FEATURES, the 25/03/18 (Coinmarketcap):
✅ Token ERC20: LYM
✅ Blockchain: Ethereum
✅ Consensus: Token utility
✅ Max. supply: 999 999 999 LYM
✅ Circulating supply: 551 050 064 LYM
✅ Rank: 351
✅ Market cap: $14 696 009 USD
✅ Price: $0,026
The world of cryptocurrency is a fabulous world. There are many things to discover, many opportunities to seize but what is the most magical, in my opinion, is the world of the blockchain and all its potential applications.
Today, with Lympo, you'll quickly understand what I'm going to talk about because it's concrete, it affects our daily lives.
It's about health, well-being, sport... and we all know how healthy life is and I know, unfortunately because I have poor health, that without health we can do nothing.
You may know the mhealths or the wearables? They are applications or objects which make it possible to collect data for example on our health, our form, They can be connected or not.
I will try to make you understand all what is the ecosystem Lympo and to what extent the blockchain can show all its possibilities in this project.
For that, I will tell you a conversation with a friend of mine, Anne who loves running a lot and who has already done several times the half-marathon Marseille Cassis (French marathon). She uses a Tom Tom Runner so she knows the subject but she knows nothing about cryptocurrency, not even Bitcoin and even less blockchain.
Anne: Lympo what is it?
Miss Crypto: Then I'll just start. It is a platform that allows users to take care of their health, to do fitness, to take care of themselves but with an approach very different from what we know because based on the blockchain. This will allow you for example to store all your data in an intelligent, secure way but also you will soon understand, Lymo will give you the chance to be controller of your data and allow you to monetize them if you want thanks to an excellent incentive system.
Okay, I get it. But you just mentioned "data" and that's something I'm interested in.
Great, because it's one of the main problems that Lympo wants to solve and that's where the blockchain comes in.
In fact with mhealth and wearables, you don't know where your data is stored, how it is stored or if it is safe? much less for how long.
To simplify things for you, I'm not going to explain what the blockchain is in detail, so as not to get confused, but let's say that the ethereum blockchain is like a very big accounting book where you can store, transfer information in a transparent, reliable, decentralized way, etc. Let's say now that this book needs a computer protocol to work, the smart contract.
Thanks to an encryption and key system, it can contain data but also allow authorizations to be issued and operations to be validated.
Lympo is a decentralized application that works thanks to the Smart Contract that will allow you to choose what you want to do with your data. There are an infinite number of possibilities.
Okay. That means my data will be safe and it will never be lost or deleted! But can I control it?
You understand quickly tell me. You ask a very good question because it's a very important point for Lympo.
Your health, your fitness, your data are very important and have value for everyone: companies, mutuals, insurances. Everyone would like to collect as much data as possible to improve the future. So for Lympo, your data has a value and tell me, what are you currently doing with your wearable data? and the Tom Tom company, what does it do with your data?
With Lympo your data belongs to you because you created it, you have the right to choose if you want to share it or not.
If you want to do it, you have to be rewarded for it! and the LYM (token ERC20) is there for that.
The goal is for everyone to be a winner, you who improves your health and the company that makes the sneakers because they have access to data that they couldn't access and that is valuable to them.
One of the important points is the wallet Lympo fitness, it is the gateway into the ecosystem. It will allow you among other things to receive the LYM tokens that you won for example because thanks to a contest on Lympo it is you who ran the most this week and you won LYM.
That's really good, I put on my sneakers, I download Lympo and off I go!
(Laughs) No, no, wait a minute. I still have things to tell you. Your hard-earned LYMs, you will be able to use them in a market place that already exists since December 2016 with 500 professional fitness.You can find a great coach who will help you achieve your goals, but you can also choose food supplements and why not negotiate as you have excellent health, your data against a discount on your insurance that you could pay in LYM. You will have access to a whole range of goods and services related to sport, well-being and health.
It's win-win and you become a major player instead of letting your data be exploited by I don't know who.
This is really great news for the fitness world and health in general. I hope that many companies will join the ecosystem.
Well, the last important point is that LYM tokens can be used on Lympo crowdfunding to invest in innovative companies in the field and this will therefore promote the growth of this new ecosystem.
To finish one last interesting fact and that Lympo through an IPO will give 20% of the shares of the company to LYM holders. This is the first time I have seen this in a cryptocurrency project and I find it very interesting to follow.
In conclusion, I am very seduced by this project for several reasons:
- There are not many blockchain projects in this sector and what little I know are more medical projects.
- The team looks solid and the CEO is a woman, Ada Jonuse, which is rather rare in the blockchain world.
I notice an advisor Tony G who is very invested in sport, - The Lympo Sports Foundation that will support the project.
- The fact that this project is Lithuanian reassures me because the will quote the statement of Virginijus Sinkevičius, Minister of Economy and Finance :
Experts from the world's intellectual centres predict various scenarios in cryptocurrency development; however blockchain is not just about cryptocurrency. Blockchain technology is already being adopted by many businesses and public administration sectors.
The potential is enormous, therefore, Lithuania must become an important link in the global blockchain industry. I am pleased to be able to put the first block in place today.
I do not believe that Bruno Le Maire, his counterpart in France, is making the same statement! 😄
I hope you got it all figured out. And don't hesitate if you have any other questions to read their White paper, not only on their website but also on the social networks where you will be able to chat with the team which is very competent. You can listen on Facebook, Twitter, Bitcointalk, and also Telegram, Youtube and others.
See you soon.
Miss Crypto
DISCLAiMER
The information in this article is for informational purposes only and does not constitute an offer or solicitation to purchase.
I urge you to do your own research.
Image sources:
- Lympo Website, White paper and Tweeter
- Pixabay
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