Tokenomics: Introduction
Last updated
Last updated
On Athlerse we use a revolutionary sustainable financial system based on one crypto token, in-game coin and NFTs. The Athlerse financial model utilizes a unique one-fungible-token system with limited distribution. The $ATHL token functions as both a governance and utility tool for the platform. Additionally, users can earn and spend GYM in-app credits for rewards or exchange them for $ATHL once they have achieved their fitness goals.
The use of NFTs provides access to the Web3 functionality, gamification, exclusive content and exclusive “Train and Earn” mechanics.
GYM is an essential part of the Athlerse fitness experience. It is an in-game coin that users can earn by syncing their fitness activities data recorded into the Athlerse App, inviting friends to the app, and reaching their fitness goals in the community challenges. With unlimited supply, GYM serves as a reward system that motivates users to stay engaged and consistent in their fitness journey.
Users can spend their GYM coins in the rewards shop, where they can find various promotions, special offers and discounts on fitness-related products and services. Additionally, GYM can be donated to a variety of charitable purposes, making users' fitness efforts have a positive impact on society.
In addition, GYM can be used to participate in prize draws and lotteries that offer users an opportunity to win amazing prizes. If users need more GYM coins to enter a particular challenge or prize draw, they can buy extra GYM coins for fiat money or crypto.
And most importantly, that GYM can be traded to the $ATHL token, the native cryptocurrency of Athlerse, and further to USDT and other crypto assets. To become eligible for converting GYM to crypto currencies, users need to activate their Web3 functionality by ordering the "initialization NFT" and reaching their fitness goals they declare.
The Athlerse team continues to innovate and bring new utility to the GYM in-game coin. With new features and functionalities in the pipeline, users can expect even more ways to use and benefit from GYM in the future.
$ATHL is a fungible digital governance and utility token that plays a crucial role in the Athlerse ecosystem. With a limited distribution of 9 billion tokens, its controlled and stable supply benefits both the platform and its users.
This token has multiple use cases within the ecosystem, including participation in community governance and access to exclusive content and features. It is essential for using Web3 functions and services within the Athlerse app. Additionally, its value is tied to the success and growth of Athlerse, making it an attractive investment option for those who believe in the potential of the platform.
Users can trade and use it for in-app mechanics and payments for the whole spectrum of services. They can trade it for the GYM coins they earn in-game, buy for fiat or from CEX/DEX for crypto. It will be minted at the Token Generation Event (TGE).
Users can trade and use the $ATHL token for a wide range of in-app mechanics and payments. They can trade it for the GYM coins they earn in-game or purchase it for fiat or crypto from centralized or decentralized exchanges (CEX & DEX). It is important to note that the $ATHL token will be minted at the Token Generation Event (TGE), ensuring a fair and transparent distribution process.
By utilizing the $ATHL token, users can take advantage of the full spectrum of services offered within the Athlerse ecosystem. From accessing exclusive content and features to participating in community governance, the $ATHL token is an integral component of the Athlerse experience.
