You can mine coins from almost anything and the incentive blockchain-based systems are fine as long as you are able to use or trade the coins in the market. Distribution is key for a successful coin to circulate.
Shared economy, shared transportation and logistics, now shared training data in a blockchain community where mining incentives are based on training efforts. Users get access to affiliated gym facilities, personal trainers, classes and accessibility according to trends there is a need for an affordable system for consumers to obtain self-directed fitness from time to time. For almost two years ago GymCoin developed by New York startup promised to revolutionize the fitness industry with their new digital currency made international headlines with the announcement of their Pre-ICO Sale leading up to the launch of their ICO that is set to change the way gyms do business was the promise.
“GymCoin is poised to be one of the best ICO’s this year as the use of Digital Currencies rise and global gym memberships are on the incline, the environment is ripe for this type of Fitness ICO.”
Regardless of promises and many years of experiences or 28 000 gyms worldwide it seems difficult to succeed without a Game Plan. It requires a collaboration between the biggest gym chains in the US (Anytime Fitness, Planet Fitness, Snap Fitness, Golds Gym) combined with the biggest brands in training supply, protein powder, workout equipment, to create an interesting ICO.
However, a shared data blockchain platform is possible to gather a massive amount of information for the system to develop deep machine learning inaccessible from others than the users themselves. 53% of the users of fitness tracker are fine with sharing their data, 25% Women, 18% Men and 19% High School students share their data already. 38 477 facilities in the US by 2017 and 104 922 fitness enterprises in the US 2020 is a good start to combine is the challenge for the next ICO. At Maddox Burhall we’ve done some research to find possibilities for the gym and fitness sector for a healthier lifestyle. Information we are sharing in our next report. – Opportunity Report