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Step, a Mobile Fitness App, Rewards Users for Staying Fit and Active
Sedentary lifestyle, poor eating habits, and fewer outdoor activities often take a toll on one's health. Contrary, the need to exercise or burn out those extra calories often becomes an onerous task for many. Many adults narrate reasons like lack of motivation, finding it boring to go to the gym, don't have time, and a host of other flimsy causes, thereby contributing to a rise in the obesity graph of America. Not just adults, but also a considerable number of children are affected due to obesity, further amounting to a host of chronic diseases. Another serious concern rising among youngsters due to lack of physical activity is mental health issues.
However, to overcome this grim scenario, a revolutionary application called Step made its mark by rewarding people for engaging in physical activities. “Step” is a mobile application that enables one to earn cryptocurrency while keeping themselves fit.
Step is a fitness application that allows its users to earn cryptocurrency while staying fit. The creators of Step, who dream of creating a healthier world for all, are of the notion that to build one, they have to tempt people toward something fascinating. Especially at a time when the crypto sphere is downright reaching new scales every day, the idea to reward people with cryptocurrencies every time they take their steps seems captivating. The reward theory of attraction appears to be gratifying in this context. When an employee is rewarded with bonuses, incentives, and other perks, it triggers certain parts of the brain and uplifts them. The neurological response to receiving a bounty motivates one to perform their task with enthusiasm. This is what exactly is projected in Step- elevating one's motivation to exercise.
The mobile app monitors one's physical activity, such as walking, and converts them to rewards. Step is primarily designed to make individuals financially independent and keep them fit and healthy, in one fell swoop.
One needs to download the application on their mobile phone from the play or app store. The app will then monitor one's physical activities such as running, walking, or climbing stairs and send rewards in the form of cryptos to the wallet.
To achieve something, one needs to come out of their couches. Needless to say, there is also a condition attached to avail the rewards. To be eligible, one needs to take a minimum of 4000 steps daily. The rewards are then calculated based on the steps percentage quota among the eligible holders.
About us: Step is a vital innovation in today's time. Keeping oneself fit and healthy and at the same time financially sturdy is something one would always yearn for. With Step, it is easy to hit both the bird's eyes in one shot. Get fit, earn cryptos, and be the best version of yourself with Step!
Press Kit: https://drive.google.com/drive/u/2/folders/1A_BjPvGTXra-2miRlSvE6CvHCwC6t2jl
Address: 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ
Email: [email protected]
Contact number: +351 917 262 657
Axie Infinity Sets Record-Breaking $4 Billion In NFT Sales
Axie Infinity, the Ethereum-based video game, continues to amaze its fandom over the last year. Despite some hiccups, the play-to-earn game is relentless. In fact, it just made quite a bit of a noise this week after the Sky Mavis project snagged nearly $4 billion in all-time NFT revenues. The in-game currency of the P2E…
The post Axie Infinity Sets Record-Breaking $4 Billion In NFT Sales appeared first on Bitcoin News Miner.
Champion REIT Announces 2021 Annual Results
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Summary of financial results
FY 2021 FY 2020 Change
Total Rental Income (HK$ mil) 2,495 2,633 -5.2%
Net Property Income (HK$ mil) 2,197 2,347 -6.4%
Distributable Income (HK$ mil) 1,503 1,554 -3.3%
Distribution per unit (HK$) 0.2279 0.2496 -8.7%
31 Dec 2021 31 Dec 2020 Change
Gross Value of Portfolio (HK$ mil) 65,296 67,318 -3.0%
Net Asset Value per unit (HK$) 8.25 8.61 -4.2%
Gearing Ratio 22.9% 23.0% -0.1pp
Overview
The persistent COVID-19 pandemic continued to pose challenges to the operating environment for our business in 2021. Amid the gloomy market conditions, Champion REIT recorded a drop in distributable income by 3.3% to HK$1,503 million and distribution per unit ("DPU") declined 8.7% to HK$0.2279.
Three Garden Road
Three Garden Road recorded a shrank of the rental income by 3.8% to HK$1,460 million in 2021 (2020: HK$1,518 million). Average passing rent decreased to HK$108.3 per sq. ft. (based on lettable area) as at 31 December 2021. Demand from new and existing tenants gradually materialised in the second half, boosting the occupancy of the property to 89.0% as at 31 December 2021.
Langham Place Office Tower
The impact of negative rental reversion drove down rental income of Langham Place Office Tower to HK$365 million in 2021 (2020: HK$378 million), and passing rents of the property declined to HK$47.1 per sq. ft. (based on gross floor area) as at 31 December 2021. Occupancy of the property increased to 96.3% as at 31 December 2021, given the rebound in leasing momentum for beauty and healthcare tenants.
