Introduction to SolFit
SolFit is the first Solana-based cryptocurrency that rewards their holders for being physically active. Staying physical in a digital world!
What is SolFit?
SolFit is a blockchain-based fitness application that incentivizes running through earning. A groundbreaking platform that merges the world of fitness with the power of cryptocurrency, SolFit has reimagined how physical activity is rewarded, empowering users to earn money while pursuing a healthier lifestyle.
Why SolFit?
As our world turns increasingly digital, the importance of physical activity becomes increasingly more important as well. People tend to spend more and more time working behind a desk with their computers, especially when considering people that are actively involved in the cryptocurrency space. This is where SolFit has positioned itself; a tool for smart cryptocurrency investors to remain active in the space, while also getting to be active physically.
After excessive brainstorming, the choice was made to first focus on step counting rather than full fitness activity. No GPS tracking or bodily signal tracking will be used with SolFit, due to potential privacy concerns from our users. In a recent survey conducted by our team, over 93% of respondents indicated that they would not be comfortable sharing any information of the sort, though 87% of the surveyed investors would be willing to share their step count.
The problem with all contemporary fitness apps is that they merely focus on the performance or the social aspect. For cryptocurrency investors, neither of these might be tempting enough to participate in any physical activity. However, spending hours behind a screen is not optimal for your health. If you make financial gains, it would be best to also be able to reap the benefits of this by living a long, prosperous life.
Therefore, SolFit has reimagined what a rewarding system from a fitness app might look like. Rather than rewarding users with meaningless badges or by putting them on an outdated leaderboard to compare their performances with their friends, SolFit rewards their users by providing them with part of its Locked Liquidity Pool, based on the amount of steps that the user takes. Further explanation of how this mechanic works, including the Tokenomics, can be found under the "..." tab.
By changing the way users are rewarded and by helping investors to get and stay fit, SolFit is helping the cryptocurrency space to stay physical in a digital world.
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