GCC FAQ GCC logo - temp2higher.org · Title: GCC FAQ GCC logo.pdf Created Date: 1/19/2017 4:27:21 PM
GymChain – Intelligent Sports and Fitness Management ... · At present, GCC is a kind of crypto...
Transcript of GymChain – Intelligent Sports and Fitness Management ... · At present, GCC is a kind of crypto...
GymChain – Intelligent Sports and Fitness Management
PlatformBased on Blockchain White Paper
GymChain Team
2018.01
Page 2
1.Project Brief
1.1 Internet+sport and fitness development .......................................................... 5
1.2 Blockchain is the trend of the times ................................................................ 6
1.3 GymChain ........................................................... Error! Bookmark not defined.
1.4 GymChain Development .............................................................................. 8
1.5 Principles and design for GymChain .......................................................... 10
1.6 Application scenario ...................................................................................... 12
1.7 GymChain Smart Bracelet Introduction ......................................................... 13
1.8 GymChain Ecology ....................................................................................... 14
1.9 GymChain Prosperity .................................................................................... 15
2. GymChain Coin (GCC) .......................................................................................... 16
2.1 What is GCC ................................................................................................. 16
2.2 Incentive Scheme of GCC ............................................................................. 16
2.3 Trading Loop of GCC .................................................................................... 17
3. Product .................................................................................................................. 19
3.1 Production solution ........................................................................................ 19
3.2 Operation ...................................................................................................... 21
4 Technical Architecture ............................................................................................ 22
4.1 Issuance of GCC ........................................................................................... 22
4.2 Smart Wearable Device。 ............................................................................. 22
4.3 Technical Architecture ................................................................................... 23
5. Fund Utilizing Plan ................................................................................................ 24
Page 3
6. Our Team .............................................................................................................. 25
6.1 Core Team Member ...................................................................................... 25
6.2 Investor and Advisor ..................................................................................... 27
6.3 Investment Company .................................................................................... 28
6.4 Media Partner ................................................................................................ 28
7. Contact .................................................................................................................. 28
8、Risk Disclosure .......................................................... Error! Bookmark not defined.
8.1 Market Risks ....................................................... Error! Bookmark not defined.
8.2. Technological Risks ........................................... Error! Bookmark not defined.
8.3. Compliance Risks .............................................. Error! Bookmark not defined.
8.4. Capital Risks ...................................................... Error! Bookmark not defined.
9. Disclaiment ............................................................................................................ 29
GymChain
Page 5
1.Project Brief
Gymchain is a decentralized intelligent sports and health management platform.
Based on blockchain technology, AI intelligent wearable hardware and distributed
nodes of PC, Gymchain system is built to implement DAPP, a global distributed
service platform. Gymchain is committed to building a global platform for health data
exchange, credibility exchange and values sharing. Gymchain’s mission is to build a
global ecosystem of fitness platform where members share the same value of fitness
and healthcare with application of blockchain technology.
1.1 Internet+sport and fitness development
On October 29, 1969, the first node of the UCLA and the second node of the Stanford
Research Institute (SRI) were connected, marking the commerce of the internet to
mankind. "Internet + sports and fitness" realizes a rapid development in the wave of
the Internet +. We can roughly divide the development into three phases: develop
1)The first phase was social fitness sports with step monitoringfocused.
2)The second phase was APP designed for fitness classes and socializations.
3)The third phase was also APP but focused on fitness pedometer, training program,
and video teaching.
The Internet + Sports & Fitness APP was in its early stage in 2014. Functions tended
to be simple mainly focused on step monitoring. By 2016, it has moved to O2O mode
with venue and coach involved. Due to lack of value added experience and core
Page 6
motive driven element, both users and coaches were not sticky enough to effective
activities. Now, Gymchain's team has launched the DAPP project, building a new
generation of fitness APP supported by technology of blockchain, internet+ AI
intelligent hardware.
Numerous studies of sport activities have shown that users’motivations has strongly
related to the scoring. GymChain provides user with scoring of their exercises which
stimulate much wider participation, and to create a large sports and exercise
community.
