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It's a dead-hang. Most people use a pull-up bar, but I don't have one so I just find an exposed 2x4 in the basement to hang from.
The benefits are improved grip strength and a pretty unique stretch for your shoulders and back.
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Ahhh... I understood, I imagined that was it, but the translator marked me as "hanged."
I added that image so I wouldn't add the others that came up.
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What would Hanging be? It's not clear to me, maybe it's the translation