Participation in sports is on the decline. This is a global scenario. U.S. high schools witnessed record high participations. Corporates are promotion sports activities and events to work on team spirit. Everyone has their reasons. In the last decade, the sports and wellness market has doubled itself. It is a $90 billion market to work with. Thanks to fitness apps, the sports industry is recording huge amount of data. From BPM to calorie counts to heart rates, everything is measured. The data is used to track fitness progress and for community sharing purposes. But should this data be limited to that.
Lympo believes the data can do a lot more. It can immensely benefit the users and the industry. How exactly Lympo plans on doing that? They are building a blockchain based ecosystem, Lympo digs deeper and looks into the market as whole. It identifies sports enthusiasts, coaches, utility providers, businesses, fitness apps, investors and even health insurance companies. Lympo knows how to monetize sports and healthy data on blockchain. It understands people are the source of this valuable data. It visions to incentivizing people for their data. It creates a win-win situation for both users and companies.
How Lympo monetizes data?
If someone wants to start an active lifestyle, search isn’t easy. They would be bombarded with information overload. They hardly get information that suits their need. Lympo on the other hand provides tailor made information for your queries. Kicking off your healthy lifestyle is easy as a breeze. Once you get into an active lifestyle you become a source of data. You supply the system with your activities and data. For your contribution, you accumulate tokens in your Lympo wallet. The Lympo tokens can be used in Lympo marketplace. You can purchase a multitude of sports goods for your tokens.
How did it get possible?
At the business end of their blockchain Lympo has various sports businesses and health solution providers. They are interested in large concentrations of targeted end users. They are even more interested in data, these users generate. Lympo connects both sides and let them make profits. The businesses get to save on their marketing costs. The users make significant fortune for contributing genuinely to the blockchain. One of the use cases is when users get rewarded for checking in in specific locations like gyms. They are also rewarded for following personalized health plans.
ICO details:
Lympo ICO is reviewed in great detail across ICO communities. The project strictly accepts ETH investments only. The token for the project is LYM. The tokens will be released on Ethereum. It complies with ERC20 standard of blockchain. The presale pricing means 60,000 LYM tokens for 1 ETH. The public sale pricing means 50,000 LYM tokens for 1 ETH. The presale bonuses can go up to 20%. The first 80 million LYM tokens in ICO come with 20% bonuses too. The total token supply in the project is 650 million tokens. The ICO is rated very high across various standards.
Important Links:
Please find the important links related to the project below and stay updated:
Website: http://www.lympo.io/
Whitepaper: https://lympo.io/wp-content/uploads/2017/12/whitepaper.pdf?v5
Twitter: https://twitter.com/Lympo_io
Facebook: https://www.facebook.com/Lympo.io/
Telegram: https://t.me/lympo
Medium: https://medium.com/@lympo.io
Kind Regards!
Looks like an interesting concept! I will look deeper into it thanks for the information
Yeah very unique project, i hope it will be a success.