The GymChain’s idea is to allow users to be able to track their own exercise and
health data by using wearable hardware, and to improve their health by improving
their exercise data. With Gymchain's nodes distributed throughout fitness venues of
the world wide, and value sharing of Dapp platform, token’s output and consumption
is realized and GCC trade takes place within a close-loop , thus, an ecosystem of
fitness is to be established. In the future, it will gradually achieve the perfect sharing
of sports and fitness venues and coaches. Wherever its nodes found in the world,
Gymchain’s users will be able to exercise with previous data traceable.
1.2 Blockchain is the trend of the times
On October 31, 2008, Nakamoto released the Bitcoin white paper "A Peer-to-Peer
Electronic Cash System," announcing the advent of a value-delivery network. There
are many recommendable innovations that bitcoin has created, such as:
tamper-resistant, data backup, relatively anonymous participants and no intermediate
Page 7
parties. But its own trading performance and proof of work (Proof of Work, POW)
consensus mechanism has gradually revealed problems. Blockchain technology is
derived from bitcoin. In the past two years, geeks mainly revolved around
blockchain’s transaction performance and consensus algorithms, safety and
anonymous features to improve, and improvement has been seen, such as
enhancement of NEO and EOS transactions and performance, enriching and
improvement of consensus algorithms of Proof of Stake( POS), DPOS, Practical
Byzantine Fault Tolerance (PBFT) ,Zero-knowledge Proof (ZKP), currency trade
safety etc. Gymchain DAPP will continue to enhance its efficiency and promote the
development of sector-based economy that focuses on sports, exercise, fitness and
rehabilitation through the establishment of platform and the development as well as
iteration of product and commercialization. Gymchain DAPP Ecology defines a New
Blockchain Economy.
1.3 The Meaning of GymChain
1) The issuance of Token offers productivity to sports, fitness and training, changes
the relations of production, and makes it possible for every participant to generate
biometric authentication information and exercise health data to make everyone fit.
2) Block chain technology resolve the trust and value transfer problems. By
decentralization, the real sense of fairness, openness and transparency is to achieve,
and thus more people to involve, and the formation of an ecosystem of sports and
fitness is eventually in place.
Page 8
3) Each gym in the coAmunity will be a GymChain distributed node. The venues will
reward GCC for retaining more customers and customers can pay GCC for the
services received. GCC then begins circulation. Also this will allow users to optimize
their fitness venue environment, gym to improve their services to be competitive, and
entire industry grows towards a healthy and vigorous system.
4) Gymchain in the future plans to develop 3D motion trajectory for professional
athletes capturing their movement and training records through wearable smart chips
and advanced algorithms. This can be widely applied in schools, sports training,
clinics and many other fields.
5) the best advantages of Gymchain is that it enables diversified fitness scenarios
and support for a variety of sports modes. It creates a beautiful harmony that all
elements such as AI smart wearable hardware, big data, people, venues and
coaches are all linked well and worked well together.
1.4 GymChain’s Development
Block chain technology is currently considered as the world's most promising, most
imaginative, most innovative technology which changes production relations. The
biggest feature of the blockchain is de-centralization, which realizes the point-to-point
value exchange, which is called the value internet..
Page 9
The goal of Gymchain is to create a peer-to-peer, value-driven and collaborative
ecosystem in which users function as the single node and fitness venues as the big
node with harmonious community and society environment to support.
First of all, we use blockchain technology to build a secure and stable DAPP platform
that enables smart contracts and digital assets. At the same time, we will introduce
intelligent hardware bracelets that can intelligently monitor sports and physical
conditions and ensure accurate and detailed data of user movement. No cheating is
possible.
Second, we use cloud big data to analyze for commercial purpose, such as insurance,
healthcare, personal biometric authentication, personal credit history etc. This step
will grow DAPP towards innovative, easy to use and diversified platform.
