The fitness industry has embraced technology and its safe to say it will continue to add more technological advances to improve fitness in the future. From enhanced clothing and gear to fitness trackers and metric performance analysis, there's always something new going on in the world of sport and fitness. So it comes as no surprise that fitness and cryptocurrency are looking to pair up and get you motivated to burn some calories and earn some crypto.
If this "burn and earn" approach to fitness sounds interesting to you, then check out some of these crypto fitness projects currently in the works.
ActiFit
ActiFit is a fitness tracking application available for both Android and iOS and rewards users for their workouts or "Proof of Sweat" with a native token. ActiFit tokens are currently an ERC-20 token, but the application runs on the STEEM blockchain.
ActiFit users complete their workouts with their device tracking their movements, and once they've reached the reward minimum threshold which kicks in after you perform 5000 steps per day, they will earn tokens.
A user who posts their workout summary/report card to Steemit will earn additional rewards in STEEM. The app also has an integration option for you Fitbit (currently only on the Andriod version), making it a little easier to track your workouts
To try out ActFit sign up here
SweatCoin
Sweatcoin can be loosely defined as cryptocurrency but cannot be fully considered as one. The currency’s infrastructure does not make use of blockchain technology, but a centralised database, the coin cannot be traded into fiat or other cryptocurrencies currencies in the same way as most digital currencies.
All earnings from Sweatcoin can be purchases, and traders live in their centralised ecosystem, which effectively makes it a loyalty program more than a cryptocurrency. Once you've downloaded and installed the app on your mobile device, it will track your steps and reward users with a native currency known as .Using its ‘Walk&Earn’ feature, the app currently pays out at a rate of 0.95 Sweatcoins per 1,000 steps taken outdoors.
SweatCoins can then be redeemed for
- In-app purchases
- Fitness products and gadgets
- Amazon or PayPal gift cards
- Donated to charity
To try out SweatCoin sign up here
Lympo
Lympo is a Lithuanian basked blockchain project using the ERC-20 token protocal on the Ethereum network. While its ecosystem will offer similar features to other fitness rewards apps on this list the project wants to take integration a lot further than just basically rewarding users.
Fitness database
The app will capture data and store it on the blockchain creating a decentralised hub of fitness data
Open rewards program
Earning or purchasing LYM will allow you to buy fitness, wellness, medically related services as well as purchase goods from retail stores as if LYM were fiat currency. LYM will allow various fitness-related businesses to tap into their network and use it as a rewards program or as a method of payment. Lympho is the only one of these tokens that can be traded as a cryptocurrency since its listed on four exchanges as well as Coin Market Cap.
To try out Lympo sign up here
Gym Rewards
Gym Rewards is a DAPP and mobile application and rewards users for Proof of Exercise. The application rewards users with tokens and runs on the EOS blockchain. The app must be connected via Bluetooth to a Heart Rate Monitor which tracks your metrics remunerates Users for their physical exercise with tokens that are mined via the so-called exercise test. The information will be downloaded to the application automatically, and users are rewarded based on your results.
To try out Gym Rewards sign up here
Vlique
Vlique was co-founded by Katie Booth in 2015 and is a reward system designed for millennials in mind. Users earn coins by booking classes or Personal Trainer sessions on the platform, which you can then spend on classes and Personal Trainer sessions within the platform or on glittering rewards such as activewear and brunches with its lifestyle partners (who in the past have included Lululemon and FaceGym). Not much has come out of Vlique since and the website now redirects to jiggl.co
To try out Vlique sign up here
Tell us your fitness story
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Disclaimer: This article should not be taken as, and is not intended to provide any investment advice and is for educational purposes only. As of the time posting the writers may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency as all investments contain risk.
