gymchain – intelligent sports and fitness management ... · at present, gcc is a kind of crypto...

GymChain – Intelligent Sports and Fitness Management

PlatformBased on Blockchain White Paper

GymChain Team

2018.01

1.Project Brief

1.1 Internet+sport and fitness development .......................................................... 5

1.2 Blockchain is the trend of the times ................................................................ 6

1.3 GymChain ........................................................... Error! Bookmark not defined.

1.4 GymChain Development .............................................................................. 8

1.5 Principles and design for GymChain .......................................................... 10

1.6 Application scenario ...................................................................................... 12

1.7 GymChain Smart Bracelet Introduction ......................................................... 13

1.8 GymChain Ecology ....................................................................................... 14

1.9 GymChain Prosperity .................................................................................... 15

2. GymChain Coin (GCC) .......................................................................................... 16

2.1 What is GCC ................................................................................................. 16

2.2 Incentive Scheme of GCC ............................................................................. 16

2.3 Trading Loop of GCC .................................................................................... 17

3. Product .................................................................................................................. 19

3.1 Production solution ........................................................................................ 19

3.2 Operation ...................................................................................................... 21

4 Technical Architecture ............................................................................................ 22

4.1 Issuance of GCC ........................................................................................... 22

4.2 Smart Wearable Device。 ............................................................................. 22

4.3 Technical Architecture ................................................................................... 23

5. Fund Utilizing Plan ................................................................................................ 24

6. Our Team .............................................................................................................. 25

6.1 Core Team Member ...................................................................................... 25

6.2 Investor and Advisor ..................................................................................... 27

6.3 Investment Company .................................................................................... 28

6.4 Media Partner ................................................................................................ 28

7. Contact .................................................................................................................. 28

8、Risk Disclosure .......................................................... Error! Bookmark not defined.

8.1 Market Risks ....................................................... Error! Bookmark not defined.

8.2. Technological Risks ........................................... Error! Bookmark not defined.

8.3. Compliance Risks .............................................. Error! Bookmark not defined.

8.4. Capital Risks ...................................................... Error! Bookmark not defined.

9. Disclaiment ............................................................................................................ 29

GymChain

AI · BIG DATA · EVERYONE FITNESS

GymChainFoundation

www.gymchain.io

1.Project Brief

Gymchain is a decentralized intelligent sports and health management platform.

Based on blockchain technology, AI intelligent wearable hardware and distributed

nodes of PC, Gymchain system is built to implement DAPP, a global distributed

service platform. Gymchain is committed to building a global platform for health data

exchange, credibility exchange and values sharing. Gymchain’s mission is to build a

global ecosystem of fitness platform where members share the same value of fitness

and healthcare with application of blockchain technology.

1.1 Internet+sport and fitness development

On October 29, 1969, the first node of the UCLA and the second node of the Stanford

Research Institute (SRI) were connected, marking the commerce of the internet to

mankind. "Internet + sports and fitness" realizes a rapid development in the wave of

the Internet +. We can roughly divide the development into three phases: develop

1)The first phase was social fitness sports with step monitoringfocused.

2)The second phase was APP designed for fitness classes and socializations.

3)The third phase was also APP but focused on fitness pedometer, training program,

and video teaching.

The Internet + Sports & Fitness APP was in its early stage in 2014. Functions tended

to be simple mainly focused on step monitoring. By 2016, it has moved to O2O mode

with venue and coach involved. Due to lack of value added experience and core

motive driven element, both users and coaches were not sticky enough to effective

activities. Now, Gymchain's team has launched the DAPP project, building a new

generation of fitness APP supported by technology of blockchain, internet+ AI

intelligent hardware.

Numerous studies of sport activities have shown that users’motivations has strongly

related to the scoring. GymChain provides user with scoring of their exercises which

stimulate much wider participation, and to create a large sports and exercise

community.

