Ask Me Anything with Fitburn at ICOSpeaks: AMA Summary

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fitburn ama and icospeaks
fitburn ama and icospeaks

September 20-th Fitburn held an Ask Me Anything session with the ICOSpeaks team at our telegram chat.

 


1️⃣ Block 1  – self introduction from  today’s  speaker 

Before we go to the first set of questions, could you please do a short self-intro?

👨‍💻 Alex Meurer |  CIO |  @CapitalCryptotrade
My name is Alex Meurer im the Chief Investment Officer (CIO) at Fitburn, im over 7 Years in Crypto and have also a Youtube Channel (AMCrypto). Im a professional Trader & Angel Investor. At Fitburn
Im in charge of Fundraising due to my extensive network in the space.

2️⃣ Block 2 – project introduction by speakers
First set of questions to introduce the project!

📌 Q1. Can you please introduce yourself as well as FitBurn ?
My name is Alex Meurer. I’m the CIO of Fitburn, originally from Germany but now living with the Fitburn team in Dubai. I have a Crypto Youtube Channel called “AMCrypto”. I’ve been in Crypto for over 7 years now, I have spoken at a lot of events and taught over 5000+ people how to trade and have invested in more than over 100 Start Ups in the last 2 years.
At Fitburn I’m focusing on partnerships, collaborations and influencer management and always try to come up with new out of the box ideas that we can implement within FitBurn.

📌 Q2. What are the advantages of your project ?
Most , maybe even all , Move to Earn projects only focus on creating hype around their project and becoming a StepN copy with no real use case. The community basically just dumps the rewards against $$$ . We at FitBurn focus on creating a fully encircled eco-system where you can actually use our coin, not only within our App but also in the real world! 🥳🔥

📌 Q3. Please tell us about the goal you want to achieve this year.
We want to close all our outstanding funding rounds, complete the Beta testing of our app, secure Tier 1 exchange launchpads / listings and prepare for our Launch / TGE by end of the year / early Q1 2023 🚀.
We will also be present at a lot of crypto / non crypto events to create more awareness about FitBurn and our app.

📌 Q4. Every project has a story behind their name. Can you tell us more about the story behind this? Who is the team behind this project? Can you tell us their background?

Sebastian, one of my co-founders, came up with the idea of FitBurn in October. Last year, even before Stepn was in the market. He is a gym fanatic and thought it would be crazy if you could actually earn money while working out in the gym . A lot of professional bodybuilders spend thousands to prepare for competitions and that logically burns a deep hole in their pockets.

The rest of the team consists of our CEO — Ferhat Kacmaz, a well known Fitness Veteran in UAE. He brought in the first EMS Training to UAE and partnered with the biggest fitness/ gym brands in UAE with over 100k + gym members 11 years ago. Chris Stuart, our CSO , is an outstanding business strategist and has built multiple companies in the recycling industry, after having basically lived on the streets in Germany. He is also a true gym addict and a friend of Sebastian’s. Sebastian told me about the idea in October, but I didn’t believe in the potential of FitBurn back then. This totally changed when I saw other M2E projects coming into the market and joined the team.

 

3️⃣ Block 3 – question from ICO Speaks team
Questions from ICOSpeaks team!

📌 Q5. NFT is one of the hottest and most sought-after topics in the blockchain space right now. Can you share your opinion on NFTs with us? Do you think NFTs will disrupt the current financial system? What is your project’s approach to the NFT sector?

I’m actually not a huge fan of NFTs, but omg if you could already see our NFT designs!!! They are insane!!!
I see it as a double edged sword a little bit , there are a lot of useless NFTs out there that just try to raise money and leave the people with no real value. But then there are other projects that actually connect NFTs with real life events, real life use cases and try to disrupt the industry, just like we do at FitBurn.

 

📌 Q6. I read that FitBurn is The world’s first lifestyle revolutionary burn-to-earn application. Could you explain more about the mechanism and structure of burn-to-earn concepts? What are the opportunities that FitBurn offers to the user to earn more?

