DEFIT PriceDEFITInactive

What is DEFIT (DEFIT)?

DEFIT, also known as Digital Fitness, is a Web3 lifestyle application that combines fitness tracking with blockchain-based rewards. Built on the Polygon network, DEFIT introduces a move-to-earn model where physical activities such as running, cycling, and swimming are converted into token rewards. The project integrates Game-Fi and Social-Fi elements to gamify the fitness experience, encouraging users to maintain active lifestyles while earning digital assets. With a maximum supply of 50 million tokens and approximately 31.37 million currently in circulation, DEFIT represents a niche intersection of health, gamification, and decentralized technology.

Key Specifications & Tokenomics

• Name: DEFIT (Digital Fitness)
• Ticker / Symbol: DEFIT
• Blockchain / Network: Polygon
• Contract Address: 0x428360b02c1269bc1c79fbc399ad31d58c1e8fda
• Block Explorer: polygonscan.com
• Maximum Supply: 50,000,000 DEFIT
• Total Supply: 50,000,000 DEFIT
• Circulating Supply: 31,372,499 DEFIT
• Circulating Supply Percentage: 62.74%
• Launch Date: 2021
• Category: Gaming, Move To Earn, Ferrum Network
• Buy Tax / Sell Tax: 2% / 6% on DEX upon utility release

Who created DEFIT?

DEFIT was founded by Kevin Serou, who serves as the Founder and CEO of the project. The brand was established under the umbrella of 360Sports. The team behind DEFIT brings extensive experience across security, blockchain technology, and the fitness industry. While the core leadership is publicly identified, detailed information about the full development team remains limited. The project maintains an active presence through its official Instagram account, @defit_official, and the founder's personal handle, @kevin.defit.

How does DEFIT work?

DEFIT operates as a multisport Web3 lifestyle application that connects with various fitness tracking devices, including smartwatches and fitness bands from multiple manufacturers. Once a device is linked to the DEFIT app, users can synchronize their physical activities such as running, cycling, or swimming. The app then rewards users with DEFIT tokens based on their activity levels. This move-to-earn mechanic is the core in-app game feature, with DEFIT serving as the premium token earned and utilized within the ecosystem. The platform also incorporates Game-Fi and Social-Fi components to enhance engagement and community interaction.

What makes DEFIT unique and valuable?

DEFIT distinguishes itself by merging physical fitness with blockchain incentives in a way that promotes both personal health and community engagement. The project's mission extends beyond individual rewards, aiming to foster a community motivated to lead healthier lives and contribute to the prevention of cardiovascular diseases. The Social-Fi aspect enables users to create and share content, building a sense of collective progress toward wellness goals. Additionally, DEFIT's choice of the Polygon network ensures fast, efficient transactions with minimal environmental impact, aligning with the values of its health-conscious user base. The project also implements a buy/sell tax structure where 100% of collected taxes are directed back into the Move-to-Earn reward pool, supporting long-term sustainability.

What is DEFIT used for?

DEFIT serves as the premium token within the Digital Fitness ecosystem. It is primarily earned through the Move-to-Earn game mechanics, where users receive tokens for completing physical activities. The token is designed to be used for in-app utilities and game mechanics. Upon the release of additional utilities, a buy/sell tax will be implemented on decentralized exchanges, with 2% applied to buys and 6% to sells. All collected taxes are allocated to support project operations and to further reduce price volatility, with 100% of taxes going back to the Move-to-Earn reward pool. The finite low supply of 50 million tokens is intended to support the token's economic model.

How Is the DEFIT ecosystem developing?

The DEFIT ecosystem encompasses the core mobile application, the Move-to-Earn mechanics, and the DEFIT Club, a membership community that held over 10.3 million tokens as of July 2023, representing 38% of the circulating supply. The whitepaper references a Marketplace feature, and the platform supports Web3 wallet connections including Metamask, Trustwallet, Ledger, and others. DEFIT has been listed on various platforms including Blockchain.com Exchange, SimpleSwap, and Crypto.com's Onchain swapping product. The project has also allocated 15% of its token supply for operations and liquidity for future centralized exchange listings. Since launch, a total of 913,674 DEFIT tokens have been rewarded to the community.

How to mine DEFIT?

DEFIT cannot be mined through traditional proof-of-work mechanisms. Instead, tokens are earned through the project's Move-to-Earn model. Users connect their fitness tracking devices to the DEFIT app and sync physical activities such as running, cycling, or swimming. Rewards are distributed based on the level of activity completed. The token allocation designates 25% of the total supply, amounting to 12,500,000 DEFIT, specifically for Move-to-Earn rewards for sport activities. This structure incentivizes consistent physical activity while distributing tokens directly to active participants.

How to keep your DEFIT Coin safe?

Securing DEFIT tokens begins with using a reputable Web3 wallet. The DEFIT app supports connections to Metamask, Trustwallet, Ledger, Crypto.com wallet, IToken, and Bitkeep. For maximum security, a hardware wallet such as Ledger is recommended for storing significant holdings offline. Users should always verify contract addresses before interacting with any token, ensure their wallet's seed phrase is stored securely and never shared, and be cautious of phishing attempts or unofficial links. DEFIT's smart contracts undergo rigorous audits by reputable third-party organizations to scrutinize for vulnerabilities and potential exploits. Maintaining updated software and practicing safe browsing habits further protects your assets within the ecosystem.