The GymChain’s idea is to allow users to be able to track their own exercise and

health data by using wearable hardware, and to improve their health by improving

their exercise data. With Gymchain's nodes distributed throughout fitness venues of

the world wide, and value sharing of Dapp platform, token’s output and consumption

is realized and GCC trade takes place within a close-loop , thus, an ecosystem of

fitness is to be established. In the future, it will gradually achieve the perfect sharing

of sports and fitness venues and coaches. Wherever its nodes found in the world,

Gymchain’s users will be able to exercise with previous data traceable.

1.2 Blockchain is the trend of the times

On October 31, 2008, Nakamoto released the Bitcoin white paper "A Peer-to-Peer

Electronic Cash System," announcing the advent of a value-delivery network. There

are many recommendable innovations that bitcoin has created, such as:

tamper-resistant, data backup, relatively anonymous participants and no intermediate

parties. But its own trading performance and proof of work (Proof of Work, POW)

consensus mechanism has gradually revealed problems. Blockchain technology is

derived from bitcoin. In the past two years, geeks mainly revolved around

blockchain’s transaction performance and consensus algorithms, safety and

anonymous features to improve, and improvement has been seen, such as

enhancement of NEO and EOS transactions and performance, enriching and

improvement of consensus algorithms of Proof of Stake( POS), DPOS, Practical

Byzantine Fault Tolerance (PBFT) ,Zero-knowledge Proof (ZKP), currency trade

safety etc. Gymchain DAPP will continue to enhance its efficiency and promote the

development of sector-based economy that focuses on sports, exercise, fitness and

rehabilitation through the establishment of platform and the development as well as

iteration of product and commercialization. Gymchain DAPP Ecology defines a New

Blockchain Economy.

1.3 The Meaning of GymChain

1) The issuance of Token offers productivity to sports, fitness and training, changes

the relations of production, and makes it possible for every participant to generate

biometric authentication information and exercise health data to make everyone fit.

2) Block chain technology resolve the trust and value transfer problems. By

decentralization, the real sense of fairness, openness and transparency is to achieve,

and thus more people to involve, and the formation of an ecosystem of sports and

fitness is eventually in place.

3) Each gym in the coAmunity will be a GymChain distributed node. The venues will

reward GCC for retaining more customers and customers can pay GCC for the

services received. GCC then begins circulation. Also this will allow users to optimize

their fitness venue environment, gym to improve their services to be competitive, and

entire industry grows towards a healthy and vigorous system.

4) Gymchain in the future plans to develop 3D motion trajectory for professional

athletes capturing their movement and training records through wearable smart chips

and advanced algorithms. This can be widely applied in schools, sports training,

clinics and many other fields.

5) the best advantages of Gymchain is that it enables diversified fitness scenarios

and support for a variety of sports modes. It creates a beautiful harmony that all

elements such as AI smart wearable hardware, big data, people, venues and

coaches are all linked well and worked well together.

1.4 GymChain’s Development

Block chain technology is currently considered as the world's most promising, most

imaginative, most innovative technology which changes production relations. The

biggest feature of the blockchain is de-centralization, which realizes the point-to-point

value exchange, which is called the value internet..

The goal of Gymchain is to create a peer-to-peer, value-driven and collaborative

ecosystem in which users function as the single node and fitness venues as the big

node with harmonious community and society environment to support.

First of all, we use blockchain technology to build a secure and stable DAPP platform

that enables smart contracts and digital assets. At the same time, we will introduce

intelligent hardware bracelets that can intelligently monitor sports and physical

conditions and ensure accurate and detailed data of user movement. No cheating is

possible.

Second, we use cloud big data to analyze for commercial purpose, such as insurance,

healthcare, personal biometric authentication, personal credit history etc. This step

will grow DAPP towards innovative, easy to use and diversified platform.

Finally, through the GymChain Coin (GCC), we connect each user's data including

intercommunicating data with other platforms (including non-blockchain) to construct

an interlinked and multi-dimensional data supported DAPP ecosystem of exercises

and fitness. Using multidimensional data of personal credit, assets, production and

consuming, it helps to integrate effectively the community consensus, individual

behaviors and value exchange. Token embraces the value of the entire ecosystem,

because withhold of GCC, users will receive the services, enjoy resources of fitness

venues and nearby shopping malls as well as sports technology and data that

blockchain can offer.

