GainFi Light Paper V1: Dive into GainFi’s Dapp
GainFi was established on February 2024, intend to revolutionize the way people approach fitness by mainly leveraging AI-Enhanced computer vision and Web3 gamification to change a billion people’s lifestyle!
Now, we’re excited to reveal the Lite paper of GainFi. Before delving into the blog, let’s take a moment to access and review the documentation.
First Thing First: Download GainFi Dapp
GainFi Dapp supports both iOS & Android, the beta version will be available on your Appstore t in Mid-April. Users can register through wallet, email and social media accounts. After signing up, GainFi will automatically generate a unique SBT for each user, securely tracking and recording health and training data.
Game-Fi Mechanism
- Workout Programs: GainFi offers different levels and types of workout programs with increasing difficulties. Each level has specific requirements and offers different base earnings and base XP. Users need to meet certain criteria, such as passing examinations, reach certain user levels, or own specific NFTs, to access higher levels of workouts.
- Energy System: Users start with a certain amount of energy, and it replenishes over time. Energy replenishes by 25% every 6 hours until it reaches the energy cap. Users can continue working out even with zero energy, but they won’t earn any tokens until their energy bar is replenished. Holding more NFTs increases the maximum energy capacity.
- Scoring System: The scoring system in GainFi evaluates users’ workout performance based on several key factors. These factors include accuracy of form, completion rate, challenge difficulty, and energy level. AI-enhanced computer vision analyzes the user’s form, rewarding correct form execution. Completing 100% of the workout earns full points, and the difficulty rating of the workout also affects the score. The final score is calculated by multiplying the energy level by the score obtained from the other factors.
Key concepts
- Staking System: A total potential supply of 7% of $GAIN will be distributed during airdrops after the Token Generation Event(TGE). The amount of $GAIN airdropped will be depends on user’s contribution of time-weighted TVL, tribe achievements, and in-game activities. This airdrop kick-starts the #LFGain event by rewarding early supporters and participants.
- Health Points: In the GainFi NFT system, Health Points (HP) are utilized to represent the condition of an NFT. When a freshly minted NFT is obtained, it starts with 100% HP. The HP gradually declines as users spend Energy and actively engage the NFT in workouts.
- Mystery Box: Mystery Box can be earned after completing a workout, the “Luckiness” of that NFT determine the possibility of getting a mystery box. Mystery Box has 7 types, and it costs $GROW/$GAIN to open. Mystery Box may contain $GROW, $GAIN, NFTs, and other in-game items. Mystery box can also be traded in the Marketplace.
- Gamification — Tribe Mode: Tribe Mode in GainFi is designed to promote collaborative community engagement by bringing users together in tribes to tackle fitness challenges and compete against other tribes. This mode encourages interaction and teamwork within the GainFi community. Tribe mode incorporates unique challenges, ranking systems, and benefits for active tribe members.
GainFi’s ecosystem brings together the worlds of fitness, AI, blockchain technology, and gamification. With the upcoming launch of the fitness Dapp in April, GainFi is poised to advance to the next level in exploring the combination of web3 and fitness.
- Read the full documentation: https://doc.gainfi.xyz/
About GainFi
GainFi is an AI-Enhanced fitness Dapp that seamlessly integrates gamification, staking & restaking, and DePIN. Our mission is to inspire 1 billion people towards healthy habits.
Launched in February 2024, GainFi addresses the significant gap in fitness education and motivation. Our founding team, with extensive expertise in AI, machine learning, cryptography, and kinesiology, builds upon the success of a previous SocialFi venture from a renowned crypto exchange platform.
