GYM REWARDS
In the era of cryptocurrencies, many projects have evolved. Some projects in the crypto environment die out quickly because they just cannot stand the test of time. But have you ever thought of a project that can get you paid while you exercise? Yes! This is going to be made possible with the help of the groundbreaking GYM Rewards project.
The GYM Rewards project consists of an entire solution to support getting paid for exercising and hence its main goal is to motivate people into exercising and becoming healthy with currency and to compensate those who are taking care of themselves every day. This is channelled through the Blockchain that supports Proof of Exercise to the GYM Rewards Exchange for gymnasiums and other partners to come and exchange GYM Tokens.
The GYM Rewards ICO Token is an Ethereum ERC20 token. The GYM Rewards app token is from the Plata Blockchain, an Ethereum fork that will be minable by a Proof of Exercise component within the Token and the Mobile App.
Plata Blockchain
The GYM Rewards new Blockchain will introduce the following features which are not available in Ethereum:
1. Proof of Exercise
2. Free Contract Submissions
3. Token Transaction fees are based on the token itself, not on the blockchain coin.
Why the Blockchain?
Today, cryptocurrency is very vital because it skips the middleman, and also GYM Rewards seek to actually eliminate the unfair distribution of currency. The first cryptocurrency token will be owned by all that will only be minable by our bodies. We are all equal, the only thing that will differentiate who owns more currency will be measured by the sweat of our exercise.
Proof of Exercise (POE)
The GYM Token allows for Proof or Work (POW). The POE is a contract-based rewards system that it’s activated by detecting locations in the geolocation coordinates contract and using heartbeats 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, therefore the fewer tokens you can earn the more valuable they will become.
• Running 10 minutes: .1666667 GYMs per Minute
• Running 1 hour: 10 GYMs per hour
GYM Rewards at Athletic Events
submission of events such as marathons, triathlons, etc. and become an event manager and make money.
• Submit an event at the GYM Regards website for approval.
• Promote GYM Rewards at the event and allow participants to download the app via your referral QRCode.
• Earn 0.5% off all participants earned cryptocurrency.
• Keep earning from there on those participants exercise.
GYM Rewards at local GYM
Easily submit your local GYM for approval if local GYM is not a participant and become its sponsor and make money from all of its mining.
• Submit 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.
• Earn 0.5% off all participants earned cryptocurrency.
• Keep earning from there on those participants exercise
The GYM Rewards App
The GYM App tracks individual’s exercises and profits. using today’s leading health devices. The ultimate goal of GYM is to be the all-in-one solution to pay athletes for their exercise, provide wallet to manage earnings and optimize exercise routines.
• Heart rate monitoring
• Exercise log
• Cryptocurrency Wallet
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 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
WHY YOU SHOULD INVEST
GYM Rewards delivers the most innovative way to motivate individuals for staying healthy to exercise and paves way for a cryptocurrency token that can be exchanged for value. 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.
PS:
Kindly visit Gym Rewards website at for an incredible 40% discount for all investors. Don’t miss the best offer you could ever get in any ICO. Join the Gym Rewards success story and let’s soar together.
Written by hunterz at: bountyhive.io/r/hunterz
This was a great write-up in showing that the practicalities of most proposed use cases aren’t that well thought out, but that doesn’t mean more appropriate use cases with a better implementation of blockchain or some blockchain-inspired technology should be abandoned, which is kind of where you left us.
I’m curious to hear if you really think all forms of blockchain have no practical use anywhere ever, or if you actually have some ideal use cases in mind. Thanks!
Every day we create, and also store more than 3 trillion bytes of data. People create and access data through various digital devices: data and information stored in various databases and clouds, in services such as social networks, online banks, music platforms, online stores and much more. Almost every 2nd person is registered on at least 15 platforms and uses about 5 different passwords. You can store these passwords and keywords along with other confidential information in various online organizations. However, this causes problems with security breaches, if someone keeps all the personal information in one place.
How can you solve this problem?
DIW is a secure digital block-based platform that protects and secures your virtual life by providing access to an encrypted decentralized world. DIW provides you with a secure digital storage, you will be able to store all your valuable data, including identity documents, financial documents, data for entry, wills, health records and much more confidential and confidential data. It will also process your crypto currency. From now on, the wallet, which will become your identity on the DIW network, will be used to give you access to the global network of DIW members.
Organizations and individuals throughout the world will be able to participate and exchange services within the Global Catalog. Access to the network is only available to legitimate owners, after confirming their account, by filling out the KYC / KYS documentation. The deal will be completed in full transparency, and all network participants will be able to see their real performance in the form of rating ratings. The DIW current will be used and received throughout the network for transactions between its members, providing higher security. Additional services, such as encrypted storage solutions, digital contract services, and hardware wallets to enhance security will also be offered to premium members.
To overcome this, DIW plans to implement the Payment Gateway, which will be easily integrated into e-commerce websites that accept fiat and Crypto currencies, which allow the use of crypto currency in everyday life, and the DIW token is the most ideal form of payment.
Applications DIW
Secure storage of confidential information
DIW provides secure storage of confidential information, such as identification documents, passwords, bank accounts and credit card information, documentation, KYC wishes or approved KYS, as well as other valuable digital data on a high-latitude, secure and personalized decentralization platform. The platform also allows account holders to safely share their data in full or in part.
Payment gateway for Crypto and Fiat currencies
Provide secure troubleshooting tools and protections for website owners to receive payments in major currencies, fiat or cryptographic using the DIW login decentralization platform. The payment gateway DIW will be a simple monitoring system integrated for many e-commerce sites, including those that include Open Source CMS, such as WordPress and Joomla.
The global DIW catalog
DIW plans to introduce a global catalog in which account holders, be they individuals or organizations, will be able to register their services and expand their coverage. The catalog will display an intellectual rating system that increases trust and transparency among account holders.
Escrow
Another key feature of the DIW platform is the intelligent escrow service based on contracts, which will protect transactions between the parties. The DIW escrow service is paid, easy to use, but at the same time complicated and smart, ensuring that all transaction conditions are met before the release of funds.
Advantages of the decentralized DIW community
💲 Full security for the account holder thanks to the hardware wallet.
💲 Effective, fast and economical operations.
💲 Full freedom in carrying out transactions with any currency: digital and phiatic.
💲 Single access to an endless portal.
💲 Support provided by a large international community.
💲 A secure peer-to-peer protocol for the transmission of sensitive data, including personal medical data.
Details of the ICO
To Buy DIW you must:
Buy Ethereum from any digital exchangePurchase XPST by sending Ethereum to our Diwtoken wallet addressCreate a MetaMask wallet (Recommended) or any ERC20 compatible walletProvide Diwtoken your MetaMask or ERC20 compatible wallet addressYou will receive your DIW within two weeks of the sale’s conclusion
More infomation, check here :
💲Website:
💲Whitepaper:
💲ANN:
💲My Bitcointalk profile :
💲My bitcointalk user name : Drloipro