1.5 Principles and design for GymChain

GymChain is dedicated to help everyone build a reasonable and funny sport and

fitness scene. We use AI smart wearable device to collect users’ sport and health

information and upload it to the chain. Users will get feed back afterwards through big

data analysis with scientific exercise methods guide and practical exercise plan.

GymChain makes it possible for everyone to participate in sports and fitness to obtain

better experience and share the commercial value of taking part of the GymChain

exercise. For this purpose, GymChain is designed based on following logic and

principles:

(1) Every natural person and other business forms can participate in this ecosystem.

We ensure that all parties benefit from our reasonable design so that GymChain

ecosystem gets a stable and long-term development.

(2) We bring in interesting features for everyone to do sports, take exercises, social

and make money in a relaxing and enjoyable environment.

(3) The system treats each participant fairly, using decentralized block chain voting

mechanism and intelligent contracts, a well acknowledged system by all.

(4) GymChain platform is open to every fitness and health related individual and

institution. Every party is welcomed to share its skills, information, and equipment so

that the GymChain value and benefits for all participants get increased.

(5) In the system, each participant can freely exchange skills, produce transactions,

social and mining jointly.

(6) All transactions, exchanges, mining, and social rules are built and executed on the

basis of block chains and Smart Contract. We guarantee that every pay and resource

will receive reasonable return and that the whole transaction process is open,

transparent, and cannot be altered.

At present, GCC is a kind of crypto currency issued on Achain and Smart Contract. In

theory, Achain could reach 1000TPS(transactions per second), but each transfer and

token reward would be charged a fee and token reward could not be transferred into

user’s account in real time.

Later, we will issue new crypto currency based on the DAG technology chain, such as

TrustNote. The full name of DAG (Directed Acyclic Graph) is "directed acyclic graph",

without concept of block. Not all of the data is packaged into blocks and then use the

block link block. In DAG, each user can submit a data unit with many elements, such

as transactions, messages, etc. Data units are linked by reference relationship to

form a semi-ordered DAG (Directed Acyclic Graph). The feature of DAG is

asynchronizing the operation of writing data, and a large number of wallet clients can

autonomously asynchronously write transaction Data to the DAG, which can support

a great amount of concurrency and high speed of transaction. Moreover, crypto

currencies based on the DAG consensus mechanism do not require handling fees

and can be arrived at once. For GmyChain, with DAG block chain, even if the there

are more and more users, it also can be ensured the the token reward can be

credited in real time and no transfer fee.

After the issuance of new crypto currency, GCC at this stage will ensure the same

proportion of exchange.

1.6 Application scenario

The identification and credibility inquiry. The user identity information is authenticated

on the chain, including biological information, such as face recognition. With

development of DAPP’s application in cross-border e-commerce and blockchain

technology, credit related data will be locked in the chain, and credit history can then

be accessed after approval of the receipant. The process will evolve a highly reliable

credit mechanism, and the establishment of user identity authentication, biometric

information, credit information will form a comprehensive database, providing

refereces for services of digital financial assets.

Through rehabilitation training, biometric data such as vital signs data, medical

reports, genetic diseases and chronic diseases data can be recorded for reference of

users when they demand so. Data of health check ups and hospital diagnose that

used to be confidential, now to be opened up. Obtaining users’approval, those data

can be accessed by health insurance companies, non-drug treatment and

rehabilitation training services and other agencies for making proper solutions.

Goods tracking for cross-border e-commercer, and anti-counterfeiting. GymChain's

team has its own cross-border e-commerce service. As DAPP continues to iterate, its

application to cross-border e-commerce will support digital currency payment. Token

can prevent faulse ordering and malicious bad reviews, and to achieve authentic

credit rating. Customer to enjoy best SKU that e-business offers. At the same time,

blockchain technology helps track, upload, and verify the entire process of product

imported, and will create unique“block identities” for each product. It is easy for

customers to verify and ensuring that the source of the product is authentic and

reliable, through which fake goods are fundamentally eliminated.

