Lympo - Sports & Health Ecosystem Powered by User-Generated & User-Controlled Data

in #blockchain6 years ago (edited)

Lympo.io

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Mobile Health Tracking

mHealth apps are rapidly growing (3.2 Billion app downloads in 2016 alone) in a market projected to be worth $233 billion by 2020. Our phones and smart watches now have mHealth apps pre-loaded when we buy them. We're all more interested in health & lifestyle than ever before (and we're able to capture bio-data & GPS records easily) as we move into a new era of Health and Fitness culture. Over 50% of mobile users collected health and fitness stats using their phones in 2016.

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As a deskbound and office based digital creative (and a Dad to 2 very energetic young daughters) I am keen to make the most of my spare time for fitness and health. I use my Pebble Smartwatch in conjunction with an Android phone to record my daily step count and sleep data. It's a simple routine and has markedly improved my awareness of both. I strive to reach my daily goals with a bit of help from the built in app. It's encouraged me to think about upgrading to a fitbit so I can capture more useful information about my pulse and recovery (during & post) my admittedly, slightly irregular gym workouts. I'm hoping a fitness tracker will help me stick to the program. Rewards would definitely help motivate me.

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Valuable Information

This data is not just valuable to me, it's crucial to a large number of companies who currently have no reliable way of aggregating and analysing the vast amounts we generate and if they do, it's not necessarily with the user's consent. For the first time, Lympo will allow the exchange of value through the introduction of the LYM token on the ever smart Ethereum network. Currently, data of some mHealth apps users, is being harvested without their knowledge. Blockchain introduces a new layer of security and accountability which allows for users to not only control their own information, but gives them the ability to share it with their consent in return for incentives. One day soon, this may also offer the possibility of cost effective, remote health tracking for people with particular medical conditions. The possibilities are exciting, endless and potentially life changing / life extending, even life saving perhaps? BlockChain.

Fitness Trackers & GPS

Sports equipment companies often issue widely publicised sports challenges to large user groups and they are popular in the dedicated amateur sports and fitness community. The LYM token will offer a seamless process for global sports equipment companies and fitness app organisations to offer rewards to their challenge contributors. There's nothing like an incentive to help in a quest to strive for a personal best. As a platform, Lympo also offers the potential for similar challenges for dieters, abstainers and other health conscious people through token reward schemes. This BlockChain promises to make us all leaner, healthier and be rewarded for our efforts. Ministers for Sport, are you listening?

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Introducing Lympo

It's a tokenised health and lifestyle Marketplace which monetises users sports and health data via BlockChain. It has three main components which complement each other and the project roadmap is a progressive and ambitious plan with a carefully considered rollout.

Lympo is also a BlockChain project with a few differences which mark it out from the run of recent ICO offerings. It's not just another token. It's an ecosystem and inhabits a different space to many others projects, (which are often entirely abstract, solely B2B and software or digital process orientated.) Lympo is driven by human activity and aims to connect people through a dynamic marketplace which already has a live network of personal trainers onboard. That's an impressive start.

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Fitness wallet & User Rewards

The team behind Lympo have developed a digital fitness wallet and corresponding reward mechanism. This is at the core of the project and enables rewards to be distributed for health related achievements. It's efficient, lean and secure. Of course it is, it's Ethereum Blockchain. Smart Contracts will be used for trustless administration of the system; allocation of user rewards, custom reward programs and organisation of personal training packages. It's advanced & scaled efficiency. It's also the perfect accountant so stats are accurate, are not massaged by intermediaries and the analytics from any given activity or campaign are therefore not only reliable, but are directly and 100% accountable. Bingo.

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MarketPlace

An integral component of the original Lympo vision, 500 personal trainers can be accessed through the marketplace upon launch and LYM tokens can be used to procure their services. This is just the beginning. Personal trainers will be able to use tokens for enhanced listings to maximise their exposure to the right clients and the platform will be able to offer discounts on various services and products like running equipment, health supplements and more. As the project rolls out, all manner of sports, health and fitness related services will be accessible through the marketplace of Lympo in an ecosystem which has a truly global scope. One which the globalised sports industry will inevitably find great partnership opportunities within. I didn't mention the Olympic Movement per se but perhaps in time, national sports councils and regional government departments will be encouraged to motivate the populace through the distribution of LYM tokens in exchange for regular participation in healthy exercise and healthy eating. (Just saying.)

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Crowdfunding Platform

This arm of the project allows token holders access to evaluate and invest in the best health and fitness start ups as they come to the market. Rated by Lympo ecosystem members who are experts in their respective fields, LYM token holders will effectively be able to swap tokens for shares in health and fitness startup companies.

