Gate.io AMA with Primal-Move2Earn + Fan Tokens + Inner Circles

2023-01-28, 09:39

Time: Jan 17th, 2023, 13:00 AM (UTC)
Gate.io hosted an AMA (Ask-Me-Anything) session with the Co-Founder of Primal, Ben in the Twitter Space.
Official Website: http://www.getprimal.com/
Twitter: https://twitter.com/enterprimal
Follow Primal on Telegram and Twitter

Guest

Ben — Co-Founder of Primal

Q&A from Gate.io

Q1: Can you give an overview of PRIMAL?

Ben: PRIMAL is the 1st athlete fan token project with integrated Move2Earn that rewards users for working out, connects fans to famous athletes and supports athletes of all
levels on their journey.
PRIMAL combines 2 massively successful concepts: STEP App-style sports + Chiliz-style fan tokens.
Designed for Mass Adoption:
Connecting fans with celebrity athletes
Train & earn all types of fitness activities
Trade your favorite athletes fan tokens.
PRIMAL has 3 main pillars all powered by $PRIMAL.
Inner Circle
PRIMAL’s Inner Circle connects fans & athletes like never before through its industry defining app. Think Patreon meets masterclass fuelled by the blockchain.
Fan Tokens
Current projects connect fans to institutions. PRIMAL seeks to decentralize away from large companies and connect fans directly to their favorite athletes.
Move 2 Earn

Workout the way you want, when you want. Unlike other M2E projects that only focus on running and penalize you, PRIMAL is rolling out an app that rewards all types of fitness activities by connecting to biometric data.

Q2: Can you discuss the Utility of the $PRIMAL token?

Ben: $PRIMAL is our main governance & Utility token. $PRIMAL powers our entire ecosystem.
Fan Tokens - Users will use $PRIMAL to purchase fan tokens from every athlete in the PRIMAL ecosystem adding significant buying pressure to the token
Inner Circles - Users will pay $PRIMAL to athletes in order to access their inner circles, training camps, exclusive content and forums.
App - NFT marketplace, purchasing digital & physical goods from brands & athletes
Staking $PRIMAL also provides a lot of benefits from discounts on NFT trading fees, limited edition NFTs and more.
PRIMAL also has burn mechanics which you can view on our website- https://www.getprimal.com/economy.

Q3: What makes you different from competition?

Ben: Other Move2Earn projects only let you walk or run and actually penalize you. The PRIMAL app syncs with your fitness trackers – this is more than 150,000,000 potential users combined.
Biometric device collaborations enables PRIMAL to leverage key health data, measuring real world activity and turning calories burned into money earned. This means that the functionality is exercise agnostic, allowing for all activity to be counted, opening vast user onboarding possibilities.
This includes integrating Apple Health, Whoop, Oura Ring, and Fitbit, bringing utility to existing users that have these fitness devices.
This allows you to work out HOWEVER you want, when you want. People have different levels of fitness and we’re aware of this.
There is also no other project that connects both fan and athlete, allowing them to learn, train, and earn while doing so.

Q4: What have you achieved so far?

Ben: PRIMAL has made significant leaps and bounds since launch and has been driving through the bear market solidifying itself in the sports & web3 space while other projects have been dormant.

To date, PRIMAL has:

Launched $PRIMAL across 4 major CEX and Pancake swap
Top 5 Most traded token across all exchanges we listed on
$PRIMAL became 4th in volume in Pancakes Wap several days after listing - only BNB, BUSD, and USDT had higher volume
App now has 960,000+ downloads, with 160,000 daily active users - growing at 100% MoM
1st NFT sale, selling out $500,000 worth of NFTs, the biggest NFT sale this year
Multiple partnerships with FIAT onramps
Fan token gecko launched, a site for users to check daily volume, market cap and price of all athlete fan tokens. We had 35k views on day 1 + average view time of 3 min
Growth campaign - all eyes have been on us, the only project delivering & building foundations for the next bull run
First fan token with Andreas Pereira, a premier league footballer along with 15 other ambassadors
Our Fan Token Offering site launched this week - https://fto.getprimal.com/

Q5: What does the future hold for $PRIMAL?

Ben: 2023 is the year of PRIMAL.
We have so much coming up in the first part of the year.

Our Fan Token DEX will be going live this week where users are able to trade fan tokens from Binance and other platforms
Partnership with a top 100 project coming soon
Our first fan token will be launching very soon
Our Mainnet launches 10th Feb with M2E functionality & other app features
Our first Inner Circles with star athletes will be going live on the PRIMAL app
More partnerships & more athletes to be announced
More Exchanges to be announced
We are celebrating PRIMAL for our PRIMAL takeover week in South Korea in Q1/2 of this year where celebrities will be attending along with our athletes.

Author: Rio Fu., Gate.io Community

*This article represents only the views of the researcher and does not constitute any investment suggestions.

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