allows anyone aggregate, share and monetize its fitness and wellness data
Description
"Powered by user-generated and user-controlled fitness and wellness data, Lympo will allow the exchange of value through the introduction LYM utility tokens. Lympo’s goal is an ecosystem where data is used efficiently by all industry stakeholders and everyone is rewarded fairly. It consists of three pillars: the Lympo fitness wallet, a marketplace and the Lympo crowdfunding platform."
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.
The ecosystem is composed of three main parts:
The Lympo digital fitness wallet and user reward mechanisms;
Lympo marketplace (2020)
Lympo crowdfunding and investment platform (not on the roadmap)
The fitness/health data sharing ecosystem is based on three major components:
Lympo Platform: core components developed by the Lympo team and partners
Blockchain: Lympo tokens, smart contracts and crypto wallets
User community: Users, who will live healthy lifestyles and will interact with dierent actors
in the ecosystem to find trainers, partners, make agreements, share data and get rewarded.
Data collected ever growing - "The usage of mobile health (mHealth) apps and wearables is ever-growing. More than 52% of smart phone users gather health-related information on their phone. In 2016 alone, mHealth app store downloads totalled 3.2 billion.”
Value of this data is high - "Health-related data is a precious asset for both individuals and stakeholders in the data-driven sports, health and wellness industry."
Organization
"Lympo is an existing business which started as a platform to find the best personal trainer or any sports coach near you in Lithuania www.lympo.lt"
The platform is currently expanding to US, California, www.lympo.com.
Team
Lympo team unites passionate entrepreneurs, sports and health professionals and tech talents. Lympo advisory team are experts in tech, marketing, cryptoeconomics, blockchain in healthcare and business and asset management.
"board of advisors including experts on blockchain for science, consultants on blockchain use in the public sector, health specialists and technology experts"
Co-founder of 20 Nations League of Blockchain (B20), ValueBank Group, and ValueNet Capital, and SoRelax
20 Nations League of Blockchain (B20), an international NGO focused on bridging blockchain and crypto-currency communities worldwide
ValueBank Group, a global network of fiat-crypto exchanges, with a crypto wallet and payment solution
ValueNet Capital which is a VC Fund for tech and entertainment industries
SoRelax, a global platform for cross border marketing and services
And more advisors...
Token use
"These tokens can be used to purchase goods and services in a marketplace starting from an existing Lympo platform uniting more than 500 fitness professionals and later expanding to a broad network of sports, wellness and health goods and services providers. Finally, LYM tokens will be used on the Lympo crowdfunding platform to invest in innovative data driven companies in the industry which will contribute to the growth of this new ecosystem."
LYM tokens will be rewarded to our users who achieved their healthy lifestyle goals.
LYM tokens will be used to purchase healthy lifestyle goods and services
LYM tokens can be invested in new innovative fitness and wellness startups.
Legal
Lympo lets anyone aggregate, share and monetize its fitness and wellness data. Nowhere is mentioned "medical records”. This makes sure Lympo does not have to deal with too many EU and US laws, for now at least.
Smackway, www.smackway.com: a wholesale organic food commerce platform that aims to enable payments with LYM tokens in 2018.
Gympro, www.gympro.com: a tool for fitness trainers to manage their clients, currently user by 3000+ trainers in Australia, New Zealand, US and UK. Gympro will be part of our services on the Lympo platform.
