GYM Rewards GYM ICO: Body Exercising Crypto Mining Profits?

Many people lack the motivation and the time to exercise. Most will try different motivational solutions such as joining a nice gym or rewarding themselves among other ways to get the motivation they need to visit the gym. Exercises are good as they strengthen the muscles, the heart, and reduces body fat. Today, more and more people are becoming heftier by the day and going to the gym can help them become healthier and reduce their weight.

What Is GYM Rewards?

The GYM Rewards projects address this problem by motivating people to live healthier lives and look better. This project pays users for exercising. The system uses blockchain technology as the proof of exercise (POE). The platform also has a GYM Rewards system that allows gymnasiums and other partners to exchange tokens. The goal of the platform is to motivate users into exercising with cryptocurrencies and reward those who exercise and keep healthy every day.

The GYM Reward platform uses a token that is based on the Ethereum ERC20 system. The token app is based on the plata blockchain that is an Ethereum fork that will be mined using a proof of exercise component within the mobile and token app. The new blockchain will allow the platform to have the features below that are not available on Ethereum:

Free contract of submission

Proof of exercise

Token transaction fee that will be based on the token and not on the blockchain coin

How GYM Rewards Body Exercising Crypto Mining Profits Works

Proof Of Exercise

The GYM token allows for proof of work. The proof of exercise is a contract based reward system that is activated once it locates your location on the geo-location coordinate contracts. It also uses the heartbeats on the GYM mobile app to give block rewards once the users meet the time required for a workout or exercise. The token earning structure is based on mining difficulty thus the fewer tokens one earns, the more valuable they become. The estimates for token earnings is shown below:

Running for 10 minutes will earn the runner approximately 0.1666667 GYMS per minute

Running for 1 hour will earn the runner 10 GYMS per hour

Users Can Become Event Managers

Users can also be rewarded by becoming event managers at the platform and submitting events such as marathons among other events. Here is how the process works:

The event manager submits the event at the GYM Regards website for approval

The user promotes the GYM rewards at the event once the event is approved and allow others to download the app using the user’s referral QRCode.

The user will earn 0.5% of all the participants who earn any cryptocurrencies on the app

The user will keep on earning from those participants who keep on exercising.

Users Can Sponsor Their Local Gym

Users of the platform can also earn rewards when they submit their local GYM for approval at the site. The user becomes the local gym sponsor and can make money from its mining. The user promotes the GYM Rewards at the gym and participants can download the app. using the user referral code, the user can earn on those participants who earn cryptocurrencies and those who keep on exercising.

GYM Rewards GYM Token ICO Details

Parameter of the ICO