beFITTER Whitepaper
Search…
Revenue Flow
The beFITTER features revenue streams where players can exchange tokens, which can be found as follows:
(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 Fee is paid by the token which is withdrawn (HEE,FIU,BNB).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.
*Note: The number is subject to change with notice based on the economic situation.
Copy link