Lympo review ($LYM) - 5min read

in ico •  last year

Lympo ICO overview ($LYM) for your busy life: a few points helping you get a feeling for the project and its potential.

This is the first ICO review of a hopefully endless series. Note that at the time of posting this, Lympo has almost reached its hard cap.

  • Official website
  • Company website
  • White paper
  • Summary paper
  • Goal
    • 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.
  • Positive reviews
  • Target market
    • 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"
    • "Lympo was named as one of the 2017 emerging tech stars in Central and Eastern Europe by Financial Times, Google and other partners of the New Europe 100 list" https://www.ft.com/content/10da5832-ce4b-11e7-9dbb-291a884dd8c6
    • The platform is currently expanding to US, California, www.lympo.com.
  • Team
  • Advisors
    • Full list of advisors on this "Lympo advisors look quite brilliant ($LYM)" reddit thread
    • "board of advisors including experts on blockchain for science, consultants on blockchain use in the public sector, health specialists and technology experts"
    • Antanas Guoga
    • Danilo S. Carlucci
    • David Manset
      • CEO & Co-Founder at Be-studys - www.be-studys.com
      • CEO & Co-Founder at Gnúbila France
      • President CEO & Co-Founder at Cerebro GmbH
      • Teacher Big Data - Master Corporate Governance at Université de Genève
      • https://www.linkedin.com/in/manset
    • Hainan HU
      • Security Engineer at BCG Digital Ventures
      • Security Engineer at SoundCloud
      • Security Researcher at Synack Red Team
      • Security Engineer at Zalando SE
      • https://www.linkedin.com/in/hainan
    • Sonic Zhang
      • 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
  • Funding
    • Pre-sale
      • Dates
        • January 23 — February 3
      • Bonus
        • 25% bonus
      • Fund usage
        • make a working proof of concept
    • ICO
      • Dates
        • February 17 — February 28
    • Hard cap
      • total approx 15 million EUR
    • Token allocation
      • 26.5% - pre-sale
      • 38.5% - ICO
      • 22% - Lympo ecosystem empowerment tokens & Blockchain for sports foundation
      • 10% - team and advisors
      • 3% - pre-sale and ICO costs
    • Traded on exchange
      • date
        • asap after the ICO ends
      • exchange names
        • TBA
  • Roadmap
    • Previous milestones
      • Dec. 2016 - Angel investment received
      • Dec. 2016 - Start of platform development
      • Sep. 2017 - Lympo Platform MVP Launched www.lympo.lt (no Blockchain Solutions Yet)
      • Nov. 2017 - 1st partnerships
      • Jan. 2017 - Pre-sale
    • Future
      • Feb. 2018 - Launch of the Lympo Fitness Wallet Proof of Concept
      • Feb. 2018 - ICO
      • Q2 2018 - Lympo Fitness Wallet Full Beta Release
      • Q3 2018 - Lympo Fitness Wallet Integrated with the First Lympo Ecosystem Partners.
      • Q1 2019 - Start Monetising Lympo Tokens Partnering with Employers and Health Insurances.
      • Q2 2019 - Open Api for Further Data Solutions by Third Parties Launched.
      • Q3 2019 - First Partnerships with Research Institutions on Fitness Data Use
      • 2020 - Launch of the Full Two-sided Marketplace for Fitness Data
  • Community
  • Partnerships

Closing


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seems decent not sure how far it will go though

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://lympo.io/

So in very simple terms, say I record a bunch of fitness days with my Apple watch, the idea is that I could load that onto the marketplace and sell it to someone who wants it and be rewarded in LYM coins? Is that close or totally off base? Sounds like an interesting idea. Always like to here about new block chain companies. Keep it coming.