Motivation is a very important factor in anyone’s fitness journey. When it comes to physical activity, there are many reasons to exercise regularly. Obviously, the main reason for most people is simply to be healthy and keep fit. However, there are a lot of health benefits that come from being physically active. Exercising regularly can help you control your weight, help strengthen your bones and muscles, improve your ability to do daily activities, can also help reduce your risk of disease, and can even help improve your brain health. Now, while these health reasons are usually enough to get people to start getting physical activity, keeping up a regular fitness routine not only requires discipline and commitment, but also a lot of motivation. On top of all the health benefits that come with regular exercise, having additional rewards for reaching your fitness goals will definitely increase your motivation level to stay engaged in any type of fitness activity. entrance Application gainsAn innovative mobile app that is set to revolutionize the way people stay fit by providing fitness enthusiasts with a platform that allows users to compete, create and bet on live fitness challenges for which they can earn cash rewards, anywhere, anytime.
Who is the GAINS app for?
Application gains is a mobile/web tech startup that helps fitness enthusiasts push themselves to the next level with the Gains App.
With the spread of the global COVID-19 pandemic in the world, the fitness industry was one of the industries that was mostly affected by it, since most of the fitness related businesses such as gyms, fitness centers, sports venues, etc., all suffered heavy financial losses, as They all had to close due to the spread of the SARS‑CoV‑2 coronavirus.
While trying to figure out a way to stay in the fitness business during the COVID-19 pandemic, Hayes Kanyike, founder and CEO of the Gains App, came up with the idea to create the Gains App as a fun, reliable way to keep the global fitness community (including fitness enthusiasts, as well as personal trainers gym owners and other fitness professionals) are physically active, properly motivated, and ultimately engaged in fitness throughout their daily lives.
As Hayes explained in a recent interview with GadgetGram: “As a health and fitness entrepreneur, my business has been impacted by the pandemic. I took the time to start working on a social platform where people could bet on and compete on fitness challenges and win instant cash, while staying in the loop. At the same time, the fitness community is active and engaged.”
In other words, the Gains App provides a unique, innovative, and awesome way to connect, entertain, and ultimately reward the global fitness community.
What is the GAINS app?
Essentially, Gains is a mobile app that provides fitness enthusiasts with a platform where users can compete live, as well as create and bet on live fitness challenges and also for which they can earn cash rewards, anywhere, anytime.
Gains is quickly creating a new revenue stream for the fitness industry, as this is currently the only live competitive fitness social media app where all users can get paid.
How does the GAINS app work?
When using the Gains App, there are three types of users: competitors, referees, and spectators, all of whom are able to earn different amounts of money while being part of a community of like-minded fitness enthusiasts.
Essentially, Competitors are users who are able to enter live fitness challenges they wish to participate in by paying an entry fee (set by the judge creating that challenge) which is added to the total prize winnings (i.e. cash pot) of said challenges, which can be Broadcast live fitness challenges from anywhere for a chance to win a big chunk of money in the pot.
In addition, there are judges (eg personal trainers), which are essentially users who are able to create live fitness challenges and then decide the winner of each challenge, who will win a percentage of the money in the pot.
Finally, there are also the spectators, which are users who can watch, follow and bet on their favorite competitors and judges.
Users can be both a competitor and a judge, with the obvious exception of not being able to enter as a competitor in challenges they create (as a judge). Users can also be a spectator if they are looking to bet on fitness challenges, as long as they are not a competitor or referee in any challenges they are looking to bet on.
Each live fitness challenge is specially programmed to last for a short period of time, which can range from 1 to 5 minutes max.
Be aware that live fitness challenges can only have up to 10 competitors participating at a time in each live broadcast room. If more than 10 contestants wish to participate in a specific live fitness challenge, another room will be created with 10 competitors for the same challenge.
It is also important to note that bets must be placed on a competitor before the Live Fitness Challenge begins, meaning that bets cannot be placed once the challenge has started, nor during the challenge.
Viewers (i.e. bettors) who use the Gains app to watch live fitness challenges can also keep track of their favorite competitors (by following that competitor’s personal user profile) so they can always know when those competitors will compete, ultimately making it easy and simple for Spectator users to place bets. ahead of their favorite competitors.
In-app earnings (percentages and payment processor)
When a competitor wins a live fitness challenge, they will earn approximately 65% of the cash amount for that challenge.
Judges earn approximately 15% of the cash for any live fitness challenge they create and successfully run. Note that if a live fitness challenge ends up creating multiple live broadcast rooms, that’s a really good thing, because that means the judge who created that challenge would be able to win 15% of the cash from each one of them. Stream rooms.
Spectators get odd percentages (divided fairly among whichever bettor wins their bets) from a separate cash pot that is only shared between spectators who have placed a bet on different competitors taking part in the same challenge.
The company only charges an administration fee of 10% of the cash pot for any fitness challenge created (and obviously done/finished), which is how they make their profits.
To process all payments associated with each live fitness challenge, the company uses (meaning earnings app) Currently tape Since they are a payment processor at the end, they only take approximately 1.9%~2% of the payments that will be processed for the competitor who wins each live fitness challenge, the judges, and any spectators who could potentially place bets on the competitors participating in the challenge.
It is also important to note that when processing payments for all three types of users, the Gains app does not store any personal data from its users (including competitors, as well as referees who create fitness challenges, as well as spectators).
Finally, know that the Gains app also has a back-end system that monitors judges in order to prevent potential cheating, as the company only approves judges who meet ethical and professional standards. If a judge is found to be in violation of our Community Guidelines and/or the terms of the Terms, it will result in the account being deactivated immediately.
What are the company’s future plans for GAINS application?
Gains was recently shown (between March 12th and March 15th), at SXSW (South by Southwest)in Austin, Texas.
While the official release date for the Gains app has yet to be announced, that launch date is still expected to be announced somewhere during 2023.
If you are interested in knowing more about the Gains app, you can do so by visiting Gains App official website.