Lympo (LYM) is now available on KuCoin, one of the top exchanges in Asia. Supported trading pairs including LYM/BTC, LYM/ETH.
KuCoin has a great reputation as a secure and technologically advanced exchange and should bring significant new market exposure to the Lympo project.
Lympo Introduction
From games to banking, investments and other uses, the number of applications based on blockchain technology is increasing. The most recent applications under development, that include the use of blockchain technology, belong to the health & fitness industry. The Lympo project is one such application.
Lympo aspires to revolutionise the healthy lifestyle ecosystem by monetising sports and wellness data via blockchain to reward users by offering incentives.
The Lympo platform is gaining significant support from the health and fitness sector as well as the blockchain community. Lympo has signed a raft of strategic partnerships in recent weeks, including an arrangement with blockchain payment systems company Pundi X, which allows buyers to purchase products directly with their Lympo tokens (LYM).
“Lympo’s partnership with Pundi X give us access to point-of-sales technology. Cryptocurrency users will be able to shop online and at stores or gyms through a system, similar to PayPass,” said Lympo CEO and founder Ada Jonuse.
What is Lympo?
Lympo is a blockchain based platform where users can monetize their health and sports data. 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.
When users sign up to the system, they will be able to interact with health insurances, sports and wellness businesses and employers who want to encourage their staff to remain healthy. Lympo will track workout data via smartphones or wearables, and reward users with LYM tokens for hitting fitness and mindfulness goals, which can then be used to pay for fitness, wellness and other health-enhancing products and services.
Some of the Lympo tokens will be reserved for the Sports Foundation, which will be overseen by a board made up of famous athletes, Lympo partners, and leaders in sports communities from various countries.
Lympo token holders owning a considerable amount of tokens will be invited to vote on funding proposals.
How Lympo works?
Lympo combines technology network such Blockchain, Smart Contract and user-controlled and user-generated data to create a robust ecosystem. The ecosystem is composed of three main parts; the Lympo digital fitness wallet and user reward mechanisms, the lympo marketplace, lympo crowdfunding and investment platform.
The Lympo digital 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 marketplace has user-generated data powered healthy lifestyle to offer and traded with the LYM tokens. A part of LYM tokens are allocated to incentivize community growth and to add new businesses to the Lympo network. The user-generated data marketplace will open for businesses such as health insurances, research institutions, and big data companies within and outside of the sports and wellness industry that are interested in accessing the data of Lympo digital wallet users. The users will be enabled to decide whom they trust their data to, to know what exactly they are sharing and to earn tokens by doing so.
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.
Overview
Lympo is a health and wellness ecosystem, with a wallet that rewards users with Lympo tokens (LYM) for sharing and achieving their health goals. It is part of a Lympo ecosystem for health and wellness data sharing including all industry players: personal trainers, gyms, sports and wellness businesses and health insurances.
By tracking health-related data on smartphones and wearables, Lympo aims to build healthy lifestyles and grow the Lympo community. Tokens earned can be used to pay for health and fitness products and services.
Sources:
https://lympo.io/
https://news.kucoin.com/en/lympolym-gets-listed-on-kucoin/
https://coins.newbium.com/post/12546-lympo-the-health-and-lifestyle-ecosystem-based-on/
https://medium.com/@Tayenwo/lympo-monetizing-sports-and-health-data-via-blockchain-93732d198cc8
http://bitcoinist.com/aussie-cryptocurrency-millionaire-investor-jordan-travers-newest-ambassador-blockchain-fitness-app-lympo/
https://cryptostec.com/what-is-lympo/
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