LYMPO - BLOCKCHAIN REVOLUTION




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 THE HEALTH INDUSTRY AND THE BLOCKCHAIN

 Blockchain is a distributed system which records and stores transaction records, in a fashion making it impossible to change the content of the transaction in a digital ledger. Each transaction block is stored in the ledger and chronologically linked to another block after the transaction records are verified by a distributed peer-to-peer network. End-to-end encryption makes an interaction like storing, exchanging and viewing information possible without established trust between the parties. Avoiding one central authority, blockchain relies on an anonymous network of participants preventing privacy and confidentiality breaches.

 Blockchain-based smart contracts represent contracts that can be fully executed when contract conditions are met. This system unbundles the need for any kind of exchange with an intermediary checking contract conditions. Until now, intermediaries played a crucial role in exchange of value situations, thus earning from their role. Smart contracts enable end users to enter a trusted relationship without any other authority.

 The sensitive nature of health-related data and the need to be able to delete this personal data in order to fulfil data protection regulations in some parts of the world (most notably the European Union) does not allow for storing this data itself on blockchain. In this case, blockchain technology is viewed as a secure and e ective payment tool allowing micro-payments and a permission storing mechanism. 

 Most existing or projected blockchain applications in healthcare fall into these categories: Interoperability between medical institutions Electronic medical records Insurance Medical trials Genomic research Patient-generated data/Quantified-self data commons. 

  THE LYMPO WALLET AND USER REWARDS MECHANISM

 The Lympo digital fitness wallet and user reward mechanism is at the core of the Lympo ecosystem. Lympo fitness wallet functions as an entry to the ecosystem and allows a user to create their profile, fill in their health data and connect it to their favourite sports and health tracking apps. The individual data submitted via Lympo fitness wallet will be accessible to its user and can be viewed or shared by storing a permission on blockchain. 

 LYMPO MARKETPLACE

 The next step in the Lympo ecosystem is to enable users to spend tokens to receive further healthy lifestyle goods and services and make in-platform purchases. The marketplace, starting with the existing platform to find the best personal trainer, o ers a variety of ways to do so: 

  • Getting premium features in the Lympo platform
  • Everyone owning tokens will receive discounts and products o ered by our partners: sports and wellness businesses, healthy food and supplement providers,
  • Businesses use tokens to pay for listing their products and services on the platform.
Lympo foresees its existing platform to be the market entry tool for the user-generated data powered healthy lifestyle ecosystem which will further expand with more partners accepting LYM tokens. A part of LYM tokens are allocated to incentivize community growth and to add new businesses to the Lympo network. The ultimate Lympo goal is that its token holders can access a wide range of products and services with the initial platform being only one part of the much wider network.

LYMPO SOLUTION

 While Lympo includes three major parts, a user reward mechanism, a marketplace and a crowdfunding platform, rewards for a healthy lifestyle are at the core of the product and will be discussed in detail. We have also included a provisional model of the data sharing environment with description of components, permissions and actors.
The fitness/health data sharing ecosystem is based on three major components:

  • Lympo Platform: core components developed by the Lympo team and partners
  • Blockchain: Lympo tokens, smart contracts and crypto wallets
  • User community: Users, who will live healthy lifestyles and will interact with di erent actors in the ecosystem to find trainers, partners, make agreements, share data and get rewarded
The Lympo tokens are a key element which facilitate all interaction in the system in relation to the community and a healthy lifestyle. The tokens are used to incentivize people to be active participants, make connections and improve their health. The tokens are distributed on the Ethereum cryptocurrency blockchain. This, of course, imposes certain standard rules for the community 

LYMPO (LYM) TOKEN SALE

 The tokens are used to incentivize people to be active participants, make connections and improve their health. The tokens are distributed on the Ethereum cryptocurrency blockchain. This, of course, imposes certain standard rules for the community.
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Team tokens will be locked for 24 months after the end of the token sale. Advisors’ tokens will be vested in 12 months. Lympo ecosystem empowerment tokens will be locked and released in 3 years, i.e. 1/3 tokens made available in 2018; another 1/3 in 2019 and the rest 1/3 in 2020.

 TOKEN SUPPLY

  • Total token supply: 1.000.000.000 LYM
  • Total hard cap: 14.625 ETH = 650 mln. LYM
  • Soft cap: 15%
Website : https://lympo.io/
ETH : 0x31E1baB2A252C6096343F7E1F92590CE91BD4024

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