Finally, through the GymChain Coin (GCC), we connect each user's data including
intercommunicating data with other platforms (including non-blockchain) to construct
an interlinked and multi-dimensional data supported DAPP ecosystem of exercises
and fitness. Using multidimensional data of personal credit, assets, production and
consuming, it helps to integrate effectively the community consensus, individual
behaviors and value exchange. Token embraces the value of the entire ecosystem,
because withhold of GCC, users will receive the services, enjoy resources of fitness
venues and nearby shopping malls as well as sports technology and data that
blockchain can offer.
Page 10
1.5 Principles and design for GymChain
GymChain is dedicated to help everyone build a reasonable and funny sport and
fitness scene. We use AI smart wearable device to collect users’ sport and health
information and upload it to the chain. Users will get feed back afterwards through big
data analysis with scientific exercise methods guide and practical exercise plan.
GymChain makes it possible for everyone to participate in sports and fitness to obtain
better experience and share the commercial value of taking part of the GymChain
exercise. For this purpose, GymChain is designed based on following logic and
principles:
(1) Every natural person and other business forms can participate in this ecosystem.
We ensure that all parties benefit from our reasonable design so that GymChain
ecosystem gets a stable and long-term development.
(2) We bring in interesting features for everyone to do sports, take exercises, social
and make money in a relaxing and enjoyable environment.
(3) The system treats each participant fairly, using decentralized block chain voting
mechanism and intelligent contracts, a well acknowledged system by all.
(4) GymChain platform is open to every fitness and health related individual and
institution. Every party is welcomed to share its skills, information, and equipment so
that the GymChain value and benefits for all participants get increased.
(5) In the system, each participant can freely exchange skills, produce transactions,
social and mining jointly.
(6) All transactions, exchanges, mining, and social rules are built and executed on the
Page 11
basis of block chains and Smart Contract. We guarantee that every pay and resource
will receive reasonable return and that the whole transaction process is open,
transparent, and cannot be altered.
At present, GCC is a kind of crypto currency issued on Achain and Smart Contract. In
theory, Achain could reach 1000TPS(transactions per second), but each transfer and
token reward would be charged a fee and token reward could not be transferred into
user’s account in real time.
Later, we will issue new crypto currency based on the DAG technology chain, such as
TrustNote. The full name of DAG (Directed Acyclic Graph) is "directed acyclic graph",
without concept of block. Not all of the data is packaged into blocks and then use the
block link block. In DAG, each user can submit a data unit with many elements, such
as transactions, messages, etc. Data units are linked by reference relationship to
form a semi-ordered DAG (Directed Acyclic Graph). The feature of DAG is
asynchronizing the operation of writing data, and a large number of wallet clients can
autonomously asynchronously write transaction Data to the DAG, which can support
a great amount of concurrency and high speed of transaction. Moreover, crypto
currencies based on the DAG consensus mechanism do not require handling fees
and can be arrived at once. For GmyChain, with DAG block chain, even if the there
are more and more users, it also can be ensured the the token reward can be
credited in real time and no transfer fee.
After the issuance of new crypto currency, GCC at this stage will ensure the same
proportion of exchange.
Page 12
1.6 Application scenario
The identification and credibility inquiry. The user identity information is authenticated
on the chain, including biological information, such as face recognition. With
development of DAPP’s application in cross-border e-commerce and blockchain
technology, credit related data will be locked in the chain, and credit history can then
be accessed after approval of the receipant. The process will evolve a highly reliable
credit mechanism, and the establishment of user identity authentication, biometric
information, credit information will form a comprehensive database, providing
refereces for services of digital financial assets.
Through rehabilitation training, biometric data such as vital signs data, medical
reports, genetic diseases and chronic diseases data can be recorded for reference of
users when they demand so. Data of health check ups and hospital diagnose that
used to be confidential, now to be opened up. Obtaining users’approval, those data
can be accessed by health insurance companies, non-drug treatment and
rehabilitation training services and other agencies for making proper solutions.
