Dallas Mavericks and Lympo

Response to “Dallas Mavericks and Lympo announce multi-year partnership to promote health and fitness tech”

It is fascinating how a reputable team would partner with a company with no working product and very clear flaws in their concept.

I am reaching out to the Mavericks for comment, will keep everyone updated on that progress.

Use of Crowdfunding

Response to “Using the LYM token to crowdfund sports and wellness related initiatives”

This is an unnecessary addition to a self described fitness rewards platform. It just doesn’t make much sense.

No mention of any fees or details surrounding crowdfunding. The article is reworded fluff from the whitepaper, as are most of the blog posts.

Lympo and Changing Sports Habits

Response to “5 Reasons Lympo Will Change The Sports Habits Of Regular Users” in order of the listed reasons.

Motivation to keep working out:

“But the most valuable reward — at least as perceived by our brain — is that which holds monetary value.”

Athletes that regularly take part in sports do not need extra motivation in the form of pennies per mile to help them workout. Lympo has stated repeatedly rewards are small.

A Healthy Community:

There is no incentive or component of the platform that fosters community strength. No part of the platform has anything to do with supporting other users.

Tailored Workouts:

“Lympo solves this problem by bringing personal trainers and big data on board. Users will be able to use the tokens to buy services from certified personal trainers”

This is already available on multiple websites and apps. Most people do not want to pay for personal training, it is expensive. Regardless, the most important part of working with a personal trainer is motivation and fostering a close relationship.

Personal trainers are much more than a resource for fitness, they often fall into a role of being a therapist. Building a deep close connection with a client is not possible through an online app.

Correcting a clients form while working out is crucial, as bad form may lead to serious injury. This is not possible when done remotely.

Almost all of the personal trainers listed on the Lympo website hail from Lithuania. Time zone issues are a real thing.

Digital Health:

“Based on one’s activity records, it is possible to make plenty of suggestions for further improvement. Be it muscle development, dietary improvements, or achieving new goals that seemed unachievable before. By systematically processing the data and using knowledge of health and fitness professionals, Lympo will be able to offer its users tailor-made advice.”

This is absolutely not the way health and fitness works. Humans are not predictable machines. Life often gets in the way of lifestyle, if an algorithm can offer specific advice to each user, than what use is the personal trainer?

Working For Improvement:

“One of the greatest fitness trends coming up in the future is functional training. Unlike usual workouts, the purpose is not solely to work out — it is to improve your daily life. Lympo’s interactive ecosystem will allow matching those daily needs with people that can help achieve improvement. Seeing improvement in everyday life will thus act as great motivation to keep going forward, while also significantly improving one’s health.”

Matching daily needs to “people”? I’m assuming that was meant to be written as personal trainers. Regardless, “Interactive ecosystem” is a nice buzzword but this is nothing specific to Lympo.

A Healthy Lifestyle For Everyone

“Understanding the complexity of the issues, Lympo has developed an ecosystem to tackle the main problems. Whether it’s lack of knowledge, motivation, or money — Lympo will help to overcome those problems and help its users to live a healthier lifestyle easily.”

Oh boy.

Rewards, as said multiple times by the Lympo team, are minimal. They will not provide an incentive to cheat, or an incentive to work.

Knowledge and motivation comes from support, which you can only get from purchasing the services of a trainer. Online personal trainers are notoriously ineffective, as personal training is ONLY effective when it takes place in the real world, not online.

Using Lym at the Gym

Response to “Using LYM while hitting the gym? Sure!”

“Is the gym membership price dragging you down? Pay it fully or partially with LYM which you’ve earned by running a marathon!”

Considering Planet Fitness offers a $10/month membership, gym fees are not always expensive. As far as paying with LYM earned from running a marathon, this is a hilarious statement, one which I have refuted in the past. The average cost of a marathon in the U.S is $60-$100. Uploading a picture of a $60 bib for a minuscule reward to pay $10/month gym fees defies common sense.

“Do you need some new sports equipment or maybe nutritional supplements? Get a discount by paying with LYM.”

First you must purchase LYM, a highly volatile cryptocurrency. You must buy BTC, transfer it to an exchange, purchase LYM, and then find a retailer which takes LYM as payment. Seems like a great system to me.

“Another potential example — a loyalty and motivation system in which the gym, by participating in the ecosystem, would be able to rewards its most active members with LYM tokens for their loyalty and enthusiasm.”

This already exists, its called Perkville.

Progress Update Video

Response to “Lympo progress update from CEO Ada Jonuse and CPO Marius Silenskis”

In a poorly scripted and painful to watch video CEO Ada speaks about an announcement of an announcement, and thats about it.

One of the only take aways of the video is that the team is working on API’s to incorporate other fitness platforms into Lympo. This system won’t work. Why would a user sign up for a rewards platform with negligible rewards?

The video, as is the rest of the Lympo project, is excellently done in terms of marketing. Most of the video is pretty shots of people looking happy and doing things with nice music underlaying every shot.

On Lympo Being a Community Driven Company

Response to “Lympo is a community-driven company, so tune in!”