Tokenomics

The AthleteHero fitness platform rewards users for performing fitness activities and improving their fitness. Rewards are provided in the form of in-game currency (crypto) called Fit Coin (FIT).

Supply

FIT has an unlimited supply and is earned when a user records fitness activities inside the AthleteHero fitness platform.

To provide initial liquidity, 26,000,000 FIT were created.

Earning

FIT tokens are earned in-game for performing specific fitness activities. Users track and record their activities using the AthleteHero fitness platform.

Tokens earned can be claimed at any time from within the fitness platform or directly through the token Smart Contract as long as the user currently holds an AthleteHero NFT.

When tokens are claimed, they are minted in a Token Generation Event (TGE).

Tokens are earned for activities as follows:

Activity Type	Activity Distance or Action	Tokens Earned
Run	2 mi (3 km)	1
Walk	4 mi (6.5 km)	1
Other Activities	TBA	TBA

Bonus tokens are earned as follows:

Bonus Action	When Earned	Tokens Earned
Hold +2 NFTs	At the time tokens are earned from activity, this bonus is applied.	1
Weekly Improvement	Weekly (Monday) after assessment showing fitness improvement from the previous week.	2

FIT tokens may also be earned through competitions, races, and giveaways.

The maximum daily tokens a user can earn is 14 tokens for activities tracked with a device.

Burning

FIT tokens are burned when exchanged in the marketplace. Burning tokens provide a way to limit the total supply.