Fight Out is migrating its $FGHT token from Ethereum to Polygon to reduce gas fees ahead of its MMA fantasy fighting P2E game launch.
In preparation for the launch of its MMA fantasy fighting Play-to-Earn (P2E) game, Fight Out is migrating its $FGHT token from the Ethereum network to Polygon. This strategic move aims to significantly reduce gas fees for players of the highly anticipated fighting game, which is set to feature ‘street fighter’-like gameplay in a P2E environment.
Details of the Migration
The migration process involves an airdrop of equivalent $FGHT tokens on Polygon to current Ethereum token holders. A snapshot of the $FGHT holders on the Ethereum chain will be taken at 2 PM UTC on July 22. Following this, the airdrop and pool migration will take place at 2 PM UTC on July 23. All current $FGHT token holders on Ethereum will receive an equivalent amount of $FGHT tokens on Polygon. Additionally, users who have not claimed their $FGHT tokens from the presale will also receive their tokens through this airdrop.
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Impact on Users
For users with staked ETH $FGHT tokens, their tokens will be mirrored in a new Polygon staking contract. Both Ethereum and Polygon being EVM networks means that user wallet addresses for ETH $FGHT and Polygon $FGHT will remain the same, although the token address will change. Users only need to switch their wallet chain and import the new Polygon $FGHT token address to view their tokens on Polygon.
The liquidity pool (LP) for the ETH $FGHT token will be pulled, and a new LP will be created for the Polygon $FGHT token using the same funds. This transition aims to optimize the token for gaming purposes, aligning with the upcoming release of the fighting game.
Fight Out’s Ecosystem and Future Plans
Fight Out has established itself as a significant player in the Web3 gaming sector. Its Fantasy App, available on the Apple App Store and Google Play, allows users to bet on the outcomes of upcoming events to earn points. The next event in focus is the UFC fight between Amanda Lemos and Virma Jandiroba on July 20. Players can bet on various outcomes, such as the winner, the round, and the method of victory, contributing to their Fight IQ—a metric integral to the P2E and Move-to-Earn (M2E) Fight Out ecosystem.
The upcoming MMA/Fighting-style game represents the second major part of Fight Out’s ecosystem. This game will bring an immersive fighting experience to mobile platforms, allowing players to engage in P2E activities.
Market Potential and Community Engagement
Fight Out’s $FGHT token migration to Polygon is a strategic move designed to cater to the gaming community’s needs. The reduction in gas fees and improved transaction speeds are expected to enhance the user experience significantly. The project’s presale, which concluded in April 2023, raised nearly $6.2 million, underscoring strong investor interest and support.
The MMA sport, combined with the world of betting and gaming, positions Fight Out to tap into a large and growing market. The project targets an audience of 20 million active monthly users, leveraging a marketing network that includes over 100 high-performance sports, gambling, crypto, and news sites. Additionally, Fight Out’s partnership portfolio comprises over 200 external sites that host display and paid advertising.
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The migration of the $FGHT token from Ethereum to Polygon marks a pivotal step in Fight Out’s roadmap, aligning with its mission to deliver a seamless and cost-effective gaming experience. As the MMA fantasy fighting game launch approaches, the community eagerly anticipates further developments and the potential growth of the Fight Out ecosystem.The release date of the fighting game will be announced soon, and with the significant steps taken to optimize its ecosystem, Fight Out is poised to make a substantial impact in the Web3 gaming and MMA sectors.