GymChain Eco has had game producers as partners. When DAPP accesses the

game manufacturer in the future, Token will be able to acquire, circulate and trade

small game props.

Digital payment makes purchase easier. In compliance with the laws of various

countries with Token as payment, purchasing international goods can’t be easier.

Wherever internet is available, the transations can take place. Payment has crossed

the barriers of country and become truly convenient.

1.7 GymChain Smart Bracelet Introduction

The first generation of GymChain hardware is a smart bracelet through which user

is rewarded based on their exercises data. The bracelet is supported by the

technologies of smart contract and data asset management.

The GymChain has established cooperation with a well known manufacturer to

produce smart bracelets. The engineering bracelet has been released at present. The

first version of the GymChain smart bracelet will have similar functionality to the

existing ones. It will be adapted to the DAPP for GCC mining. We will get feedback

from our supporters in the GymChain community using the first mass-produced

DAPP and GymChain bracelets so as to optimize our products.

The first generation of fitness chain smart bracelet engineering machine

GYMCHAIN sports bracelet is a hardwear with several sports modes available,

including running, riding, walking and other patterns. As long as the bracelet is

powered on, and connected with the phone, all functions will be in place. Based on

the Gymchain eco-incentive mechanism, users can share their own sports data to

obtain GCC rewards. The factory applies standard quality control and each bracelet

shares a steady quality and easy for maintainance.

1.8 GymChain Ecology

1) The public: general public who enjoy exercises and fitness, sports.

2) Fitness and Health club: Gym, Dance Studio, Yoga, Taekwondo Hall, Work

Studios, etc.

3) Fitness membership: paid memeberships of clubs and gyms.

4) based on the block chain fitness system: fitness chain system, foundation,

community service system

5) Other business practices that have business needs

1.9 GymChain Prosperity

1. The Gymchain team benefits from years of experience in the fitness industry and

an accurate market of thousands of fitness members.

2. There is a huge fitness market (thousands of millions of people) to exploit.

3. We established cooperation with a qualified smart device manufacturer-the same

one for Xiaomi, and Huawei.

4. We are exploring over 100 million of members in 37627 fitness centres in China.

5. Oversea countries where people have regular fitness needs are also our target

market to exploit.

Prediction of the number of Chinese fitness users (unit: 100 million, data sources: data

consolidation of the State General Administration of Physical Education)

3.6

4.35

55.3

0

1

2

3

4

5

6

2015 2020 2025 2030

2. GymChain Coin (GCC)

2.1 What is GCC

GymChain Coin (GCC) is the digital currency of the GymChain ecosystem. It can be

obtained by mining via the wearable smart hardware. The mining process is closely

related to the using scene, the physical status of the wearer, and the operation

situation of the fitness institution. GCC is the most important part of the GymChain

ecosystem. It plays the role of trading medium, value transfer, reward, game props,

social lubricating and so on.

As the GCC’s application extends, it will have a large increase in value expectation.

And the value of the GCC will increase as mining becomes more difficult..

It is suggested to obtain the GCC as early as possible to get larger value-added

space. As with the application becomes widespread, the value of the GCC will be

increased, and with mining becomes more difficult, the value of GCC will also grow.

2.2 Incentive Scheme of GCC

We combine hardware, mobile phone and user’s exercise data and create a unique

intelligent mining algorithm. GymChain is based on artificial intelligence and

establishes a scientific scoring mechanism according to user's daily exercising

amount, acceleration in a specific scene, daily exercise time, comprehensive

exercising data, fitness time cycle as so on. Based on scores of all users, a token

reward is given to the winning user in each time cycle. In theory, the higher the score,

the more the token rewards. In the ecology of GymChain, all users who stick to fitness

have the possibility of receiving token rewards. Every token reward means that the

user has paid sweat, time, spirit for fitness training. The token is essentially a proof of

the user's fitness workload. The total amount of tokens for each time cycle will decline

over time. See chapter of fund using for more detail.

