Hold on to your helmets: We are distributing company shares to LYM token holders Lympo Follow Mar 21, 2018 · 3 min read

The time has come to take the crypto game to the next level. In the true spirit of Lympo, we have decided to distribute 20% of our company shares to our community — the LYM token holders — also adding an IPO to our roadmap.

The current state of the crypto world is unsatisfactory to say the least. In recent years, thousands of companies went on to conduct a token sale and to raise funds for projects offering contributors their tokens. At the same time, the crypto space became a minefield full of shady ventures and empty promises.

In most cases, token holders have no say in critical decisions of a company and, most importantly, receive no transparency. Besides, the market is very unstable and many tokens lose their value because of the volatility of the major crypto currencies. Due to these unfortunate developments we have decided to become a major force seeking a positive change and to create long term value to our community. Let’s make crypto fair!

A growing number of people in the crypto space believe that a coin which gives an additional value to the token holders in terms of the company’s ownership is key to its success in the future. Lympo will become the first company to actually make this move.

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.”

This means:

- real participation in the company decision making;

- real transparency for thousands of contributors;

- real value for LYM token supporters.

For our token holders it will mean that they’ll be able to use the token in the Lympo ecosystem (with the first use case upcoming next month), trade tokens in exchanges, and in addition to that — qualify to become Lympo’s shareholder. This will allow LYM to become a truly multi-purpose token.

What’s the plan?

Starting this April, we will offer via the means of equity options a 20% of the company shares to thousands of LYM token holders around the world. In the upcoming year, Lympo shares will be distributed in a number of rounds. A limit of max 1% ownership of this pool will prevent the domination of a few big holders. The distribution will be based on the number and the duration of the tokens held, expressed in a number of points to be constantly updated in a public data base.

Soon we will announce a detailed scheme on who will be eligible to become a company shareholder and when exactly. We are incredibly excited to be sharing these groundbreaking news and we hope that this huge step will truly empower the Lympo community and set a positive example to the crypto world.

This proposal is endorsed by the Blockchain Center Vilnius. The Blockchain Center in Lithuania together with its network centers in Melbourne and Shanghai serves as a global tech hub for blockchain innovation.