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Chicago Trading Giant Opens Door to Crypto Metaverse And Fight Out Will Be a Major Beneficiary – Where to Invest

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author imageArslan Butt Last updated:
Starting on January 30th, CF Benchmarks will calculate and publish three new Metaverse reference rates and real-time indexes, which CME Group introduced. CF Benchmarks is a UK FCA-authorized and EU BMR-regulated provider of bitcoin benchmark indexes.
Over $500 billion in cryptocurrency derivative contracts offered for trade on CME Group and Kraken Futures have been settled using its benchmark indices, which are compiled from market data from six constituent exchanges.

The CME CF Reference Rates and Real-Time Indices were developed in response to the rising demand for transparent, regulated, and around-the-clock pricing, and they are based on rigorous processes that are regularly overseen by experts.
These new Metaverse benchmarks will, like the existing CME CF Benchmarks reference rates and real-time indices, use pricing data from the same top crypto exchanges and trading platforms that contribute to the CME CF Benchmark suite.
https://twitter.com/mrlegendcrypto/status/1611329519436156929?s=20&t=xt5Vb59prV7oG0c2Vgn4cA
New benchmarks for Axie Infinity, Chiliz, and Decentraland will be determined using price information from at least two of the following exchanges: Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX Digital.
The rates and indices used as references here are not futures contracts. Some examples are as follows:
  • Axie Infinity (AXS)
  • Chiliz (CHZ)
  • Decentraland (MANA)

Fitness in the Metaverse

The idea of working out in the metaverse predates the metaverse itself. Fight Out is the first to attract the attention of fitness fanatics, however, numerous crypto projects have explored the possibility of a fitness metaverse. The innovative blockchain elements of the app are supported by a strong move-to-earn mechanism that vastly improves upon previous models.

The rapid turnover of FGHT tokens during the presale demonstrates the widespread interest in the project beyond the cryptocurrency sector. If the ecosystem develops as described in the whitepaper, Fight Out has the potential to be the first mainstream crypto fitness application.

The FightOut (FGHT) platform works similarly to a personal trainer, with the exception that workout time is paid in advance using the FGHT token. All activities are tracked and can be used to improve one’s metaverse avatar’s metrics.

FightOut Building 20 Gyms

FightOut’s developers didn’t make their platform reliant just on their smartphone app because they knew it was crucial to bridge the gap between the real and virtual worlds. The FightOut team is now developing a network of physical gyms in cities all over the world, with the first one set to open in the first quarter of 2023.

Participating in the FightOut community and taking advantage of everything the firm has to offer is facilitated in large part by frequenting these gyms, which are not mandatory but highly recommended.

Join the Presale—$2.75 Million Raised

Presales have historically been one of the finest methods for investors to uncover outsized gains on early-stage businesses, and there are a number of advantages to getting in on the action early.

The FGHT presale is going well, with almost $2.75 million raised thus far. The current selling price of 60.06 FGHT for $1 (FGHT can be purchased using ETH or USDT) is expected to rise as the sale progresses.

FightOut - Next 100x Move to Earn Crypto

Our Rating

Fightout token
  • Backed by LBank Labs, Transak
  • Earn Rewards for Working Out
  • Level Up and Compete in the Metaverse
  • Presale Live Now - $1M+ Raised
  • Real-World Community, Gym Chain
Fightout token
Buy Now

  This article was written for Business 2 Community by Arslan Butt.
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Author: Arslan Butt

Arslan is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. Arslan holds an MBA in Finance, and an MPhil in Behavioral Finance.
Arslan brings a broad range of skills to help beginners evaluate financial data and investment trends, carry out technical analysis, fundamental analysis, and …

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