inSHAPE launched its hot token today. What does it offer?
inSHAPE is the Ultimate Move to Earn app. The team has based it on the BSC ecosystem, adding the combination of some GameFi elements. This project’s goal is to solve real problems in the M2E Ecosystem, especially for the customers who want or seek rewards based on their exercise time. This app is also excellent for users who seek tokens with improved utility, one that goes beyond the blockchain.
inSHAPE will use blockchain technology to freely reward crypto-lovers who work out with its native SHAPE token. While there are lots of similar apps in the Defi space, the inSHAPE App stands out among them thanks to its various advantages. Besides rewarding steps and running, this App also offers specific SHAPE token rewards for four other different types of sports – basketball, tennis, football, and gym. The team also plans to reward six other sports: hiking, baseball, handball, volleyball, rugby, and table tennis.
Moreover, users will easily buy products and services outside the blockchain world on the App’s Marketplace. They will be able to do that exclusively with SHAPE tokens and enjoy special prices, as well. Customers can also use the SHAPE tokens to buy a limited series of special NFTs. The team calls the latter – inSHAPE Wild Cards. Thanks to these NFTs, tokens holders will be able to make up to 30 times more money for the same physical effort per day or per month.
The team aims to increase SHAPE’s value over time. How will it do that?
The company set a limit on inSHAPE’s NFTs supply at only 1,500 NFTs per each type of sport. That’s a good thing as it significantly increases the app’s native token’s utility. This project is based on a single digital coin instead of two. As a result, users can only purchase, mint, and upgrade NFTs with SHAPE tokens. In addition, using only one cryptocurrency means that the tokens will be burned faster. That will increase the SHAPE price even more.
The company uses Artificial Intelligence (AI) based algorithm that detects if the user works out or tries hacking. The app calculates the reward accordingly. The rewards for the customers’ physical effort are following: 1,000 outdoor or indoor steps will get a user up to 1 SHAPE token; If the person works out for a minimum required 5 minutes, they will get up to 1,66 SHAPE tokens; every minute of extra effort after the first five minutes will gain them up to 0,33 SHAPE tokens. However, any workout session or physical activity session shorter than 5 minutes will get them 0 (zero) SHAPE tokens.
The team pointed out that the app will only grant the number of tokens if there are “thousands” of steps and “minutes” of physical effort. But there won’t be a token reward for “tens” and “hundreds” of steps or for seconds between workout sessions.
The users will be able to mine a maximum of 140,000,000 tokens every year for the next five years. The company will split all 1-year tokens into 365 blocks, each with 383,561 tokens rewards. The company will also burn 100% of the SHAPE tokens collected from customers in exchange for their acquisitions of significant discounts from the program’s partners. That will allow more growth for investors and the community.
How can the customers use the inSHAPE App?
inSHAPE App team plans to launch the beta application for Android and iOS within two months after TGE. However, before the official public launch of the inSHAPE App, the company will launch a closed private Beta version. It will send invitations for this version to all members who participated in any fundraising round of the project through its network or any IDO platform.
To start using this platform, people need to download the inSHAPE App from the App Store or Google Play. They will also have to create a new wallet if they don’t have a Web3 one. But customers should choose a wallet that allows dApps such as MetaMask, Trust Wallet, etc. After getting access to the app on their chosen device, users can sign up for the inSHAPE App with their Web3 wallet. They will get a confirmation message from the Web3 wallet to allow authentication with the inSHAPE App.
Once the user signs up, they can transfer BNB and SHAPE into their in-app Wallet to buy their first inSHAPE Wild card NFT in the Marketplace. They can also just start walking or exercising immediately with their free account without any Wild card NFT. Still, users should always make sure to keep some BNB as gas in their Wallet account if they want to confirm transactions. Customers will start earning by walking, jogging, running, or training after they complete the above steps. They can simply launch the inSHAPE App and choose a game mode.
What about the SHAPE Token’s ICO sale?
As you already know, SHAPE is the inSHAPE app’s native utility token. Currently, its total supply is 300,000,000 SHAPE. However, the maximum supply will be 1,000,000,000 SHAPE. The company launched its initial coin offering on July 26, 2022. The sale will end on August 7, 2022. The price of this ERC20 token will be 0.09 USD per coin. The team aims to raise 45,000,000 during the ICO. But only 7,5% of the total supply will be available for purchase.
Customers will be able to use SHAPE tokens to purchase discount codes for exclusive offers/services or NFTs available on the App’s marketplace. They can also transfer these tokens to exchanges/wallets on the BEP20 network or exchange them for other cryptocurrencies. Staking is yet another option.
SHAPE tokens will offer their holders great benefits. On the one hand, customers can use them to get an exotic holiday, a gym subscription, or some fancy sneakers at exclusive, unbeatable prices. On the other hand, they can use their SHAPEs to buy, repair, mint, or level up the inSHAPE Wild Card NFTs. As a result, users will make more money for the same physical effort. Overall, this project offers an easy way to earn money and is easy to use. Besides, token holders will get some great benefits thanks to SHAPEs.
