Sense4Fit: Stay in shape in an AMAZING way.

Read Time:8 Minute, 5 Second

With the pandemic slowly going away, and life going back to normal again, it is also time to start working on our healths again. Because quite frankly we only have one life that we should live to the fullest and in good health. Sense4fit will help you bring your active lifestyle to a new level by creating an immersive experience for its customers. In this post, I’m going to give you the rundown.

Background

For this project, sense4fit has done some research and apparently neuroscience proves that we associate working out with pain. Now personally I don’t until the day after, when all my muscles are sore. But besides sore muscles, they have named 6 problems that they are solving for their users. These are sedentarism, chronic fatique, depression, anxiety, an unhealthy diet and obesity. The main obstacles that we need to face to get rid of these problems or to keep them away from us are cardio, knowledge, functional training, endurance, weightlifting, and nutrition. Because believe it or not, training is only one small part of your health. Sleep and what you eat is just if not more important. Because without sufficient nutrients or sleep, your body will perform under average.

Mission

Sense4fit is on a mission to revolutionize the wellness industry and they want to help millions of people discover the advantages of an active and healthy lifestyle. They want to achieve this by making fitness fun, exciting and accessible through different metaverse experiences and rewards. Hence the reason Sense4Fit introduces you to the Fitnessverse.

Fitnessverse

The fitnessverse consists of 4 elemens that their project consists of:

The Sense4Fit app
The Sense4Fit Masterclass
The Sense4Fit Smartgym Franchise
NFT Marketplace

The app is basically a fitness app that will give you insights and advice from trainers, nutritionists, chefs and well-being experts. You can watch pre-registered and live workouts, get nutrition plans and recipes. It also allows you to track your progress, check out the challenge rooms, and much more. Besides all of this, there will also be Sense4Fit stationary bikes that will seamlessly integrate with the app. The masterclass will be an online subscription platform where you can access tutorials and lectures from experts in various fields. The experts come from different backgrounds like wellness, fitness and the health industry. So it’ll contain video content, health and wellness content and will bring new classes all the time. And like Basic Fit for instance, Sense4Fit also wants to create it’s own franchise of gym locations. The goal of this is to scale their business worldwide.

I wonder though…

The only thing that’s not clear to me is in what way they are going to compete with the likes of Basic Fit. So only the future will tell whether or not they can take on the giants. I do believe however, that there is still room for innovation. The question is whether or not a new project will have the same commercial power than those who are already established in the market.

Disclaimer

Please keep in mind though, I’m not a registered financial advisor so that means that my posts or videos are not ment as financial advice but are only ment as educational and entertaining. With these posts and videos, I hope to provide you with the necessary information that will allow you to decide whether or not a project is worth your time.

NFT Marketplace

Now their NFT marketplace will have NFT stars for athletes that will deliver unique physical experiences, special edition sport cards, One of a kind autographed items and incentives that will put your NFT’s on a top level in the industry. The only question that remains for me is how. Because they will allow you to mint and sell nfts, have self listing items, allow nft requests from celebrities directly, airdrop nfts as a gift or incentive, tokenize and finance new gyms and have different utilities and incentives for each collection. So they do have a plan, but it’s unclear whether or not it will be famous stars that you can gather nfts and autographs from. And all of this sounds fun, but it is a big challenge and they’ve set one for themselves as well.

What do they want to achieve?

They want to have:

100.000 subscriptions a month on their app
500 gym boutiques in 5 countries
100 NFT star collections sold
75.000 subscriptions on their masterclasses each month
Yearly revenue of 50million USD
Valuation of 200 million USD

All of this is set for 2025. So that means they will have three years to accomplish this. Now, what I do have to say is this: Regardless of market circumstances whether it’s a bull or a bear market, the development of projects like these can continue regardless of the sentiment in crypto. So that makes the importance of the fundamentals very high. Because if a company doesn’t have a good plan or idea, it won’t do good. But if a company or project has a solid idea and use case, and is innovative in its field, it will be able to thrive regardless. To determine this, they have taken a look at their competition.

Competition

For the competition, they have looked at all 4 elemens. Here is an overview of where they position themselves with the app and boutique gyms. They expect themselves to the the smallest player in the field but still able to get a piece of marketshare. in the tekst itself they do not really distinguish themselves from all the other players. Because those too offer things like a nutrition plan or training classes. My guess is that they will distinguish themselves in the technology type of way. The same goes for the NFT marketplace and the Masterclasses. These are rapidly growing industries that they want to take advantage of.

The second part of the competition overview. Source: Sense4Fit pitch deck

Business model

Each of the subjects will have its own stream of revenue. The Sense4Fit app will have an average revenue of 20 dollars per month, The franchise gyms are set to get several streams of income like entry fees and monthly subscriptions, and they will also make money from selling accessoires like the bike I’ve told you about a minute ago. In the NFT marketplace you’ll be able to buy sell and trade nft’s with illustrations of your most favorite athletes and sport celebrities and for the tokenized gyms and masterclasses the holders of the SFIT token will be able to enroll in classes, receive discounts and exclusive content but also allow you to buy pieces of their real life gyms with NFTs. Speaking of their token, let’s have a quick look at it.

Sponsor

But before we move on, a quick shout out to the sponsor of the Youtube video on Sense4Fit. These are my friends over at Solr DAO. They have managed to enter the seed sale for Sense4Fit and asked me to do a video for them. They are also part of the team as technical advisors. So in this case they are personally connected to the project as well. Check out the link in the description on Youtube for their socials.

Token and tokenomics

Sense4Fit tokenomics (use of funds). Source: Sense4Fit pitch deck.

Sense4Fit also has a token called SFIT. It will be implemented using the Elrond blockchain. The key features of the Elrond Blockchain are Adaptive state sharding, a secure proof of stake consensus mechanism and the Elrond Virtual Machine. Elrond aims to build a high-throughput blockchain that aspires to build the next internet-scale blockchain. I’m hearing loads of good things about Elrond lately, so I’m pleased to hear that they have another project launching on their platform. The token has three benefits which are utilization within the Sense4Fit ecosystem, the value being backed by the performance of all parts of their business and it provides value to every member of the Sense4Fit ecosystem. The total token supply is 600 million and the team and advisors take 16% in total with a vesting schedule of 10% every 4 months. So after 3 years they will have all of their tokens redeemed. Which, if you look at their financial vision will have the business take home a 20 to 30 mil profit which will allow to stand on its own as well.

The Elrond Blockchain. Source: Sense4Fit pitch deck.

Team and roadmap

The core team of Sense4Fit. Source: Sense4Fit.io

Now they have an entire team structure which can be found in their pitch deck on their website, so I won’t bore you with all the details. Their roadmap for this year consists of launching the token and their different divisions and next year will be about finishing up the launches and opening gyms. It’s a very ambitious project with an ambitious roadmap, and I wish we could time travel to the future to see what has come of this project. If you’re all about health, getting fit, blockchain and the metaverse, this might be a great project for you to follow.

Check the above video to see the visual presentation of this article. If you like to talk about all things related to crypto, join my Telegram. It can be found in the description. If you like to learn about the latest projects, click this playlist. It has some of the best kept hidden gems! For now, my name is Rico Richardson and I’ll see you next time. Doei!