Goods tracking for cross-border e-commercer, and anti-counterfeiting. GymChain's
team has its own cross-border e-commerce service. As DAPP continues to iterate, its
application to cross-border e-commerce will support digital currency payment. Token
can prevent faulse ordering and malicious bad reviews, and to achieve authentic
credit rating. Customer to enjoy best SKU that e-business offers. At the same time,
blockchain technology helps track, upload, and verify the entire process of product
imported, and will create unique“block identities” for each product. It is easy for
Page 13
customers to verify and ensuring that the source of the product is authentic and
reliable, through which fake goods are fundamentally eliminated.
GymChain Eco has had game producers as partners. When DAPP accesses the
game manufacturer in the future, Token will be able to acquire, circulate and trade
small game props.
Digital payment makes purchase easier. In compliance with the laws of various
countries with Token as payment, purchasing international goods can’t be easier.
Wherever internet is available, the transations can take place. Payment has crossed
the barriers of country and become truly convenient.
1.7 GymChain Smart Bracelet Introduction
The first generation of GymChain hardware is a smart bracelet through which user
is rewarded based on their exercises data. The bracelet is supported by the
technologies of smart contract and data asset management.
The GymChain has established cooperation with a well known manufacturer to
produce smart bracelets. The engineering bracelet has been released at present. The
first version of the GymChain smart bracelet will have similar functionality to the
existing ones. It will be adapted to the DAPP for GCC mining. We will get feedback
from our supporters in the GymChain community using the first mass-produced
DAPP and GymChain bracelets so as to optimize our products.
Page 14
The first generation of fitness chain smart bracelet engineering machine
GYMCHAIN sports bracelet is a hardwear with several sports modes available,
including running, riding, walking and other patterns. As long as the bracelet is
powered on, and connected with the phone, all functions will be in place. Based on
the Gymchain eco-incentive mechanism, users can share their own sports data to
obtain GCC rewards. The factory applies standard quality control and each bracelet
shares a steady quality and easy for maintainance.
1.8 GymChain Ecology
1) The public: general public who enjoy exercises and fitness, sports.
2) Fitness and Health club: Gym, Dance Studio, Yoga, Taekwondo Hall, Work
Studios, etc.
3) Fitness membership: paid memeberships of clubs and gyms.
4) based on the block chain fitness system: fitness chain system, foundation,
community service system
5) Other business practices that have business needs
Page 15
1.9 GymChain Prosperity
1. The Gymchain team benefits from years of experience in the fitness industry and
an accurate market of thousands of fitness members.
2. There is a huge fitness market (thousands of millions of people) to exploit.
3. We established cooperation with a qualified smart device manufacturer-the same
one for Xiaomi, and Huawei.
4. We are exploring over 100 million of members in 37627 fitness centres in China.
5. Oversea countries where people have regular fitness needs are also our target
market to exploit.
Prediction of the number of Chinese fitness users (unit: 100 million, data sources: data
consolidation of the State General Administration of Physical Education)
3.6
4.35
55.3
0
1
2
3
4
5
6
2015 2020 2025 2030
Page 16
2. GymChain Coin (GCC)
2.1 What is GCC
GymChain Coin (GCC) is the digital currency of the GymChain ecosystem. It can be
obtained by mining via the wearable smart hardware. The mining process is closely
related to the using scene, the physical status of the wearer, and the operation
situation of the fitness institution. GCC is the most important part of the GymChain
ecosystem. It plays the role of trading medium, value transfer, reward, game props,
social lubricating and so on.
As the GCC’s application extends, it will have a large increase in value expectation.
And the value of the GCC will increase as mining becomes more difficult..
It is suggested to obtain the GCC as early as possible to get larger value-added
space. As with the application becomes widespread, the value of the GCC will be
increased, and with mining becomes more difficult, the value of GCC will also grow.
2.2 Incentive Scheme of GCC
We combine hardware, mobile phone and user’s exercise data and create a unique
intelligent mining algorithm. GymChain is based on artificial intelligence and
establishes a scientific scoring mechanism according to user's daily exercising
amount, acceleration in a specific scene, daily exercise time, comprehensive
exercising data, fitness time cycle as so on. Based on scores of all users, a token
reward is given to the winning user in each time cycle. In theory, the higher the score,
Page 17
the more the token rewards. In the ecology of GymChain, all users who stick to fitness
have the possibility of receiving token rewards. Every token reward means that the
user has paid sweat, time, spirit for fitness training. The token is essentially a proof of
the user's fitness workload. The total amount of tokens for each time cycle will decline
over time. See chapter of fund using for more detail.
