The Lympo ecosystem starts from the existing platform which permits users to find the best personal trainer with 500+ fitness pros 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 finances and user reward system is at the primary of the Lympo environment. Lympo fitness wallet functions as an entry to the ecosystem and allows an user to create their profile, fill in their health data and hook up it with their favorite sports and health keeping track of apps. The individual data submitted via Lympo fitness wallet will be accessible to its user and is viewed or distributed by storing an agreement 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 program to buy online and offline workout sessions with the best fitness coaches, including training or any athletics coach periods, consultations by way of a physical therapist or a dietician. Lympo users can make use of the Lympo fitness budget to get compensation tokens for achieved training goals. As more companions become a member of, Lympo tokens will be utilized to access a variety of healthy lifestyle products and services like athletics clothes and shoes, balanced diet and gyms with a opportunity to encourage achieved health goals by making use 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:
- 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 discounts 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 Lymponetwork. 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 Lympoecosystem 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.
Token Sale.
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
- 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
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