Some important terms to know.
FITE (pronounced as ‘Fight’): First In To Earn, our brand and platform name.
FITER (pronounced as ‘Fighter’): Professional traders on the FITE platform.
First In To Earn (FITE) has a mission, which is to generate electrifying rewards for you. As the name implies, First In To Earn ensures that early adopters enjoy the highest rewards possible. This will be achieved through several rewards schemes and mechanisms which benefit early joiners.
Leveraging on the marvel of liquid staking, FITE works on the similar idea, where fund pools are utilised for deposits, rewards and withdrawals. A separate fund pool is managed by each FITER on the supported networks.
With liquid staking, the funds are channelled to node operators for operations like blockchain validation. Here’s where things get interesting. With FITE, the funds are channelled to various centralised or decentralised exchanges (CEX/DEX) for trading.
FITE creates an opportunity for FITERs to ride on the wave of the latest financial trend. Traditionally, professional traders trade behind closed doors under big banks and corporations. Trading was basically reserved only for professionals and institutional investors at that point. Trading has since become more accessible with the advent of exchanges and innovations such as copy trading. These innovations allow the public to invest and earn from the financial markets without technical trading skills. What FITE envisions will further simplify investing and earning for its community.
By combining the concept of liquid staking and professional trading, FITE creates a win-win solution for you, the community and for FITERs. When you deposit and validate the FITERs, the deposit will be channelled to selected CEX/DEX. The funds will be utilised by FITERs to carry out trading activities. A large fund pool enables FITERs to have higher margin trades which would otherwise be impossible. For the community, FITE opens the doors to limitless investing opportunities, making the earning process simple and fun. You get to earn daily FITE Rewards from validating FITERs. FITE Rewards are paid out in USDT and it’s up to you to claim it monthly, weekly or even daily.
Now, where’s the fun if you are doing this all by yourself? That’s why there are FITE Buddies. Through the FITE Buddies referral program, you get to share FITE around and earn extra Buddies Commission. The social aspect and the community are an important part of what made FITE a fun social CeFi application.