Palmare allows members to own the connections between themselves and their communities, forming a fully composable social graph, owned by users. The built-in protocol ensures unchanged content. Your profile, followers and content are linked to a specific network and belong to the network operator.
Information about the Palmare app
The advent of the Move to Earn app has changed the way the fitness industry looks. Based on this success, the developers decided to make the Palmare app, based on research and optimization of the earning system and providing a new experience for the sports community. Palmare is a community-built Web3 Sports app with built-in SocialFi and SportFi elements.
The app provides social graph and earning features for Crypto fans and non-cryptocurrency users.
There are three modes for earning:
| Train to Earn | Every sport you participate in can help you to make money by burning calories (for cycling or any of your favorite sports). |
| Engage to Earn | Users post content in the sports community and profit from participation in social networks (put likes, share news, subscribe). |
| Check in to Earn | While users are driving, they can tag many places they have visited, and for each time period we have quests so that users tag as many as possible to earn tokens. |
The NFT profile is the main entity in Palmare. It is the ownership of this NFT that gives you control over your data and social content. Individual addresses own a ProfileNFT, and an address can contain multiple ProfileNFTs. The NFT profile contains a history of all training data, posts, comments and other content you create.
In addition, Profile NFTs contain a FollowModule. This module contains the logic that allows you to create different accounts. Follow NFT to record their association with the main profile on the network. Profiles can only be created at addresses, included in the white list of management. This ensures that, given the low paying environment present in BSC, the namespace will not be reserved by squatters.
Rental system
For the Gear Rental system to work smoothly, it is necessary to have NFT tenants and NFT stakers. For those who own NFT Gears but don't have time to use them regularly, they can bet NFTs to earn on the Palmare app with attractive interest rates. Interest rates will be paid in PAS and vary, depending on the attribute and rarity of the Gear.
Renters can access the market, rent all NFT stakes to drive and earn. After the lease, the NFT will be locked in the application and will not be replaced until the lease expires. 20% of the reward, received by the tenants from Train to Earn, will be transferred back to the pool for interest payments to the providers of NFT Stakers and PAL-BNB LP.