2.3 Trading Loop of GCC
1) Universal mining: users can start fitness mode at any time of the day. When
intelligent hardware detects the user's sporting speed, accelerated operation mode
will automatically start. Users will be given a certain amount of token based on their
exercising situation according to the scoring scheme. This will also encourage users
to develop the habit of continuous exercising.
2)Consumption in fitness venues: users can pay their consumption with received
GCC in fitness venues connected to the GymChain system.
3)DAPP cross border e-commerce payment. GCC holders can purchase goods and
shopping by paying GCC within scope of law.
4)GCC can be used for Value interexchange, fitness information sharing, reward
reading and other method of payments.
5)Merchant Drainage Award: the ffitness venues connects to the GymChain system
and reward clients with GCC purchased the via third-party platform, in order to attract
more clients to join the venues.
6)Purchase game props: users can purchase services offered by fitness venues with
Page 18
GCC, and fitness venues can attract clients by providing GCC.
7)The amount of the GCC remaining constant, the value of the GCC will increase with
the speed of flow. As the GCC revalues, we will continue to develop more scenarios
for GCC trading. In theory, any commercial activity can be connected to GCC and
there would be many scenarios for its application.
8)Users get a certain amount of token reward for their fitness exercise. Tokens can
be used to support consumption in fitness centers. Users’ efforts in exercises are thus
transformed into value.
GCC close loop
Page 19
3. Product
3.1 Production solution
The current prevailing Internet product design is the MVP (minimum viable product)
mode. Starting from a minimized feasible product, operators accumulate seed users,
quickly and continuously iterate over and optimize the product according to the seed
user's feedback and their monitoring data. Tencent’s QQ, WeChat are examples of
this mode, and Xiaomi’s "small run, rapid iteration" has the same philosophy.
GymChain’s Dapp and its bracelet will adopt the same iterative mode.
The GymChain Bracelet iteration will be continuously carried out. MVP works when
the bracelet fully functions with sports patterns (hiking, climbing, running, cycling,
etc.), realizing data synchronization (live heart rate inspection, step monitoring,
calories reporting and sleep time recording). Bracelet mining based, tokens
distribution, tokens transfer start function. The first version of Dapp will realize the
function as an online wallet , and the user can withdraw anytime.
Page 20
GymChain DAPP Product Logic Graph
The next versions of DAPP will gradually realize compatibility with bracelets of other
brands, like Xiaomi and Huawei. They will have the possibility to connect into our
DAPP to enjoy sports, mine coins and win tokens. We are open to connect more
smart devices like watch and glasses, etc. The DAPP is to be developed into an
ecological community where users can do sports, social, mining, and purchase
products and services with GCC.
Page 21
Product logic diagram for GymChain DAPP
3.2 Operation
Supporters registered in the GymChain community will be our seed users to help us
with the DAPP iteration and optimization. We plan to increase users in different
product phases through different promotion models.
GymChain DAPP 産品運營路線圖
Page 22
4 Technical Architecture
4.1 Issuance of GCC
Based on artificial intelligence, GymChain makes a scientific scoring mechanism
according to the daily amount of exercise, acceleration of speed, duration, exercise
information, exercise period of users, to give out token rewards in each time cycle.
The total amount of tokens decreases over time in each cycle.
4.2 Smart Wearable Device。
Smart wearable device is an important terminal of GymChain, including bracelet,
body building apparatus, smart fitness centre etc. Users can connect to the
GymChain scoring system only by wearing our smart devices. The first version of
bracelets record user’s information such as heart rate, sleep information, walking
steps, calories, etc, and has various modes for users to choose: jogging, cycling,
running...
Page 23
4.3 Technical Architecture
The architecture of GymChain consists of three levels of: service level, system level
and DAPP level.
