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The GYM rewards app rewards you for exercising at the GYM by introducing Proof of Exercice to the blockchain. The more you exercise at the GYM, the more GYM Coins you will earn. GYM Coins are redeemable at your local participating gyms and will be tradable at participating cryptocurrency exchanges.
INTRODUCTION
The GYM Rewards project consists of an entire solution to support getting paid for exercising. From the Blockchain that supports Proof of Exercise to the GYM Rewards Exchange for gymnasiums and other partners to come and exchange GYM Tokens. There is no need to wait for exchanges to support GYM and there is no need to take the risk of getting stuck with useless tokens.
The GYM Rewards ICO Token is an Ethereum ERC20 token. The GYM Rewards app token is from the Plata Blockchain, an Ethereum fork that will be minable by a Proof of Exercise component within the Token and the Mobile App.
WHY ON PLATA?
Ethereum, however, our new Blockchain will introduce the following features not available in Ethereum:
Proof of Exercise.
- Free Contract Submissions.
- Token Transaction fees are based on the token itself, not on the blockchain coin.
PROOF OF EXERCISE (POE)
The GYM Token allows for Proof or Work (POW). The POE is a contract-based rewards system that its activated by detecting locations in the geolocation coordinates contract and using heart beats via the GYM mobile App to deliver block rewards once the time of required work has been met.
Token earning structure estimates, these are based on mining difficulty, therefor the less tokens you can earn the more valuable they will become.
Running 10 minutes: .1666667 GYMs per Minute
Running 1 hour: 10 GYMs per hour
GYM REWARDS GOAL
GYM Rewards goal is to motivate people into exercising and becoming healthy with currency and to compensate those who are taking care of themselves every day.
ICO DETAILS
Token : GYM
PreICO Price : 0.0001 ETH
Price : 1 GYM = 0.0001 ETH
Bonus : Available
Platform : Ethereum
Accepting : ETH
Minimum investment : 0.1 ETH
Soft cap : 100 ETH
Hard cap : 15,000 ETH
Country : USA
Whitelist/KYC : KYC & Whitelist
Restricted areas : USA
MORE ON ICO : https://ico.gymrewards.io/
TEAM
ADVISORY BOARD
my bitcointalk name – shans
my bitcointalk url – https://bitcointalk.org/index.php?action=profile;u=1281298
this is so informative I just love this Article
Nice idea of "Proof of Exercice to the blockchain".
Wonderful contribution by providing this article
What a wonderful apps. I'll get paid for exercising which is also good for me. Moreover, it supports ETH. :)
Like the tagline of Gym reward app," the more you exercise the more you earn" Very apt
grate news and nice article :)
A great project with a huge potential for token growth. I highly recommend to join!