LYMPO - 7 weeks after ICO

ICOs and token sale event became highly popular during last months, which is great since it gives startups all over the world chance to raise necessary funds to release their ideas and it creates a market which opens the doors to practically everyone on the planet. But at the same time, this market got full of scam projects, due to the lack of regulations and oversight. That's why I prefer to stay safe and get in only after watching the ICO and some progress after it.
Today I want to tell you about an awesome project called Lympo which did a really hard work and was able to make more than 60% ROI for the ICO participants, which is a great result considering current market dip.

What is Lympo?

The problem

The main problem Lympo's team pay's our attention to is that currently, many corporations are collecting users health data using various health apps, to improve their services and cater to the user while usually they also don't hesitate to sell that data and any other related information. Given the undeniable fact, that information is power, money and even more nowadays every large corporation is working on keeping data to themselves leaving the user with no control over it. Of course, this slows down the development and user experience optimization progress.

The solution

The reward system

The main goal is to make sure that every user controls all the data generated by him or her. The Lympo health app will collect users activity data and store it in a way that only the user himself will be able to use it. Companies will be able to purchase information necessary for services improvement on the Lympo's platform using LYM tokens, which will be used to reward users.
So the idea is that the opportunity to monetize your data will pass to you.

Lympo marketplace

The app will also contain an LYM token wallet on which user's rewards will be stored. After users will be able to use LYM tokens to pay for multiple health products and services provided by the companies on the Lympo marketplace.

Supporting startups

Lampo's goal is to support the health industry us much as possible, by not only attracting existing companies but also helping new ones to launch.

The Progress

As I've already mentioned Lympo had pretty good progress since the ICO and that's only the beginning. Currently, LYM token is listed on 4 exchanges, including Gate.io (one of the largest ones) and Cobinhood (the new zero-fee exchange). They have hired 9 new team members recently, so the development process must speed up even more.

Lympo will distribute company shares to LYM holders!

Yes, another good news is that Lympo is planning an IPO and 20% of company shared will be distributed to token holders, so that every token holder may receive up to 1%. I'm sure this will help Lympo's team to gain more trust among investors and lead to bigger success in the feature.

That's all, thanks for reading, feel free to upvote and leave a reply :)
If you're interested in Lympo project, check out some useful links:

Lympo Website
Lympo WhitePaper
Lympo IPO Article
Writing contest sponsored by Lympo

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