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Lympo BlockChain for Sports Foundation

Composed of well known athletes and ecosystem members, the foundation will act as a supporter of sports initiatives globally and aim to encourage participation in all kinds of sporting activities. As part of the initiative it will be allocated with 22% of the LYM token distribution to help make the world a fitter healthier place. There's the BlockChain Revolution in dynamic action, right there!

Use Case for Lympo

Users of multiple mHealth apps can all participate in the same challenge and obtain LYM token rewards.

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  • Running shoe manufacturer issues a 5km running challenge
  • LYMPO platform member signs up & is registered
  • They complete the challenge /submit the app tracking data
  • LYM token sent to their wallet

The Team

In contrast to most crypto recent projects, it's Co-Founder Ada Jonušė is an (inspirational woman); a blockchain and sports advocate, adviser to ETHlend and with experience at the UN & European Parliament. Lympo's executive team also has a healthy contingent of women members among it's experienced ranks. This is not to be underestimated in a male dominated space and one I find encouraging as the sector matures into an ever present, increasingly relevant and important industry sector.

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TOKEN SALE

Ethereum Token

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ICO & Pre-Sale Details

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To Find out More >>>

Lympo Website
WhitePaper
YouTube
BitcoinTalk Forum
Medium
LinkedIn
Facebook
Twitter

To enter your own article

this article is not an endorsement of Lympo. I advise all people to conduct their own research and due diligence before making any investments and not rely on the sole advice of others. Remember, investments can go up as well as down.

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thanks for participing your Helpfull post.
grat to share

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Thanks for this, it's a great post and so useful to learn more about this. I'm fairly new to Crypto and not in a position to invest in the token sale but I'll definitely be keeping tabs on this one now. As a triathlete and climber something like this would be great for someone like me, I've seen talk of sports related tokens like this but I've never actually read into them and had it explained like you have here. I love the idea, I guess my only hangup is one that's pretty common among new tokens and ICOs, the dependence on the token having value for it's success. Without a value the userbase, especially the personal trainer side of it, will really struggle to gain momentum. Hopefully a good token sale will go a long way to bolstering a big release with people really getting things going from the word go!

thanks @skiesandsports. As a triathlete, I'm sure you'll one day soon be able to earn LYM tokens via sponsorship of events. The token has a sale price so it has an inherent value on launch. When sports companies become interested in using the tokens (and this is particularly attractive to global companies like Nike & Adidas) as it's by far the best, most secure and efficient way to distribute awards (and collect valuable analytics) the token will inevitably be worth the excesss of demand vs the available supply. It will dovetail with many different types of mHealth apps so could be successful on a global scale. I think you will probably one day in the near future, have a Lympo wallet full of tokens which you'll be able to spend on new shoes, supplements and maybe even a post event sports massage :)

It's a pretty crazy idea but I love that all of this makes sense to me now I understand blockchain more thoroughly. The idea of different tokens/coins for different sectors and interests is a really fascinating one to me, especially if they are all tied in to something like ETH. I think I'm just super curious to see how long this will all take, I know when we're all on something like Steemit we see it as being very close but I can't help but feel we're still all early adopters. I think maybe we're looking at more like 10+ years before blockchain is properly embraced.

Just finished an hour and a half slogging away on the indoor bike, imagine a world where next to your 'speed/cadence' is 'LYM Earned' just ticking slowly up. Now THAT would be a motivator!

Hehehehe
This is the minister of sports speaking,
" I am myself wowed by this concept"
Nice one sir @outerground

Minister for Sports, this one'a a gamechanger !

Hehehe!
True

Awesome!

Namaste, my friend.

JaiChai

Thanks Man. Complex and beguiling project. Tough Challenge :)

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I mistakenly added the same image (marketplace) twice under crowdfund platform, ! I can't edit it now but the second image was supposed to be this one

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Hi outer ground - i know this post is old but perhaps you know - im planning on buying a smart watch for sports tracking but I wanna make sure it will be lympo-compatible. What would you recommend?

that's probably a question for the good people at lympo ! I don't know how they plan to include many brands and mhealth apps but from what I've read, it seems like they all have very similar data which lympo will be able to work with. I don't think they have a favourite yet !

I will ask Ada ;)

Thanks a lot! I'm really excited for lympo and can't wait for it to be launched tomorrow. So I also want to make sure I'll be ready for it with the right devices! :)

Hi @Katayah

here's a response from the CEO herself ! Ada said..

"It would be good if the watch is Strava compatible": https://www.wareable.com/running/strava-compatible-watches.

Thank you SO much! That's really helpful! I can't wait for the app to be released :)

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