[ANN] [LYM] Lympo - Monetizing sports and health data via blockchain

[thetractor666]

How is supposed this tool to help athletes to have a better performance ?

[LYMPO_health_off]

How is supposed this tool to help athletes to have a better performance ?

Hey thetractor666, Lympo can be used by the athletes, but its main goal is to make everyone profit. How can you benefit from that?

1. If you have a smartphone with any sports/health app on it, like Runkeeper, Endomondo or any other popular app, OR a wearable like Fitbit, you are producing a lot of valuable data: the kilometers you walk or run everyday, maybe you measure your heart rate, your sleeping rhythm, maybe you have a diet app and follow your diet.

2. This valuable data is now being stored with the provider of the app/wearable. They aggregate all this data, do big data analysis, use it after putting a layer of anonymity for interacting with other providers, use it for marketing etc.

3. What do you get from that? Nothing. Except that you can see yourself how many kilometers you just walked and share it on social media.

4. With Lympo you will be able to aggregate this data, get rewards for achieved healthy lifestyle goals (let's say a popular shoe producer makes a 5km running challenge for marketing purpose and offers some tokens in reward) and then also sell it and receive micropayments in LYM tokens.

5. Furthermore, companies that want to use your data and if you decide to sell it, can register your permission to access this data on blockchain. That helps them a lot in making sure that they are compliant with data protection regulations.

6. Now what can you do with these tokens? I. You can use them in the marketplace and get further products or services. II. You can invest them in the most promising health/sports/fitness startups on Lympo crowdfunding platform!

[taetaeve]

Great project and also has huge development potential in the long-run perspective.

[dani1989]

great idea,
i love blockchain projects for daily usage.

why you need the lympo token?
why you don't give rewards with BTC\ETH?

Good luck team  !

[callmetonny]

Basically you are aiming to create a scalable blockchain for a large scale biometrics database which later can be sold for these trying to create next level health and wellness products correct?

[djixj]

I have a hard time figuring how as a user 'human being' I will be able to extract information which will be useful for myself. I understand the part of marketing my own wellness stats but other than that I still have a hard time figuring it. Will this be a data repository that will be run on an app ? You will be able to purchase data 'packages' ? Maybe I need to read the whitepaper a bit deeper but prefer to ask

[germansupremacy]

Glad to see a fitness development i'm an extreme sports lover, everybody just thinks on the money but health and wellness is super important in our lives. checked the team bio and I saw a team who knows what they are doing. You have my support!

[trolliban]

great idea,
i love blockchain projects for daily usage.

why you need the lympo token?
why you don't give rewards with BTC\ETH?

Good luck team   !

Me too! Love the idea of getting money by sharing this type of data, i'm already enrolled on a health & wellness benefits campaign, this is run by my health insurer and gives you discounts in gym memberships, coupons for healthy food

[UneducatedChild]

How is supposed this tool to help athletes to have a better performance ?

Hey thetractor666, Lympo can be used by the athletes, but its main goal is to make everyone profit. How can you benefit from that?

1. If you have a smartphone with any sports/health app on it, like Runkeeper, Endomondo or any other popular app, OR a wearable like Fitbit, you are producing a lot of valuable data: the kilometers you walk or run everyday, maybe you measure your heart rate, your sleeping rhythm, maybe you have a diet app and follow your diet.

2. This valuable data is now being stored with the provider of the app/wearable. They aggregate all this data, do big data analysis, use it after putting a layer of anonymity for interacting with other providers, use it for marketing etc.

3. What do you get from that? Nothing. Except that you can see yourself how many kilometers you just walked and share it on social media.

4. With Lympo you will be able to aggregate this data, get rewards for achieved healthy lifestyle goals (let's say a popular shoe producer makes a 5km running challenge for marketing purpose and offers some tokens in reward) and then also sell it and receive micropayments in LYM tokens.

5. Furthermore, companies that want to use your data and if you decide to sell it, can register your permission to access this data on blockchain. That helps them a lot in making sure that they are compliant with data protection regulations.

6. Now what can you do with these tokens? I. You can use them in the marketplace and get further products or services. II. You can invest them in the most promising health/sports/fitness startups on Lympo crowdfunding platform!

In regards of the point #5 - All companies who will partner with you to potentially buy data will be regulated by the same data protection regulations? I'm unsure if these are the same worldwide, will this pose any type of restriction for users depending on the country they are living into ?

[LYMPO_health_off]

Great project and also has huge development potential in the long-run perspective.

Thank you for your insight! Yes Lympo ecosystem is design in such way, where you can always implement new things that will let for us to grow and adapt to the market.

[LYMPO_health_off]

Basically you are aiming to create a scalable blockchain for a large scale biometrics database which later can be sold for these trying to create next level health and wellness products correct?

