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Gymrewards - an entire solution to support getting paid for exercising.

Luckyperson21 Maret 10, 2018

About Gym Rewards

The GYM Rewards project consists of an entire solution to support 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.

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 more you exercise at the GYM, the more GYM Coins you will earn. GYM Coins are redeemable at your local participating gyms and will be tradable at participating cryptocurrency exchanges.

Proof of Exercise (POE)

The GYM Token allows for Proof or Work (POW). The POE is a contract-based rewards system that its 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. • Running 10 minutes: .1666667 GYMs per Minute • Running 1 hour: 10 GYMs per hour

Our Goal

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.

Project Scope

Why the Blockchain ?

When we started thinking about our project we had one thing in mind. What can we do so the big mining farms stop getting all of the market share? The main reason we all love cryptocurrency is 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 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.

App

Token Sale

Why to Buy GYM Tokens

The GYM Token will be used for the ICO funding of the GYM Rewards App and Blockchain token structure that will be used for the fitness industry.

• GYM transaction fees will be distributed among ICO Investors in relation to their token market share at the moment of ICO closing. (per QTR Payment)

• GYM ICO Token Holders will receive 1:1 on Ethereum GYM Token to Plate GYM Tokens.

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.

Team