The FITE team is thrilled to announce the launch of the next “It” thing in the CeFi space: FITE (short for "First In To Earn" – clever, right?), where earning rewards in the digital world is made simple, even to the average internet user.
FITE aims to revamp the social CeFi landscape with a fresh approach, blending liquid staking and fostering a strong sense of community.
Some must-know terms before you continue:
FITE__ (pronounced as “Fight”): First In To Earn, the brand and platform name.
FITER__ (pronounced as “Fighter”): Professional traders on the FITE platform.
FITE Rewards:__ USDT rewards earned from validating FITERs
The FITE platform operates in a similar vein to liquid staking, offering users the same perk—earning rewards without any locking period.
Now here’s the twist: While liquid staking channels funds towards node operators for blockchain validation, FITE steps it up by directing funds to a diverse array of exchanges—be it centralised (CEX) or decentralised (DEX)—for trading.
By combining the concept of liquid staking and professional trading, FITE creates a win-win solution for the community and for FITERs. When you deposit and validate FITERs, the deposit goes into the fund pool which will then be directed to selected CEX/DEX. Then, these funds will be used by FITERs to engage in trading activities.
In return, users earn daily FITE Rewards (paid out in USDT) by validating FITERs. Plus, you call the shots—claim rewards whenever suits you best, whether monthly, weekly, or even daily.
Double the rewards, double the fun! FITE's referral program, FITE Buddies, offers users an extra earning avenue. As users share their exclusive FITE link and encourage friends or family to join, they receive an additional commission of 20% (on top of FITE Rewards) when each of these “Buddies” claim their rewards. As one may guess, the earning potential amplifies with the number of Buddies invited.
What's the fuss about FITE? Well, FITE boasts a no sign-up process—just connect your wallet, select your go-to FITER, and brace yourself for those daily rewards. It really can’t get easier than that!
Another standout feature of FITE is this: By letting professional FITERs tap into the lucrative trading market, FITE could potentially ramp up profits and APR of 100%-120%, higher than standard liquid staking.
When it comes to security, FITE's got your back. Thanks to the way FITE operates, risks typically associated with liquid staking, such as slashing, are minimised, bringing about attractive APR.
The platform's all about options. Users can dive into different validation opportunities by validating multiple FITERs, and watch their rewards climb even higher.
FITE Buddies is more than just a feature, it’s about building a lively community! It nurtures connections and sparks social interaction among users, fostering a vibrant and thriving community.
Don't sweat it—those electrifying rewards are coming soon! The official FITE website is now live for users to explore and have fun (we promise—it's super user-friendly). The best part? Users can start validating FITERs in January 2024 to kickstart earnings!
FITE is serious about its community, so join the excitement at FITE's official Twitter, Telegram, Discord, and Instagram. Whether you're here to learn, trade insights, or just hang out with fellow finance enthusiasts, these spaces are made for you.
Exciting expansions of FITE’s offerings and campaigns are on the horizon, offering top perks to early joiners. The earlier you join, the more you rake in!
Find out more about FITE via the official website and the social media pages below.
Website: https://fite.io
Telegram: https://t.me/FirstInToEarn
Instagram: https://www.instagram.com/fitefinance/