2.3 Trading Loop of GCC

1) Universal mining: users can start fitness mode at any time of the day. When

intelligent hardware detects the user's sporting speed, accelerated operation mode

will automatically start. Users will be given a certain amount of token based on their

exercising situation according to the scoring scheme. This will also encourage users

to develop the habit of continuous exercising.

2)Consumption in fitness venues: users can pay their consumption with received

GCC in fitness venues connected to the GymChain system.

3)DAPP cross border e-commerce payment. GCC holders can purchase goods and

shopping by paying GCC within scope of law.

4)GCC can be used for Value interexchange, fitness information sharing, reward

reading and other method of payments.

5)Merchant Drainage Award: the ffitness venues connects to the GymChain system

and reward clients with GCC purchased the via third-party platform, in order to attract

more clients to join the venues.

6)Purchase game props: users can purchase services offered by fitness venues with

GCC, and fitness venues can attract clients by providing GCC.

7)The amount of the GCC remaining constant, the value of the GCC will increase with

the speed of flow. As the GCC revalues, we will continue to develop more scenarios

for GCC trading. In theory, any commercial activity can be connected to GCC and

there would be many scenarios for its application.

8)Users get a certain amount of token reward for their fitness exercise. Tokens can

be used to support consumption in fitness centers. Users’ efforts in exercises are thus

transformed into value.

GCC close loop

3. Product

3.1 Production solution

The current prevailing Internet product design is the MVP (minimum viable product)

mode. Starting from a minimized feasible product, operators accumulate seed users,

quickly and continuously iterate over and optimize the product according to the seed

user's feedback and their monitoring data. Tencent’s QQ, WeChat are examples of

this mode, and Xiaomi’s "small run, rapid iteration" has the same philosophy.

GymChain’s Dapp and its bracelet will adopt the same iterative mode.

The GymChain Bracelet iteration will be continuously carried out. MVP works when

the bracelet fully functions with sports patterns (hiking, climbing, running, cycling,

etc.), realizing data synchronization (live heart rate inspection, step monitoring,

calories reporting and sleep time recording). Bracelet mining based, tokens

distribution, tokens transfer start function. The first version of Dapp will realize the

function as an online wallet , and the user can withdraw anytime.

GymChain DAPP Product Logic Graph

The next versions of DAPP will gradually realize compatibility with bracelets of other

brands, like Xiaomi and Huawei. They will have the possibility to connect into our

DAPP to enjoy sports, mine coins and win tokens. We are open to connect more

smart devices like watch and glasses, etc. The DAPP is to be developed into an

ecological community where users can do sports, social, mining, and purchase

products and services with GCC.

Product logic diagram for GymChain DAPP

3.2 Operation

Supporters registered in the GymChain community will be our seed users to help us

with the DAPP iteration and optimization. We plan to increase users in different

product phases through different promotion models.

GymChain DAPP 産品運營路線圖

4 Technical Architecture

4.1 Issuance of GCC

Based on artificial intelligence, GymChain makes a scientific scoring mechanism

according to the daily amount of exercise, acceleration of speed, duration, exercise

information, exercise period of users, to give out token rewards in each time cycle.

The total amount of tokens decreases over time in each cycle.

4.2 Smart Wearable Device。

Smart wearable device is an important terminal of GymChain, including bracelet,

body building apparatus, smart fitness centre etc. Users can connect to the

GymChain scoring system only by wearing our smart devices. The first version of

bracelets record user’s information such as heart rate, sleep information, walking

steps, calories, etc, and has various modes for users to choose: jogging, cycling,

running...

4.3 Technical Architecture

The architecture of GymChain consists of three levels of: service level, system level

and DAPP level.

The service level consists of big data, AI, scoring system and block chain. The big

data service is responsible for collecting and storing the numerous sporting

information generated from users’ wearable devices and analyzing it. The scoring

system scores users’ exercising data in each time cycle and gives out token rewards.

