Are you tired to go to the gym? Are you bored by repetitive and same exercises? Do you think that time spent in the gym is loose? Do you need some incentives to lose weight? Gym Reward project is the best way to change all your negative sentences and see to gym exercises with happy! Indeed, you will reward with tokens, directly exchangeable with fiat currency, for your time spent at the gymnasium.
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Gym Rewards introduces the Proof of Exercise applied to the Ethereum Blockchain. You will mine GYM tokens using an App on your smartphone. GYM tokens are ERC20 and will work on an Ethereum blockchain fork, called Ethereum Plata, that support Proof of Exercise. Plata blockchain is free smart contracts with fees based on the token itself. The blockchain assures trustless of transactions and deletes intermediaries.
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The Mobile App detects hearth active geographical localization and delivers block rewards, arriving to pay about 0,17 GYM tokens per minute during running, for example. The Mobile App measures routes, slopes, calories burned and immediate tokens generated.
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Furthermore, each user can earn 0,5% earning generation promoting app installations during gym events. Every user that continue using app and that signed up with a referral QR code, will continue to generate extra tokens.
GYM tokens are going to be used in a dedicated marketplace, to buy dedicated products. The more interesting application will be the discounts to receive by life insurance companies, which have all interest to reduce their risk exposition.
Why invest in GYM Rewards? All GYM investors will receive all fees generated by transactions proportioned to own shares at the ICO ending moment. During the ICO, the Company is going to distribute temporarily Ethereum tokens that will be changed on rate 1:1 with Plata GYM tokens.
Teams is solid and with good background. On the web rating sites GYM Rewards has reached high scores. Indeed, ICO marks gives 8.8 / 10 score: https://icomarks.com/ico/gym-rewards
The ICO considers an hard cap of 15.000 ETH and a soft cap of 100 ETH. The change in ICO is 1 GYM = 0,0001 ETH. Consequently max capitalization is 2.000.000.000 of tokens, with the following distribution:
· 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.
To participate, the minimum investment amount accepted is 0,1 ETH; the maximum is 50 ETH. The token sale is structured with a daily hard cap of 10.000.000 GYM tokens, following website counter. During ICO time is active a referral program that allow earnings of 5% on ETH invested by own referrals investors. For more information visit this page: https://ico.gymrewards.io/welcome-to-referrals/.
Contract GYM address is 0x92d3e963aa94d909869940a8d15fa16ccbc6655e with 18 decimals.
What do you wait? Get Paid for Exercising! Mine with Your Body! :)
Disclaimer: this is my personal article within my personal opinions so please don’t consider it as a financial advice.
For further information visit:
Website: https://gymrewards.io/
Official thread on Bitcointalk.org: https://bitcointalk.org/index.php?topic=2795234.0
Telegram: https://t.me/gymrewards
Whitepaper: https://files.acrobat.com/a/preview/8f3dbf7d-a966-429f-a9a7-8bb765907140
Bounty campaign: bountyhive.io/join/GymRewards
Twitter: https://twitter.com/GymRewards
My bountyhive username : malanayana
Working out and earning cryptocurrency.. gymrewards is the real deal
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Look good and get paid for it. Awesome project
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