A blockchain-based company is creating a network of sports and health centers where members can receive discounts if they pay using cryptocurrency.
A new blockchain-driven company has bold plans to establish a global network of health centers designed to help people lead active and longer lives.
Although life expectancies around the world are soaring, BitVit argues that many of these extra years are dominated by sickness for too many years. Research cited in its white paper suggests German women can currently expect to live until they are 83, but only 72 of those years will be in good health. For men the average lifespan is 78 years, with nine of them blighted by sickness.
BitVit hopes to offer a “holistic solution” which would involve creating an intellectual exchange among industry experts and scientists, with their expertise then being shared with the public. It is hoped that future generations will be “more knowledgeable and healthier as a result.”
At the heart of its concept will be Yllasports centers. As well as being able to rent sports equipment such as bicycles and receive training from former professional athletes, the company plans to offer an array of activities at these centers including yoga, Pilates, Zumba, cardiovascular training and specialist lessons for seniors.
There would also be an emphasis on nutrition, allowing customers to engage with cooking classes, counseling and weight loss challenges. Meanwhile, nutrition plans would be devised which help the public to alleviate skin conditions, improve heart health, lower blood pressure and improve their mental wellbeing.
BitVit envisages that all of these goods and services would be paid for using a specially created cryptocurrency known as the BitVit Coin. This payment method would be accepted at every sports center – with customers receiving bonus coins and discounts whenever a transaction is successfully completed.
The company argues that, although the health sector is known for innovation and setting trends, the true potential of cryptocurrencies is yet to be embraced. Its white paper says: “Through the introduction of the BitVit Coin, we have the possibility to enhance trust, networking and acceleration in the business. It is the predominant way for the market to develop digitally, take its next steps, and increase its social spread.”
BitVit’s coin will be one component of a six-part ecosystem. An app is being created which will enable the “borderless and cost-efficient” transfer of this cryptocurrency – as well as giving users the chance to sell data to researchers in exchange for rewards. This will be coupled with an exchange to allow BitVit Coins to be exchanged into euros and other fiat currencies with ease. Users will also have the option to load their crypto on to a specially created debit card.
Although it won’t be embedded into the app at first, a BitVit eWallet will enable these coins to be converted into an array of other cryptocurrencies and allow transfers to be made to friends. Offering “decentralized and risk-free storage,” multisig eWallets will also be available for large-scale businesses who accept payments using BitVit.
Looking ahead to the future
A presale for BitVit Coins began on July 1 2018, and is running until August 15. The following day, a full initial coin offering commences – and this is going to conclude at the end of September. A maximum of 200 million BitVit Coins are being produced, with 120 million of these going on sale for $0.50 apiece. A minimum purchase amount of 100 BitVit Coins has been set, with the startup establishing a fundraising goal of $60 million.
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