Lympo Review

The Lympo project uses the Ethereum blockchain and the primary goal of Lympo is to help make the world healthier. Lympo does this by collecting data from the various sensors on a user’s smartphone or fitness tracker through their app.

This data is very valuable and is provided to certain organizations, such as research, fitness and health oriented organizations, who are willing to pay for it. In exchange for the data that you provide, you will be paid in digital currency: LYM tokens, an ERC20 native token of the Lympo network.

The Lympo app is currently being tested out by over 12 thousand app testers and the app is expected to be released and widely available in Q3 of 2018.

Lympo Token (LYM)

The LYM token is an ERC20 token, which is based on the Ethereum blockchain. This token forms the foundation for the whole platform. The Lympo platform does not accept fiat or any other currency as modes of payment. Organizations that want the Lympo data will have to pay for the services using the LYM tokens. This is primarily useful for gyms and fitness centers.

These gyms can then use this data to carefully devise the workouts. Users who provide the fitness data are also rewarded in the form of LYM tokens.

This token has a monetary value and can be exchanged for other crypto assets on many exchanges, such as Gate.io. They can also be used to avail discounts at the gym. A smart contract will ensure that the person receives a fair value for the data being provided.

Alternatively, users can also buy the Lympo tokens from the Lympo ICO token sale. The pre-sale resulted in the distribution of 265 million LYM tokens and the token sale is capped at 385 million LYM tokens.

The video below helps to explain how you can buy LYM cryptocurrency tokens.