Token Economics

Here is an explanation of our utility and governance token.

Utility Token

• BNB on the BNB Chain will be used for all transaction on the FitOff App including for purchases of NFT Characters, PRE Token, NFT Music, prize transfers, and gas fees.

• Pre-workout Token (PRE) will be used as a ticket to enter competitions with an unlimited supply and a fair sale. Users can stock up as much PRE as they want, but only one PRE can be used per competition, so 1 PRE = 1 Ticket to enter a competition.

Governance Token

Our governance token will have a ticker of $FITO for FitOff. It will be used in our DAO as a voting rights for any proposal or changes towards the FitOff ecosystem.

• Total Supply

  10,000,000 FITO

• Total Allocation

  • Private Sell 7%

  • Public Sale 50%

  • NFT Character Holder 11.111%

  • Team 3.889%

  • Liquidity 2%

  • Treasury 20%

  • Marketing 6%

• Vesting Period

  • Vesting period: 22.5% of total supply every year for 4 years:

    • Private sale's vesting period: 1.75% of total supply every year for 4 years.

    • NFT holder's vesting period: 2.77775% of total supply every year for 4 years.

    • Team's vesting period: 0.97225% of total supply every year for 4 years.

    • Treasury vesting period: 5% per year for 4 years after private sell.

    • Public sale supply release period: 23% per year for 2 years after public sale aside from initial supply.

• Initial Supply

  • FITO's Initial supply will be 10% of total supply and are going to be distributed as explained below:

    • Marketing at 2% of total supply.

    • Liquidity at 2% of total supply.

    • Public Sale at 6% of total supply.