The GYM Rewards is a new type of project that motivate people to complete some exercising schedule. Also, it consists of an entire solution to support getting paid for exercising. Blockchain is used to get Proof of Exercise to the GYM Rewards platform Exchange for gymnasiums and other partners to come and exchange GYM Tokens. There is no need to wait for exchanges to support GYM and it is not necessary to take the risk of getting stuck with useless tokens. In fact, The GYM Rewards is a patent pending app that rewards people for exercising at the GYM by presenting Proof of Exercise to the blockchain. If you are having more exercise at the GYM, you will earn more GYM Coins. GYM Coins are able to be converted into at your local participating gyms and will be marketable at participating cryptocurrency exchanges. The GYM Rewards ICO Token is same as an Ethereum ERC20 token. The GYM Rewards app token is taken from the Plata Blockchain, an Ethereum fork that will be mine by a Proof of Exercise component within the Token and the Mobile App.
PLATA BLOCKCHAIN
Ethereum is being used by the app. however, in order to compensate exercising and rewarding new Blockchain will introduce the following features not available in Ethereum:
1. Proof of Exercise
2. Free Contract Submissions
3. Token Transaction fees are based on the token itself, not on the blockchain coin.
PROOF OF EXERCISE (POE)
The GYM Token enables to Proof or Work (POW). The POE is a contract-based rewards system that its activated by detecting locations in the geolocation coordinates contract. heart beats are being used via the GYM mobile App to deliver block rewards once the time of required work has been met. Token earning structure is estimates, these are based on mining problems, therefor the less tokens people can earn the more valuable they will become.
- Running 10 minutes: .1666667 GYMs per Minute
- Running 1 hour: 10 GYMs per hour
ICO GROUND RULES
- To make sure that there’s a smooth and secured ICO the team has come up with some ground rules and regulations. To make sure that you are able to participate and be safe you need to follow below mentioned rules. Token sales will be at 10,000,000 GYM Tokens per day. More tokens are available next day.
- ONLY buy tokens from this website. Make sure you always look at the link. It should always be from the gymrewards.io domain.
- Do not invest to wallet addresses sent via Telegram, Slack, Twitter or any other social network.
- ICO Token sales will be open and close during specific times, the counter will declare the next opening time.
- Minimum buying amount is 0.1 ETH while the maximum amount will be 50ETH
- All countries in the world can participate, except for United States Residents who need to be accredited investors to participate. Becoming an accredited investor is not a difficult process
THE GYM REWARDS APP
Track your exercises and get profits with our GYM App. The ultimate goal of GYM is to be the all-in-one solution to pay athletes for their exercise and that provides wallet to manage their earnings and optimize their exercise routines. It has three major functions,
- Heart rate monitoring
- Exercise log
- Cryptocurrency Wallet
GYM REWARDS AT YOUR GYM
You can easily make money at your local gym by completing below steps,
- Download the app
- Start your heart rate monitor and app
- Get Paid!
GYM REWARDS AT YOUR LOCAL GYM
You can easily submit local GYM for approval. Your local GYM is not a participant. you can become its sponsor and make money from all of its mining.
- Submit your local gym to the GYM Regards website for approval.
- Promote GYM Rewards at the gym and allow participants to download the app via your referral QRCode.
- Earn 0.5% off all participants earned cryptocurrency.
- Keep earning from there on those participants exercise.
Token Sale
- Start: March 2018
- Hard cap: 15,000 ETH
- Soft cap: 100 ETH
- Token: GYM
- Exchange rate: 1 GYM= 0.0001 ETH
- Project protocol: ERC20
For More Information Visit :
Website : https://gymrewards.io/
Telegram : https://t.me/gymrewards
Facebook: https://www.facebook.com/gymrewards.io/
Twitter: https://twitter.com/GymRewards
Bountry: https://bountyhive.io/browse/GymRewards
Bountyhive Username: crybtc
Author details
Bitcointalk profile url : https://bitcointalk.org/index.php?action=profile;u=1302353
I like the concept of rewards syncing to a heart rate app. I've never really thought about linking blockchain and fitness together.
Great details about the ICO and the entire project. The team is working very hard and a lot of awareness... Can't ask for more from this great project. Am glad I will be buying as much as I can... Let us grow and be successful together.
thank you sir.
Thank for sharing review about Gymrewards with us.Good explanantion
thank you sir.
I'm impressed by your touching writing about like that topic.Because these days most of the peoples are thinking about how to continue a healthy life in easy way by using new technology.Thank you for info.
Thank you sir