Earnings + Sustainability
Core Runwago Competitive Advantage
Last updated
Core Runwago Competitive Advantage
Last updated
Runwago is a fitness app offering users to monetize their running activity by completing their selected running monthly plans. Users put/lock a deposit into the app (into the Runwago Deposit Pool), which serves as an allocation for their potential rewards paid at the end of a selected 4-week challenge from the Runwago Reward Pool. At the end of each challenge, deposits of users who completed their running goals are unlocked for 100% withdrawal. Deposits of users who have not completed their running goals are locked in the Ranwago Deposit Pool and transferred into the Runwago Reward Pool, which is immediately redistributed to users who completed their running challenge goals, according to their Runwago Deposit Pool allocation in a particular challenge.
The concept is 100% sustainable. Rewards are paid by users who have not completed their running goals, causing the loss of their deposit in the Runwago Deposit Pool. Runwago Deposit/Reward Pools serve as a motivation for all users to complete their goals via fear or potential gains.