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