GYM AI is an in-app token powered by the Binance Smart Chain (BSC) network. The token is used to encourage individuals to boost their quality of life and life expectancy by maintaining a healthy routine and diet. Its underlying infrastructure consists of a cross-chain bridge that enables transactions between Binance Smart Chain (main chain) and Ethereum (side chain) blockchains. GYM AI contributes to the overall success and stability of its ecosystem. Users of the token have the advantage of trading the token on both centralized and decentralized exchanges. The token can also be staked in different staking pools for reward benefits.
A Bit About Gym AI
Gym AI (GYM AI) is a BEP-20 utility token native to Gym AI, an activity-to-earn application. The app appropriates artificial intelligence to help users maintain a healthier lifestyle by setting goals and targets based on how active they are. The app further provides users with a customized workout plan, meal plan, and habit tracker to maintain consistency. The app is backed by the move-to-earn concept and combines financial incentives with health. GYM AI serves as the proprietary currency for reward implementation. You are further rewarded as an app user through referral affiliation and intuitive programs and challenges available in the fitness app. The reward system of the Gym AI ecosystem helps users gain further knowledge on how cryptocurrencies work and enhance their knowledge of health and well-being.
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GYM AI is a reward token serving its native activity-to-earn platform, Gym AI. The GYM AI token currently has a total market supply of 700 Million tokens and is also a deflationary token. The token is backed by the super fast and cheap Binance Smart Chain (BSC) protocol and is popular on DEXs where it can be purchased or used for yield farming by trading against the liquidity pool. The most active trading pair for the token on the PancakeSwap DEX is GYM AI/WBNB. Liquidity mining on some DEXs sees APYs reaching as high as over 400%. GYM AI token can be staked for passive income generation in three separate pools, including those with 25% APY, 150% APY, and 200% APY. The BEP-20 token can also be traded in centralized exchanges (CEX).
Utility of Gym AI?
The GYM AI token incentivizes users in the move-to-earn platform Gym AI. As the app's proprietary currency, it integrates health with financial incentives for those who take part in various fitness-related programs. The token is also used as a referral reward for existing and new app members. Through its AI-powered infrastructure, users can participate in incentive-based challenges that rely on completing set tasks and goals at the beginning of each month.
The gamification element of the app also provides you with an opportunity to take part in Q&A challenges that consist of a series of questions related to health and well-being. ,b>Correct answers will earn you rewards. GYM AI tokens can also be staked for passive income or traded on both decentralized and centralized exchanges.
The network has allocated its supply of 700 Million tokens to Presale at 27%, Liquidity at 13.0815%, Gamification implementation at 15%, Team at 4.9185%, Development for mobile at 15%, Influencer marketing at 5%, Rewards App at 10%, and Centralized exchange at 10%.
Gym AI Price details
BSC Contract address: 0xe65725fedb66586cbe32615e097a01c0aa43ae89
›› Details & Tokenomics
Advantages of Gym AI
+ The token encourages a healthier lifestyle with its move to earn model.+ You can stake the GYM AI token and receive rewards.
+ The token has increasing value due to the cross-chain compatibility of BSC.
+ Users incur low fees since it operates on the Binance Smart Chain.
+ You experience fast and seamless transactions when utilizing the token.
Disadvantages
- GYM AI is relatively new and not established in the crypto market.- The token and its underlying ecosystem are still in the development stages.
- It is susceptible to price volatility of the crypto market.
- GYM AI faces competition from similar move-to-earn tokens.
- There are limited exchanges supporting the token for trade.
Costs
▪ Rated at 9/10Transaction costs involving the GYM AI token depend on your preferred exchange. You can confirm costs before completing a transaction on the exchange. However, the costs tend to be relatively low since GYM AI is a Binance Smart Chain token.
Reputation and Buzz
▪ Reputation rated at 7.5/10▪ Buzz rated at 8.5/10
GYM AI has generated substantial buzz since its launch. A fair percentage of the move-to-earn community has positively embraced the token and its app, predicting a bullish trajectory soon. Some, however, are skeptical of the whole project, possibly with the recent rise of fraudulent cases involving similar projects.
The token was recently listed in leading tracking websites for cryptocurrencies and shows potential for growth that largely depends on health and fitness enthusiasts and the general market movement. Its recent presale has generated positivity with many expected to sign up and utilize the token as it further develops through its roadmap.
FAQ
What is the GYM AI Token used for?
The token rewards users' activities on the Gym AI move-to-earn platform. Its also used to generate passive income by users through Staking or trading against liquidity pools on exchanges.
What is the maximum supply of the token?
The token has a maximum supply of 700,000,000 GYM AI coins.
History of Gym AI
February 7 - Gym AI announces the official pre-launch of the GYM AI token on the BSC network via the PinkSale launchpad.
February 8 - GYM AI Dapp is officially released and can be accessed through the official website or downloaded via Playstore through a presale running till 10th February.
February 13 - The GYM AI token gets listed on PancakeSwap (v2). You can trade the token against other currencies or stake it on the decentralized exchange platform.
Screenshots from Gym AI
Gym AI details and tokenomics
