In preparation for the launch of its MMA fantasy fighting Play-to-Earn (P2E) game, Fight Out is migrating its $FGHT token from Ethereum to Polygon.
The fighting game is coming to mobile soon and will offer ‘street fighter ’-like gameplay in a P2E environment.
$FGHT token’s migration will massively reduce gas fees for players of the highly anticipated play-to-earn fighting game.
Fight Out is already known for its Web3 gaming brand. Its Fight Out Fantasy App lets users bet on the outcome of upcoming events to earn points. The app can be downloaded from the Apple App Store and Google Play.
The next event to bet on is the UFC Amanda Lemos vs Virma Jandiroba fight taking place on 20 July.
In the new Fantasy App leaderboard players bet on outcomes such as who will win, in what round, and by what submission.
Every week there is a new leaderboard for who gets the most points. These points build up your Fight IQ – which is a metric that feeds into the P2E and Move-to-Earn (M2E) Fight Out ecosystem.
Now, in the second major part of the ecosystem, Fight Out is gearing up for the launch of its MMA/Fighting-style game.
Here’s how the migration of the $FGHT token works
Migrating the $FGHT token from Ethereum to Polygon means the token will be better suited for gaming. The migration involves an airdrop of equivalent $FGHT tokens on Polygon to current Ethereum token holders.
Brace yourselves, fighters! Our #FightOut app is COMING SOON!
Here’s a little sneak peak for you.
Stay tuned for the official launch date!#MMA #UFC #AltSeason #Web3 pic.twitter.com/FbfwXevuCc
— Fight Out (@FightOut_) April 29, 2024
A snapshot of the $FGHT holders on Ethereum chain will be taken at 2pm UTC on 22 July. On the 23rd, at 2pm UTC, the airdrop and pool migration will take place.
The other details of the Airdrop to current holders are as follows:
- All current $FGHT token holders on Ethereum will receive an equivalent amount of $FGHT tokens on Polygon.
- Users who have not claimed their $FGHT tokens from the presale will be airdropped their tokens.
- Users with staked ETH $FGHT tokens will have their tokens mirrored in a new Polygon staking contract.
Wallet Addresses:
- Both Ethereum and Polygon are EVM networks, so user wallet addresses for ETH $FGHT and Polygon $FGHT will be the same – this is different from the token address, which will change
- Users only need to switch their wallet chain and import the new Polygon $FGHT token address to view their new tokens on Polygon.
Liquidity Pool:
- The liquidity pool (LP) for the ETH $FGHT token will be pulled.
- A new LP using these funds will be created for the Polygon $FIGHT token.
The release date of the fighting game will be revealed soon, according to the team.
MMA-focused Fight Out targets an audience of 20 million active users
Fight Out raised nearly $6.2 million in its presale which ended in early April 2023. Since then the team has been hard at work executing its roadmap. The third part of the ecosystem is the move-to-earn element, as detailed on the roadmap.
MMA is a fast-expanding sport which, when married with the world of betting and gaming, provides Fight Out’s multi-product offering with a large and expanding addressable market of 20 million active monthly users.
Meanwhile, its marketing network includes 100-plus high-performance sports, gambling, crypto and news sites. In addition, Fight Out also commands a partnership portfolio that numbers 200-plus external sites that host display and paid advertising.
Check FightOut Here
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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