Monetizing sports and health data with Lympo
About the project
The Lympo project is based on the introduction of monetized mobile applications in healthcare (mHealth). It has an official partnership with Eidoo Wallet for developing and attracting investment funds.
The company's project is at the pre-ICO stage. According to the LYMPO roadmap, the platform has already passed the process of joining LYMPO.LT without using the blockchain technology. The implementation of the beta version of the Lympo wallet is scheduled for the beginning of the second quarter of 2018.
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Implementation of the concept
The main goal of Lympo is the creation and development of an ecosystem that is built around a sporting and dynamic community. The design is divided into three components, where the basis is an electronic fitness wallet, the Lympo market, and an investment platform. A wallet is both an access to the system and a profitable resource for the publication of sports and health achievements.
In the center of the ecosystem is the target audience: the supporters of healthy lifestyles, doctors, sports coaches, representatives of the sports and health business, insurance companies, investors.
Multifunctionality of the system will solve the problem of confidential data in one app. Each platform member will have an account in the Ethereum blockchain system. The public key will be an important link for the integration of Ethereum with the Lympo account, a collection of tokens, participation in reward programs, and various smart contracts. The private key will be completely controlled by the user.
Crew
The development team, headed by the CEO and founder of Lympo - Ada Jonuse, consists of supporters of a healthy lifestyle. Pat Brown is solution architect. Marius Silenskis is an IT project manager with 5 years of digital project management experience. Adomas Dicius is senior full stack developer, who helps Justas Kregzde in the development of smart contracts. The head of digital marketing is Tadas Maurukas. Karoline von Tschurtschenthaler is responsible for legal operations. Dimitra Papadopoulou is a blockchain expert for medical research and leads a healthcare partnership. Zivile Kairyte is a community manager. Ernesta Petkeviciute and Domas Ambrazevicius are the leading graphic designers of the project.
ICO
The procedure of pre-ICO of LYM tokens, which took place from January 23 to February 3, brought the company 265 million. Features: LYM = 5000 ETH, where 20% bonus for 90 million LYM - 1 ETH = 60,000 LYM, the remaining 175 million LYM - 1 ETH = 50,000 LYM
The next stage - LYMPO token sale - will take place from February 17, 12:00 (GMT + 1) to February 28, 00:00 (GMT + 1). Under the terms of the company, registered users have the right to purchase domestic currency.
The claimed number of tokens is 1.000.000.000 LYM. A Hard-Cup is 14.625 ETH = 650 million LYM and Soft-Cup is 15%, where 1 ETH is converted to 40,000 LYM.
The advantage of the owners of the company's tokens in the future is the right to vote on the proposals for financing. To do this, you must have a sum of at least 1 000 000 LYM (later this sum can be adjusted).
The distribution of tokens has the following features:
- Crew and consultants - 10%;
- Holding of pre-ICO and ICO - 3%;
- Expansion of the project possibilities - 22%;
- Holding of Pre-Sale - 26.5%;
- Token Sale - 38,5%.
The LYM share, intended to empower the ecosystem, will be blocked and released in the coming years. 1/3 will be available in 2018, 1/3 in 2019, the remaining 1/3 in 2020.
The use of sales funds is distributed as follows:
- Research and development - 40%;
- Sales and marketing development - 30%;
- Operations - 15%;
- Expansion of the network and team -15%.
Conclusion
Investing in Lympo will lead to the use of the advantages of the company's platform: the selection of goods and services that promote a healthy lifestyle, the benefit from information about wellness and sports, the analysis of the customer database, the popularization of sports services, etc.
At a later stage of development, the user data market will open for the health insurance industry, research institutes, and large data companies in the sports industry, which are interested in accessing user data.
The main components developed by the team: the Lympo Platform prototype and the internal currency LMP, which corresponds to the planned technicalization.
The use of blockchain technology for this purpose is seen as a safe and efficient tool for payment and data storage.
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