INTRODUCTION
Lots of people do not have time or motivation to go to the GYM. People try many different alternatives to find motivation, joining a nice gym, going to the gym with a friend, track your progress, and rewarding yourself. 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.
Everyone knows that exercise is good for health and that they should regularly engage in it but they lack the motivation and Gymrewards provides the motivation
By leveraging the Ethereum Blockchain ,Gymrewards have developed a Decentralized Proof of Exercise Token with an innovative mobile app that allows you to mine GYM cryptocurrency with your body. 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 users exercise at the GYM, the more GYM tokens they will earn. GYM Rewards Tokens are redeemable at your local participating gyms and will be tradable at participating cryptocurrency exchanges
WHY BLOCKCHAIN?
The main reason users love cryptocurrency is because it skips the middle man, and because, it 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. This cryptocurrency token that will only be minable by bodies and the only thing that will differentiate who owns more currency will be measure by the sweat of exercises.
How exactly Gymrewards work?
Users will have to first of all submit to their local GYM for approval. If their Gym is not a participant then users can become the sponsor and make money from all of its mining.
Submit their 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.
App prototype screenshot
ROADMAP
TEAM
Carmelo Sanchez: President/ Co Founder-
jose-barrales: Co founder
Yuzzel Alexis: Senior IT Project manager
Vika Elshevskya : Bounty Manager
VERDICT:
The GYM Rewards app is a patent pending app that rewards you for exercising at the GYM by introducing Proof of Exercise to the blockchain. The positive point of this App is it has already launched their proof of concept in the market such that we all will get to know how exactly this app works, this one is actually a good concept keeping in mind that nowadays people are genuine concerned about their health and always they hit the gym and nothing is bad if you get paid when work out right?
Token Distribution
• 5% Long Term Reserve
• 5% Core Team
• 4% Airdrop and Bounties
• 3% Advisors and Partnerships
• 10% Token Sale*
• 73% for GYM App Mining
Max Cap: 2,000,000,000
*Whatever does not sell at the ICO goes back to GYM App Mining. All token allocations will be mirrored at the Plata Blockchain.
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 Details
Contract: 0x92d3e963aa94d909869940a8d15fa16ccbc6655e
Token Symbol: GYM
Decimals: 18
Sources and for more details
Website : https://gymrewards.io/
Twitter : https://twitter.com/GymRewards
Facebook: https://www.facebook.com/gymrewards.io/
Reddit : https://www.reddit.com/r/GYMRewards/
Telegram : https://t.me/gymrewards
ANN Thread :https://bitcointalk.org/index.php?topic=3053926
Bounty : https://bountyhive.io/join/GymRewards