Fridn system: Cryptocurrency generation/extraction system with the use of a designed software, registration devices and mobile application registers men activity when performing sports exercises: running, walking, dancing, etc; verifies and further processes the data received in the mobile application; provides individuals with rewards in the form of crypto money (tokens protected by means of cryptographic technology and electronic digital signature) in case of successful processing of the data received; allows its users to transfer the rewards amongst each other. Thanks to special technology, Fridn system ensures the reliability and authenticity of performed activities when verifying such data provided by its users. A unique algorithm to issue and distribute tokens has been developed for the fair, reliable and irrevocable grant of rewards to the users. Accordingly, following the verification of performed activities, each user is able to receive an appropriate reward.