The service level consists of big data, AI, scoring system and block chain. The big
data service is responsible for collecting and storing the numerous sporting
information generated from users’ wearable devices and analyzing it. The scoring
system scores users’ exercising data in each time cycle and gives out token rewards.
AI supports scoring system and calculates reasonable fitness plans. Block chain is
the very basic service in GymChain system.
The system level is build on top of the service level to support DAPP level. Its main
functions are: data collection, message notification, token rewarding, fitness program
recommendation, online shopping mall, etc.
Page 24
DAPP is directly connected to the smart devices. All devices should connect with
DAPP to access the whole GymChain.
Smart device recognizes the sporting mode, collects user’s information, connects
DAPP in order to upload data and receive token reward.
5. Fund Utilizing Plan
Total amount of tokens: 1,500,000,000 with no additional issuance
Token symbol: GCC
Token allocation: 20% for PE, 5% for angle investors, 5% for Advisors and market
operating, 15% for Investment and mergers for other projects, 15% for funding team,
40% for mining.
Mining limit: 15 years, decrease 50% each year.
Page 25
6. Our Team
6.1 Core Team Member
James Zhang
Founder and CEO of GymChain
Chairman of GymChain Foundation
CEO of Guobao
(Cross-border E- Business)
Andy Xu
GymChain Product Director
Master of Peking University
CEO of Foutainebleu Technology
Harry Chen
Huang Jie
Page 26
GymChain Technical Director
Former Engineer of Alibaba
Bachelor and master of Tianjin University
GymChain Operation Director
Early staff of 58 City
Electric Business Center Operations
Manager
Co-funder of LianLeMe
Qi Tao
GymChainSmart Hardware Engineer
Master of BeiHang University
Former Honeywell Asia Pacific Product Manager
Former Lenovo Smart Home business
development
Wu Ling
GymChain International Market
Director
Sino-European Project Manager
MBA of Sheffield University
Chinese Diplomatic Secretary of
Canadian Embassy Beijing
Zhao XiaoChan
GymChain Media Operation
Xizang Minzu University
Julius Gloeckner
CFO of a Global Water Technology
Six-Time United States NCAA Division I
Page 27
Former Business Planning Manager of
LeDongLi
All American Athlete
Strategy and Operations Consultant
6.2 Investor and Advisor
Qin Wenyan
Technical Adviser
Computer Science of Western
University
Expert of big data and block chain
Li Jie
Rehabilitation training consultant
DanceLand Fitness Academy
Rehabilitation Training Instructor
邸慧君
GymChain Health Adviser
Postdoctoral Research Center of Sports and
Health Sciences, Tsinghua University
Inheritor of Jia Ci Hui Yi
General Secretary of Sports Promotion
Association of the National Sports
Zhao Meijun
Achain co-funder & founder of
Hudongba
Founder of ABTC & Expert in Bloch
Chain
Page 28
Department
Sports and health management expert
Xiong Jian
CEO of U-coin Australia
Liu Haifeng
Founder of STB Chain
Founder of 51Aspx
MVP of MicroSoft
6.3 Investment Company
6.4 Media Partner
7. Contact
Page 29
web: www.GymChain.io
Telegram: https://t.me/GymChain_io
Mail: [email protected]
8、Risk Disclosure We kindly reminde all investors with the following potential risks:
8.1 Market Risks
Gymchain may not be accepted in the fitness industry, or may not attract enough
users to get sufficient profit for its development. To avoid such risks:
l GymChain would use experiences from similar operators to improve our own
products,
l take advantage of the experience gained by the founding team in fitness services
to incubate platform ecology and generate profits.
8.2. Technological Risks
Major problems with the underlying technology may occur, resulting in the inability of
the GymChain system to finish the expected functions, or failure of connection with
data due to malfuntion of hardware device:
l GymChain will adopt the frameworks that has been recognized and validated by
customers based on developed, open and secure block chain technology,
l Recruit technological talents to enhance its R&D ability.
8.3. Compliance Risks
Page 30
There might be compliance risks during fund raising.
l The operation team and the decision-making committee owill work separately
l GymChain makes sure to operate in the legal extend to minimize compliance
risks.
