Gains App FAQs
Q. How long are the competitions?
A. Competitions are 1 to 2 minutes long.
Q. What kinds of competitions and exercises are available?
A. Competitions are either based on time or max reps. If it’s
timed then it means who can finish the challenge in the shortest
time. If it’s max reps then it means who can do the most reps
before failure or in the allotted time. All exercise routines are
welcome as long as it fits the 1- 2 min timed or max rep criteria.
Q. I am currently a personal trainer, what I can I do on GainsApp?
A. As a personal trainer, you can judge competitions and collect a
fee for each event. Your fee is a pre-set % percentage of the
competition pot that you’re judging. You get to also create the
challenges that competitors choose to compete In. These challenges
then become digital assets that you own and the basis of your
value. Lastly, you can create tokens that represent fractional
ownership of yourself. Other users can invest in you if they
purchase your shares tokens and In return they receive a dividend
payout.
Q. My fitness level is not advanced at all, is there something I
can do on GainsApp?
A. Yes. You can either make bets on other users who you believe
can win competitions or invest in them. If you make an investment
in a competitor or a judge, you will receive a payout into your
wallet every time they earn. You can also search and find
challenges that you feel are suitable for you or direct message of
the trainers to get you ready for your next competition.
Q. How does GainsApp benefit the fitness community?
A. It keeps everyone connected, active, accountable and earning
money doing what they love to do for free.
Q. What’s the difference between a bet and an investment on
GainsApp?
A. A bet on GainsApp is when you place a wager on competitor(s)
who are competing in upcoming competitions. If your person wins
then you receive a PAYOUT. An investment is when you buy and hold
tokens that represents fractional ownership in competitors and/or
judges. The token gives you rights to future payouts from the
competitors and/or judges. You make money whenever they make
money. You can trade or resell the tokens with other users.
Q. I already have a strong following as a fitness influencer on
social media. Why should I join Gainsapp?
A. It gives your audience another opportunity to continue
supporting you and being rewarded for that support. Other
platforms are sided and set up to only enrich the 1 party (the
seller). On GainsApp, we go beyond likes and comments. When your
audience believes in you, they will invest in you and they can
hold that digital asset in exchange for future dividends. You
receive upfront income for their investment. Similar to personal
trainers, you can judge competitions and collect a fee for each
event. Your fee is a pre-set % percentage of the competition pot
that you’re judging. You get to also create the challenges that
competitors choose to compete In. These challenges then become
digital assets that you own and the partially basis of your value
on GainsApp. Lastly, you can create tokens that represent
fractional ownership of yourself.
Q. Can I be a judge and a competitor on GainsApp?
A. Yes you can. The judge user role is the only user type that
will require approval from GainsApp. At any time you can be a
competitor or a spectator. You can cannot compete or wager in
challenges that you created.
Q. How does payouts work on GainsApp?
A. Each user that joins GainsApp will set up a digital wallet.
There is a payout and end of each competition and your portion
will automatically go into your gainsapp wallet.
Q. Can I bet on myself?
A. Yes. All Competitors bet on themselves to enter each
competition.
Q. What does it mean to buy share tokens on GainsApp?
A. This is similar but NOT the same- to buying shares into a
company and if the company value grows, your shares go up I’m
value. If the company turns a profit, they share it with you. When
you buy tokens on GainsApp, you’re buying shares in your favorite
competitor or judge and you’re entitled to a payout every time
they earn money from competitions. You can buy more, trade and
resell the tokens at any time to other users.
Q. Is there a limitation on how many times I can compete, judge or
bet?
A. NO. Your participation is at your discretion.