Langham Place Mall
Amid the challenging environment for retail leasing, the total rental income of the property went down 9.1% to HK$670 million (2020: HK$738 million). The average passing rents dropped to HK$165.9 per sq. ft. (based on lettable area) as at 31 December 2021. The mall remained fully occupied as at 31 December 2021, attributed by the spearhead of the Langham Beauty concept at our premises which upgraded the tenant mix and strengthened the strategic positioning of the mall.
Distribution
Distributable income of the Trust dropped 3.3% to HK$1,503 million (2020: HK$1,554 million) and DPU dropped 8.7% to HK$0.2279 (2020: HK$0.2496). Based on the closing unit price of HK$3.99 recorded on 31 December 2021, the total DPU represented a distribution yield of 5.7%.
Asset Value
The appraised value of the Trust's property portfolio was HK$65.3 billion as at 31 December 2021, declining 3.0% from HK$67.3 billion as at 31 December 2020.
Sustainability
We forged ahead to embrace change with resilience and agility to manage business continuity and put people at the heart of what we do. In addition to the BEAM Plus Existing Building Platinum certification, Langham Place Mall was awarded the international EDGE green building certification, making it the first shopping mall in Hong Kong to receive the recognition. The Trust also secured its first sustainability-linked loan and sustainability-linked swap, befitting our sustainability objectives.
Outlook
Amid the ongoing COVID-19 pandemic, the outlook of Hong Kong office and retail property market remains uncertain and difficult. The tightening of social distancing measures would continue to affect the business of our tenants. Relaxation of cross-border controls and quarantine requirements locally would be crucial for economic recovery.
Looking forward, we will continue to adopt a flexible leasing strategy to retain tenants and maintain high occupancy rates. Despite the unfavourable conditions, we strive to inject impetus to growth through asset enhancement and trade mix rebranding initiatives. We will take a prudent approach in balance sheet management in a rising rate environment. Equipped with a sufficient reserve, the Trust stands ready to pursue acquisition opportunities globally with a goal to generate long-term returns.
About Champion REIT (stock code: 2778)
Champion Real Estate Investment Trust is a trust formed to own and invest in income producing office and retail properties. The Trust focuses on Grade A commercial properties in prime locations. It currently offers investors direct exposure to nearly 3 million sq. ft. of prime office and retail floor area. These include two Hong Kong landmark properties, Three Garden Road and Langham Place, as well as a joint venture stake in 66 Shoe Lane in Central London. Since 2015, the Trust has been included in the Constituent of Hang Seng Corporate Sustainability Benchmark Index of Hang Seng Indexes.
Website: https://www.championreit.com/
For press enquiries:
Strategic Financial Relations Limited
Vicky Lee Tel: 2864 4834 Email: [email protected]
Christina Cheuk Tel: 2114 4979 Email: [email protected]
Yvonne Lee Tel: 2864 4847 Email: [email protected]
Website: http://www.sprg.com.hk/
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comChampion Real Estate Investment Trust (stock code: 2778), the owner of Three Garden Road and Langham Place, announces its financial results for year ended 31 December 2021.
3 macro factors could push Bitcoin to $10,000 by 2023, says Stifel strategist
Bitcoin price decline to lows of $10,000 by next year amid Federal Reserve monetary…
The post 3 macro factors could push Bitcoin to $10,000 by 2023, says Stifel strategist appeared first on Coin Journal.
Cosmos, Stellar, Chiliz Price Analysis: 20 February
After the recent sell-off, it becomes vital for Cosmos bulls to step in and defend the $25.1-level to prevent further fallout. Further, Stellar eyed at the lower band of its Bollinger bands after noting double-digit losses in the last three days. Similarly, Chiliz fell below its EMA ribbons while the bulls strived to uphold the […] Report: Blockchain and Crypto VC Investments Grew Almost Tenfold During 2021 in Latam
A new report issued by LAVCA, the Association for Private Capital Investment in Latin America, has found that the venture capital (VC) investment in the region has grown immensely compared to the previous year’s numbers. In general, the region registered investments of more than $15 billion, more than three times the amount registered in 2020.…
The post Report: Blockchain and Crypto VC Investments Grew Almost Tenfold During 2021 in Latam appeared first on Bitcoin News Miner.
Cosmos (ATOM) remains above the crucial support zone and could surge 18% in the coming days
Cosmos (ATOM), like other major coins, is feeling the heat from the rising tensions…
The post Cosmos (ATOM) remains above the crucial support zone and could surge 18% in the coming days appeared first on Coin Journal.
With BAT ready to nosedive, is there an enticing opportunity
The Basic Attention Token, popularly known for its integration with the Brave browser and its ad-free experience is seemingly losing its shine. The broader market sentiment has hit the coin hard. Thus, leading to a loss of over 60% in market cap since it touched its all-time-high back in November end. Technically speaking, it is […] Latest Intelligence
