LYMPO - MONETIZING SPORTS AND HEALTH DATA VIA BLOCKCHAIN
The use of technology in the world of health is increasingly fast, as evidenced by the use of mobile health applications (mHealth) is growing and used by the public, ranging from checking blood sugar levels, heart rate, mental health etc. Proven over 52% of smart phone users aggregate health-related information on their phones, which nowadays mHealth applications are needed by the wider community to support their mobility, as well as their interconnectedness with their health. In 2016 alone, mHealth app store downloads reached 3.2 billion. Health-related data is an asset for individuals and stakeholders in the data-driven sports, health and wellness industry.However, users who generate such data can not collect, store, and monetize their data due to limited existing facilities, and this makes the industry unable to use external potential, so mHealth applications have not yet generated the promise of digital technology to empower individuals and care outcomes better health and sports markets and more connected health. And We are aware of the current limitations by creating a platform called Lympo. The Lympo ecosystem will be able to solve this problem. Supported by user’s fitness and user health data, Lympo will provide it through the LYM utility token.
HEALTH INDUSTRY AND BLOCKCHAIN
It has been widely agreed that blockchain technology has the potential to disrupt the health sector by making user-generated data the core of healthcare ecosystems. This can be achieved by improving the security and interoperability of health data. In this paper, we focus on mHealth or more specifically in the fitness / health sector supported by mHealth applications and wearable devices.The sensitive nature of health-related data and the need to erase this personal data to comply with data protection regulations in some parts of the world (especially the European Union) does not allow the storage of this data itself on blockchain. In this case, blockchain technology is seen as a safe and effective means of payment to enable micro payment and permit storage mechanisms.
HOW IT WORKS?
Lympo aims to create an ecosystem powered by user-generated and user-controlled fitness and wellness data allowing the exchange of value through the introduction of LYM utility tokens. Lympo’s goal is a marketplace where data itself is used effciently by ecosystem members and everyone is rewarded fairly. A mHealth app/wearable user is at the centre of this ecosystem including all key players in the sports and wellness industry.
THE LYMPO WALLET AND USER REWARDS MECHANISM
The rewards issued by market players interested in having direct access to Lympo digital fitness wallet users can be of two different types:
- A reward for achieving a healthy lifestyle goal, i.e. running 5 kilometres or following a precise diet and submitting app records to Lympo profile.
- A reward for checking into a particular location for a specified amount of time, i.e. joining a gym class or attending a karate competition.
BLOCKCHAIN APPLICATION IN HEALTH INDUSTRY
Health care may be a scourge in the growth of booming enterprise blockchain applications, but increasingly prominent as a promising technology to solve — a key issue in the health data management sector even on a government scale.Most existing or projected blockchain applications in health care fall into the following categories:
- Interoperability between medical institutions
- Electronic medical records
- Insurance
- Medical trials
- Penelitian Through
- The resulting patient data / consolidated data
TOKEN SALE
- 1,000,000,000 tokens
- 15% pre-sale
- 50% token sale
- Soft cap: 15%
PRE-SALE, STARTING JANUARY 23
The pre-sale starts on January 23 at 12:00 London time GMT+1 and ends on February 3 23:59 London time (GMT+1) or when the hard cap is reached.
- 150,000,000 LYM
- 20% bonus for the first 30 million LYM
- 10% bonus for the next 20 million LYM
- The rest: 1 ETH ~ 30,000 LYM
- No minimum threshold
- Max threshold during the pre-sale ~ 10,000,000 LYM, i.e. 286 ETH
- Unsold tokens will be burned
TOKEN SALE, STARTING MARCH 15
The tokensal starts on March 15 at 12:00 London time GMT+1 and ends on March 25 23:59 London time (GMT+1) or when the hard cap is reached.
- 500,000,000 LYM
- No minimum threshold
- Max threshold 12,000,000 LYM, i.e. 600 ETH
- 20% bonus for the first 80 million LYM
- The rest: 1 ETH ~ 20,000 LYM
- Unsold tokens will be burned
THE USE OF TOKEN SALE FUNDS
ROADMAP
- December 2016
Start of the Lympo platform development. Angel investment received.
- May 2017
Start of the preparation for the ICO.
- September 2017
Lympo platform MVP launched www.lympo.lt (no blockchain solutions yet).
- November 2017
First partnerships for the future Lympo ecosystem.
- December 2017
Lympo pre-ICO.
- February 2018
Launch of the Lympo fitness wallet proof of concept.
Lympo ICO.
- Quarter 2, 2018
Lympo fitness wallet full BETA release.
- Quarter 3, 2018
Lympo fitness wallet integrated with the first Lympo ecosystem partners.
- Quarter 1, 2019
Start monetising Lympo tokens partnering with employers and health insurances.
- Quarter 2, 2019
Open API for further data solutions by third parties launched.
- Quarter 3, 2019
First partnerships with research institutions on fitness data use.
- 2020
Launch of the full two-sided marketplace for fitness data.
Info details please check :
WHITEPAPER : https://lympo.io/wp-content/uploads/2017/12/whitepaper.pdf?v5
ANN BITCOINTALK : https://bitcointalk.org/index.php?topic=2655965.0