The turn of the century has seen some innovation that has changed the way we do things totally. The concept of what work or job is has totally changed with the invention of ‘work from home’ through the internet of things. International corporations and companies have begun to adopt this since it has been proven to be effective to move their project forward. It has been predicted that larger percentage of the workforce are going to be working from home in the next few year. Best as it seem, it has a great disadvantage on the health of the populace. Looking at the circumstance of working from home proves that it is possible for man to get all he wants for comfortability without moving out of the house. This means the little means he has to exercise his muscles (i.e. walking from home to workplace, exercising himself) is going to be a mirage.
Coming back to the present age we are in, so many people has it in mind to exercise themselves as they have been thought that it not only keep their body in shape, but it keeps their mind healthy. But they have loose motivation to go to the gym for a dozens of reasons one of which is because, whenever they come back from work they would have been so tired out that they just stay home. Because of this they have sought so many ways to help themselves like joining a gym group, rewarding themselves etc. but these have proven futile.
The situation is different in third world countries as they lack proper orientation. Some even think that the gym is only meant for the gymnast thus they have no business there. They have misunderstood ‘work’ for ‘exercise’ as many thought that their work is also an exercise.
Today the best beneficiaries of the blockchain are the mining farms with big and expensive hardwares capable of giving wealth unthinkable. Next are the technology geeks who work alone, these set of people also have hardwares which are equally expensive for so many. In other words, the best beneficiaries are the people who are rich and possess the knowledge of the blockchain.
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.
Gym reward leverages the blockchain technology to build a decentralized proof of exercise token and application that allows anybody to mine with their bodies. This rules out the fact that only the rich can get richer as it opens the door for anybody to be able to mine with their bodies, meaning that the more you exercise the more you earn.
Gym rewards create an application that monitors the heartbeat rate and uses this data to reward the user per time spent. Running for ten minutes will give 0.1666667GYM and running for one hour gives 10GYM. The number of tokens is less because the less the token the more valuable they will become.
Gym rewards goal is to help motivate by incentivization to exercise more so as to keep them in health both in mind and body.
The GYM token has been designed in such a way that it can only be mined with the body thus equating all men, the only difference is how much you exercise.
Gym rewards enable each users to earn by downloading the app, starting the heart rate monitor app, and then earn tokens as they exercise. The Gym token is redeemable at local participating gyms and tradable at participating exchanges.
Users are also able to earn through referrals, in two ways:
A user can submit an event (examples are marathon, triathlon, etc.). After it has been approved, the user publicizes GYM rewards at the event by different means, like wearing of customized shirts. Runners or participants at the events download the Gym rewards app through the referral link of the user. The user will continuously earn 0.5% of the rewards of those he referred.
A user can also promote Gym rewards at a local gym and earn 0.5% of the rewards of those he referred continuously as long as they use the app when they exercise.
The gym reward app comes with different interfaces:
source
This is the first of its kind, where users earn from the Proof of Sweat, it is prospective and good for investment from investors all around.
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