Web3 Fight Out MMA Games Platform Transitioning $FGHT Token from Ethereum to Polygon

In anticipation of the launch of its MMA fantasy fighting Play-to-Earn (P2E) game, Fight Out is transitioning its $FGHT token from Ethereum to Polygon.

The fighting game is set to arrive on mobile platforms soon and will feature gameplay reminiscent of ‘street fighter’ in a P2E setting.

The migration of the $FGHT token will significantly lower gas fees for participants in the eagerly awaited play-to-earn fighting game.

Fight Out is already recognized for its Web3 gaming brand. Its Fight Out Fantasy App allows users to wager on the results of upcoming events to accumulate points. The app is available for download on both the Apple App Store and Google Play.

The next event available for betting is the UFC fight between Amanda Lemos and Virna Jandiroba scheduled for 20 July.

In the new Fantasy App leaderboard, players can wager on various outcomes, including who will win, the round in which it will happen, and the method of submission.

A new leaderboard is introduced each week to track who earns the most points. These points contribute to your Fight IQ, a metric that integrates into the P2E and Move-to-Earn (M2E) Fight Out ecosystem.

Currently, in the second significant aspect of the ecosystem, Fight Out is preparing for the launch of its MMA/fighting-style game.

Details on the $FGHT token migration

The transition of the $FGHT token from Ethereum to Polygon will enhance its suitability for gaming. This migration includes an airdrop of equivalent $FGHT tokens on Polygon to existing Ethereum token holders.

Get ready, fighters! Our #FightOut app is COMING SOON!

Here’s a brief preview 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 the Ethereum chain will be captured at 2pm UTC on 22 July. The airdrop and pool migration will occur on the 23rd at 2pm UTC.

The additional details regarding the airdrop for current holders are as follows:

• All existing $FGHT token holders on Ethereum will receive an equivalent amount of $FGHT tokens on Polygon.
• Users who have not yet claimed their $FGHT tokens from the presale will receive their tokens via airdrop.
• Users with staked ETH $FGHT tokens will have their tokens mirrored in a new staking contract on Polygon.

Wallet Addresses:

• Both Ethereum and Polygon operate as EVM networks, meaning user wallet addresses for ETH $FGHT and Polygon $FGHT will remain the same – this differs from the token address, which will change.
• Users only need to switch their wallet chain and import the new Polygon $FGHT token address to access their new tokens on Polygon.

Liquidity Pool:

• The liquidity pool (LP) for the ETH $FGHT token will be withdrawn.
• A new LP will be established for the Polygon $FIGHT token using these funds.

The release date for the fighting game will be announced shortly, according to the team.

MMA-focused Fight Out aims for a user base of 20 million active participants

Fight Out successfully raised nearly $6.2 million in its presale, which concluded in early April 2023. Since then, the team has been diligently working on its roadmap. The third component of the ecosystem is the move-to-earn feature, as outlined in the roadmap.

MMA is a rapidly growing sport that, when combined with the realms of betting and gaming, offers Fight Out’s multi-product approach access to a substantial and expanding market of 20 million active monthly users.

Additionally, its marketing network encompasses over 100 high-performance sports, gambling, crypto, and news platforms. Furthermore, Fight Out maintains a partnership portfolio that includes more than 200 external sites hosting display and paid advertisements.

Check FightOut Here

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