The Lympo ecosystem will use Lympo Token as the main facilitator of contract and user interaction. A unique user community and fitness / health data set provides opportunities for smart contracts and data exchange. The Lympo team considers user privacy very seriously, therefore all source code for smart contracts associated with data exchange, will be fully verified by Lympo developers. In addition, Lympo's core will remain an authorized entity for agreement and rewards. Already at this early stage some examples of smart contracts will be implemented:
SMART CONTRACT: USE OF THE USE PROGRAM
The user rewards program will be conducted between Lympo ecosystem participants, such as trainer / doctor / gym / sports service providers and Lympo digital fitness wallet users. Let's see the case of the fitness trainer and his client. To encourage users to live a healthy lifestyle, a fitness trainer will apply for a contract on the Lympo platform, providing specific goals for end users to achieve. The contract itself will be created using a standard user interface. The components of the contract are as follows:
"Account of the person / company making the contract
"The end user account will receive the rewards, once they reach the destination
"Number of Lympo tokens, to be transferred as gifts
"Detailed descriptions of activities and objectives, which need to be met. This information will be merged into a single string, to limit the size of the parameters sent to the smart contract.
The creator of the smart contract will use all the parameters from above and will sign the call for blockchain with its password. The smart contract will lock the gift tokens for a few days. Once the user achieves the training goals specified in the contract, Lympo Core validates this information, and requests a call to a smart contract, confirming the transfer of Lympo token to the user. If the goal is not met during the agreed time, the token will be transferred back to the Lympo platform or the creator of an intelligent contract depending on the conditions for the particular signature program.
TRAINING PACKAGE USING PROGRAM REWARD PROGRAM SMART CONTRACT
The Lympo system will provide options for trainers / doctors to propose a training package, which will automatically include award programs. Trainers will be free to choose how they advertise their services on the system, but in order to be competitive, pricing may contain the option for users to regain a certain percentage of payments. Implementation of smart contract is very similar to the model that has been defined previously. However, in this case the workflow will have some additional steps:
>Trainers in the Lympo system create a package to become customers. Package contains:
"Coach service (detailed explanation)>The trainer sends this information to a smart contract (signing a contract with his blockchain account). Some parts will be set directly (such as price, percentage, etc.). Other details will be combined into one string and kept in a smart contract as evidence.
"Price for the whole package
"Percentage to be awarded as reward after goal is reached
"Terms to get reward (same as specified in smart contract above)
>When the user finds the package he wants to buy, Lympo's system will also ensure that the information signed by the trainer in the smart contract is correct.
>Users then make transactions with smart contract using Lympo token. Part of the token is immediately transferred to the coach's account, but a certain percentage of them are automatically locked by a smart contract.
Unlocks the same as the specified contract: once the user reaches the training objectives specified in the contract, Lympo Core validates this information and requests a call to a smart contract, confirming the transfer of Lympo token to the user. If the destination is not met during the agreed time, the token will be transferred to the trainer.
FOR ADDITIONAL INFORMATION:
WEB SITE: https://lympo.io/
MEDIUM: https://medium.com/@lympo.io
FACEBOOK: https://www.facebook.com/Lympo.io/
TWITTER: https://twitter.com/ Lympo_io
TELEGRAM: https://t.me/lympo
INSTAGRAM: https://www.instagram.com/lympo.io/
LINKEDIN: https://www.linkedin.com/company/18233561/
Author by: Hellokitty6
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