • Terms and conditions
  • Disclaimer

© Copyright 2021, All Rights Reserved by CoinFractal. Made by Mobile & Web Development Company - Ingenium Web

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto
    • Ethereum
    • Litecoin
    • Binance Coin
    • Ripple
    • Stellar
    • ChainLink
    • EOS
    • DogeCoin
  • Markets
  • Guides
  • Tools
    • Alerts
    • Charts
    • Convert
    • Apps
    • Exchange
    • Ideas
  • About us
    • Write for us
    • Advertise
    • Subscription
    • Upgrade
  • Contact Us

© Copyright 2021, All Rights Reserved by BizzNerd. Made by Mobile & Web Development Company - Ingenium Web

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
bitcoin
Bitcoin (BTC) $ 28,415.61
ethereum
Ethereum (ETH) $ 1,796.24
tether
Tether (USDT) $ 1.01
bnb
BNB (BNB) $ 341.13
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.385741
cardano
Cardano (ADA) $ 0.346437
matic-network
Polygon (MATIC) $ 1.16
staked-ether
Lido Staked Ether (STETH) $ 1,792.47
dogecoin
Dogecoin (DOGE) $ 0.074595
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?