This is a YouTube video titled "Untapped Investor Summit (Alex Tima - Co-founder and CEO of Fitcoin)" recorded in November 2022. It features a conversation between George Bandarian and Alex Tima, the co-founder and CEO of Fitcoin, discussing the Fitcoin project which uses wearable technology, Web3, NFTs, and cryptocurrency to motivate fitness communities through a "Burn to Earn" gamified fitness app. The discussion includes details about the product, its development, partnerships, and future plans, followed by a Q&A session with audience participation.
All right, so with that, I want to invite up Alex Tima, my co founder and the CEO of Bitcoin. He could share a little bit more about Bitcoin and about our collaboration at the studio. The clicker is working.
Hello everybody, I'm Alex Tima. I'm the co founder and CEO of fitcoin. Hello everybody on Zoom. I'm going to talk to you about how we're using wearable technology to incentivize and motivate fitness communities using web3nfts and cryptocurrency. A little bit about myself. I've been in the fitness and wellness industry over the last 15 years. I owned and operated Gym Hybrid Wellness in Los Angeles. And throughout that time I've worked with all types of clients, from my members to my YouTube audience. Celebrities, influencers, even some rock stars. What I've come to realize throughout all this time is that in reality, everybody's the same. Even you in this room, when it comes to fitness and wellness, you face the same challenges. It's my job working with all these different clients is to make fitness fun, gamify it, and make sure we solve for these problems that everybody's facing. And I'm sure you guys have faced this too. How do you stay motivated? How do you stay engaged? How do you make sure you're consistent and you're compliant? And above all, how do I provide you with some value beyond your health and wellness? Well, the solution I created is Fitcoin, which is a Web3 project that allows users, everybody with a wearable tracker to connect, earn cryptocurrency and NFTs as they burn calories in an immersive proof of work, or I like to say proof of workout fitness role playing game. We call this Burn to Earn. Nobody's doing it. It's unique to us and think of it as a Pokemon go for fitness communities. So with this idea, through my social network and my connections, I found George and it happened. Their thesis fits with what we're doing. This is a fitness application. This is about your best self. It is about motivating people to find their best self and rewarding them for doing so. So we ended up partnering with George. We went through the lean stack like mentioned. George believed in the idea. More importantly for me, honestly, George believed in me, which was a big deal. So he really helped take an idea and turn it into a company. From the formation to the fundraising, to the team that I have now around me. And he mentioned he's a co founder and he's really helped me fall into this CE role that I am in now, which is really helping move forward. The most important thing for me too with Untapped is the network that it's created for me, something I didn't have access to on my own. CEO Mastermind. Everyone talked about it. It's such a great tool for me to understand what everybody else is going to relate with them and move forward with our project. And most recently I was able to attend the Fitness Technology Summit which is an invite only event of top C level executives of major fitness brands in the country where Bitcoin participated in a pitch contest and we won. It was amazing. That was thanks to untapped connections and just from that event we were able to get some partnership interests and some investment interests on a national level in the fitness industry. About fitcoin it was really amazing. So currently we have an MVP which is running on Web two with a thriving Discord community and we're expecting to launch our product in Q1 of next year. I made a quick demo I'm going to go through really quickly and go through some of the gamification and the incentivizing that we're planning to do. First the user will download the app, create their profile, connect their tracker. So immediately as a passive function of the app, everybody with the tracker who burns calories, who is everybody in the world starts earning fitcoin for their daily calorie burn. Now that fitcoin can be converted into Ethereum or into USDT or well burn to earn, right? So the more you burn, the more you earn. Totally passive. You can play or you can participate in quests and challenges. The quests and challenges that are applied in the real world. You need fitcoin to play. Users participate, they play and then top 25 gets rewarded. NFTs. We give away NFTs to our user base. This is something nobody else is doing. There's a reason for that I'll be glad to explain if anybody wants to. 101 those NFTs act as boosts and bonuses within the application and as the app progresses you'll be able to fully customize these NFTs. Again, very unique to our product. We also have very unique subscription model that we have been testing in the Web2 application MVP which we have also validated. As far as what's next, we are talking to potential corporate partners and sponsors in health and wellness ranging from fitness to insurance, State Farm being one example. The goal is to have multiple partners in tech, lifestyle, fitness, nutrition, insurance, everything related to wellness, allowing our users to transact and create user generated fitness wellness experiences using fitcoins. So that provides some utility for fitcoin that nobody is using. Eventually transitioning all of this into the Metaverse future goals. And since the Fitness Technology Summit, we have had some further interest in the project. So we've decided to extend our fundraise which will help us with the solid go to market strategy, get some significant traction and raise a big seed round this time next year. So if burn to earn and fitcoin is something anybody is interested in in, please feel free to reach out to George or you can ping me directly. My email is on the screen. Thank you guys.
All right, questions? Yeah. So any questions from the Zoom audience? Jeff is saying there aren't any questions there. Any questions from here? Yes, Burgundy.
Is there like a most Improved category? Because those are already been great. But for those that feel like there's a barrier to their own health, fitness and vitality, is there a category for.
Really more work that the most improved?
Yeah.
Yeah. So the. One of the. One of the big things for me when it comes to fitness is leveling playing fields. So the reward system is big, based on randomization. It's just a matter of getting people to participate so everybody can get access to rewards and we're not rewarding first place all the time, which kind of alienates everybody else. That's one way. The second way is what I mentioned in the future is where we let users create their own experiences. And that's kind of long, long story. We go into like decentralization and you bring something like that to attention with the community. The community comes together and creates that to make sure it meets everybody's needs. All right.