AI supports scoring system and calculates reasonable fitness plans. Block chain is

the very basic service in GymChain system.

The system level is build on top of the service level to support DAPP level. Its main

functions are: data collection, message notification, token rewarding, fitness program

recommendation, online shopping mall, etc.

DAPP is directly connected to the smart devices. All devices should connect with

DAPP to access the whole GymChain.

Smart device recognizes the sporting mode, collects user’s information, connects

DAPP in order to upload data and receive token reward.

5. Fund Utilizing Plan

Total amount of tokens: 1,500,000,000 with no additional issuance

Token symbol: GCC

Token allocation: 20% for PE, 5% for angle investors, 5% for Advisors and market

operating, 15% for Investment and mergers for other projects, 15% for funding team,

40% for mining.

Mining limit: 15 years, decrease 50% each year.

6. Our Team

6.1 Core Team Member

James Zhang

Founder and CEO of GymChain

Chairman of GymChain Foundation

CEO of Guobao

(Cross-border E- Business)

Andy Xu

GymChain Product Director

Master of Peking University

CEO of Foutainebleu Technology

Harry Chen

Huang Jie

GymChain Technical Director

Former Engineer of Alibaba

Bachelor and master of Tianjin University

GymChain Operation Director

Early staff of 58 City

Electric Business Center Operations

Manager

Co-funder of LianLeMe

Qi Tao

GymChainSmart Hardware Engineer

Master of BeiHang University

Former Honeywell Asia Pacific Product Manager

Former Lenovo Smart Home business

development

Wu Ling

GymChain International Market

Director

Sino-European Project Manager

MBA of Sheffield University

Chinese Diplomatic Secretary of

Canadian Embassy Beijing

Zhao XiaoChan

GymChain Media Operation

Xizang Minzu University

Julius Gloeckner

CFO of a Global Water Technology

Six-Time United States NCAA Division I

Former Business Planning Manager of

LeDongLi

All American Athlete

Strategy and Operations Consultant

6.2 Investor and Advisor

Qin Wenyan

Technical Adviser

Computer Science of Western

University

Expert of big data and block chain

Li Jie

Rehabilitation training consultant

DanceLand Fitness Academy

Rehabilitation Training Instructor

邸慧君

GymChain Health Adviser

Postdoctoral Research Center of Sports and

Health Sciences, Tsinghua University

Inheritor of Jia Ci Hui Yi

General Secretary of Sports Promotion

Association of the National Sports

Zhao Meijun

Achain co-funder & founder of

Hudongba

Founder of ABTC & Expert in Bloch

Chain

Department

Sports and health management expert

Xiong Jian

CEO of U-coin Australia

Liu Haifeng

Founder of STB Chain

Founder of 51Aspx

MVP of MicroSoft

6.3 Investment Company

6.4 Media Partner

7. Contact

web: www.GymChain.io

Telegram: https://t.me/GymChain_io

Mail: [email protected]

8、Risk Disclosure We kindly reminde all investors with the following potential risks:

8.1 Market Risks

Gymchain may not be accepted in the fitness industry, or may not attract enough

users to get sufficient profit for its development. To avoid such risks:

l GymChain would use experiences from similar operators to improve our own

products,

l take advantage of the experience gained by the founding team in fitness services

to incubate platform ecology and generate profits.

8.2. Technological Risks

Major problems with the underlying technology may occur, resulting in the inability of

the GymChain system to finish the expected functions, or failure of connection with

data due to malfuntion of hardware device:

l GymChain will adopt the frameworks that has been recognized and validated by

customers based on developed, open and secure block chain technology,

l Recruit technological talents to enhance its R&D ability.

8.3. Compliance Risks

There might be compliance risks during fund raising.

l The operation team and the decision-making committee owill work separately

l GymChain makes sure to operate in the legal extend to minimize compliance

risks.

8.4. Capital Risks

There might be major capital loss, such as theft, deficit, or depreciation.

