There is a popular saying that "Good health is wealth". But in this modern world, people are constantly searching for money while neglecting their own well-being. But what shall it profit a man to gain all that is in the world, but cannot use it because he is not well? According to WHO, arteriosclerosis is the leading cause of heart attacks which accounts for most deaths in the western world. A lot of fast foods, which is now available at every corner of the world, contains a lot of fats. It is the accumulation of these fats in the blood vessels that lead to the development of arteriosclerosis.
But many people fail to understand that these fatal heart attacks can be prevented by just exercising the body. Taking a few minutes to actually do some littles joggings and press ups can actually prevent a sudden death. But most people rather think it is a waste of time to be at the gym. For western countries, the gym attendance is somewhat encouraging, but for Africa and most Asian countries, the percentage of people who actually do exercise in order to live a healthy lifestyle is less than 2% of their popular. It is not quite surprising to see someone taking a lot of medications day-in and day-out, for a disease that can easily be cured by doing some exercise.
Most people have their own reasons for not visiting the gym. For some, they cant just afford to pay for it, while for other, although they have the financial power, they just feel reluctant to do it. And for most others, they will only like to get involved if it involved a mass number of people.These people just need a little bit of encouragement.
But come to think of it, what if people were motivated to keep their bodies fit? What if people were being paid for just trying to maintain a healthy lifestyle. And what if people were being paid for trying to help others do some exercises in order remain healthy? This is just a brief of what GYMREWARDS seeks to achieve.
WHAT IS GYMREWARDS?
GYM Rewards is a major project in the field of sports and blockchain that allows everyone to get a gift of cryptocurrency from the exercise that they do at the gym. By doing sports in GYM you will get GYM Coin in return. Users can install GYM Rewards app on a smartphone, then with Proof-of-Exercise linked to the blockchain, every stage of the exercise done will be recorded in the ledger. 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. This new blockchain will introduce certain features that are not available of Ethereum. These features are;
1. Proof of Exercise
2. Free Contract Submissions
3. Token transaction fees are based on the token itself, but not on blockchain coin.
HOW DOES GYMREWARDS WORK?
The idea of the GymRewards project is to create a decentralized mobile application specifically for sports and physical development, which is based on blockchain technology. It is known that for the mining of other cryptocurrencies, powerful computers (also called farms) are used, but in the case of Gym rewards, only your body and desire to train will help you to gain the cryptocurrency Gym Coin, which is the main means of payment of GymRewards. What you need to do is to become a user by simply installing the GymRewards app, and then, thanks to proof of blockchain-related exercises, you'll have to register the completed exercises. By exercising you will be rewarded in the form of a GYM token from each sport you do. The GYM Rewards application will record all of your sports activities in the ledger and provide an assessment of how much reward you will receive. The apps created will monitor heart rate, exercise logs, and also provide you with a crypto jump service.
Apart from earning GYM tokens from doing exercise by oneself, you can also earn rewards from the following;
1. At Athletic Events
One can easily become an event manager and make money by submitting events such as marathons, triathlons etc. All that one has to do is to submit the event to the GYM Regards website for approval. Next is to promote GYM Rewards at the event and allow participants to download the app via your referral QRCode. This enables you to earn 0.5% off all participants earned cryptocurrency. Then you can keep earning from there on those participants exercise.
2. At Your local Gym
Users of the system can also gain rewards when they place their local-gym for acceptance at the website. The user becomes the local-gym sponsor and can earn money from its crypto mining. The consumer promotes the GYM-Rewards at the gym and joiners can download the application.
GYM REWARDS PROJECT SCOPE
The GYM Rewards project consists of a complete solution to support the payment of workouts.From the Blockchain that supports the Exercise Test to the GYM Rewards Exchange for gyms and other partners to come and exchange Token GYM. Moreover, when users want to cash out, they will be able to redeem their GYM tokens at the local gym which provides the GYM Rewards service or trade them in the cryptocurrency exchange markets. There is no need to wait for exchanges to support GYM and no risk of getting stuck with useless tokens.
TOKEN AND ICO DETAILS
Token: GYM
Max Cap: 2,000,000,000
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
Token allocation
· 5% long term reserve;
· 5% core team;
· 4% airdrop and bounties;
· 3% advisors and partnerships;
· 10% token sale;
· 73% for GYM app mining.
All unsold tokens go to app mining part.
GYMREWARDS TEAM
The team is made up of individuals with a lot of experience in their respective fields. Meet the team;
GYMREWARDS CONTACTS
For more information about this great project, kindly visit the following sites;
Website
Whitepaper
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Blog author: Fayamba
Bountyhive username: Fayamba