LYMPO: MONETIZING SPORT AND HEALTH DATA VIA BLOCKCHAIN
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ABOUT LYMPO (Overview)
Lympo is a healthy lifestyle ecosystem powered by user-generated and user-controlled sports and wellness data.
What that means is that, LYMPO is a platform that utilizes the blockchain technology to connect numerous stakeholders (creators and users) of sports and wellness/health data around the world. Lympo generates value through the effective monetisation of user-generated sports and wellness data. This valuable information is collected via the blockchain ledger and is then used to reward users by offering LYM token (currency for lympo) incentives that can be spent in the marketplace on health and sports items that could further enhance a good and healthy lifestyle.
Lympo aims to effectively monetise the vital data that is collected through the ledger system with the help of the blockchain technology.
According to the Lympo CEO Ada Jonuse, “Lympo’s aim is a token with the real long term value, a real use case inspiring people to be healthier and mass market adoption independent from the entire crypto economy. Our mission is to grow Lympo to a powerful company and to conduct an IPO (initial public offering) in the future. In contrast to traditional businesses, we want our community to be a part of this journey. And that is why a decision was made by the team to offer a total of 20% of Lympo shares to our token holders.”
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The most remarkable goals of Lympo is to create the perfect ecosystem for an entire market for a varied area of users/stakeholders (such as entrepreneurs, companies, health and sport enthusiasts etc.) that can thrive on the platform. It has an array of competent and professional team members and advisors from the field of fitness, blockchain and entrepreneurship ready to make their dream/goal a reality.
As touching the impacts of Lympo giving away 20% of its shares to token holders (first ever experienced in the cryptospace), the CEO said it will bring about:
- Real participation in the company decision making;
- Real transparency for thousands of contributors;
- Real value for LYM token supporters.
As I write this, Lympo has already listed on three powerful exchanges: Gate.io, Idex Market and Cobinhood. The total registered members on the platform is 11,516 and still counting.
HOW IT WORKS? (CASE)
The Lympo platform allows for a unique exchange of information and data between members and also enables them particpate in activities from which they earn.
From our case above, an athlectic producer publishes a 5Kilometer challenge on the lympo blockchain (open-ended). Then, users (usually registered) on the platform decide (at will) just like this writing contest to particpate. An agreement between the sponsor of the challenge and the particpant is reached, after which the evidence of completion logged in the lympo App gets published on the blockchain. Particpant then gets rewarded in LYM tokens for successfully completing the challenge.
WHO CAN USE LYMPO?
- Users living a healthy lifestyle
- Personal trainers and sports coaches
- Sports and wellness businesses
- Gyms
- Health Insurers
- Health and Fitness Apps
- Fitness/wellness/health start-ups
- Investors
- Employers
LYMPO will resolve these Top Global Healthcare Industry Challenges for 2018
- Clinical and data analytics: Big data and clinical evidence will be increasingly utilized to improve patient outcomes.
- Value-based payments: Building the outcomes and value-based financial models and data infrastructure to maximize value-based care reimbursement pathways will be increasingly important and useful for the industry.
- Cost transparency: The blockchain will enhance transparency which will help rebuild trust with consumers, physicians, and health insurers.
- Cybersecurity: The problem of how to keep patients’ information safe and secure will be tackled by the lympo blockchain.
- Harnessing mobile health technology: Lympo utilizes the blockchain ecosystems and embraces non-traditional factors and sources of knowledge outside healthcare practices that are revolutionary and important.
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The entire build-up of the Lympo blockchain goes beyond just the healthcare sector of the world, it cuts across a varied span and I would like to see it implemented at every sport arenas around the world including: stadiums, gyms, pitches and even at homes of sports and health lovers. I would like to see it been used by as many as would want to keep fit, we all love to keep, and be fit right? Let the whole world use Lympo, that's my wish!
With the Lympo blockchain where users get complete control of their data usage and also have the ability to monetize their activities (earn tokens for exercising, doing sports or keeping fit), the entire approach to how and why people workout will be transformed.
- People will workout more even if not to lose more weight but at least to earn more tokens, which is good anyway.
- There'll be more motivation to gather more data as they workout, since they're rest assured all data created are secure and safe.
THE TEAM
Just recently, 9 members were added to the team of professionals on the platform to ensure efficient and effective running of the platform.
Meet a few of them;
| Team | Members |
|---|---|
| 1. ADA JONUŠĖ (CEO and Founder): Co-founder of Lympo.lt, a platform to find the best personal trainers, adviser to ETHLend, a decentralized lending platform, blockchain events speaker and organiser, named an emerging European tech star by the Financial Times, Google and other New Europe 100 list partners. | 2. PATRICK BROWN (Solution Architect): Blockchain and business automation expert with 2+ year of experience at Asta, a leading End-To-End professional managed IT service provider to the SMB market in Australia, New Zealand, Hong & Singapore. |
Source for more...From the website.
ADDITIONAL INFORMATION
- Lympo Website
- Lympo WhitePaper
- Lympo YouTube
- Lympo BitcoinTalk Forum
- Lympo Medium
- Lympo LinkedIn
- Lympo Facebook
- Lympo Twitter
- Lympo IPO Article
Special thanks to @originalworks for hosting this contest. You can participate by following this link: https://steemit.com/@originalworks/310-steem-40-bonuses-sponsored-writing-contest-lympo
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Thanks. :)
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