Why Smart Contracts Will Get You in Shape
Auto-executing contracts streamline Playtness’ reward program
What are smart contracts and how do they work?
Smart contracts are the technological supply and demand tether that connects Blockchain networks to real-world experiences — by automatically ensuring that pre-determined commands are fulfilled at specific instances. They are the key to decentralized marketplaces, allowing the global mass market to access and transact in giving currencies and goods.
Imagine you have a gaming app, secured on the Blockchain and backed by smart contracts, one smart contract might handle ownership over the training programs, while another might handle the game’s reward mechanisms and a third might be in charge of the game’s currency. Each smart contact auto executes in response to fulfilled the rules of playing the game. There is no cheating the system, no magic way to reap rewards. Players mine for cryptocurrency by playing the game, following the rules and achieving set goals.
100% straightforward. 100% transparent. 100% of the time.
Smart contracts for a smarter fitness ecosystem
The rules of play described above apply to the Playtness Alliance Platform and ecosystem as well.
Blockchain technology provides a secure and transparent PT token payment gateway for Playtness’ ecosystem members, as it is backed by smart contract technology. This way, every transaction is tracked and all tokens to make their way into the right smart and simple wallets.
Smart contracts will enable secure, transparent and seamless decentralized PT token transactions for and among Playtness community. Each transaction model (such as the subscription module or regular payments for products and services) has its own unique smart contract, ensuring orders are fulfilled and limiting the risk of fraud or theft. When fitness progress is made or fitness goals are achieved, the platform, backed by smart contracts, automatically issues PT tokens as rewards, directly into the user’s PT wallet. Think of it as building a community within the fitness industry: trainees mining for PT with their bodies, while trainers and fitness product and service providers are provided with a competitive advantage, simply by pairing their offerings with the built-in reward program. Utilizing smart contracts and incentivizing with PT tokens enables the community to grow organically, all the while enabling a win-win solution for all ecosystem members.
Smart contracts are changing the rules for the fitness industry, with Playtness spearheading the fitness crypto community revolution. Thanks to auto executing incentivization via smart contracts, Playtness’ members will be motivated to keep working out, assured they will be rewarded for their hard work, without fail.
For more information on how to join a smart contract backed fitness ecosystem with Playtness ecosystem,
Check out our website,
Read our whitepaper,
Watch our product video,
Join our Telegram group
And stay tuned for more information!
