What is Gymrewards About?

Introduction

Many people just don’t have the time and motivation to do the basic exercise that their body needs. Some have tried different inspirational tactics such as joining a neighborhood gym or passing through other means to get the necessary motivation they needed to visit the gym. It is good to take part in exercising as they help in strengthening the heart, the muscles, as well as reducing body fat. As more and more people continue to grow heftier and obese, it becomes necessary to visit the gym for some exercise that will help in controlling the weight issue and enhancing the level of bodily health.

GYM Rewards: What is it?

It is not every day you come across a site that is dedicated to encouraging people to build on their exercise lives through ICO. Gymrewads.io is a platform that is changing the way people get the motivation they needed to exercise. The project operated by GYM Rewards is aimed at addressing the problem of inadequate exercises by motivating people who need exercise to take part and live a healthier and happier lifestyle. Have you ever come across a project that pays users for exercising? Well, that is what this platform does. Through the use of blockchain technology, GYM Rewards introduces and drives the Proof of Exercise (POE).

GYM Rewards platform is a unique one that allows participants like gymnasium to exchange tokens at will. The primary objective of the GYM Rewards platform is to encourage and inspire people to start engaging in exercising and maintain healthy living all the time—all with the use of cryptocurrency, as well as rewarding those who exercise and maintain good health every day.

The token used by the GYM Rewards platform is based on the Ethereum ERC20 system. Furthermore, the token app employs the Plata blockchain, which is an Ethereum fork that is going to be mined through the use of proof of exercise components that is existing within the token and mobile app.

The recently designated blockchain will enable the GYM Rewards platform to be in possession of the features listed below, which are not there on the Ethereum:

• Proof of exercise
• Free contract of submission
• Transaction for token that would be based, not on the blockchain coin but on the token

How the Crypto Mining of the GYM rewards Body Exercise works

Here is how the entire process works.

Proof of Exercise

Under this segment, the token used by the GYM is what enables proof of work. Talking about the proof of exercise, it refers to a reward system that is contract based, which becomes activated immediately it is able to locate your location right on the geo-location location coordinate contract. Also, it makes use of the GYM mobile app’s heartbeat to give block reward immediately the participants meet their target and time required for an exercise or workout.

The structure if earning tokens is based on the difficulty of mining. Thus, the fewer the tokens earned the more valuable they tend to be. Below are examples of how the token earning structures works.

• A runner that runs for one hour will earn 10 GYMS
• A runner will earn approximately 0.1666667 per minute of a 10-minute run

Participants can manage event

People who are participating in the act can become event managers while using the platform. Such people can also submit events like marathons and others. Below is a clear example of how the process functions:

• The user who is an event manager submit the event to the GYM Rewards platform to get approval.

• Then the participant promotes the GYM Rewards right at the event following the approval of the event. Then others
are allowed to use the user’s referral QRCode to download the app.

• The will be entitled to earning 0.5 of all cryptocurrency earned by participants on the app.

• As those participants keep on exercising, the user will keep on earning.

Users are free to sponsor Local Gym

The users that are making use of the Gymrewards.io platform are capable if earning rewards if they can submit for approval their local Gym, bringing it to the site. If that happens, the user will become the sponsorer of that local gym, and such a person can make money from the course of mining. The user will start promoting the GYM Rewards at the Gym, and during this time, those who are participating can download the app. By making use of the user’s referral code, the user will be able to earn returns from those participants who earn cryptocurrency, as well as those who continue to exercise.

Conclusion

For on-boarding users, GYM Rewards is an attractive approach for rewarding gym and health events. It is a unique process for people to benefits from favorable trends in health and fitness living. It effectively removes the unfair advantage of huge-scale mining operations, since the platform makes it possible that GYM mining can only be possible through one’s body.

Learn more about WealthETM coins :

Website: https://gymrewards.io/
Telegram:https://t.me/gymrewards
Twitter:https://twitter.com/GymRewards
Facebook:https://www.facebook.com/gymrewards.io/
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