8.4. Capital Risks
There might be major capital loss, such as theft, deficit, or depreciation.
The GymChain capital is reserved by the decision-making committe in a multiple
signature wallet using cold storage techniques. The capital will face risk only when 3
members of the board out of 5-7 are unable to perform their duties.
Meanwhile, the operation team has rich experience in risk control and has the ability
to protect users’ interests.
9. Disclaiment
There is nothing in the white paper that constitutes a legal, financial, business or tax
proposal. Before engaging in any related activities, you should consult your own legal,
financial, tax or other professional advisers. Whether it is the GymChain foundation,
the project team or any third party service providers shall not be liable for any direct or
indirect access through the white paper material, or visit http://www.gymchain.io or
other foundation materials released may suffer damage or loss. All contents will be
applied to all objects of the foundation, including, but not limited to, research, design
and development, and advocate global and open source GymChain global
information and communication network system interconnection and trust exchange
Page 31
value, and promote the safe development and harmonious development of the
ecosystem.
The white paper is only used for general information purposes, and does not
constitute a prospectus, quotation documents, securities quotations, investment
requests, or any products, projects or assets, whether digitalized or others.
The following information may not be detailed, nor does it contain any elements of a
contractual relationship. There is no guarantee for the accuracy or completeness of
such information, nor any statement, guarantee or promise about the accuracy or
completeness of such information. The white paper includes information obtained
from third party sources, and the foundation and / or GymChain teams do not
independently verify the accuracy or completion of these information. There is no
guarantee for the accuracy or completeness of such information, nor any statement,
guarantee or promise about the accuracy or completeness of such information.
This white paper does not constitute the intention of any GymChain team to sell GCC
(GymChain), and does not provide any form of investment decision. Nothing
contained in this white paper can be used as a commitment or statement as a
manifestation of the future GymChain cloud.
The agreement between this foundation (or its subsidiary body) and you is related to
any sale and purchase of GCC, and is governed only by the separate terms and
conditions of other agreements. When you read this white paper, you will accept the
following information by default:
(a) you admit, understand, and agree that GCC may not be valuable, not a
Page 32
speculative investment, and any subject has no guarantee of the value or liquidity of
the GCC;
(b) no foundation, its affiliates or GymChain team members are not responsible
for GCC's value, transferability, liquidity and any third party's market for GCC.
(c) in any GCC purchase decision, you do not rely on any statement described in
this white paper;
(d) you need to be responsible for your investment funds (depending on the
situation)
(E) if your local law, laws, regulations, treaties, or administrative behavior, does
not recognize the security token or the investment products, and you are the country's
citizens, residents (or other taxpayers), resident or green card holders, you
acknowledge and understand and agree, you can not participate in GCC purchases.
The foundation and the GymChain team will not make any declaration, guarantee, or
commitment to any entity or individual. GCC users should carefully consider and
assess all the risks and uncertainties associated with GCC sales (including financial
and legal risks and other uncertainties).
The information contained in this white paper is only for community discussion and is
not legally binding. The sale and purchase agreement of GCC should be made by a
separate token purchase agreement. If there is any discrepancy between the token
purchase agreement and the white paper, the token purchase agreement shall
prevail.
The contents contained in the white paper, as well as all statements in the press
Page 33
release or any place, Chen Shu, visit and oral Chen Shu (including statements about
intentions, beliefs or current expectations for market conditions, business strategies
and plans, financial conditions, specific provisions and risk management practices).
In view of the fact that these statements involve known and unknown risks,
uncertainties and other factors that may cause the actual future results to differ from
those mentioned above, we recommend that you do not rely too much on these
forward-looking statements.
The information in the white paper is updated to the date of the white paper only, and
the GymChain team is not liable for any legal liability (whether it is indicated or implied)
after these forward-looking statements and events after the update date of the white
paper.
This white paper can be translated into other languages, when there is conflict or
ambiguity between the translated versions, and the English version is the criterion.
No part of this white paper shall be copied, distributed or disseminated in any way
without the prior written consent of the foundation.