OliveX (HK) Limited (“OliveX”) and Lympo announce Lympo Squat, the mobile app that rewards users with Lympo tokens (LYM) for performing squat exercises. Lympo Squat is powered by human pose artificial intelligence (AI) technology to analyze the user’s movements and provide real-time feedback. Lympo Squat is now available globally free of charge for Apple and Android devices on the App Store and Google Play.

In Lympo Squat, adults of any age can participate in up to six daily squat challenges, tracked and assessed by the app’s AI software and the smartphone’s camera. Lympo Squat rewards users with cryptocurrency for performing squats: 3 LYM for successfully performing a challenge, plus extra bonuses for completing a streak. Users can cash out LYM to their own cryptowallets at any time in blocks of 1,000. LYM can be bought or sold on various cryptocurrency exchanges or used directly to purchase sporting goods on https://shop.lympo.com.

LYM crypto tokens have monetary value and are issued by Lympo, the first blockchain company to reward users with cryptocurrency for engaging in physical activity. Lympo has partnerships with major brand names including the NBA basketball team the Dallas Mavericks and Caroline Wozniacki, one of the most recognizable female athletes in the world.

Squats are among the most prevalent and useful forms of strength exercises. Strength exercises can stimulate bone growth, control blood sugar, help with weight loss, improve balance, posture, muscle and ligament strength and function, while reducing back and joint pain. Various health organizations including the American Heart Association recommend strength training at least twice per week.

Lympo Squat uses human pose AI technology and the front camera of a mobile device to help users to perform squat exercises, tracking 17 points on the human body in order to analyze a user’s squatting performance and provide real-time feedback.

Lympo Squat leverages gamification and cryptocurrency to keep users exercising over the long term. In addition to earning cryptocurrency for every set of squats, the app includes gamified features designed to motivate users to develop the habit exercising regularly. Lympo Squat’s exercises are conveniently done indoors and at any time without hassle, equipment, or advance preparation.

Keith Rumjahn, CEO of OliveX, said: “The hardest part of keeping New Year’s resolutions is perseverance. It’s easy to exercise on a good day, but it’s really hard to do so regularly over several weeks to build a healthy and long-term exercise habit. Lympo Squat gives players something to look forward to every day, using gamification and crypto rewards to help users achieve a healthy regular exercise habit that is both easy and convenient.”

Disclosure: This article includes a client of an Espacio portfolio company