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Gulf Press > Business > Crypto > Migration of $FGHT Token from ETH to Polygon in Web3 MMA Games Ecosystem
Crypto

Migration of $FGHT Token from ETH to Polygon in Web3 MMA Games Ecosystem

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Last updated: 2024/07/16 at 7:14 PM
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Fight Out is preparing for the launch of its MMA fantasy fighting Play-to-Earn (P2E) game by migrating its $FGHT token from Ethereum to Polygon. This move is aimed at reducing gas fees for players and improving the gaming experience. Fight Out is known for its Web3 gaming brand and already offers the Fight Out Fantasy App, where users can bet on upcoming events to earn points. The app is available on the Apple App Store and Google Play, with the next event being the UFC Amanda Lemos vs Virma Jandiroba fight on July 20. In the new Fantasy App, players bet on outcomes like the winner, round, and submission method, earning points to build their Fight IQ for the P2E and Move-to-Earn (M2E) ecosystem.

The migration of the $FGHT token involves an airdrop of equivalent tokens on Polygon to current Ethereum token holders. A snapshot of $FGHT holders on Ethereum will be taken on July 22, with the airdrop and pool migration taking place on July 23. All current $FGHT token holders on Ethereum will receive an equivalent amount of tokens on Polygon, while those who have not claimed their tokens from the presale will be airdropped their tokens. Users with staked ETH $FGHT tokens will have their tokens mirrored in a new Polygon staking contract. Both Ethereum and Polygon use EVM networks, so user wallet addresses will remain the same, but the token address will change. Users will only need to switch their wallet chain and import the new $FGHT token address to view their tokens on Polygon.

The release date of the Fight Out MMA/Fighting-style game will be revealed soon, with the team targeting an audience of 20 million active users. The project has raised nearly $6.2 million in its presale and is focused on executing its roadmap, which includes the move-to-earn element. MMA is a rapidly growing sport, and Fight Out aims to tap into the large market of active monthly users by offering a multi-product ecosystem that combines MMA, betting, and gaming. The project’s marketing network includes over 100 high-performance sports, gambling, crypto, and news sites, along with partnerships with over 200 external sites for display and paid advertising.

As Fight Out prepares for the launch of its MMA fantasy fighting Play-to-Earn game, the migration of the $FGHT token from Ethereum to Polygon is a crucial step towards improving the gaming experience for players. This move will reduce gas fees and make the token better suited for gaming activities. With the upcoming release of the Fight Out MMA/Fighting-style game, the project aims to attract a large audience of 20 million active users. By offering a multi-product ecosystem that combines MMA, betting, and gaming, Fight Out is positioned to capitalize on the growing popularity of MMA and provide players with exciting opportunities to earn rewards through gameplay.

The migration process involves an airdrop of equivalent $FGHT tokens on Polygon to current Ethereum token holders. Users will receive their tokens on Polygon based on a snapshot of $FGHT holders on Ethereum taken on July 22. Additionally, users who have not claimed their tokens from the presale will also be airdropped their tokens. With both Ethereum and Polygon using EVM networks, user wallet addresses will remain the same, simplifying the process for users to view their new tokens on Polygon. The migration marks a significant milestone for Fight Out as it gears up for the release of its highly anticipated P2E fighting game.

In addition to the migration of the $FGHT token, Fight Out has been actively building its ecosystem, including the Fight Out Fantasy App where users can bet on upcoming events to earn points. The app, available on major app stores, allows players to participate in leaderboards and build their Fight IQ, which feeds into the P2E and M2E ecosystem. With a strong focus on user engagement and an eye on expanding its reach, Fight Out’s move towards launching its P2E fighting game on Polygon demonstrates the project’s commitment to providing a seamless and rewarding gaming experience for its growing community of users.

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News Room July 16, 2024
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