Hello,
It’s about the gym rewards project. I call it double gain. Yes! While you exercise, you earn too. So why not try it out?
NEW PACKAGES
Basically, this new blockchain aims at introducing:
Proof of Exercise (POE) – while the GYM Token shall allow for Proof or Work (POW). The POE is a contract-based rewards system that it’s 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. And so running 10 minutes: .1666667 GYMs per Minute and Running 1 hour: 10 GYMs per hour.
Free Contract Submissions- Entry or perhaps joining this project reward scheme is open to all and at no initial or running cost.
Token Transaction fees are based on the token itself, not on the blockchain coin.
AN OVERVIEW
Ok now, the GYM Rewards project comprises a whole lot of packages to promote 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.
SCOPE OF THE PROJECT
The scope of the gym rewards project cuts across Gym Partnership which avails you the opportunity to buy membership and products with Gym tokens; Gym rewards mining app which supports you earning while you exercise; Gym rewards exchange which consists of Gym/ETH, Gym/BTC and BTC/ETH, all built to support you, Gyms and insurance companies; Insurance companies partnership which makes it possible to get discount on insurance with Gym 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.
THE OBSERVED GAP
A thought about our project was necessitated by the observed need for us to do something such that the big mining farms stop getting all of the market share. Generally, we all love cryptocurrency because it skips the middle man, and because, we thought we would be able to actually eliminate unfair distribution of currency. Big mining farms have taught us that he who has the most money can make the most money, just like in most our corporate societies. This is where GYM Rewards comes in. We will have the first cryptocurrency token that will only be minable by our bodies. We are all equal, the only thing that will differentiate who owns more currency will be measure by the sweat of our exercises.
However, since lots of people do not have time or motivation to go to the GYM and so People try many different alternatives to find motivation, perhaps joining a nice gym, going to the gym with a friend, track your progress, and rewarding yourself will go a long way. Secondly, when we manage to drag ourselves to the gym in the evenings we usually feel exhausted from work, and more often than not I’d rather just go home, watch some TV and go to bed.
Therefore, our goal is to motivate people into exercising and becoming healthy with currency and to compensate those who are taking care of themselves every day.
And so; by leveraging the Ethereum Blockchain
We have developed a Decentralized Proof of Exercise Token with an innovative mobile app that allows you to mine GYM cryptocurrency with your body.
Also we have developed the GYM Rewards app that rewards you for exercising at the GYM by introducing a Proof of Exercise ERC20 token. The more you exercise at the GYM, the more GYM tokens you will earn. GYM Rewards Tokens are redeemable at your local participating gyms and will be tradable at participating cryptocurrency exchanges.
START NOW? YES!!!
At your GYM? It’s quite easy and the goes like this;
Download the app; Start your heart rate monitor and app; get paid!
At Athletic Events
You can easily become an event manager and make money by submitting events such as marathons, triathlons, etc. Just;
Submit event at the GYM Regards website for approval; Promote GYM Rewards at the event 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.
At your local GYM
Simply submit your local GYM for approval. Your local GYM is not a participant? Great news for you, 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. (Hint: Wear a t-shirt with the QRCode); Earn 0.5% off all participants earned cryptocurrency; Keep earning from there on those participants exercise.
bountyhive.io/r/ogbonnajunior
bountyhive.io/join/GymRewards