I can’t say too much about it because we have a lot of things in our pipeline that are still top secret 🤐🤫but let me tell you this:

We have a lot of events coming up and mainstream angles where we will push FitBurn.

FitBurn is a “first” with real life application for users in the fitness industry, The mechanism that we use is easy. You have to wear a smartwatch that we use to track your heart rate and based on your heart rate we will calculate how many calories you have burned in the gym. Based on that we will reward our users with calorie tokens that our users can then spend within our ecosystem for various things such as : fitness clothing, personal trainers, tailored workout plans, nutrition, and a lot of other things

 

📌 Q7. Can you explain what are the different NFTs that are part of the ecosystem? I read that owning any of them will give us different benefits, can you describe them? Finally, what are the ways to buy some of these NFTs?

Yes!!! 🔥

We will have common, rare, epic and legendary NFTs. The NFTs will be randomly given to our community at the minting stage to keep it fair for everyone. Depending on which NFT you have, you will have a booster that will allow you to train longer and therefore to earn more calorie tokens. You can buy our NFTs through our App in the future and directly through our website, as well as OpenSea and other marketplaces.

 

📌 Q8. What is the development roadmap of the FitBurn project at present and in the future?

We are going to get our clickable MVP within the next few days. Afterwards, we will test everything internally and fix already existing bugs and potential design adaptations

Next, we will go into a closed beta stage and will test everything again for the most seamless experience of our users.

Our smart contracts will be finalized in the meantime on BSC and Polygon. By end of October / November we should have a ready go-to market application, and will start the rollout of our open beta stage 💥🔥

 

📌 Q9. NFT collections are one of the hottest trends today and crypto users buy this even if it costs a lot. However, not all NFTs have value in the marketplace so can you tell us what are the utilities of FitBurn’s NFTs and how can we be sure that these NFTs have worth and value?

Our NFTs will potentially have an option to be rented from existing owners to ease people into our ecosystem without spending a lot on them initially. I can’t yet disclose all functionalities of our NFTs, but they will be more as just a “earn while you burn” NFT.

In the first stage, our NFTs will allow you to train for free in partner gym companies. Gym brands that are not in our partner program will still allow you to earn, but you will need to pay for your gym membership.

 

📌 Q10. Congratulations on the exciting launches of your Ambassador Program & the Dubai Trip Contest! Could you tell us more about these & what it is you are looking for?

Cant tell you much about it, its not my department , i know that we have a giveaway for a dubai trip for joining our gleam campaign (you can find the campaign on our socials & telegram)

I have too much things to do that i literally had no time to check on the ambassador program 😂

4️⃣ Block 4 –  Community Voice.
Community asks the questions they are interested in.

Q: Stability and survival of projects are important.  Who are the collaborations and partners? What trait do you trust that will keep you alive in the long run?

A:We cant reveal partners yet as we are still negotiating with a lot of them but one of our biggest partners to date is Mr. Olympia , the biggest body building competiton in the world. W
e will survive because of the eco system we create and the base layer of our tokenomics which are specifically designed to be anti ponzi 😄

Q: Currently from where I can buy ? Is it possible that I can get only by holding it?
A: You cant buy right now, we are in seed round , public sale will be end of this year or Q1 2023 🙂

 

Q: Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project? and How important is community to you?

A: Yes we do!  community is everything!

Q: Do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project?

A: Yes they do! we havent fully decided it yet but it will be major involvement in which direction we move in the future

Q: Do you have any plans to attract non-crypto investors to join your project? Because the success of a project attracts more investors who haven’t yet entered the crypto world. What are the plans to raise awareness about your project in the non-crypto space.

A: We have massive PR Campaigns in preparation for non crypto people to attract them to our product!

 

ICOSpeaks hosted an AMA Session with the Fitburn Team. That’s all for today.

Thanks to all users who participated.

Thanks, Fitburn for being with us

Thanks, all and see you soon😉

Cheers 🥂

Read our AMA guide on how to Launch successfully AMA Session in telegram

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