# What Is GYMNETWORK and GYMSTREET (GYMNET)?

Gymstreet is the world's first financial metaverse. 
It offers its users to buy NFTs like virtual land and other NFT products. In addition, partners such as Exchanges, DeFi platforms, Crypto Service Providers are continuously onboarded to provide the user with gamified access to their services. Currently its operation on the Binance Smart Chain, but its planned to offer more solutions in future. 

GYM NETWORK is a fully decentralized protocol operating on the Binance Smart Chain. It combines optimal yields with high rewards for its users and also provides an additional earnings mechanism through the built in affiliate system.

GYMNET is/will be the native utility token that is used for:

>Now

*Pay for items and goods at vendor machines of Ivendpay worldwide
*Pay for restaurant bills using POS terminals of Ivendpay worldwide
*Lock in Single Pool for NFT Reflections 
*Get benefits as Affiliate partner 

>Future 2022,2023,2024

*activating Fee for Cobranded Crypto Card 
*Discount in purchasing NFTs as land and others
*Purchasing Mystery Box NFTs 
*Benefits at the Launch of the NFT Marketplace 
*Benefits at the Launch of the own DEX
*Paying for courses at the VR University in the Metaverse
*Using Defi Lottery System
*Using Games in the Metaverse 
*Activate AR and VR Content


## How Many GYMNET Tokens Are There in Circulation?

GYMNET launched on the BSC mainnet on 19 October, 2021 with 40 million GYMNET tokens created at genesis. Its emission calendar was fixed from the origin and can only be marginally updated by unanimous decision from the token holders. The maximum supply of 600m will be reached by September 2024, its emission decreases every month by 3.22% until its final emitting block on that date. 55% of the tokens are rewarded to liquidity providers and the rest to users of the different products the system offers. None of the tokens were pre-mined and held by the user, those that were pre-mined were locked as liquidity in the market.

### Who Are the Founders of GYMNET Protocol?

GYMNET is the brainchild of former Investment Banker Alberto Mera who designed the System.

Frank Roehrig and his team around the Metaverse formed the team around in the GYMNET during the year. 

GYMNET has its own developer team in Yerevan, Armenia with over 70 developers as well as an ImmerseFX Team for the Metaverse in Bulgaria with over 25 people and a lot of experience in the film industry and Hollywood movies, as you can see on the website of immersefx.com. 

### Where Can I Buy GYMNETWORK (GYMNET)?

GYMNET is available for trading on a growing number of exchanges, with cryptocurrency and [stablecoin] https://coinmarketcap.com/currencies/gym-network/markets/ pairs currently available.

https://www.lbank.info/exchange/gymnet/usdt offers the largest number of pairs as of October 2022, while https://pancakeswap.finance/swap also offers BNB/GYMNET and https://pancakeswap.finance/swap
BUSD/GYMNET.

New to cryptocurrency? Read CoinMarketCap’s [easy guide](https://coinmarketcap.com/how-to-buy-bitcoin/) to buying Bitcoin or any other token.








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WOM Protocol

MultiversX is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost.

MultiversX rewards the community and active participants with EGLD tokens. EGLD, or Electronic Gold, is MultiversX's native token. It acts as a store of value currency to pay for network usage. The coin also serves as a medium of exchange between platform users and validators. Users pay transaction fees in EGLD and validators provide services.

EGLD allows developers to deploy smart contracts, protocols, and dApps on the platform. It empowers participants to perform any network action. Through staking and validation rewards, as well as transaction fees, EGLD manages the MultiversX network. Plus, EGLD is endowed with the functionality of a governance token, so its holders can vote on network decisions.

MultiversX was first announced in August 2019, and its mainnet went live in July 2020.