1. What is DEFIT?

DEFIT is a cryptocurrency that primarily focuses on the digital fitness and health sector. Below is an introduction to DEFIT, excluding any price-related information:

• Introduction to DEFIT: DEFIT is a cryptocurrency designed to serve the digital fitness and health domain. Its specific application scenarios include fitness rewards, health data management, and more.

• Use Cases: DEFIT can be used to reward users for their fitness activities, manage health data, and other functions. Its goal is to promote people's health and fitness habits through cryptocurrency.

• Purchase Guide: Users can buy DEFIT through centralized trading platforms like Binance. Specific purchasing steps can be referenced in the trading platform's guide.

• Related Information: Detailed technical specifics and project background information regarding DEFIT can be found on its official website or relevant cryptocurrency communities. However, it is important to note that the Chinese government has comprehensively banned virtual currency trading, including all cryptocurrencies like DEFIT.

2. Who founded DEFIT?

DEFIT is a cryptocurrency created by 360Wellness.

3. Which venture capital firms have invested in DEFIT?

According to the provided information, here are some investment firms and projects that have invested in the DeFi cryptocurrency:

1. Digital Currency Group: As one of the most active investment firms globally, it became an industry leader in 2019 with 14 investments.

2. BlockFi: A cryptocurrency lending company that announced the completion of a $50 million funding round in August 2020, making it the largest single funding event in DeFi that year.

3. Polkadot (DOT): Raised approximately $43 million through an ICO, becoming another "star public chain".

4. FTX: A rising force in cryptocurrency exchanges, FTX once climbed to the position of the "second-largest exchange in the industry".

5. BitDAO: A decentralized autonomous organization, one of the top three financing projects in the DeFi domain in 2021.

6. FalconX: An asset trading platform, another top three financing project in the DeFi domain in 2021.

7. 1inch: A decentralized aggregator exchange, also one of the top three financing projects in the DeFi domain in 2021.

These institutions and projects have invested and financed in the cryptocurrency DeFi arena, driving the development of this field.

4. How does DEFIT work?

DEFIT is a cryptocurrency based on blockchain technology, primarily used for rewards and payments for digital fitness and fitness trainers. Below is how it operates:

1. Profile Setup: After successfully completing the profile setup for a company or fitness trainer, the platform grants DEFIT tokens based on a percentage.

2. Rewards and Payments: The benefits of holding DEFIT tokens include:

3. Trainers: The opportunity to receive payment in the form of cryptocurrency.

4. Clients: Can use DEFIT tokens for payments and rewards.

5. Security and Anonymity: DEFIT employs advanced blockchain technology, providing users with secure, anonymous, and decentralized transaction methods.

In summary, DEFIT cryptocurrency is primarily used for rewards and payments in the digital fitness industry, offering secure and decentralized transaction methods through blockchain technology.