Lympo (LYM) is a health and fitness platform based on blockchain technology. Lympo analyses the fitness data generated by its users. The data is gathered in an eco blockchain system that rewards the user either with LYM which can be used on their platform. Lympo is aiming to not solve a problem but revolutionize an industry in order to improve personal health for individuals. The white paper can be viewed at https://www.lympo.io/whitepaper-lympo.pdf (29 Pages)
How It Works
Lympo (LYM) is an ecosystem that relies on user-generated/controlled data. Currently, Lympo doesn’t actually have a product on the market however they are aiming to have a complete launch by the end of 2020. Lympo has planned a personal fitness wallet that will be connected to popular health applications and wearables by completing fitness goals you can earn LYM tokens as a reward. This allows for personal storage of past health goals for the user’s future use to review progress over time.
Marketplace
Lympo also has planned for a marketplace that offers personal training, health products, and aesthetics in exchange for LYM tokens. Finally, Lympo also plans for a crowdfunding platform that allows individuals seeking funding or expertise for a health/fitness related project, this also includes a community rating feature that allows users to rate startup projects and even leave feedback.
Conclusion
Overall Lympo (LYM) has a great concept inside a not really competitive industry (blockchain wise) with only one other main competitor “Sweatcoin”. However, Lympo are yet to actually release anything right now it is all just brainstormed information put on a website hoping for a break, they also lack open-source information how do we the users know we aren’t being fooled. In order for Lympo to succeed they need to put their plans into a product hopefully, then we can see them move up the ranks.