The GymChain capital is reserved by the decision-making committe in a multiple

signature wallet using cold storage techniques. The capital will face risk only when 3

members of the board out of 5-7 are unable to perform their duties.

Meanwhile, the operation team has rich experience in risk control and has the ability

to protect users’ interests.

9. Disclaiment

There is nothing in the white paper that constitutes a legal, financial, business or tax

proposal. Before engaging in any related activities, you should consult your own legal,

financial, tax or other professional advisers. Whether it is the GymChain foundation,

the project team or any third party service providers shall not be liable for any direct or

indirect access through the white paper material, or visit http://www.gymchain.io or

other foundation materials released may suffer damage or loss. All contents will be

applied to all objects of the foundation, including, but not limited to, research, design

and development, and advocate global and open source GymChain global

information and communication network system interconnection and trust exchange

value, and promote the safe development and harmonious development of the

ecosystem.

The white paper is only used for general information purposes, and does not

constitute a prospectus, quotation documents, securities quotations, investment

requests, or any products, projects or assets, whether digitalized or others.

The following information may not be detailed, nor does it contain any elements of a

contractual relationship. There is no guarantee for the accuracy or completeness of

such information, nor any statement, guarantee or promise about the accuracy or

completeness of such information. The white paper includes information obtained

from third party sources, and the foundation and / or GymChain teams do not

independently verify the accuracy or completion of these information. There is no

guarantee for the accuracy or completeness of such information, nor any statement,

guarantee or promise about the accuracy or completeness of such information.

This white paper does not constitute the intention of any GymChain team to sell GCC

(GymChain), and does not provide any form of investment decision. Nothing

contained in this white paper can be used as a commitment or statement as a

manifestation of the future GymChain cloud.

The agreement between this foundation (or its subsidiary body) and you is related to

any sale and purchase of GCC, and is governed only by the separate terms and

conditions of other agreements. When you read this white paper, you will accept the

following information by default:

(a) you admit, understand, and agree that GCC may not be valuable, not a

speculative investment, and any subject has no guarantee of the value or liquidity of

the GCC;

(b) no foundation, its affiliates or GymChain team members are not responsible

for GCC's value, transferability, liquidity and any third party's market for GCC.

(c) in any GCC purchase decision, you do not rely on any statement described in

this white paper;

(d) you need to be responsible for your investment funds (depending on the

situation)

(E) if your local law, laws, regulations, treaties, or administrative behavior, does

not recognize the security token or the investment products, and you are the country's

citizens, residents (or other taxpayers), resident or green card holders, you

acknowledge and understand and agree, you can not participate in GCC purchases.

The foundation and the GymChain team will not make any declaration, guarantee, or

commitment to any entity or individual. GCC users should carefully consider and

assess all the risks and uncertainties associated with GCC sales (including financial

and legal risks and other uncertainties).

The information contained in this white paper is only for community discussion and is

not legally binding. The sale and purchase agreement of GCC should be made by a

separate token purchase agreement. If there is any discrepancy between the token

purchase agreement and the white paper, the token purchase agreement shall

prevail.

The contents contained in the white paper, as well as all statements in the press

release or any place, Chen Shu, visit and oral Chen Shu (including statements about

intentions, beliefs or current expectations for market conditions, business strategies

and plans, financial conditions, specific provisions and risk management practices).

In view of the fact that these statements involve known and unknown risks,

uncertainties and other factors that may cause the actual future results to differ from

those mentioned above, we recommend that you do not rely too much on these

forward-looking statements.

The information in the white paper is updated to the date of the white paper only, and

the GymChain team is not liable for any legal liability (whether it is indicated or implied)

after these forward-looking statements and events after the update date of the white

paper.

This white paper can be translated into other languages, when there is conflict or

ambiguity between the translated versions, and the English version is the criterion.

No part of this white paper shall be copied, distributed or disseminated in any way

without the prior written consent of the foundation.

gymchain – intelligent sports and fitness management ... · at present, gcc is a kind of crypto...

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