Basically yes your idea is correct. As for scalability: it is one of the most important metrics for startups to grow, so it is very important for us to have scalable processes. That will ensure that we will be profitable and working.
As for creating the next level health and wellness products, that is one of our goal to help others to start doing innovative businesses in heath market, that's why we will have crowdfunding possibility in our ecosystem for those who have fundamental idea for the health market.

Hope I answered your question.

[LYMPO_health_off]

I have a hard time figuring how as a user 'human being' I will be able to extract information which will be useful for myself. I understand the part of marketing my own wellness stats but other than that I still have a hard time figuring it. Will this be a data repository that will be run on an app ? You will be able to purchase data 'packages' ? Maybe I need to read the whitepaper a bit deeper but prefer to ask

Thank you for the question!
The idea is to share your data by allowing to see it for those who you want: your sports trainer, your employer, your relative - there is no difference with whom you want to share it. You will not need to figure out all the data by yourself. You will have some insights and you can discuss results with, for example, your sports trainer.
If in some point you want to extract your data, that will be also possible, but all the technical stuff will be more clear for everyone, when we will present prototype.
At the first stage app will work as data collector because we will work together with popular sports apps to help people easily track their data and use it.

Hope i answered your question.

[LYMPO_health_off]

What do you think about airdropping devices like fitbits or garmin watches?

Garmin watches are designed more for those who do sports and know what they are doing. For example running. And for tracking running data with garmin watch is better way than using mobile app, this kind of watch also keeps you more motivated during the run because of shadow feature and the advantage of garmin shadow is that  it is more reliable than app shadow. Also you can extract all the data into you PC and analyze by yourself, which is more important feature for those you are more into professional sports.

As for fitbit is it quite useful for those who sits in the office all day and if you like to track everything. This wearable is quite trustworthy and it shows all the data for the user in a simplified way, so everyone in a glance can understand it. As for using it for sports, garmin will be better choice.

Hope, I answered your question

[LYMPO_health_off]

great idea,
i love blockchain projects for daily usage.

why you need the lympo token?
why you don't give rewards with BTC\ETH?

Good luck team   !

Me too! Love the idea of getting money by sharing this type of data, i'm already enrolled on a health & wellness benefits campaign, this is run by my health insurer and gives you discounts in gym memberships, coupons for healthy food

Happy to see such an optimistic insights!

The LYM token is needed because of the whole ecosystem. Token will combine every participant of the ecosystem and motivate to reach their goals.
Basically rewards are designed to keep motivation so if you will receive it in cryptocurrency you will not probably spend them on products related to the health market and stop reaching your health & wellness goals.

Hope, I answered your question.

[LYMPO_health_off]

Glad to see a fitness development i'm an extreme sports lover, everybody just thinks on the money but health and wellness is super important in our lives. checked the team bio and I saw a team who knows what they are doing. You have my support!

Thank you for support! The whole team are also involved in different kind of sports, so they know the real potential of this project!

[LYMPO_health_off]

will data have a price that will change? If im a professional football player will my personal stats be worth more than other athletes, in order to monetize my information after i sell somebody my training stats how can i earn money again in the future?

It depends who will be interested in your data.
You can always sell you data to other person unless you will agree different rules, also you are collecting your data everyday, so that might be called as some renewable source of data.

Hope, I answered your question.

[LYMPO_health_off]

Glad to announce that we received whooping 4.8 score @ https://icobench.com/ico/lympo !

[egetrorx]

croatian faq
https://drive.google.com/file/d/1uyNdngBMXPE3aRe_VEtplx69evQt_Mnp/view
summary
https://drive.google.com/file/d/1MxK8IalqaOR8rhWxQy6R0XniJ4YIB20a/view?ts=5a4e1ee1
website
https://docs.google.com/document/d/1T3LFQLV47L62er0yXg2qk8NQsp81OXqp6x3nFpBBk24/edit?ts=5a4e137a

[lamby]

you/the team already started product development?

Hey! Yes, the development of Lympo.io user reward mechanism which is the first step of the Lympo ecosystem has started and the proof of concept will be ready for use in February/March, soon after the pre-sale. We will invite our early contributors to participate in a running challenge, for example, run 5 km, and get LYM token rewards. This will be a very special kind of airdrop and you will hear more about it soon. Please join our community on Telegram https://t.me/lympo for the updates!

Wow a very nice incentive based health and sports project.
Am highly interested. Want to care for my health and spice it up with rewards

[#CapsLOck]

Glad to see a fitness development i'm an extreme sports lover, everybody just thinks on the money but health and wellness is super important in our lives. checked the team bio and I saw a team who knows what they are doing. You have my support!

Thank you for support! The whole team are also involved in different kind of sports, so they know the real potential of this project!

Reading all your feedbacks about this project makes me feel motivated even more, its very interedting and its more on focuses on health.