GYMREWARDS - Mining Crypto With Your Body

amonk (29)in #gymrewards • 6 years ago (edited)

Introduction

Cryptocurrencies are a booming market with more people performing their actions every day. However, generating profit from them requires extensive knowledge of market analysis and trading, creating the need to understand new complex concepts and requirements for experienced investors, especially for someone who has never done it before. However, However, gymnasium Rewards could be a new platform that wishes to market cryptocurrency investment and a healthy modus vivendi, making the primary thanks to mine crypto along with your body.

What is GymRewards?

GYM Rewards is a visible app that makes cryptocurrency mining and synonymous healthy lifestyle. They have done so by creating what is called Proof of Exercise mining, which is something that will soon evaluate.

The GYM Rewards project consists of an entire solution to support payouts for training. From Blockchain that supports proof of Exercise to gymnasium Rewards Exchange for gymnasiums and various partners to come back and exchange gymnasium Tokens. No need to wait for the stock to support GYM and no need to risk getting stuck with useless tokens.

To achieve this, GYM Rewards has collaborated with some of the most famous gyms in the US and expects other countries to follow suit. In addition, this app is supported by Etherium and token contracts that help improve platform efficiency and ensure accessibility to its benefits.

The Problem

Many people do not have the time or motivation to go to GYM. People try alternatives to find motivation, join a good gym, go to the gym with friends, track your progress, and benefit yourself.

When I managed to pull myself into the gym at night, we usually felt tired of working, and more often not, I would rather go home, watch TV and go to bed. It does not only strengthen your muscles, It also strengthens your heart and bones, lowers your blood pressure and of course, reduces your body fat. America may be one of the bigger countries, but go to the gym once in a while and you can hold a lot of shade that is healthier and slimmer than the others. By tackling this problem, we will be able to stay in shape, live a healthier and better-looking life.

The Solution

By utilizing Blockchain Etherium Gymrewards developed a Decentralized Exhibit Token Exercise with an innovative mobile app, which allows you to mine GYM cryptocurrency with your body We have developed a GYM Rewards application that rewards you for exercising in GYM by introducing the Token Exercise ERC20 tokens. The more you exercise in GYM, the more GYM tokens you'll get. GYM Rewards tokens may be redeemed at your participating local gym and will be tradable with participating exchange-participating cryptos.

What Is Mining?

Mining (Mining) is a process by which transactions are recorded to the blockchain, you probably already know this. However, mining also generates new coins produced by people. That's what GYM Rewards is based on its platform, to allow you to get paid for exercising with crypto-crypto.

How Mining Works?

A miner is specifically assigned to find new blocks for transactions to be redeemed. They do this by solving complex equations and providing evidence of the legitimacy of such operations.

Traditionally, miners have dedicated their equipment to solve the equations so that they can find the blocks constantly. Every time a new block is found, the miner proceeds to record it. We know this generates revenue for them through fees charged to prioritize multiple transactions from the remaining amount. However, the miners also produce new coins of discovery blocks, which are fixed by code to be directed to anyone who finds the block. That's where GYM Rewards comes into play.

Proof Of Exercise (POE)

Proof of Exercise (POE) Token GYM allows for proof or job (POW). POE is a contract-based reward system that is activated by detecting the location in geolocation coordinates and using heart rate through GYM mobile App to send the Rewards block after the required work time has been reached.

Estimated Token revenue structure, this is based on mining difficulty, for that little token that you can get their more valuable.

Run 10 minutes: 1666667 GYM per minute.
Walk 1 hour: 10 GYM per hour.

GYM & Token App Rewards

The GYM Rewards as mentioned earlier has worked with some of America's leading gyms and comes in the form of apps that work similarly to heart rate applications that monitor your physical performance. The problem is, the word track is done to give the Evidence of the Exercise.

Proof of Exercise works by detecting when an app user is in one of the supported gyms. Then, he begins monitoring heart rate to provide proof of practice and provide mining rewards after the specified work time is met. To make this possible, the application is divided into three parts.

Monitor heart rate, to provide proof of your work.
The exercise log, to help you evaluate and program your routine.
And a crypto wallet, so you can save the tokens you get.

