The Challenge Dapp
Here at Challenge, our mission is to use Blockchain technology to produce DAPPs that influence people to engage in positive behavior through the gamification of tasks using token economies and smart contract technology. Our debut DAPP will be the Challenge DAPP. Its purpose will be to motivate and reward people to work-out and stay fit while gaining massive adoption. There will be a total of 1.35 billion hard capped Challenge tokens, of those we will be airdropping 1 billion at ration of 1-to-1 to EOS token holders during the summer of 2018.
The Challenge DAPP
Take the Challenge to get into better shape.
(Problem)
As modern society has progressed, people have become more sedentary. With the advances in modernization and technology, people have become accustomed to having most of their daily needs met with very little physical activity. A 100 years ago, most people had to spend a large part of their day engaged in physical work and activities, such active lifestyles naturally led to people being more physically fit. As we have advanced technologically, people are now much less active, this decrease in physical activity has led to a massive increase in a multitude of health issues including obesity, diabetes, hypertension, cardiovascular disease, muscle degeneration, osteoporosis, back and neck pain, depression and early morbidity.
One of the most effective ways for people to combat the ill effects of their sedentary lifestyles and long days in offices is to spend time in their local fitness clubs and gyms engaged in physical activity. These clubs and gyms contain all the tools, equipment, amenities and coaching that people need to stay fit and healthy. But, as useful as these fitness clubs and gyms may be, people often lack the motivation and consistency to obtain and maintain the physically fit shape that they desire. The Challenge DAPP plans on changing this by developing a new, cutting edge system built with the use of Blockchain technology to help incentivize people and their friends and family to obtain and maintain their fitness goals.
(Blockchain)
Blockchain has increasingly become more popular over the last few years. Since the technology’s birth with Bitcoin, back in 2009, the technology has captured the imagination of all that have studied it. The technology’s wide range of use cases have left people stunned and in awe of its potential and seemingly endless possible use cases. With all of the interest in the space, many critics have down played the technology’s potential, suggesting that perhaps the technology has been over- hyped and lacks any practical uses. We will believe this simply is not the case! We believe that we are now only beginning to see and understand the infinite use case of Blockchain! The Challenge DAPP aims to solve both of these problems. We plan on building cutting edge technology, built on EOS Blockchain, which will help encourage and incentivize people to both get and stay in shape. The Challenge DAPP is a decentralized fitness reward and challenge platform. The DAPP draws upon token economics and smart contract technology to allow people to create fun interact challenges with friends, family and sponsors.
The platform will be easily downloadable and built for mass adoption. For a limited time users will receive free Challenge tokens for downloading the DAPP. They will also have the ability to upload value via cash apps and crypto like BTC and ETH, after which they can use their value to create and stack in their challenges with their friends, family and sponsors.
(Example)
For example, suppose Bill wanted to challenge Bob to go the gym by 8 AM the following day, Bill would simply input the challenge of going to the gym before 8 AM, select what he would like to challenge, say $20 of BTC, or 1 EOS or even a 5 dollar gift card from one of our sponsors, after the challenge has been created then it is sent to Bob. Another key feature of the DAPP will be custom tokens from corporate and business sponsors. We are currently in negotiations with companies that are interested in being able to give free promotional products as well as discounted goods and services to Challenge DAPP users. For instance, a user will be able to except a challenge from a corporate sponsor wherein the user may be given promotional products or discounted goods and services for simply attending the gym.
The DAPP will function much like a for profits business. The DAPP will have two main sources of revenue. First, the DAPP will charge a 1% fee on any fiat BTC or ETH and .5% fee on any EOS uploaded onto the platform. Secondly, a 2 percent fee charge from any sponsors/advertisers who want their gift cards or credits to be bought or traded on the platform. We believe the companies will jump at the opportunity to market to world’s first, and perhaps the most sophisticated Blockchain generated list of active gym goers and people concerned about their fitness. All profits will be held in a separate account, with token holders being granted the opportunity to vote on how those profits are allocated, plans for the first elections to be held by 2020. Token holders can even vote to redistribute profits back onto themselves.
The Challenge Token.
The Challenge token represents membership in the Challenge community. The community will have the ability to vote on who acts as management and what happen to profits as well as other important matters. The Challenge DAPP is not seeking capital from venture capital or through an ICO. But, it instead plans on airdropping 77%, approximately 1 Billion of its hard cap inflation less tokens, to the ESO community, 1 for 1 to ESO token holders, while keeping 290 million for time downloading users, development of the app, advertisement and administrative and personnel needs.
