Lympo aims to create an ecosystem powered by user-generated and user-controlled fitness and wellness data allowing the exchange of value through the introduction of LYM utility tokens. Lympo’s goal is a marketplace where data itself is used efficiently by ecosystem members and everyone is rewarded fairly. A mHealth app/wearable user is at the centre of this ecosystem including all key players in the sports and wellness industry.
The Lympo ecosystem starts from the existing platform which enables users to find the best personal trainer with 500+ fitness professionals operational in Lithuania, www.lympo.lt, and expanding to California, U.S. and Melbourne, Australia.
The ecosystem is composed of three main parts:
- The Lympo digital fitness wallet and user reward mechanisms;
- Lympo marketplace;
- Lympo crowdfunding and investment platform.
The Lympo digital fitness wallet and user reward mechanisms.
The Lympo digital fitness wallet and user reward mechanism is at the core of the Lympo ecosystem. Lympo fitness wallet functions as an entry to the ecosystem and allows a user to create their profile, fill in their health data and connect it to their favourite sports and health tracking apps. The individual data submitted via Lympo fitness wallet will be accessible to its user and can be viewed or shared by storing a permission on blockchain.
The Lympo digital fitness wallet and user reward mechanism is at the core of the Lympo ecosystem. Lympo fitness wallet functions as an entry to the ecosystem and allows a user to create their profile, fill in their health data and connect it to their favourite sports and health tracking apps. The individual data submitted via Lympo fitness wallet will be accessible to its user and can be viewed or shared by storing a permission on blockchain.
The rewards issued by market players interested in having direct access to Lympo digital fitness wallet users can be of two di erent types:
- A reward for achieving a healthy lifestyle goal, i.e. running 5 kilometres or following a precise diet and submitting app records to Lympo profile.
- A reward for checking into a particular location for a specified amount of time, i.e. joining a gym class or attending a karate competition.
- Athletic shoe producer publishes a 5km running challenge
- User decides to participate
- The agreement is registered
- User completes the challenge and submits the app tracking data
- LYM token rewarded.
Lympo platform to buy online and offline training sessions with the best fitness trainers, including training or any sports coach sessions, consultations by a physical therapist or a dietician. Lympo users will be able to utilize the Lympo fitness wallet to get reward tokens for achieved training goals. As more partners join, Lympo tokens will be used to access a wide range of healthy lifestyle products and services like sports clothes and shoes, healthy food and gyms with a possibility to reward achieved health goals with the help of smart contracts.
Trainers will be able to be more competitive, proposing packages where their services are o ered together with a built-in reward program. Also, any other ecosystem player can either attach the reward system to the product sold or purchase a certain number of tokens and organise challenges and tasks for Lympo users in exchange for their data.
Lympo marketplace.
The next step in the Lympo ecosystem is to enable users to spend tokens to receive further healthy lifestyle goods and services and make in-platform purchases. The marketplace, starting with the existing platform to find the best personal trainer, o ers a variety of ways to do so:
The next step in the Lympo ecosystem is to enable users to spend tokens to receive further healthy lifestyle goods and services and make in-platform purchases. The marketplace, starting with the existing platform to find the best personal trainer, o ers a variety of ways to do so:
- Getting premium features in the Lympo platform. E.g.:
- A personal trainer can buy enhanced profile options and more exposure for their listing.
- A user can purchase more options for their health and sports data storage on the Lympo platform, like reminders and health advice based on the data submitted.
- Everyone owning tokens will receive disco
unts and products o ered by our partners: sports and wellness businesses, healthy food and supplement providers, etc. - Businesses use tokens to pay for listing their products and services on the platform.
Lympo foresees its existing platform to be the market entry tool for the user-generated data powered healthy lifestyle ecosystem which will further expand with more partners accepting LYM tokens. A part of LYM tokens are allocated to incentivize community growth and to add new businesses to the Lympo network. The ultimate Lympo goal is that its token holders can access a wide range of products and services with the initial platform being only one part of the much wider network.
Lympo crowdfunding and investment platform.
The third arm of the Lympo ecosystem is a crowdfunding and investment platform allowing LYM token holders to invest in the most promising fitness/wellness/health start-ups which are reviewed and rated by Lympo ecosystem members who know what the industry needs best. LYM token holders will be able to receive company shares for the tokens contributed.
Lympo crowdfunding and investment platform.
The third arm of the Lympo ecosystem is a crowdfunding and investment platform allowing LYM token holders to invest in the most promising fitness/wellness/health start-ups which are reviewed and rated by Lympo ecosystem members who know what the industry needs best. LYM token holders will be able to receive company shares for the tokens contributed.
The unique value proposition of this crowdfunding platform is 1. Public reviews and ratings by sports and wellness market players; 2. Access to data of a big user base enabled by LYM tokens.
- The crowdfunding platform will allow for businesses and service providers active in the Lympo ecosystem to review and rate new companies seeking investment for a certain token reward offered by a start-up listed. This will help investors to better evaluate the potential of the new venture and for start-ups to find potential partners and customers operating within the same industry.
- Many new companies are following the usual data economy business cycle: build a product, attract a large user base, then start analysing and monetising data. But with the help of invested LYM tokens, start-ups on the Lympo crowdfunding platform will be able to start working with a big data base immediately purchasing fitness and health data directly from our users or proposing new challenges for reward tokens if the existing data set lacks some particular qualities.
This way, new innovative fitness/wellness/health companies will have a much lower market entry cost and can successfully launch their products and maximise returns for investors.
Pre-sale.
The pre-sale starts on January 23 at 12:00 London time GMT+1 and ends on February 3 23:59 London time (GMT+1) or when the hard cap is reached.
Pre-sale.
The pre-sale starts on January 23 at 12:00 London time GMT+1 and ends on February 3 23:59 London time (GMT+1) or when the hard cap is reached.
- 150,000,000 LYM
- 20% bonus for the first 30 million LYM
- 10% bonus for the next 20 million LYM
- The rest: 1 ETH ~ 30,000 LYM
- No minimum threshold
- Max threshold during the pre-sale ~ 10,000,000 LYM, i.e. 286 ETH
- Unsold tokens will be burned
Token Sale.
The tokensal starts on March 15 at 12:00 London time GMT+1 and ends on March 25 23:59 London time (GMT+1) or when the hard cap is reached
The tokensal starts on March 15 at 12:00 London time GMT+1 and ends on March 25 23:59 London time (GMT+1) or when the hard cap is reached
- 500,000,000 LYM
- No minimum threshold
- Max threshold 12,000,000 LYM, i.e. 600 ETH
- 20% bonus for the first 80 million LYM
- The rest: 1 ETH ~ 20,000 LYM
- Unsold tokens will be burned
Author by: Hellokitty6
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