In addition, the options available to you to mine crypto with your body are also divided into three, as follows:

GYM Reward Through Your Gym - The standard application usage and the easiest way to get paid when exercising. This option only requires you to visit your local gym (if paired with the app) and start this app. All you need is to get a GYM Rewards app and start a heart rate monitor,
GYM Reward for Events - You can become an event manager and submit events to the GYM Rewards website and try to get them approved. After doing so, you can promote it and invite participants to download the app via a referral mechanism that will register as your reference and give you 0.5% of key crypto obtained from the event.
Sending Local Gyms - In addition, you can register your local gym into the GYM Rewards platform and become a sponsor. That will give you a percentage of all the income made in the gym.

ICO

The GYM Token is an ERC20 token, which means it can be stored in MyEtherWallet and other wallets that support this coin model. This will be used to pay the fee and the user can an exchange it with another crypto. To complete funding for the platform, GYM Rewards launches Initial Coin Offering (ICO). Benefits include the distribution of transaction costs among investors. 10% coins will be given to ICO with an exchange rate of 1 GYM per 0.0001 ETH.

GYM transaction costs will be distributed among ICO Investors in connection with their token market upon closing of ICO (per Payment of QTR).
GYM ICO Token Holders will receive 1: 1 on GYM Token to Plata GYM Token.
Unsold tokens will result in token being burned in order not to meet the percent distribution.

Token Distribution

5% Long Term Reserves.
5% Core Team.
4% Airdrop and Bounties.
3% Advisors and Partners.
10% Token Sales.
73% for the GYM Mining App.

Max Cap: 2,000,000,000 and unsold on ICO back to GYM App Mining. All tokens allocations will be reflected in the Blockchain Plata.

Roadmap

December 2017

Brainstorming - Carmelo and Jose brainstormed on how we could introduce a man-powered blockchain and mass adoption to support it. GYM Rewards was born.
Proof of Concept - App proof of concept developed. Blockchain Integration tested.Ron Palmer Joined as an Advisor * Ron Palmer - Joined as an Advisor, we are happy to have him on our team, his experience in technology improvements is essential.

February 2018

Partnerships - We have had great luck leveraging our connections. We are sealing a few great partnerships. Will announce soon Carroll Moon joined the team as an advisor.
Carroll Moon joined the team as an advisor - We are very excited to have him onboard! Carroll is also the Co-Founder and President of KidFit (non-profit).
Beginning of Airdrop - Beginning of Airdrop. 2% has been allocated to bounties and the Airdrop. Join our telegram for more information. https://t.me/gymrewards.
Thank you for joining our Whitelist.
Whitelist Token Distribution - Whitelisted participants will be able to purchase first privately. These whitelisted members will have the opportunity to buy at a 60% Bonus for 48 hours starting February 27th.

Marc 2018

ICO Launch - ICO LAUNCH at 50% BONUS Starting March 1st. Only, 10M Tokens sold per day. If 10M tokens are sold in the day, the sale will close until the next day. It at any time the Max Cap is reached, the ICO will end.

April 2018

ICO 40% Bonus Stage - This ICO Bonus Stage starts on April 1st. These token sales will include a 40% bonus.
ICO 20% Bonus Stage - This Bonus Stage starts on April 15 st. The bonus at this stage is lowered to 20%.
ICO 10% Bonus Stage - This Bonus Stage starts on April 30 st. The bonus at this stage is lowered to 10%.

May 2018

Final ICO Stage - This Bonus Stage starts on May 1st and end on May 15th. There is no bonus at this stage. The cost of GYMs will be at 1 GYM per 0.0001 ETH.
GYM Rewards App Beta - The GYM Rewards beta app will be release on May 15th. Initially on Android, and a couple of weeks after on iPhones.
GYM/ETH GYM/BTC ETH/BTC Exchange - We will be launching our own Exchange to support your trades and the ones from participating gyms in order for them to accept GYM Tokens for memberships and products.
Etherdelta Exchange Listing - We should be on Etherdelta by a private link on May 15th, however, we expect to be officially launched at Etherdelta by the end of the month. Other exchanges should follow.

Team

Armando Santana - Advisor
Vika Elshevskaya - Russian Speaking Bounty manager
Raul A. Milian - Cryptocurrency enthusiast
Canice Philips - professional altcoin trader and a crypto enthusiast
Jose Barrales - The Co-founder of GYM Rewards
Carmelo M Sanchez - Co-Founder – Over 20 years experience in IT Service Management.
Yuzzel Alexis - Lead Developer