By the end of October, friends who participated in the Hololaunch platform's token launch will definitely remember this project, as we were researching how to pass KYC at that time~
Congratulations to the early friends who successfully participated in Holo's token launch! 🎉
The TGE project Fight had a super fundraising multiplier of 122 times, raising over $198 million, and market funding is very hot.
Today not only brings news about going on Coinbase, but also announces the tokenomics, etc.
1. Project Overview
Fight.ID @JoinFightID, as a web3 ecosystem focused on combat sports, is the official partner of UFC (Ultimate Fighting Championship) and has years of agency rights.
The Fight project is mainly aimed at converting over 700 million UFC fans worldwide into on-chain participants, and deeply connecting fans, fighters, and brands~
Having top investors such as Jupiter, Blockchain, and Anthos Capital among other institutional investors
There are also many well-known fighters and former UFC legends forming a strong advisory team behind it
Having a strong community foundation, while also being practical and widely disseminated~
Two, core components of the ecosystem:
1️⃣ Fight.ID: On-chain digital identity system, proving the identity of fans or participants
2️⃣ Fight Points (FP): Equivalent to the project's reputation points, accumulated through participating in tasks, predicting events, etc., can be used for airdrop eligibility, rewards, and reputation proof
3️⃣ $Fight: Solana chain token (total supply of 10 billion), used for ecosystem access, staking, governance, rewards, fee payments, etc.
Three, token economics
-Total supply: 10 billion pieces
-Community allocation ratio: 57%, including airdrops, 15.5% released at TGE, followed by equal monthly releases over 47 months, solving the problem of excessive selling pressure in most projects
-TGE circulation is about 20.5% (mainly community + liquidity)
It is clear that the overall emphasis is on long-term construction, and incentives will be gradually unlocked according to the UFC event seasons~
Four, current participation methods
Participation entry: fight.id
1️⃣ Complete identity registration
2️⃣ Link Twitter account and UFC Strike platform account
3️⃣ Join DC
4️⃣ Complete daily tasks
5️⃣ Invitation incentives, etc. to complete point acquisition
6️⃣ Participate in staking activities
7️⃣ Fight Ticket NFT event
TGE is coming in Q1, those interested can join now, it seems there will be an exchange on Huobi later, Dream to get listed on Binance~ dyor~