Last updated
Last updated
The beFITTER features revenue streams where players can exchange tokens, which can be found as follows:
*Note: The number is subject to change with notice based on the economic situation.
(1) NFT Items Sale
The reserved Genesis Shoe NFT and other limited collections would be sold in special events for users who stake $FIU or hold the first Genesis Shoe NFT.
(2) NFT Level-up, Repair and Mint
A 5% tax on in-app activities, including NFT leveling up, repairing and minting NFT to create a new one.
(3) Challenge
Users spend $FIU to join 1vs1 challenges or buy tickets to participate in a tournament, where they have a chance to receive a higher reward than in solo activities. The organizer, which is beFITTER in the early stage, would take 5% of the winning pool.
(4) Transaction Fee
A 2% fee on all NFT trades on the in-app NFT marketplace, 0.5% fee but not less than a fixed number when withdrawing a token from spending to wallet. Fee is paid by the token which is withdrawn (HEE,FIU,BNB). When withdrawing NFT, the fee is a fixed number of HEE. These fixed numbers ensure our system has enough gas fee to process the transaction.
(5) Rental Commission Fee
There are 2 forms in the rental system: fixed rent and profit sharing. We will charge a 5% fee from the shoe rental profit of the owner.
(6) Advertising & Brand Collaboration Fee
displaying ads within the app and collaborating with brands to launch new shoe collections. This fee is up to negotiation with partners.