GYM Network — First DeFi Aggregator In The Metaverse
Dear Crypto Enthusiasts,
2020 and 2021 were the years of DeFi (Decentralized Finance). Names like AAVE, Compound, Uniswap and MakerDAO made a lot of noise. The TVL (total value locked) in DeFi projects reached 100M USD end of 2021 according to DeFi Pulse.
Year of 2021 was definitely the year of NFTs and Metaverse.
NFTs are all over the crypto space. Big brands like Coca-Cola, McDonald’s and Gucci are getting involved in NFTs.
GYM Network combines all these trends in one big ecosystem.
What is GYM Network?
GYM Network is a cryptocurrency ecosystem that allows users to earn BNB (Binance Coin) by investing in DeFi products including yield farming.
Yield farming, also referred to as liquidity mining, is a way to generate rewards with cryptocurrency holdings. In simple terms, it means locking up cryptocurrencies and getting rewards.
GYM Network is a DAO (decentralized autonomous organization) built by a former investment banker and crypto expert Alberto Mera and his team. You can check him out on Twitter, LinkedIn and YouTube.
Users of the ecosystem can earn passive income with the smart contract that automatically picks the most profitable yield farming protocols like ALPACA, YEARN, COMPOUND, PANCAKE, and many more.
GYM Network Partners
GYM Network runs on Binance Smart Chain which has become the №1 alternative to Ethereum for running smart contract based projects at much lower transaction fees.
GYM Network partnered with Alpaca Finance which is one of the top rated DeFi protocols on Binance Smart Chain. Total Value Locked (TVL): $930 million.
The native token is called GYM Network and will be listed on Coinmarketcap and Coingecko. The token will be tradable on PancakeSwap decentralized exchange.
The smart contract is currently being audited by Certik. Certik is one the most widely used and trusted audit companies in the world.
How does GYM Network work?
GYM Network users will create deposits in BNB (Binance Coin). BNB is the native coin of the biggest cryptocurrency exchange Binance. You can buy BNB on Binance or any other major exchange. Today it is a Top 5 cryptocurrency with a huge upside potential.
100% of your BNB will be used for yield farming. There is no deposit fee!
You can start with 0.05 BNB only!!!
Profits will be returned in BNB and GYMNET.
Your deposit is available to be withdrawn ANYTIME!
Below you will find a sample calculation that shows what kind of returns are possible if ALPACA and GYMNET will be used for yield farming.
The monthly estimated return always depends on the current rates from ALPACA and GYMNET. The calculations already take into account the affiliate system and stabilize program.
GYM Network Affiliate System
Sharing GYM Network with friends can really pay off. Your commission will be a share of profits & rewards generated by your partner’s wallets.
Affiliate commissions can be earned from 16 affiliate levels.
Career Plan
Users can unlock affiliate levels by hitting career ranks.
The higher your career rank, the more levels you can earn from.
Your career rank will be determined by:
- Your own deposit (your BNB contribution)
- Your own active GYMNET farm (number of GYMNET token in farming)
- Number of direct partners (starting with AMATEUR I)
- Ranks of your partners
Example:
To reach the rank AMATEUR I you need to have contributed
- 1 BNB in your vault.
- 5,000 GYMNET token in yield farming.
- 2 active direct partners
- At least one ROOKIE I on your team (0.1 BNB and 500 GYMNET tokens invested)
The AMATEUR I rank will enable you to earn affiliate commissions from 5 levels (10% — 7% — 5% — 4% — 4%).
If your direct partner will earn 1,000$ a month, you will earn 10% of that which is 100$.
GYM Network Roadmap
Not only GYM Network offers a great way to build passive income with an integrated affiliate system, it also works on major milestones to increase and improve the ecosystem.
GYMNET vaults will likely be launched in the second week of March 2022. Yield Farming will be launched right after that. This will enable users to earn passive income and refer new users to the ecosystem to earn affiliate commissions.
GYM Network NFTs are scheduled to launch in Q3 2022. The GYM Launchpad will allow you to be among the first to access new projects before they launch. That is scheduled for Q4 2022.
Long term plans include PLAY TO EARN games, an AR (augmented reality) APP and a METAVERSE.
How to join GYM Network
GYM Network is an INVITE ONLY community. To join GYM Network you will need an affiliate link and a decentralized wallet with an integrated browser.
You will need a so called web3 services wallet that is capable to store BNB-BEP20 (Binance Smart Chain). We recommend MetaMask, Trust Wallet or TokenPocket. You will find a comprehensive Binance Smart Chain guide here.
To get started you need to top up your wallet with BNB. BNB can be bought on Binance. When sending BNB from Binance to your decentralized wallet, make sure you choose the BEP20 version. Not BEP2!
Get your affiliate link from your sponsor!
Join this telegram group to be one of the first to join GYM Network: https://t.me/+rdQKwpm_R_diZmEy
The official launch is targeted for 11th March 2022!
Meanwhile you can check out the official website and the Gitbook:
https://gymnetwork.gitbook.io/english
Stay tuned!
Your Network Money Blog