🪙Tokenomics

The economic foundation of the FitZen platform is underpinned by our native cryptocurrency, the FitZen Token (FITZ). As an integral component of our ecosystem, the FITZ token facilitates various transactions, rewards, and operations within FitZen.

1. Purpose and Usage of FITZ

FITZ is the designated utility token within the FitZen ecosystem.

The FITZ token embodies the tangible connection between fitness activity and rewards in the FitZen ecosystem. Its primary function is to incentivize and reward users for their engagement and progress in their fitness journey. It can be utilized within the platform to acquire Sneaker NFTs, cover maintenance fees, and participate in exclusive activities and events. Beyond personal usage, FITZ also fosters a lively marketplace where users can trade Sneaker NFTs, thus promoting a vibrant, health-centric economy.

2. Token Supply

With the supply of 36,000,000 tokens, FITZ tokens provide a sustainable mechanism for ongoing user rewards. FitZen users mine FITZ tokens by tracking their physical activities through our application and reaching pre-determined fitness targets. This way, we encourage our users to maintain a healthy lifestyle while benefiting from their progress.

3. Token Burning Mechanics

Token burning is an essential aspect of our tokenomics, serving to manage the circulating supply and provide potential value appreciation for the FITZ token.

The combined effect of these mechanics is designed to balance the token supply with platform growth, provide sustainable rewards for our users, and encourage participation in the FitZen ecosystem.

Further Information

Our team understands the significance of clear and comprehensive information in making informed decisions. We are currently finalizing additional details of our tokenomics, including specific distribution ratios, burning rates, and other related factors. These crucial aspects of our ecosystem will be communicated to our user base in the upcoming period. We encourage you to stay connected with us and regularly check our official communication channels for these updates to better navigate and thrive in the FitZen world.