The relatively new mobile health market has been growing immensely and in a big way. But, just like with any new product and market the full benefit of this ecosystem has yet to be realized. For consumers and businesses alike, there is a lack of cohesiveness and interconnectivity between the consumers, the companies and their data. Both parties miss out in the grand scheme of things without a real platform they both can flock to. Lympo has seen this and is attempting to alleviate this situation with a new mobile health system that rewards its users for getting healthier.
What is Lympo offering?
Health and sports tech is a massively growing industry with an expected market size nearing $250 billion by 2020. In 2016 mobile health app downloads topped 3 billion within mobile marketplaces. Lympo wants to add real functionalities and an actual community to this goliath of an industry.
The way things work currently within this realm is, knowingly or not, many phones are tracking a user’s health related data. Things like activity level, eating habits or even details like heart rate and blood pressure can be tracked and sold to companies without any benefit to the user at all.
To put it squarely, we are not the owners of our own valuable data under this system.
Lympo is combatting this via their platform that will combine benefits for all potential players within the health industry. Users will receive benefits from within the Lympo marketplace, Gyms and personal trainers will be able to attract new clients, and businesses will be able to directly aggregate the data collected to market personalized services towards willing and wanting users.
They plan on doing this through their specialized “LYM token” that will have real uses for all holders.
The LYM Token
Lympo’s token is what really make their plans stand out.
The tokens, first off, are earned fairly simply. Market players can set rewards for users who achieve certain goals or participate in certain activities. For instance, if a user runs a certain distance or joins up with a gym or meets certain goals a smart contract is activated that rewards the user with LYM tokens within their digital Lympo fitness wallet.
This is simple enough, and standard procedure for most startups within the crypto-space. However, there’s a couple things about the LYM token that are making it stand out.
The marketplace on their platform will host a large variety of rewards that can be exchanged for the tokens making it easier and cheaper than ever before for user’s to keep up on their fitness gear, food, and subscriptions. Lympo is dedicated to making their token a highly useful token that has benefits for the user in the real world. This thrust has also earned the attention of KuCoin: The crypto exchange announced on March 28, 2018 that they would list Lympo:
KuCoin and @Lympo_io LYM are running a joint promotion to celebrate the listing of LYM on KuCoin. We are offering 5 BTC giveaway. All you need to do is:
1. Follow @kucoincom
2. Retweet this post
3. Fill in the form:https://t.co/KIeOFSZIuz
End Time: 2018/04/02 23:59:59 (UTC +8) pic.twitter.com/3QP2Ht8WsN
— KUCOIN (@kucoincom) March 28, 2018
But, beyond this nice benefit is that Lympo is putting their money where their mouth is when it comes to creating a community involved around this platform. LYM token holders will also be given real stakes in the company. Lympo’s CEO Ada Jounuse recently announced:
“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.”
Lympo’s ideas are solid and they have great solid, and more importantly doable, ideas for how they want their platform to operate. Check out lympo.io for more info and to get on the cutting edge of the mobile health industry.
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