BEAT is a fitness data management platform. It enables users to be rewarded with tokens when practicing sports or other physical activities by uploading the fitness data that results from it, creating a health and fitness data marketplace. At BEAT, the reward amount of tokens will be proportional to the practiced exercise, also the user can earn BEAT tokens by selling their data to the data consumers on the platform.
The BEAT Token is an Ethereum-based (ERC-20) cryptocurrency. It is the medium through which the BEAT participants will be rewarded when practicing exercise as well as the currency used when a data consumer wants to buy fitness data from another user.
BEAT ICO began on January 23, 2018. The ICO token supply represents 70% of the total token supply, so there is a total of 3,500,000,000 BEAT tokens available, for 0.022 USD each. The ICO funding cap is 35,000,000 EUR and has ended on July 15, 2018. Any unsold/remaining tokens were burned.
Token Reserve Split (30%):