Fry Egg – Connecting you and your health coach
To become healthy through exercise is a widespread and enduring preoccupation. However, it is much easier said than done. Exercise programs abound, but finding the one that's right for your particular needs can take a lot of time, effort and money. This is discouraging, and since exercising depends so heavily on personal motivation, discouragement is the last thing that people need.
Technology has stepped into the gap, but it has not yet filled it. Health apps and devices are certainly more convenient, but they can be fooled, and they are simply no substitute for the human element. Fry Egg offers a new approach to this problem, by bringing clients, coaches and healthcare businesses together by means of a blockchain-based online platform.
How does the Fry Egg platform work?
Fry Egg functions as an online marketplace for personalised healthcare. Coaches can use proprietary software to develop exercise programs (whether they are for weight loss, or overcoming a temporary disability, or bulking up) that will then be reviewed and made available on the platform. Likewise, validated partner businesses can offer their goods (such as supplements or sportswear) and purchase ad space on the platform. Clients are able to pick what goods and services fit their needs, making use of the reputation review system. All users of the platform will have access to an in-app chat. Fry Egg has begun to integrate health programs and devices to collect and upload health data in real time; blockchain technology will be used to secure this data and use it to ensure accountability on the part of all participants in a program.
Where does the token come in?
Central to the platform's function is the EGG token. While it is possible to use fiat currency in the marketplace, it comes with an 18% fee. Using the EGG token for transactions instead provides a considerable discount. On completing a program, 3% of the price will be paid back to the client and (if the client rates the program at 3 stars or more) 2% to the coach.
The token's use does not stop at buying and selling, as the platform also includes social media features like a leaderboard and an Instagram-style feed. Clients who are willing to submit their data can share their results; community users (not just clients) can then upvote their posts, determining which of them will be rewarded with tokens. Likewise, clients can participate in daily Community Challenges to be rewarded through airdrops. Coaches can use the token to pay for creating new programs, redeem it in exchange for targeted advertising, and become validators by staking their reputations on reviewing new participants and products in exchange for a portion of the platform's token fees. Clients' health data (but not any identifying information) could be accessed from the “Locker Files” with the token. Lastly, the EGG can also be used to tip other participants and promote existing programs.
What does Fry Egg have to offer you?
If you want a healthier body, Fry Egg can make it easier and cheaper for you to find the specific kind of help you need. In addition to this, its community and token-based mechanisms help create the incentives we all can use to motivate us to stay in shape, while blockchain-based authentication will help keep everyone involved honest. Coaches can use Fry Egg to avoid many of the costs and complications of having to own their own businesses, instead tailoring their participation to their own preferences, expanding their client base and developing a reputation. Partner businesses will receive access to an expanded client base and be able to carry out precision marketing.
As for Fry Egg itself and its investors, their profits will be generated through the sale of the native token, leasing ad space, commission fees and upgrades for coach accounts, allowing them to take on more clients and more programs.
What are Fry Egg's unique selling points?
Fry Egg creates a streamlined, transparent way for its users to interact with each other, saving time, effort and money for clients, coaches and businesses. It leverages the EGG token and social media techniques to create material and psychological incentives for taking better care of yourself, fostering a community and a culture of health and wellness that, in turn, serves to expand and consolidate its customer base. Clients and coaches can use the token creatively to give themselves new ways to interact with the platform, and can take a greater part in its function, becoming more invested in it and helping its continued development.
Token sale details
Fry Egg has two tokens: a native EGG token used within the platform and an ERC-20 EGG token that can be traded on cryptocurrency exchanges. This dual token model is deployed to ensure better performance on the platform and minimise business risks. The native token can be acquired through the platform itself; the ERC-20 token is the one involved in the external sale.
A community-based health ecosystem
Fry Egg promises to use blockchain technology and an online platform to both bring together different participants in the health market and take their interactions with each other to a new level. Key to this design is the power of the community – reinforced by new technologies – to regulate itself, rewarding good faith efforts and results through various incentives. As health services continue to rise in demand, the demand for facilitators like Fry Egg will increase as well, and its community focus will allow it to maintain a high profile, drawing more and more participants into its ecosystem – and generating additional profits for the company in the process.
Links
Website: https://tokensale.fryegg.com/
WhitePaper: https://tokensale.fryegg.com/docs/fryeggwhitepaper.pdf
Telegram: https://t.me/FryEggCommunity
Facebook: https://www.facebook.com/fryegg
Twitter: https://twitter.com/FryEggOfficial
Medium: https://medium.com/fryegg
ANN: https://bitcointalk.org/index.php?topic=3188802.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.